Financial Cybercrime: Why Cryptocurrency is the Perfect ‘Getaway Car’

This is Part I of a two-part series on how cybercrooks embrace and use cryptocurrency. To read Part II, please click here. It’s no secret: Hackers are out to make money. Over the summer, it seemed there was practically a new ransomware attack every day of the week. Whether it be Colonial Pipeline...

TeamTNT’s New Tools Target Multiple OSes

The TeamTNT malware pushers have a slew of new toys with which to wreak havoc – multiple shell/batch scripts, open-source tools, a cryptocurrency miner, an IRC and more – that have inflicted more than 5,000 infections globally as antivirus AV tools struggle to catch up with the newest malware...

Latest Atlassian Confluence Flaw Exploited to Breach Jenkins Project Server

The maintainers of Jenkins—a popular open-source automation server software—have disclosed a security breach after unidentified threat actors gained access to one of their servers by exploiting a recently disclosed vulnerability in Atlassian Confluence service to install a cryptocurrency miner. T...

Cybercriminals Abusing Internet-Sharing Services to Monetize Malware Campaigns

Threat actors are capitalizing on the growing popularity of proxyware platforms like Honeygain and Nanowire to monetize their own malware campaigns, once again illustrating how attackers are quick to repurpose and weaponize legitimate platforms to their advantage. "Malware is currently leveraging...

Cheap and nasty: How for $100 low-skilled ransom DDoS extortionists can cripple your business

Distributed Denial of Service DDoS attacks capable of crippling network resources and websites can be rented online for as little as $5 an hour. With an average financial impact of $100k for just one hour of downtime, that’s a serious return on cybercriminal investment. And that’s just for the...

Cream Finance DeFi Platform Rooked For $29M

Cream Finance is the latest decentralized finance DeFi platform for cryptocurrency trading to take a major financial hit at the hands of hackers, losing nearly $19 million in an attack this week on its “flash loan” feature. The attacker was able to steal nearly $29 million before being discovered...

Proxyware Services Open Orgs to Abuse – Report

Services that allow consumers to resell their own internet bandwidth for profit to businesses that want to resell it are ripe for abuse, according to researchers. The burgeoning business model is growing in popularity with consumers who earn about $1 for every 10GB of their bandwidth shared with...

Cold wallet, hot wallet, or empty wallet? What is the safest way to store cryptocurrency?

In August of 2021, a thief stole about $600 million in cryptocurrencies from The Poly Network. They ended up giving it back, but not because they were forced to. Slightly more than one week later, Japanese cryptocurrency exchange Liquid was hacked and lost $97 million worth of digital coins. Thes...

Man Robbed of 16 Bitcoin Sues Young Thieves’ Parents

In 2018, Andrew Schober was digitally mugged for approximately $1 million worth of bitcoin. After several years of working with investigators, Schober says hes confident he has located two young men in the United Kingdom responsible for using a clever piece of digital clipboard-stealing malware t...

HolesWarm Malware Exploits Unpatched Windows, Linux Servers

By leveraging more than 20 known vulnerabilities in Linux and Windows servers, the HolesWarm cryptominer malware has been able to break into more than 1,000 cloud hosts just since June. The basic cryptominer botnet has been so successful at juggling so many different known vulnerabilities between...

Fake Cryptocurrency Mining Apps Trick Victims Into Watching Ads, Paying for Subscription Service

We recently discovered eight deceptive mobile apps that masquerade as cryptocurrency cloud mining applications where users can earn cryptocurrency by investing money into a cloud-mining operation...

Malicious Ads Target Cryptocurrency Users With Cinobi Banking Trojan

A new social engineering-based malvertising campaign targeting Japan has been found to deliver a malicious application that deploys a banking trojan on compromised Windows machines to steal credentials associated with cryptocurrency accounts. The application masquerades as an animated porn game, ...

Hacker pleads guilty to sim swapping, stealing cryptocurrency

By Deeba Ahmed A 21-year old hacker has admitted running a campaign over social media to hijack accounts of "high-value" account names and steal cryptocurrency. This is a post from HackRead.com Read the original post: Hacker pleads guilty to sim swapping, stealing cryptocurrency...

Hacker Steals $610M of Cryptocurrency—and Returns Most of It

Plus: An Apple lawsuit, a VPN audit, and more of the week's top security news...

New Anti Anti-Money Laundering Services for Crooks

A new dark web service is marketing to cybercriminals who are curious to see how their various cryptocurrency holdings and transactions may be linked to known criminal activity. Dubbed "Antinalysis," the service purports to offer a glimpse into how ones payment activity might be flagged by law...

Why Is There A Surge In Ransomware Attacks?

The U.S. is presently combating two pandemics--coronavirus and ransomware attacks. Both have partially shut down parts of the economy. However, in the case of cybersecurity, lax security measures allow hackers to have an easy way to rake in millions. It's pretty simple for hackers to gain...

Crypto-scams you should be steering clear of in 2021

A fair few cryptocurrency scams have been doing the rounds across 2021. Most of them are similar if not identical to tactics used in previous years with an occasional twist. Here’s some of the most visible ones you should be steering clear of. Recovery code theft Many Bitcoin wallets make use of...

This Week in Security News - August 13, 2021

This Week in Security News: Hackers Steal $600 million in Largest Ever Cryptocurrency Heist and Cybersecurity is the New ‘Great Game’...

Hackers steal $600 million in largest ever cryptocurrency heist

By Waqas As per Poly Network hackers exploited a vulnerability in contract calls where a contract can modify the keeper of a contract, execute transactions. This is a post from HackRead.com Read the original post: Hackers steal $600 million in largest ever cryptocurrency heist...

Crypto Hack Earned Crooks $600 Million

Attackers reportedly stole $600 million from the cryptocurrency platform Poly Network, in what experts say is one of the largest crypto heists to date. Poly Network, a decentralized finance DeFi platform based in China, publicly acknowledged that an attacker “exploited a vulnerability” that allow...