Cybersecurity – Page 2

Singapore Authorities Raise Concerns Around Crypto Draining Kits

February 1, 2024

Singapore police authority and the Cyber Security Agency of Singapore have raised concerns around cryptocurrency draining kits. In a joint statement, the authorities warned that cybercriminals are increasingly leveraging cryptocurrency drainers and targeting owners of digital wallets. (1/2) As the use of cryptocurrencies become increasingly popular, cybercriminals are also increasingly leveraging crypto drainers to target…
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Gov’t Servers in South Korean City ‘Infected with Crypto Mining Malware’

January 16, 2024

Source: iuliia_n/Adobe Crypto mining malware has been found on two government servers in the South Korean city of Daejeon, an audit has found. Per MBN, the nation’s Ministry of Public Administration and Security commissioned biannual audits of the city government’s servers. During the most recent audit, in June last year, auditors found that Daejeon City’s…
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Cybersecurity Risks in the Cryptocurrency Industry

January 10, 2024

Source: iStock / JuSun The US Securities and Exchange Commission (SEC) social media account being compromised is concerning. Impersonations and hacks are nothing new in the cryptocurrency space but could the hack have been avoided? After the post, the SEC started an internal market manipulation investigation on itself. X, formerly known as Twitter, confirmed the…
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North Korean Lazarus Group Withdraws $1 Million in BTC Using Mixing Service

January 10, 2024

The Lazarus Group, one of the most infamous cryptocurrency hacking collectives, has made one of its largest cryptocurrency withdrawals in over a month. According to Arkham, an on-chain intelligence exchange system, the group withdrew a million dollars worth of bitcoin from one of its addresses, likely using a mixing service. Lazarus Group Moves $1…
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US Space Force Member Proposes Bitcoin’s PoW Systems in Cyberattack Prevention

December 4, 2023

Image by Kaleb, Adobe Stock Jason Lowery, a member of the United States Space Force, has proposed the use of proof-of-work (PoW) networks, like Bitcoin (BTC), as a means to protect the country from cyber-inflicted warfare. In a letter addressed to the US Defense Innovation Board, Lowery emphasized the broad strategic significance of Bitcoin’s technology…
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BIS advises central banks to plan in advance for CBDC security

November 29, 2023

From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider. Issuing a central bank digital currency (CBDC) requires adequate attention to security, the Bank for International Settlements (BIS) reminded central bankers in a report on Nov. 29. An integrated risk-management framework should be…
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US, Britain and other countries ink ‘secure by design’ AI guidelines

November 27, 2023

The guidelines suggest cybersecurity practices AI firms should implement when designing, developing, launching, and monitoring AI models. The United States, United Kingdom, Australia, and 15 other countries have released global guidelines to help protect AI models from being tampered with, urging companies to make their models “secure by design.” On Nov. 26, the 18 countries…
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Australian regulators will compel businesses to report cyberattacks: Report

November 13, 2023

This obligation won’t be backed by a fine if the company fails to comply, and businesses will still be permitted to pay ransoms, though this is discouraged. Australian authorities will oblige local companies to be fully transparent and report any ransomware cyberattacks on their businesses. The country’s economy lost $2.59 billion to cybercrimes in 2021. …
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There’s a Long Way Ahead to Make Crypto Safer: Hexens CEO

September 27, 2023

The cryptocurrency industry continues to evolve at a rapid pace, bringing with it a host of cybersecurity challenges. While almost all cryptocurrencies are secured by cryptography, which makes these digital assets immune to hacks, counterfeit, or double-spend, the industry remains vulnerable to a range of external threats…. Read More: There’s a Long Way Ahead to…
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FTX Restores Full Access to Claims Portal After Cybersecurity Breach

September 17, 2023

The portal allowing FTX customers to file claims with the bankrupt cryptocurrency exchange is again fully operational after a recent security incident. User accounts that were affected by the breach in August have been unfrozen, the failed crypto trading company announced. Crypto Exchange FTX Ups Security on Claims Portal Following Kroll Incident The FTX claims…
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Category: Cybersecurity