Organizations with a security-by-design approach need to go beyond being reactive to a proactive, offensive strategy to strengthen their security posture, says Mrutyunjay Mahapatra, member board of directors and chairman of the audit committee at Reserve Bank Innovation Hub.
Between April 21 and 27, hackers stole $1.8 million from Merlin, $22,638 from Kucoin and $170,000 from Trust Wallet and attacked UniSat Wallet. The U.S. indicted two men for DPRK-linked money laundering, and a U.K. parliamentary panel heard plans to curb cybercrime with better crypto seizure skills.
The United Kingdom should augment its cryptocurrency asset seizure abilities as part of an effort to combat ransomware and other cybercrime, a parliamentary panel heard. The rate of seizures is not commensurate with the level of crypto adoption, said Aidan Larkin, CEO of Asset Reality.
A Chinese and a Hong Kong national are each under U.S. federal indictment for their roles in channeling cryptocurrency stolen by North Korean hackers into hard currency. Prosecutors also indicted a North Korean man for representing the sanctioned Korea Kwangson Banking Corp.
Threat actors are exploiting Kubernetes Role-Based Access Control in the wild to create backdoors and to run cryptocurrency miners. Researchers observed a recent campaign that targeted at least 60 Kubernetes clusters by deploying DaemonSets to hijack and steal resources from the victims' clusters.
In the latest weekly update, finance security expert Ari Redbord joins ISMG editors to discuss takeaways from the U.S. Treasury's 2023 DeFi Illicit Finance Risk Assessment, the state of blockchain analytics and where it is headed, and traction for FinCEN's Financial Action Task Force Travel Rule.
Between April 14 and 20, hackers stole $23 million from Bitrue, $7 million from Hundred Finance and $10.5 million from 11 blockchains. The SafeMoon hacker returned 80% of the stolen $8.9 million, MetaMask suffered a third-party breach and Kyber Network advised LPs to withdraw funds from Elastic.
Every week, Information Security Media Group rounds up cybersecurity incidents in the world of digital assets. Between April 7 and April 13, hackers stole millions from GDAC, Yearn Finance and SushiSwap. We found out how bad cybersecurity was at FTX, and the U.S. Treasury warned DeFi to shape up.
Every week, Information Security Media Group rounds up cybersecurity incidents in the world of digital assets. Between March 31 and April 6, hackers returned millions of dollars in stolen cryptocurrency, a rogue validator stole $25 million, and bad actors used new malware to steal cryptocurrency.
Spanish National Police on Friday arrested a teenager hacker who allegedly stole the sensitive data of more than half a million taxpayers from the national revenue service and boasted in an online podcast about having access to personal data of 90% of the population.
The U.S. Department of Justice seized virtual assets worth $112 million in a crackdown on "pig butchering," a romance-based cryptocurrency investment scam. Cybercriminals used six accounts to launder funds from cryptocurrency confidence scams, federal prosecutors said.
Every week, Information Security Media Group rounds up cybersecurity incidents in the world of digital assets. In focus between March 24 and 30: SafeMoon, an update on Euler Finance, crypto-stealing Clipper malware, BitKeep, theft fail at Swerve Finance, THORChain, APT43 and an update on ParaSpace.
North Korean hackers are stealing cryptocurrency to fund operations under an apparent mandate from Pyongyang to be self-sufficient, threat intel firm Mandiant says. The regime probably expected its hackers to pay their own way before 2020, but the novel coronavirus pandemic exacerbated its demands.
Every week, ISMG rounds up cybersecurity incidents in the world of digital assets. In focus between March 17 and 23: The New York State Department of Financial Services reminds BitPay that regulations exist. Also, Euler Finance, Gala Games, BitGo, ZenGo, General Bytes, Bitzlato and ParaSpace.
Dark web merchants have been offering Russians - consumers and criminals alike - services for bypassing international sanctions that may indirectly involve U.S. financial institutions, demonstrating the need for more robust "know your customer" and anti-money laundering checks, researchers warn.
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