Bug bounties have emerged as one of the key ways for companies to prevent catastrophic hacks. In the past decade, hacking gradually became a respectable and potentially rewarding career thanks to the introduction of bug bounties. While some organizations like Mozilla launched bug bounties all the way back in 2004, major impetus to the industry […]
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Sophos revealed recent botnet attacks breach Microsoft SQL server databases to install a well-known Monero mining app. Recent reports revealed that a group of hackers behind the Kingminer botnet targeted vulnerable Microsoft SQL server databases to mine cryptocurrencies at some point in the second week of June. According to the cybersecurity firm Sophos, the attackers […]
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Kroll’s Cyber Risk team detected a growing trend in the use of banking trojans to launch ransomware attacks. A study by risk solutions provider, Kroll, identified a growing trend in the use of Qakbot trojan, or Qbot, to launch email thread hijacking campaigns and to deploy ransomware attacks. According to the findings in conjunction with […]
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Florence, AL was targeted by the DoppelPaymer ransomware attack and officials plan to pay the ransom demanded. A ransomware gang launched an attack on the information technology systems of Florence, Alabama in may. This attack came despite warnings by cybersecurity firms about possible hacker infiltration into the city’s infrastructure. According to a KrebsOnSecurity report from […]
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$1 Billion worth of BTC stolen from Bitfinex in 2016 could be dumped onto the market by the thieves, while apparently a few BTC found their way back to the exchange. Recently, some of the 120,000 Bitcoin (BTC) that were stolen from Bitfinex in 2016 started moving again. Here is what has been happening with […]
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On average, ransoms demanded by cryptocurrency ransomware hackers increased by 200% from 2018 to 2019. On average, the ransom demanded by cryptocurrency ransomware hackers increased by 200% from 2018 to 2019. According to a report published on June 5 by cybersecurity firm Crypsis Group, the average ransom demanded by cryptocurrency ransomware groups in 2019 reached […]
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Experts believe that a more holistic crypto ecosystem, especially one that is more AML-centric, is needed to help prevent the spread of crypto scams in 2020. Per a new report released by digital-asset intelligence firm CipherTrace on June 2, the value of ill-gotten funds siphoned through cryptocurrency crimes over the first five months of the […]
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The DeFi sector can embrace a positive future by following comprehensive security audits and by ensuring best practice in due diligence and quality assurance. Decentralized finance, commonly referred to as DeFi, has grabbed the attention of mainstream financial and technology audiences alike. While the sector has been applauded for bringing about innovative digital finance solutions […]
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Blockfolio, one of the most popular cryptocurrency portfolio tracking applications, could be a highly desirable target for hackers’ attacks. As of April 22, there are approximately 5,400 cryptocurrencies being traded with a market value of $201 billion United States dollars. The 24-hour daily trading volume has recently been hovering around $100 billion, a key indicator […]
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A DopplePaymer ransomware attack reportedly targeted one of NASA’s IT contractors in the United States. As SpaceX and NASA celebrated their first human-operated rocket launch on May 30, cybercriminals behind a ransomware known as DopplePaymer launched an attack against one of NASA’s IT contractors. According to a blog post by the hackers, the gang managed to […]
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