#cybersecurity

UK Cybercrime Authority Lists “Cryptojacking” As Serious Threat

“Worse Than Ransomware”: How Illegal Crypto Miners Made Over $100 Million

May 26, 2018 by Priyeshu Garg at Altcoins, Commentary, Mining, News, Tech

Driven by a sustained rise in adoption and stability of cryptocurrencies like bitcoin, monero, and ethereum, criminal gangs, and hackers around the world are increasingly flocking to illegal cryptocurrency mining as their new growth market. The trend was revealed by Helge Husemann, Malwarebytes EMEA Product Manager while speaking at the...

Forensic Analysis of the Verge Cryptocurrency Hack

May 24, 2018 by Priyeshu Garg at Altcoins, Commentary, News, Tech

In the space of fewer than two months, Verge has suffered two high-profile cryptocurrency hacks. In April, news broke out that hackers had commandeered the network, successfully compromising the system and earning all the block mining rewards within a specific timeframe. In the aftermath of the hack, the development team...

Ethereum Miners Mass Targeted by Satori Botnet Attack

May 20, 2018 by Shaurya Malwa at Crime, Ethereum, News

The rising value of cryptocurrency has undeniably lured hordes of people towards investing in the risky asset class, with the technically-informed going one step ahead to set up their own “mining rigs.” Hackers are not far behind, however, and often infiltrate computing systems to mine cryptocurrencies for themselves. After Browser...

MEWKit: New Malware Drains Ethereum Wallets Automatically

May 19, 2018 by Priyeshu Garg at Ethereum, News, Tech

According to security research firm, RiskIQ, a criminal group has devised a phishing attack that uses Automated Transfer System (ATS) to empty MyEtherWallet (MEW) Ethereum wallets without detection. MEWKit Phishing Attack MEWKit is the name of the new phishing campaign that imitates the front end of the MyEtherWallet (an open...

A figure sits in front a computer screen while a shadowy entity is peering over the table with a stash of bitcoin next to it

Don’t Be the Weakest Link in the Blockchain: Shira Rubinoff Talks Cybersecurity in 2018

May 17, 2018 by Liam J Kelly at Interviews, News

As Shira Rubinoff earned her expertise through navigating cybersecurity issues in the early 2000s, she has developed a keen eye for system weaknesses. While initially daunting from a technical standpoint, you’ll soon find out that in many cases it’s the human factor that ends up being the weakest link in...

Bytecoin: The Cryptocurrency Scam that Resembles a Black Hole

User Discovers Hidden Bytecoin Mining Code in Ubuntu App

May 15, 2018 by Pratik Makadiya at Altcoins, Crime, Mining, News, Tech

A Github user by the title of “tarwirdur” reported an app (now removed), hosted on the Ubuntu Snap Store that contained hidden cryptocurrency code for mining Bytecoin tokens. The app on which the malicious code was found was the 2048buntu app which is a replica of the 2024 game also...

Cryptojacking Surges 10,000 Percent in Sweden During Q4 2017

Cryptojacking Strikes Again! Hackers Target Government Websites to Mine Monero

May 8, 2018 by Shaurya Malwa at Altcoins, Commentary, News, Tech

Cryptojacking, the novel hacking process which inflicts a victim’s computer with code to mine cryptocurrency, is evidently on the rise as hackers have targeted hundreds of popular websites with fraudulent software to mine the fungible digital coin monero (XMR). “Cryptojacking” A Sophisticated Crime In 2018 alone, thousands of users have...

Cryptocurrency Virus Threatens Facebook Users, Gets Shut Down Before Causing Damage

May 3, 2018 by Shaurya Malwa at Altcoins, Commentary, News, Tech

The fully-digital nature of cryptocurrencies makes the asset class highly susceptible to online crimes, phishing, and the computer industry’s most dreaded threat; hacking. As the popularity of digital asset continues to grow, hackers and cyber-thieves find new, innovative methods to steal cryptocurrencies, usually without alerting the victim in any manner....

Coinsecure Cryptocurrency Exchange Heist Victims to Wait Indefinitely for Refunds

May 3, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News

April 13, 2018, was undoubtedly a sad day for one of India’s leading bitcoin exchanges; Coinsecure. Over $3.6 million worth of the world’s leading digital currency was stolen from the firm’s crypto wallet, due to alleged negligence on the part of the exchange’s chief security officer. Now, the company has...

MyEtherWallet Falls Victim to DNS Server Hack: 215 Ether Stolen

April 25, 2018 by Priyeshu Garg at Blockchain, Ethereum, News, Tech

MyEtherWallet (MEW), the most popular Ethereum web-based wallet fell victim to a DNS hack on April 24, 2018. Comments made by wallet users on social media and online crypto forums reveal that funds have indeed been stolen from their wallets. MyCrypto, a rival service to MEW, confirmed the occurrence of...

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