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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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Bank Info Security 10 months, 1 week ago

Cryptohack Roundup: El Salvador Splits Bitcoin Reserve

Also: PowerShell-Based Cryptojacking Attack, a Malvertising CampaignThis week, El Salvador split its bitcoin reserve, an Indian court jailed cops for crypto kidnapping, a PowerShell-based cryptojacking attack, a malvertising campaign targeted Android users, a Venus Protocol hack, malware hid in npm packages using smart contracts for evasion and Bunni DEX exploit.

Cybersecurity researchers have discovered two new malicious packages on the npm registry that make use of smart contracts for the Ethereum blockchain to carry out malicious actions on compromised systems, signaling the trend of threat actors constantly on the lookout for new ways to distribute malware and fly under the radar

Bank Info Security 10 months, 2 weeks ago

Law Enforcement Operation Seizes Fake ID Platform VerifTools

FBI Seizes Domains; Dutch Police Analyzing Seized Data to Identify Admin and UsersAn international law enforcement operation involving the FBI and Dutch police has shuttered VerifTools, a "key" platform for generating fake identification documents cops have tied to multiple help desk fraud, cryptocurrency theft and other cybercrime cases.