Tag: cryptocurrency

Researchers Warn of Crypto Scam Apps on Apple App Store
Events, Risk, Security

Researchers Warn of Crypto Scam Apps on Apple App Store

The first "cryptorom" scam applications, according to security experts, have been found that managed to go past Apple's rigorous App Store testing procedures. Ace Pro and MBM BitScan, the two programs in question, were also found on Google Play. Users will be alarmed by their appearance in the App Store, which is often subject to tougher security regulations. According to Sophos, the apps are also resistant to Apple's Lockdown mode, which is intended to shield users from sophisticated social engineering. Malware generally has a difficult time navigating the Apple App Store's security screening procedure. Because of this, when we first started looking into cryptorom schemes aimed against iOS users the con artists would have to convince consumers to first read the complete article ...
New shc-based Linux Malware Targeting Systems with Cryptocurrency Miner
Risk, Security

New shc-based Linux Malware Targeting Systems with Cryptocurrency Miner

On infected systems, a new Linux malware that was created with the help of the shell script compiler (shc) has been seen installing a cryptocurrency miner. According to a study released today by AhnLab Security Emergency Response Center (ASEC), "it is suspected that following successful authentication using a dictionary attack on poorly managed Linux SSH servers, various viruses were installed on the target machine." Shell scripts can be easily translated into binaries with the help of shc, providing security against unwanted source code alterations. It is comparable to Windows' BAT2EXE application, which can turn any batch file into an executable read the complete article New shc-based Linux Malware Targeting Systems with Cryptocurrency Miner.
Will the Crypto Crash Impact Cybersecurity in 2023?
Reputation, Resources, Risk, Security

Will the Crypto Crash Impact Cybersecurity in 2023?

One of the obvious issues for individuals in the cybersecurity industry is how this quick decrease in cryptocurrency valuations will impact the cybercrime economy, especially with the implosion of the FTX exchange placing a punctuation point on the cryptocurrency crash of 2022. Cybercriminals have utilized and misused cryptocurrency to expand their empires during the most recent cryptocurrency boom and even earlier. Ransomware's extortionate distribution channel is the cryptocurrency market, which is also a haven for consumer-targeted schemes aimed at stealing their wallets and accounts. In the past, it has offered a lot of anonymous cover for money laundering at the heart of a variety of cybercrime operations read the complete article Will the Crypto Crash Impact Cybersecurity in ...
BitKeep Confirms Cyber Attack, Loses Over $9 Million in Digital Currencies
Resources, Risk, Security

BitKeep Confirms Cyber Attack, Loses Over $9 Million in Digital Currencies

BitKeep, a decentralized multi-chain cryptocurrency wallet, acknowledged a hack on its website on Wednesday that allowed threat actors to spread fake copies of its Android app with the intention of stealing users' digital money. In a "large-scale hacking event," according to BitKeep CEO Kevin Como, "the altered APK caused the disclosure of user's private keys and enabled the hacker to move funds." A total of $9.9 million worth of assets have reportedly been stolen so far, according to multi-chain blockchain explorer OKLink and blockchain security firm PeckShield. In a series of tweets, BitKeep said, "Funds taken are on BNB Chain, Ethereum, TRON and Polygon." "The robbery used more than 200 addresses from the other three chains read the complete article BitKeep Confirms Cyber Atta...