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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 1 year, 8 months ago

Mac Malware Threat: Hackers Seek Cryptocurrency Holders

Lazarus Group in Particular Using Cross-Platform Languages to Hit macOS TargetsCryptocurrency-seeking hackers are increasingly targeting macOS users. So warn security researchers as they track a rise in macOS backdoors and information-stealing malware, much of which traces back to a well-known cryptocurrency heist culprit: North Korea.

Bank Info Security 1 year, 8 months ago

Cryptohack Roundup: US Claws Back Stolen Crypto

Also: Truth Terminal Founder Social Media Hack Inflates Fraudulent TokenThis week, a Truth Terminal founder hack, U.S. recovered stolen crypto, TeamTNT resurfaced, former FTX exec Nishad Singh avoided prison, a possible SEC's X account hacker plea deal, Tether reported to be under investigation, trends in digital assets enforcement and pending Dutch crypto legislation.

Cybersecurity researchers have warned of a spike in phishing pages created using a website builder tool called Webflow, as threat actors continue to abuse legitimate services like Cloudflare and Microsoft Sway to their advantage