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BlockchaINVEST • January 7 - March 11, 2019

At BlockchaInvest, international blockchain companies and crypto projects looking to raise capital meet local investors and fund managers in a…

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Tag: cybersecurity

Report: No Correlation Between Crypto Mining Attacks and Legal Status of Cryptocurrency in the Country

Category: Altcoins, Business, Finance, News, Tech

Report: No Correlation Between Crypto Mining Attacks and Legal Status of Cryptocurrency in the Country

The growing popularity of cryptocurrencies has forced cybercriminals to invest resources in the development of more robust mining technologies to replace the typical ransomware Trojans, reports Kaspersky Lab’s cyber threat research arm Securelist, November 28, 2018. Cryptojacking Almost as Famous as Ransomware Attacks A cybersecurity bulletin titled “Story of the year: miners” talks about the emerging trends among the cybercriminals…

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Alaskan City of Valdez Pays off Bitcoin Ransom After Four Months

Category: Bitcoin, Blockchain, Mining, News, Platform, Regulation, Tech

Alaskan City of Valdez Pays off Bitcoin Ransom After Four Months

Officials from the City of Valdez are in the final phases of recovering information from its servers after four months of it being held by cyber-criminals demanding a bitcoin ransom, KTUU reported on November 18, 2018. Cyberattack That Held City’s Info for Ransom in Final Recovery Phase A small Alaskan town of Valdez became the victim of a malicious cyber-attack…

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Japanese Cybersecurity Company Partners With ConsenSys to Detect Vulnerabilities on Smart Contracts

Category: Altcoins, Blockchain, Business, Ethereum, News, Tech

Japanese Cybersecurity Company Partners With ConsenSys to Detect Vulnerabilities on Smart Contracts

On November 8, 2018, Global cybersecurity firm NRI Secure Technologies (NRI ST) in collaboration with Ethereum-focused development studio ConsenSys has launched a new product dubbed Blockchain Security Monitoring Service.  The infant service will monitor and track vulnerabilities present in information systems and services that use blockchain technology. ConsenSys’ Role in This Venture To begin with, the product will be used…

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Global Security Company G4S Branches out into Cryptocurrency Storage

Category: Altcoins, Blockchain, Exchange, News, Platform, Tech

Global Security Company G4S Branches out into Cryptocurrency Storage

U.K.-based multinational security services company G4S has developed a new service offering high-security offline storage for cryptocurrencies, the company announced in a press release published on October 16, 2018. G4S Announces High-Security ‘Vault Storage’ for Holding Crypto With the rise in the popularity and value of cryptocurrencies around the world in recent years, many mainstream security firms have realized the…

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These Flaws Make Cryptocurrency Exchanges Susceptible to Attacks

Category: Crime, News, wallet

These Flaws Make Cryptocurrency Exchanges Susceptible to Attacks

It is a proven fact that the blockchain has an impressive 99.64 percent reliability. However, the same can’t be said of cryptocurrency exchanges. Amidst that backdrop, Sameer Dixit, the Senior Director of Security Consulting at Spirent Communications, has identified some characteristic flaws of crypto exchanges which must be tackled to shield the over $350 billion cryptocurrency industry from more heists…

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Research: Cryptojacking Incidents on a Steady Decline

Category: Bitcoin, Crime, Mining, News

Research: Cryptojacking Incidents on a Steady Decline

While crypto enthusiasts pray for the bulls to reign at all times, sometimes a bearish trend comes with cool advantages. Per recent research findings, cryptojacking has become less lucrative for ‘cryptojackers’ due to the current market slump, leading to a sharp decline in occurrences of the illegal act. Meager Rewards According to a research report by Malwarebytes, a cybersecurity firm…

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Lack of Custodial Services Prevents Institutional Investors from Diversifying into Cryptocurrencies

Category: Altcoins, Bitcoin, Finance, News

Lack of Custodial Services Prevents Institutional Investors from Diversifying into Cryptocurrencies

A compelling lack of safekeeping services for cryptocurrencies is preventing institutional investors from diversifying their portfolios to include the volatile asset class. Currently, only Coinbase and Kingdom Trust provide custodial services. Lack of Trust On July 9, 2018, traditional finance publication, Pension and Investments, asserted that market movers and billionaire investors seek international custody houses and long-standing banks over cryptocurrency…

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Rakhni Virus Updated to Deploy Cryptocurrency Mining Software and Ransomware on Victims’ Computers

Category: Bitcoin, News

Rakhni Virus Updated to Deploy Cryptocurrency Mining Software and Ransomware on Victims’ Computers

Identified as a top cyber-threat in 2013, the nefarious Rakhni ransomware will not be left behind and is now infiltrating computers with fraudulent cryptojacking software. Updated Rakhni Targets Cryptocurrency On July 6, 2018, cybersecurity website Bleeping Computer reported unauthorized activities conducted by the Rakhni ransomware on PCs identified to be those of cryptocurrency users.  The revelation comes after Kaspersky Lab…

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Japanese Man Confined Behind Bars for Illegal Mining of Cryptocurrency

Category: Crime, News

Japanese Man Confined Behind Bars for Illegal Mining of Cryptocurrency

A 24-year-old man in Japan has been put behind bars for using unlawful means to mine cryptocurrencies. The delinquent had been sending malware to his targets to gain access to victims’ computer processing power. His conviction indicates that Japan is taking such crimes seriously, a trend that other countries are likely to follow. Wrongdoer Targeted Gamers The young man, whose…

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Research: 46 Percent of Unauthorized Cryptocurrency Mining Circumvents Antivirus Software

Category: Altcoins, Mining, News

Research: 46 Percent of Unauthorized Cryptocurrency Mining Circumvents Antivirus Software

Cryptojacking continues to be classified as a rising threat in the cybersecurity domain. After considering infiltrated browser systems, miners, macOS’, social groups, and even cellphones, reports suggest over 98.8 percent of unauthorized cryptocurrency mining takes place on Linux-based software. Cryptocurrency Mining an “Advanced, Major Concern” A report by industry observer WatchGuard Technologies on July 2, 2018, confirmed that cryptojacking is…

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