#security News

BitPay's Pristine Data Security Standards Rewarded, Completes SOC 2 Compliance Review

BitPay’s Pristine Data Security Standards Reflected in Completion of SOC 2 Compliance Review

October 1, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Bitpay, a leading United States-based bitcoin (BTC) payments processor, has announced the successful completion of its Service Organization Control 2 (SOC 2) review carried out by Aprio, an award-winning CPA-led business advisory firm based in Atlanta Georgia, according to a press release on October 30, 2019. BitPay Bags SOC 2...

Blending Blockchain and AI may Increase Data Privacy

September 3, 2019 by Edoardo Vecchio at Blockchain

Blockchain and AI together can bring substantial benefits to society. The combination of the two disruptive technologies may allow users to verify the correct usage of the data they had shared with tech companies and potentially identify anomalies more easily. This according to a news report from Forbes, September 3,...

Case for Privacy Coins Amplified by Hong Kong Protests

August 12, 2019 by Ashwath Balakrishnan at Altcoins

The Hong Kong protests have millions of individuals rallying against the government's efforts to pass the Fugitive Offenders Extradition bill. In an article by Forbes, August 11, 2019, it was revealed that the central government used Chinese servers to launch a denial of service attack on Telegram to apprehend those...

Litecoin Witnesses a Dusting Attack, Perpetrators Trying to Deanonymize Users

August 10, 2019 by Ashwath Balakrishnan at Altcoins

Litecoin has recently been targeted by malicious actors who have sought to break on-chain privacy through a dusting attack. As explained by Binance Vision, the education wing of the exchange, a dusting attack occurs when hackers send dust (an amount below the current average fee) to the personal account of...

Blockchain and Biometrics: Synergizing Decentralization with Personalized Security

July 29, 2019 by Ashwath Balakrishnan at Blockchain

Biometrics has developed into a key frontier of personal security in the last 10 years. Notably, experts believe the industry will grow by 20 percent on a year to year basis for the next five years at least. However, leaked biometric information can lead to a breakout of security vulnerabilities...

Swedish Cryptocurrency Exchange Experiences Security Breach

July 23, 2019 by Anthonia Isichei at Tech

QuickBit cryptocurrency exchange recently experienced a data breach, which affected about two percent of its customers. In an updated report on July 22, 2019, the company said the breach was as a result of a third-party system upgrade, but customers’ accounts and transactions were still safe and intact. Third-Party System...

A Security on Bitcoin’s Lightning Network Could Protect Users from Thieves

July 16, 2019 by Edoardo Vecchio at Bitcoin

In the last research report published on July 15, 2019, Bitmex analyzes the Bitcoin Lightning Network with respect to channel closure. The research is focused on a mechanism called “Justice Transactions” that punish dishonest parties and prevent them from stealing funds from other Lightning channels. According to the report, 241...

New York City College Struck by Ransomware, $1.9 Million in Bitcoin Demanded

July 15, 2019 by Ashwath Balakrishnan at Bitcoin

Munroe College in Manhattan has been hit by a ransomware attack that has shut down the college's computer systems. The hackers are demanding 170 bitcoin (BTC), which is roughly $1.9 million. The malware infection came to light on the morning of July 10, but the specifications of the infection are...

Android Malware Attack Crying Bug Green Red

Hackers Planting Cryptocurrency Mining Malware on Android Smartphones

June 24, 2019 by Ogwu Osaemezu Emmanuel at Cybersecurity, News

Hackers have found a way to exploit loopholes in open Android Debug Bridge (ADB) ports, a client-server program used in the development of Android applications, to mine blockchain-based digital assets. Once a device gets infected, the bad actors can spread the malware to connected devices via Secure Socket Shell (SSH),...

Zero Day Vulnerabilities on Mozilla Targeted Coinbase Employees

June 23, 2019 by Ashwath Balakrishnan at Business

Security researchers at Google and Coinbase discovered a zero day exploit on the Firefox browser that would allow an attacker to remotely execute code on an underlying operating system, as reported by ZDNet, June 18, 2019. First Exploit on Mozilla Since 2016 Firefox is generally considered one of the safest browsers,...

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