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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, 4 months ago

Cryptohack Roundup: It's Raining Crypto Fraud

Also: Nigerian Authorities Sue Binance for $79.5 billionThis week, guilty plea in $577M fraud scheme, Nigeria's $79.5B lawsuit, charges in $24M fraud case, $400K Cardex hack, seizure in BitConnect scheme, CluCoin founder sentenced, hacked Phemex funds laundered, Argentina president's fraud charges, new malware for digital wallets and romance scams surge.

'Marstech1' Malware Targets Developers Through GitHub RespositoryNew North Korean malware is targeting cryptowallets with an unconventional command-and-control infrastructure and through malware embedded into a GitHub repository that's apparently the account of a Pyongyang hacker. The implant appears to have emerged late last December.

Devices containing crypto wallets tracked online, then in the real world Indian authorities seize loot from BitConnect crypto-Ponzi scheme Devices containing crypto wallets tracked online, then in the real world India’s Directorate of Enforcement has found and seized over $200 million of loot it says are the proceeds of the BitConnect crypto-fraud scheme.…

Welcome to this week’s Cybersecurity News Recap. Discover how cyber attackers are using clever tricks like fake codes and sneaky emails to gain access to sensitive data. We cover everything from device code phishing to cloud exploits, breaking down the technical details into simple, easy-to-follow insights

PLUS: DOGE web design disappoints; FBI stops crypto scams; Zacks attacked again; and more! Infosec In Brief A security researcher has found that Google could leak the email addresses of YouTube channels, which wasn’t good because the search and ads giant promised not to do that.…