Fresh malware targeting Apple users in the US and Germany is infecting Bitcoin and Exodus cryptowallet applications with a Trojan distributed through pirated software, according to Kaspersky researchers. The malware is delivered via cracked applications and can replace Exodus and Bitcoin cryptowallet applications installed on the user’s machine with infected versions that steal secret recovery…

BTC.com is a website that provides services for managing and transferring Bitcoin, it offers a digital wallet for storing Bitcoin, a trading interface for exchanging Bitcoin with other cryptocurrencies and fiat currencies, and a mining platform for participating in the extraction of new Bitcoin coins. BTC.com is one of the largest platforms for transferring Bitcoin…

Law enforcement agencies across the world advise companies that are victims of ransomware attacks not to pay the ransom. Aside from the risk of criminals taking the money and running, paying encouraging further attacks and potentially could be illegal depending on where the money is being sent. The US Treasury Department’s Office of Foreign Assets…

Cryptocurrency users, exchanges and investors suffered $4.5 billion in crypto-related losses resulting from thefts, hacks, and fraud, a CipherTrace report reveals. Cryptocurrency crime losses The lion’s share of those losses stem from the staggering growth of Ponzi schemes, exit scams, and misappropriation of funds crimes, the value of which rose 533 percent year over year….

Thefts from cryptocurrency exchanges continue despite increased security

Although exchanges, wallets and other cryptocurrency custody services are strengthening their defenses, attackers continue to innovate and outpace even the current state of the cybersecurity art, according to CipherTrace. Even Binance, the world’s number-one cryptocurrency exchange, lost tens of millions of crypto assets to a cyberattack perpetrated by sophisticated hackers using a lethal cocktail of…

Increasing security measures are driving cybercriminals to alter their techniques

Increased security measures and awareness are driving cybercriminals to alter their techniques in search of a better return on investment (ROI). As a result, two major shifts occured, including decreased reliance on malware and a decline in ransomware, as criminals increased their use of other cybercrime techniques with the potential for greater ROI, according to…

Is blockchain compatible with privacy?

Coming up on the tenth anniversary of Satoshi Nakamoto’s paper, do we really need yet another take on Bitcoin? Well, I think so. Today, I am going to focus on an aspect of this technology that needs more discussion — privacy. The bedrock of blockchain — that every transaction is added into the history and…

Move Over, Ransomware: Why Cybercriminals Are Shifting Their Focus to Cryptojacking

According to the 2018 IBM X-Force Threat Intelligence Index, the frequency and sophistication of malicious cryptocurrency mining, also called “cryptojacking,” has increased drastically in the past year. This mining is changing malicious actors’ priorities: While they had previously targeted companies’ data and financial assets, they are now seeking to extract value from organizations’ computing resources….