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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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Credential and cryptocurrency theft, live surveillance, ransomware - an attacker's Swiss Army knife A new remote access trojan (RAT) being sold on cybercrime networks enables double extortion attacks on Windows machines by bundling ransomware and data theft, along with credential and cryptocurrency stealers, live surveillance, and a whole host of other illicit capabilities, all controllable from a centralized dashboard.…

Bank Info Security 4 months, 3 weeks ago

Cryptohack Roundup: Step Finance Shuts Down After Exploit

Also: IoTex Bridge Exploit Linked to Private Key BreachThis week, Step Finance shuts down, IoTeX bridge exploit, Russia-linked exchanges help evade sanctions, Australian charged in $3.5 million scam, a hacker returned $21 million in seized bitcoin to South Korean prosecutors and Malaysia arrested 12 police officers in an extortion case.

Cybersecurity researchers have disclosed what they say is an active "Shai-Hulud-like" supply chain worm campaign that has leveraged a cluster of at least 19 malicious npm packages to enable credential harvesting and cryptocurrency key theft