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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. Booming Crypto Markets Bring Out Cybercriminals Despite the ongoing Covid pandemic still leading […]Powered by WPeMatico
Former U.S. President Donald Trump says he does not like bitcoin because it is a currency that competes with the dollar, which he wants to be the currency of the world. He calls bitcoin a scam and wants cryptocurrency to be very heavily regulated. Trump Thinks Bitcoin Is a Scam, Wants Heavy Regulation on Crypto […]Powered by WPeMatico
A new report commissioned by the U.S. secret services unveiled what happened behind the attack launched by North Korean hackers against a South Korean crypto exchange. The case is about a breach on June 29, 2017, which exposed data tied to over 30,000 customers stemming from Bithumb. Hackers Threatened to ‘Destroy’ Data and Cryptos Stolen […]Powered by WPeMatico
Romanian authorities pursued an operation that left a person detained for the individual’s alleged involvement in a case of stealing from a cryptocurrency exchange. The investigation revealed that the unnamed trading platform company is located in the Cayman Islands. Over $620,000 Stolen During the Cyberattack According to the prosecutors of the Directorate for the Investigation […]Powered by WPeMatico
The U.S. Department of Justice (DOJ) unsealed new charges against the North Korean state-sponsored Lazarus Group. The hackers are allegedly responsible for stealing over $1.3 billion in cryptocurrencies and fiat during coordinated cyber-heists. North Korean Hackers Also Developed and Deployed Malicious Crypto Apps According to the announcement, law enforcement expanded charges to Park Jin Hyok, […]Powered by WPeMatico
A panel of experts at the United Nations says that North Korea has amassed $316 million in cryptocurrencies from various cyberattacks on crypto exchanges and financial institutions. The panel also investigated North Korea’s involvement in the $281 million hack of a crypto exchange. UN Expert Panel Sheds Light on North Korea’s Cyberattack Activities A United […]Powered by WPeMatico
North Korea targets its Southern neighbours the most with cyberattacks
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Even though cryptocurrencies tend to attract a lot of positive attention, there are some worrisome trends in this industry as well. With over $1.7 billion worth of cryptocurrencies having been lost or stolen since 2011, it is evident there is a lot of work to be done. Turning this situation around will prove to be challenging in many ways, though. The Issues With Cryptocurrencies It has become painfully evident that vast amounts of cryptocurrency have been lost in the past few years. More specifically, there have been numerous hacks, thefts, cyber attacks, and sheer mistakes which cost people a lot ofPowered by WPeMatico
Our entire society is almost completely dependent on electronics and cyberinfrastructure. As such, we’ve seen an uptick in the number of cyberattacks executed against companies, governments, and other entities. The Pentagon is now mulling a rather harsh response if such attacks were to occur in the future. More specifically, it’s considering retaliating with nuclear weapons. This is a very worrisome and disturbing development, but it has thankfully not been approved just yet. The Pentagon’s Plan is Disturbing No one will deny that the number of cyberattacks on a global scale continues to grow every single year. Criminals are no longer just targeting online shopping portalsPowered by WPeMatico