cybersecurity

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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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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Intel Partners With Microsoft to Combat Cryptojacking Attacks by Deploying a Threat Detection Tool

<div class=”featured_image_container”> </div> <strong>Although recent studies have been showing a slowdown in cryptojacking activities, especially the ones related to mining privacy coins, Intel remains on the hunt to crackdown on such activities. The tech giant has partnered with Microsoft to deploy a campaign that strengthens cryptojacking detection with new technologies.</strong> Tool Could Trigger Multiple Detectors …

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Cryptojacking Activity Decreased for the First Time Since 2018, Says Intelligence Report

<div class=”featured_image_container”> </div> <strong>Cryptojacking activity seems to be losing momentum, specifically types that mine monero, as a recent report unveiled a slowdown in the illicit crypto-mining activities in the cloud. A threat intelligence firm compiled the results.</strong> Report Focused on Cryptojacking Incidents With Monero According to Unit 42 in their “Cloud Thread Report,” cryptojacking attacks …

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Former US Director of cybersecurity: Crypto ransomware ‘running wild’

Former Department of Homeland Security official Christopher Krebs called for greater governmental oversight of cryptocurrency in an interview yesterday, saying that anonymous payments are a threat “the average American is concerned about.”  In an interview on Late Night with Bill Maher, Maher asked the former U.S. Cybersecurity & Infrastructure Security Agency director about his thoughts …

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Default auditing for DeFi projects is a must for growing the industry

The radical opportunity presented by decentralized finance has garnered significant attention from investors and speculators alike. The total value locked in DeFi protocols grew over 2,500% in 2020, from around $700 million in January 2020 to over $20 billion in December 2020. TVL is a more useful metric than market capitalization when it comes to …

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Study Finds Cryptocurrency Scams Surged 40% in 2020, Forecasts an Increase of 75% in 2021

<div class=”featured_image_container”> </div> <strong>A new study revealed that cryptocurrency-related scams almost doubled over the last year. However, forecasts are not optimistic going forward, as the report forecasts another significant increase in the number of cases in 2021.</strong> Research Scanned Over 300 Million Websites According to the “Cryptocurrency Scam Report” published by fraud prevention company Bolster …

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Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report

<div class=”featured_image_container”> </div> <strong>A new report unveiled a growing trend of efforts from cybercriminals hiding their stolen cryptocurrencies through different transaction flows. Crystal Blockchain pointed out that since 2019, the volume of stolen bitcoin grew significantly.</strong> Only 8% of the Funds Were Transferred to Exchanges With Verification Procedures in 2020 Per the findings, in 2020, …

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Japanese Authorities Say the Majority of People Involved in Coincheck’s 2018 Hack Are Individuals With ‘High Social Status’

<div class=”featured_image_container”> </div> <strong>More details keep appearing from the police investigation into the 2018 Coincheck hack that stole $530 million from the crypto exchange. Japanese authorities revealed that most of the individuals involved have a “high social status.”</strong> One of the Individuals Took Part in a NEM Swap Deal Is Worth $64 Million According to …

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Belgium Energy Minister’s Twitter Account Hacked- Fake Ethereum Giveaway Advertised

<div class=”featured_image_container”> </div> <strong>The official Twitter account of Belgium’s Minister of Energy was the recent victim of a high-profile hacking incident. Tinne Van der Straeten’s profile was hacked to promote a bogus giveaway of ethereum tokens.</strong> Hacked Twitter Accounts Whoever was behind the incident changed the minister’s verified profile to “Ethereum Foundation” to make it …

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