Security news aggregator

Latest coverage for Cryptocurrency

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

3 headlines in this view

Refine the feed

Search across headline titles and summaries.

Tag briefing

Background for this topic.

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.

Showing 3 most recent headlines Filtered view
Bank Info Security 2 years, 2 months ago

Cryptohack Roundup: Geosyn Fraud Lawsuit

Also: North Korea Money Laundering and South Korean Crypto PoliceThis week, SEC filed suit against Geosyn, prosecutors fought dismissed Tornado Cash charges, analyst tracked North Korean crypto laundering, European Parliament OK'd anti-money laundering law, FBI warned of unregistered crypto entities and South Korea may make crypto investigative unit permanent.

More from Bank Info Security 3 May 2024, 6:00 a.m. Cryptocurrency Europe FBI Fraud Lawsuit Money Laundering North Korea South Korea

A forensic analysis of a graph dataset containing transactions on the Bitcoin blockchain has revealed clusters associated with illicit activity and money laundering, including detecting criminal proceeds sent to a crypto exchange and previously unknown wallets belonging to a Russian darknet market

More from The Hacker News 2 May 2024, 2:25 a.m. Cryptocurrency Dark Web Money Laundering Research Russia
Bank Info Security 2 years, 2 months ago

Career Spotlight: Growing Need for Technology Legal Analysts

High Demand for Experts Who Know Law Plus AI, Blockchain and Internet of ThingsAdvancements in AI, blockchain and the internet of things have caused the demand for professionals who have expertise in those fields as well as in law to skyrocket. There simply are not enough experts equipped with this knowledge, and the gap presents a unique and lucrative career opportunity.

More from Bank Info Security 30 Apr 2024, 5:00 a.m. Artificial Intelligence Cryptocurrency