Security news aggregator

Latest coverage for Cryptocurrency

Cryptocurrency security covers theft, fraud, ransomware payments, wallet compromise, and blockchain risks involving digital assets and transactions.

7 headlines in this view

Refine the feed

Search across headline titles and summaries.

Tag briefing

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.

Showing 7 most recent headlines Filtered view
Bank Info Security 2 years, 5 months ago

Cryptohack Roundup: FTX Hacker Was a SIM Swapper

Also: AI Fake IDs Pass Crypto Exchange KYC; Treasury and SEC Address Crypto IssuesThis week, SIM swappers were linked to the FTX hack, AI-generated fake IDs likely bypassed crypto KYC checks, the Treasury addressed the illicit use of crypto, the SEC increased crypto oversight, Quantstamp released January's crypto hack statistics, and South Korea introduced a crypto crime law.

PLUS: more glibc vulns discovered; DraftKings hacker sentenced; and a hefty dose of critical vulnerabilities Infosec In Brief The recent indictment of a massive SIM-swapping ring may mean convicted crypto conman Sam Bankman-Fried is innocent of at least one allegation still hanging over his head: The theft of more than $400 million in crypto hacked from wallets belonging to his crypto firm, FTX, just before it declared bankruptcy.…