Bitcoin Archives - Page 2 of 2 - Cyber Security Minute

Cryptocurrency Fraud: In the Midst of a Gold Rush, Beware of Scammers

Issued by: Security Week

Bitcoin is the pioneer and obvious leader in the cryptocurrency market. But in 2017 alternative coins, or “altcoins,” began to transform the market. Nearly 1,500 cryptocurrencies are currently in circulation, and new altcoins emerge every week with Monero, Zcash and Ethereum among the top challengers to Bitcoin. But beware. Much like opportunists who devised various…

Malware & Threats

New Cerber ransomware variant steals Bitcoin wallets, passwords

Issued by: Help Net Security

Here’s a new reason to fear ransomware more than ever before: a new variant of Cerber has been modified to steal Bitcoin wallets and passwords before encrypting victims’ files and demanding ransom. Two ways to profit off of one infection The new and improved Cerber searches for wallet files of three Bitcoin wallet applications (Bitcoin…

Vulnerabilities

Man stole bitcoin by phishing individuals on the dark web

Issued by: Help Net Security

Michael Richo, a 35-year-old from Connecticut, had the brilliant idea of stealing bitcoin from people involved in illegal deals through dark web marketplaces. Perhaps he thought that he would be safe from law enforcement if he stuck to robbing potential criminals but, as it turns out, he was wrong. Richo’s modus operandi was as follows:…

Network Security

JPMorgan Hack: One More Pleads Guilty For Operating Bitcoin Exchange

Issued by: Dark Reading

Ricardo Hill allegedly operated Coin.mx which exchanged millions of dollars into bitcoin to support the hack scheme. Ricardo Hill of Florida has pleaded guilty to being involved in an illegal bitcoin exchange to support a massive hacking scheme disclosed in 2014 that compromised over 83 million JPMorgan account, Reuters reports. Hill, who is one of…