Cryptocurrency security covers theft, fraud, ransomware payments, wallet compromise, and blockchain risks involving digital assets and transactions.
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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.
Cybersecurity researchers have uncovered a new malware campaign targeting Linux environments to conduct illicit cryptocurrency mining
Nastyware seeks creds, mines crypto, and plants ransomware that isnt deployed - for now? An unknown attacker is exploiting weak passwords to break into Oracle WebLogic servers and deploy an emerging Linux malware called Hadooken, according to researchers from cloud security outfit Aqua.…
The FBI says that 2023 was a record year for cryptocurrency fraud, with total losses exceeding $5.6 billion, based on nearly 70,000 reports received through the Internet Crime Complaint Center (IC3). [...]
Also: Angel Drainer Resurfaces; Russia's Sanctions Evasion PloyThis week, Indodax was hacked, Angel Drainer resurfaced, Russia developed Infra crypto, GS Partners settled with U.S. states, Caroline Ellison to be sentenced Sept. 24, FCA prosecuted first unregistered crypto case, Nigeria set new crypto regulations, and India may approve offshore crypto firms.
Internet-exposed Selenium Grid instances are being targeted by bad actors for illicit cryptocurrency mining and proxyjacking campaigns
The Federal Bureau of Investigation's Internet Crime Complaint Center (IC3) reported a 45% increase in cryptocurrency-related scams in 2023
Elderly people report the greatest losses The FBI just dropped its annual report examining the costs of crypto-related cybercrime, painting a predictably grim picture as total losses in the US exceeded $5.6 billion in 2023 – a 45 percent year-on-year increase.…
Victims Reported $5.6 Billion in Financial Losses Associated With Crypto SchemesThe FBI's Internet Crime Complaint Center on Monday issued a report revealing victims filed more than 69,000 public complaints related to cryptocurrency fraud and $5.6 billion in financial losses in 2023, while investment scams made up the bulk of losses throughout the year.
Android device users in South Korea have emerged as a target of a new mobile malware campaign that delivers a new type of threat dubbed SpyAgent
Plus: Trump family X accounts hijacked to promote crypto scam; Fog ransomware spreads; Hijacked PyPI packages; and more Infosec in brief After activating its chameleon field and going to ground following press attention earlier this year, the dangerous Predator commercial spyware kit is back – with upgrades.…