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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 1 year, 3 months ago

North Korean IT Workers Set Sights on European Tech Firms

US Sanctions Are Forcing North Korea to Shift Targets, Using Workers With Fake IDsNorth Korean hackers posing as IT workers used to focus on stealing cryptocurrency and infiltrating U.S. tech companies to access sensitive data, but U.S. sanctions and increasing awareness of these job scammers have forced Pyongyang to shift its focus to Europe, said Mandiant's Luke McNamara.

More from Bank Info Security 12 Apr 2025, 6:30 a.m. America Cryptocurrency Europe North Korea Sanctions Scam Theft
Bank Info Security 1 year, 3 months ago

Cryptohack Roundup: US Disbands Cryptocurrency Legal Team

Also: PoisonSeed Phishing Campaign, FTX Clients Face Reimbursement HurdleThis week, Trump administration disbanded a Justice Department crypto unit, the U.S. Securities and Exchange Commission will review crypto guidance, Usual pledged up to $16M in bug bounties, a PoisonSeed phishing campaign, FTX repayment plan troubles and a Coinbase 2FA error.

More from Bank Info Security 11 Apr 2025, 4:30 a.m. America Bug Bounty Cryptocurrency MFA Phishing

Threat actors are continuing to upload malicious packages to the npm registry so as to tamper with already-installed local versions of legitimate libraries to execute malicious code in what's seen as a sneakier attempt to stage a software supply chain attack

More from The Hacker News 11 Apr 2025, 12:58 a.m. Cryptocurrency Malicious Code Microsoft Node.js Supply Chain Threat Actor

Threat actors have been observed distributing malicious payloads such as cryptocurrency miner and clipper malware via SourceForge, a popular software hosting service, under the guise of cracked versions of legitimate applications like Microsoft Office

More from The Hacker News 9 Apr 2025, 4:07 a.m. Cryptocurrency Malicious Payload Malware Microsoft Microsoft Office .NET Threat Actor

A malicious campaign dubbed PoisonSeed is leveraging compromised credentials associated with customer relationship management (CRM) tools and bulk email providers to send spam messages containing cryptocurrency seed phrases in an attempt to drain victims' digital wallets

More from The Hacker News 7 Apr 2025, 7:29 p.m. Compromise Credentials Cryptocurrency Email Exploit Spam Victims