Cryptocurrency security covers theft, fraud, ransomware payments, wallet compromise, and blockchain risks involving digital assets and transactions.
Search across headline titles and summaries.
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.
Bitcoin bridge biz offers 10 percent reward to attackers if they play nice Blockchain company Garden admits it was compromised and temporarily shut down its app after approximately $11 million worth of assets were stolen.…
Also: LastPass Warns of Phishing Campaign, Trump's New CTFC Head PickEvery week, Information Security Media Group rounds up cybersecurity incidents in digital assets. This week, Meteora CEO faced fraud allegations, LastPass warned of a phishing campaign, Trump taps crypto lawyer to lead CFTC, Mt. Gox delayed creditor repayments again and an Indian court blocked WazirX from using customer funds to cover hack losses.
Atroposia is a newly discovered modular RAT that uses encrypted channels and advanced theft capabilities to target credentials and crypto wallets
A surge in fake investment platforms targeting cryptocurrency and forex markets has been driving a new wave of financial crime in Asia
Threat actors tied to North Korea have been observed targeting the Web3 and blockchain sectors as part of twin campaigns tracked as GhostCall and GhostHire
Two campaigns targeting fintech execs and Web3 developers show the APT going cross-platform in financially motivated campaigns that use fake business collaboration and job recruitment lures.