ICE PHISHING: Microsoft has warned of emerging threats in the Web3 landscape, including “ice phishing” campaigns, as a surge in adoption of blockchain and DeFi technologies emphasizes the need to build security into the decentralized web while it’s still in its early stages. The company’s Microsoft 365 Defender Research Team called out various new avenues through which malicious actors may attempt to trick cryptocurrency users into giving up their private cryptographic keys and carry out unauthorized fund transfers. One aspect that the immutable and public blockchain enables is complete transparency, so...
Blockchain analysis shows that funds paid in extortion are laundered through services primarily catering to Russian users. Recently published research by Chainalysis shows that a staggering 74% of all ransomware revenue went to threat actors affiliated with Russia last year. In other words, around $400 million worth of cryptocurrency ended up filling the pockets of cyber criminals connected to Russia in some form. Unsurprisingly, researchers claim that Moscow’s financial district plays a critical role in soliciting money laundering activities for cybercriminals. How do they know? Researchers tie specific ransomware strains to...
As Russia continues to amass troops at the border, resistance groups have seen a surge in crypto donations. CRYPTOCURRENCY MAY NEVER have fulfilled its promise as the quotidian currency for buying a cup of coffee. But it’s proven to be a powerful, regulation-resistant means of sending large amounts of money anywhere in the world. That now includes war zones—or more specifically, Ukraine, a country whose long-burning, limited war with Russia and pro-Russian separatists may be about to rapidly expand. Cryptocurrency payments to military and hacktivist groups in Ukraine aimed at countering Russian aggression against...
Crypto.com shared new details about a recent hack on its platform last weekend in a statement on its website today, saying 483 of its users were affected and that unauthorized withdrawals of over $15 million worth of ETH, $19 million worth of BTC, and $66,200 in “other currencies” occurred. The total losses, worth over $34 million at current cryptocurrency values, are even higher than what analysts had predicted before Crypto.com released its statement. The company’s post-mortem comes just one day after CEO Kris Marszalek acknowledged the breach in an interview with Bloomberg TV....
Lots of people “run Linux” without really knowing or caring – many home routers, navigational aids, webcams and other IoT devices are based on it; the majority of the world’s mobile phones run a Linux-derived variant called Android; and many, if not most, of the ready-to-go cloud services out there, rely on Linux to host your content. But plenty of users and sysadmins don’t just “use Linux”, they’re responsible for hundreds, thousands, perhaps even millions of other people’s desktops, laptops and servers on which Linux is running. Those sysadmins...
It’s ten years since the first official cyber-terrorist attack of a crypto exchange, and despite technological advances, most cryptocurrency entities have not yet been able to develop sufficiently reliable security systems to minimize security breaches on their platforms. Cyber-terrorists are taking more advantage of security gaps every year. Beyond security breaches, there are various types of fraudulent schemes that have provided a way for bad actors to gain value from unsuspecting victims, such as exit scams and Ponzi schemes. Crystal has compiled a full and detailed report of all security breaches, fraudulent activity,...
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