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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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Security firm Coinspect has disclosed a crypto wallet flaw it calls Ill Bloom, and attackers are already using it. The flaw is in how some wallet software generated its recovery phrase, the words that control the money. When that phrase is made with weak randomness, an attacker can work it out and take everything it controls

Also: Binance Eyes More Asia Licenses, India Pushes Fresh Crypto CurbsThis week, the U.S. Securities and Exchange Commission eyes July for a crypto rule proposal, Binance anticipates more Asian business, Malaysia seized 75,000 crypto mining rigs, India's central bank shooed away banks from crypto, and Interpol helped sweep crypto launderers.

Spain arrested a suspected CARR and Z-Pentest collaborator in an FBI-led probe for aiding pro-Russian hackers, coordinating attacks, and using crypto. Spanish National Police arrested a man in Palencia last March on charges of membership in and collaboration with a terrorist organization, glorifying terrorism, and computer damage. The investigation, carried out jointly with the FBI, […]

Security Affairs 1 week, 5 days ago

SECURITY AFFAIRS MALWARE NEWSLETTER ROUND 104

Security Affairs Malware newsletter includes a collection of the best articles and research on malware in the international landscape Malware Newsletter Hijacked npm Packages Use Novel VSCode Autorun and Blockchain Dead Drops to Deploy a Credential/Crypto Stealer   Building a CI/CD pipeline for Sigma rules   Inside StegoAd: How a Threat Actor Evolved to Fuel Silent Ad […]