#cybersecurity

These Flaws Make Cryptocurrency Exchanges Vulnerable To Attacks

These Flaws Make Cryptocurrency Exchanges Susceptible to Attacks

July 20, 2018 by Ogwu Osaemezu Emmanuel at Crime, News, wallet

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...

Research: Cryptojacking Incidents on a Steady Decline

July 19, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Crime, Mining, News

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...

Lack of Custodial Services Prevents Institutional Investors from Diversifying into Cryptocurrencies

July 12, 2018 by Shaurya Malwa at Altcoins, Bitcoin, Finance, News

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...

Rakhni Virus Updates To Deploy Cryptocurrency Mining Software And Ransomware

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

July 10, 2018 by Shaurya Malwa at Bitcoin, News

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...

Japanese Man Confined Behind Bars for Illegal Mining of Cryptocurrency

July 6, 2018 by Pratik Makadiya at Crime, News

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...

Research: 46 Percent of Unauthorized Cryptocurrency Mining Circumvents Antivirus Software

July 5, 2018 by Shaurya Malwa at Altcoins, Mining, News

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...

Illicit Cryptocurrency Mining Affects Thousands of Most-Visited Websites

June 30, 2018 by Shaurya Malwa at Crime, Mining, News

The rise of cryptocurrencies as an asset class has propelled the burgeoning of related businesses like wallet services, cryptocurrency exchanges, and the mining sector. However, the space is filled with beneficiaries and bad actors alike, as revealed by research from a U.S.-based company. U.S. “.com” Domains Most Affected On June...

Bitfi and McAfee Announce ‘Unhackable’ Crypto Wallet

June 21, 2018 by Kieran Smith at Altcoins, Bitcoin, Ethereum, News, Tech

John McAfee, the man behind the infamous uninstallable anti-virus software, has formed a partnership with hardware wallet company Bitfi to launch what he calls the “First Truly Unhackable and Open Source Crypto Wallet.” McAfee Collaborates with Bitfi to Produce a 100 Percent Secure, User-friendly Wallet This is a bold claim...

Hackers Target Infrastructure and Weak Security to Steal Cryptocurrencies

June 15, 2018 by Cindy Huynh at Altcoins, Bitcoin, Crime, News, Tech

Carbon Black, a predictive cloud security service, recently published a report demonstrating that $1.1 billion worth of cryptocurrency-thefts occurred in the last six months. Security Experts Weigh in Unfortunately, most of these thefts came from an attack on a cryptocurrency exchange or business. TechWire mentioned that hackers often hide malware...

Robbers Demand $1 Million in Ripple as Ransom After Stealing Banks’ Customer Data

June 1, 2018 by Shaurya Malwa at Altcoins, Crime, News, Tech

Two Canadian banks were in for a fix on May 28, 2018, after hackers gained access to account holders’ personal information, and threatened to sell it to interested parties unless a ransom was paid in XRP, Ripple’s native token. Hackers Infiltrate Bank Systems with Ease According to a report, Simplii...

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