Tagged: hacking

Hackers Accused of Stealing $15 Million in Crypto Arrested in China

A substantial sting operation in northeastern China has netted 3 suspects accused of robbing 100 million yuan (about $15 million USD) in crypto from an individual’s computer. According to the Xinhua News Agency, on March 30th, 2018, a complainant contacted the X’ian police station alleging… Read More

Report: Global Crypto Industry, “Not Ready to Defend Itself and Protect its Users”

A new report from Group-IB, a computer forensics and information security company with offices in Moscow, London, New York and Dubai claims to have identified an almost four-fold increase in “compromised (customer) login data” at global cryptocurrency exchanges this year. The company also found that… Read More

Bancor Decentralized Liquidity Network Back Online Following Cryptocurrency Security Breach

Following a security breach that caused roughly $23.5 million worth of cryptocurrency to be stolen, Bancor announced its decentralized liquidity network was back online. As previously reported, a wallet used to upgrade some smart contacts was compromised. Bancor reported that the compromised wallet was then… Read More

Bancor Hacked: Roughly $23.5 Million Stolen in Security Breach

Bancor, a decentralized liquidity network, announced on Monday it experienced a security breach. Although details about the breach are currently being investigated, Bancor released an update about the facts the network has so far. According to Bancor, a wallet used to upgrade some smart contacts was… Read More

Brit Hacker Convicted; $700 000 of Bitcoin Seized as Proceeds of Cybercrime

In what is being lauded as Scotland Yard’s first successful prosecution of cybercrime, a British hacker has been convicted of multiple charges related to the theft of millions of people’s personal data. Grant West, 26, was arrested in the first class section of a passenger… Read More

We All Get Hacked: SEC Chair Clayton Comments on 2016 Intrusion into EDGAR

SEC Chairman Jay Clayton issued a statement today tackling the importance of cybersecurity and detailing the agency’s approach to cybersecurity as an organization and as a regulatory body. The pronouncement comes at a time following the revelation of the massive Equifax hack that has put… Read More

Hypothetical N26 Account Hacks Remind Fintech Companies to Take Security Seriously

For all the joy that quick online banking can provide, it can also cause a lot of headaches if your account is compromised.  Berlin-based fintech company N26 (short for Number26) was accused of numerous security flaws late last year that could have been used to… Read More

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