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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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Social engineering: 'low-cost, hard to patch, and scales well' North Korean criminals set on stealing Apple users' credentials and cryptocurrency are using a combination of social engineering and a fake Zoom software update to trick people into manually running malware on their own computers, according to Microsoft.…

Cops bust latest scam, return $12m to bilked victims US, UK, and Canadian law enforcement Thursday said that they disrupted a $45 million global cryptocurrency scam, freezing $12 million in stolen funds and identifying more than 20,000 cryptocurrency wallet addresses linked to fraud victims across 30 countries.…

Credential and cryptocurrency theft, live surveillance, ransomware - an attacker's Swiss Army knife A new remote access trojan (RAT) being sold on cybercrime networks enables double extortion attacks on Windows machines by bundling ransomware and data theft, along with credential and cryptocurrency stealers, live surveillance, and a whole host of other illicit capabilities, all controllable from a centralized dashboard.…

PLUS: China broadens cryptocurrency crackdown; Australian facial recognition privacy revisited; Singapore debuts electric VTOL; and more! Asia In Brief The Commissioner of Police in the Indian city of Hyderabad, population 11 million, has called for AI agents to be issued with identity cards – or at least their digital equivalent.…

Crimson Collective claims 'sophisticated attack' that allows them to 'disconnect every user from their mobile service' Internet service provider Brightspeed confirmed that it's investigating criminals' claims that they stole more than a million customers' records and have listed them for sale for three bitcoin, or about $276,370. …

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