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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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Customer data collection and retention requirements also increased, including for crypto operators India's Computer Emergency Response Team (CERT-In) has given many of the nation's IT shops a big job that needs to be done in a hurry: complying with a new set of rules that require organizations to report 20 different types of infosec incidents within six hours of detection, be they a ransomware attack or mere compromise of a social media account.…

More from The Register 29 Apr 2022, 10:46 p.m. Compromise Cryptocurrency Incident India Ransomware Report Social Media
The Register 4 years, 2 months ago

Cloudflare stomps huge DDoS attack on crypto platform

At 15.3 million requests per second, the assault was the largest HTTPS blitz on record lasting 15 seconds Cloudflare this month halted a massive distributed denial-of-service (DDoS) attack on a cryptocurrency platform that not only was unusual in its sheer size but also because it was launched over HTTPS and primarily originated from cloud datacenters rather than residential internet service providers (ISPs).…

More from The Register 29 Apr 2022, 3:30 a.m. Cloud Cloudflare Cryptocurrency DoS Service Provider

Check Point uncovers web vulnerability that could have led to cryptocurrency theft A flaw detected in the browser version of the Ever Surf cryptocurrency wallet could have given hackers who exploited it full control over a targeted user's wallet, say threat hunters at Check Point Research.…

More from The Register 26 Apr 2022, 3:30 a.m. Check Point Cryptocurrency Flaw Research Theft Vulnerability