Info Security Magazine
4 years ago
Falling Cryptocurrency Market Stalling Cybercrime Activity
Falling cryptocurrency prices are making it harder for threat actors to monetize their attacks
Security news aggregator
Latest coverage for Cryptocurrency
Cryptocurrency security covers theft, fraud, ransomware payments, wallet compromise, and blockchain risks involving digital assets and transactions.
7
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 7 most recent headlines
Filtered view
Dark Reading
4 years ago
Is Cryptocurrency's Crash Causing Headaches for Ransomware Gangs?
Bitcoin is down more than 70% from its highs late last year, causing disruptions for cybercriminals and the underground exchanges that fuel the dark markets.
Bleeping Computer
4 years ago
CoinPayments to shut down in US — 5 days left to withdraw funds
Global crypto payments gateway, CoinPayments.net is ceasing operations in the United States soon and has advised users to withdraw their assets before July 19th, 2022. The short notice given by the exchange via a private email left some customers suspecting if this was an "exit scam" or another mysterious incident. [...]
Bleeping Computer
4 years ago
$8 million stolen in large-scale Uniswap airdrop phishing attack
Uniswap, a popular decentralized cryptocurrency exchange, lost close to $8 million worth of Ethereum in a sophisticated phishing attack yesterday. [...]
Bleeping Computer
4 years ago
Hackers stole $620 million from Axie Infinity via fake job interviews
The hack that caused Axie Infinity losses of $620 million in crypto started with a fake job offer from North Korean hackers to one of the game's developers. [...]
Threat Post
4 years ago
Popular NFT Marketplace Phished for $540M
In March, a North Korean APT siphoned blockchain gaming platform Axie Infinity of $540M.
The Hacker News
4 years ago
Cloud-based Cryptocurrency Miners Targeting GitHub Actions and Azure VMs
GitHub Actions and Azure virtual machines (VMs) are being leveraged for cloud-based cryptocurrency mining, indicating sustained attempts on the part of malicious actors to target cloud resources for illicit purposes