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Latest coverage for Cryptocurrency

Cryptocurrency security covers theft, fraud, ransomware payments, wallet compromise, and blockchain risks involving digital assets and transactions.

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Cryptocurrency is a digital asset secured by cryptography and recorded on a decentralized blockchain ledger. It enables peer-to-peer transactions without intermediaries, relying on consensus mechanisms like proof-of-work or proof-of-stake to validate and add transaction blocks. Users control funds through private keys, which are critical for accessing and transferring cryptocurrency.

From an information security perspective, protecting private keys is paramount, as their compromise leads to irreversible theft. Cryptocurrency exchanges and wallet software are frequent targets for hacking, requiring robust security controls and vulnerability management. Additionally, the pseudonymous nature of transactions can facilitate illicit activities, challenging efforts to trace funds and enforce compliance. Defenses include hardware wallets, multi-factor authentication, and secure key management practices to mitigate risks inherent in cryptocurrency operations.

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Bank Info Security 2 years, 5 months ago

Cyber Fail: When Ransomware Gangs Get Careless

Also: Rampant App Vulnerabilities, Cloud Misconfiguration and Why CISOs MatterWelcome to "Cyber Fail," where our experts uncover fails so we can all strengthen our defenses. Today, we examine what happens when ransomware groups get careless, application developers' laissez-faire attitude toward vulnerabilities, and the security woes of a beleaguered crypto exchange.

Bank Info Security 3 Feb 2024, 1:00 p.m. CISO Cloud Cryptocurrency Misconfiguration Ransomware Vulnerability
Bank Info Security 2 years, 5 months ago

Cryptohack Roundup: 2024's Biggest Heist - So Far

Also: US Courts Announce Guilty Pleas and Hand Out Sentences in Crypto-Linked CasesThis week, a Ripple co-founder and a karaoke platform were hacked, Mexican crypto banks were targeted, authorities seized crypto in the U.S. and Germany, the DOJ made charges in crypto cases, people pleaded guilty to money laundering and SIM swapping, monero was traced, and FTX will not restart.

Bank Info Security 2 Feb 2024, 8:00 a.m. America Cryptocurrency Germany Money Laundering SIM Swapping
Bank Info Security 2 years, 5 months ago

Top Tips to Avoid Corporate Social Media Account Hijacking

Not a Good Look: Hijacked @SECgov Social Media Account Spews Bitcoin RumorsSocial media accounts - especially those tied to government agencies, big-name companies and high-profile individuals - continue to be a top target for takeover by fraudsters and scammers, especially when it comes to X, formerly known as Twitter. What's the best way to keep these accounts secure?

Bank Info Security 1 Feb 2024, 7:30 a.m. Cryptocurrency Government Social Media Twitter