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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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Krebs on Security 2 years, 10 months ago

Kroll Employee SIM-Swapped for Crypto Investor Data

Security consulting giant Kroll disclosed today that a SIM-swapping attack against one of its employees led to the theft of user information for multiple cryptocurrency platforms that are relying on Kroll services in their ongoing bankruptcy proceedings. And there are indications that fraudsters may already be exploiting the stolen data in phishing attacks. Cryptocurrency lender BlockFi and the now-collapsed crypto trading platform FTX each disclosed data breaches this week thanks to a recent SIM-swapping attack targeting an employee of Kroll -- the company handling both firms' bankruptcy restructuring.

Developers are not the only people who have adopted the agile methodology for their development processes. From 2023-06-15 to 2023-07-11, Permiso Security’s p0 Labs team identified and tracked an attacker developing and deploying eight (8) incremental iterations of their credential harvesting malware while continuing to develop infrastructure for an upcoming (spoiler: now launched) campaign

Titan Global Capital Management to pay $1m to those it advised without admitting fault A New York fintech biz is set to pay $1 million in fines under a US Securities and Exchange Commission order that claims it advertised "annualized" returns on Titan Crypto of up to 2,700 percent, a number based on a "purely hypothetical account."…