security

Crypto Cyberthreats Spike This Year With Russia Hit the Hardest, Report Reveals

<div class=”featured_image_container”> </div> <strong>Cyberthreats related to cryptocurrencies have increased with rising demand for the digital assets, a study has concluded. Russia, Thailand and Peru are the most affected countries by malicious attacks designed to exploit the heightened interest in decentralized money, the authors point out. </strong> Booming Crypto Markets Bring Out Cybercriminals Despite the ongoing …

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Amazon devices will soon automatically share your Internet with neighbors

Enlarge Amazon If you use Alexa, Echo, or any other Amazon device, you have only 10 days to opt out of an experiment that leaves your personal privacy and security hanging in the balance. On June 8, the merchant, Web host, and entertainment behemoth will automatically enroll the devices in Amazon Sidewalk. The new wireless …

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The remaining steps to mainstream institutional investment

It has been said that you only get one chance to make a first impression. Perhaps the best example of this old adage is the cryptocurrency space.  From exit scams and money laundering, to unaudited code and high carbon footprints, the crypto landscape has spent the better part of the past decade scrubbing itself of …

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SEC begins formal review of Fidelity, SkyBridge Bitcoin ETF applications

A pair of Bitcoin (BTC) ETF applications submitted by Fidelity Investments and SkyBridge Capital are under official review by the United States Securities and Exchange Commission, or SEC, reigniting a long-standing debate about whether regulators will finally approve America’s first crypto-focused ETF. The SEC’s formal review of Fidelity Investments’ application was documented in a May …

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4 vulnerabilities under attack give hackers full control of Android devices

Enlarge Getty Images Unknown hackers have been exploiting four Android vulnerabilities that allow the execution of malicious code that can take complete control of devices, Google warned on Wednesday. All four of the vulnerabilities were disclosed two weeks ago in Google’s Android Security Bulletin for May. Google has released security updates to device manufacturers, who …

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Colonial Pipeline paid a $5 million ransom—and kept a vicious cycle turning

Enlarge Sean Rayford | Getty Images Nearly a week after a ransomware attack led Colonial Pipeline to halt fuel distribution on the East Coast, reports emerged on Friday that the company paid a 75 bitcoin ransom—worth as much as $5 million, depending on the time of payment—in an attempt to restore service more quickly. And …

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Cybersecurity Firm Spots a Crypto Stealer Distributed Through a Massive Email Spam Campaign and Discord Channels

<div class=”featured_image_container”> </div> <strong>A crypto stealer seems to have spread through a massive spam campaign across several countries, including the United States, Australia, Japan, and Germany. The malware dubbed “Panda Stealer” has been spotted by a cybersecurity company. It is reportedly also distributed on Discord channels.</strong> Malware Can Also Steal Data From Telegram and Discord …

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Researchers Spot New Cryptocurrency Stealing Malware Advertised Under a Subscription Model

<div class=”featured_image_container”> </div> <strong>A cryptocurrency-related malware program has been advertised on darknet forums as the “leading way to make money in 2021,” raising alarms among the cybersecurity community. Palo Alto Networks published a report on the malicious app Westeal, detailing the author’s ties with other types of malware that steals major streaming services accounts.</strong> Westeal …

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4,700 Amazon employees had unauthorized access to private seller data

Enlarge Thousands of Amazon employees, including those who developed private-label goods for the e-commerce giant, enjoyed years of access to sensitive third-party seller data, according to a new report. An internal audit in 2015 traced the issue to lax security protocols, including the use of a tool called “spoofer access,” which allowed Amazon employees to …

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Spartan Protocol exploit results in loss of $30M

Spartan Protocol, a liquidity platform for synthetic assets on the Binance Smart Chain, was drained of $30 million in a coordinated attack on its liquidity pool late Saturday.  The exploit targeted a “flawed liquidity share calculation” in the SPARTA/WBNB liquidity pool, which enabled the attacker to withdraw the funds, blockchain security company PeckShield explained. The …

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