On the heels of the recent FTX financial meltdown came the theft of millions of dollars that left thousands of investors, exchanges and others in the lurch. Hugh Brooks, director of security operations at CertiK, shares how the funds may have been stolen and what happens next.
After the collapse of the FTX cryptocurrency exchange, I received a small postcard from Japan. The sender was Mt. Gox. Here's how I bought a bitcoin for $12 and had a painful front-row seat for the first big cryptocurrency exchange collapse, plus some thoughts about cryptocurrency.
Following a spate of cyberattacks and data breaches affecting millions of Australians, the government‘s cybersecurity minister recently announced the formation of a task force that will hunt down hackers and said she is contemplating a ban on ransomware payments.
Despite the strategic priorities laid out by the Biden administration and initial indicators provided by the Department of Defense, it's unclear how the next national defense strategy will prioritize threats and define the primary role of the U.S. military. Chris Dougherty discusses cyberwarfare.
Iranian hackers used Log4Shell to penetrate the network of an unnamed federal agency where they stole passwords and implanted cryptocurrency mining software. Whether the Iranians were acting wholly on Tehran's behalf, on their own behalf, or both, is uncertain.
Soccer fans watching the 2022 FIFA World Cup live from Doha should think twice about installing two apps developed for the Qatari government, warn multiple European data protection authorities. The apps likely open the door to surveillance by authorities with a spotty human rights track record.
The traditional application development model that puts security checks at the end of the process creates needless friction that slows down organizations, says Snyk solutions engineer Matt Mintzer. Application security specialists need to build tracks rather than guardrails for development, he says.
Cyberattackers love to strike on weekends and holidays - that's not news. What is news: These attacks cost more than weekday incidents, and they take a heavy toll on defenders. Cybereason's Sam Curry shares insight from the new study "Organizations at Risk: Ransomware Attackers Don’t Take Holidays."
Complexity is the enemy of security, and information technology grows ever more complex. Have we created a problem space in computing so complicated that we will be unable to safely operate in it for its intended purposes? Fred Cohen says that's unlikely. He discusses managing risk in the future.
The arrest of a Ukrainian national long wanted on cybercrime charges in the U.S. shows that with much patience, law enforcement can nab suspects. A key member of the JabberZeus gang, which stole tens of millions of dollars, was arrested in Geneva.
Hospitals face attacks from nation-states seeking medical research and cybercriminals using pediatric patient data to apply for loans, says Stoddard Manikin. Adversaries target pediatric records to exploit the patient's credit and adult records when pursuing insurance or prescription fraud.
Twitter accounts that use SMS for two-factor authentication are at a heightened risk of account takeover with the disclosure that texting "STOP" to the verification service results in it being turned off. The vulnerability opens the door to a password reset attack or a password stuffing attack.
Pro-Kremlin hackers claimed credit for a denial-of-service attack against FBI websites, marking the latest in a series of nuisance attacks. The FBI earlier said it is aware of "pro-Russian hacktivist groups employing DDoS attacks to target critical infrastructure companies with limited success."
Russian hackers have a campaign to maliciously encrypt files of Ukrainian victims. But unlike other ransomware groups, they are doing so without the possibility of offering a decryptor. Ukraine’s Computer Emergency Response Team identifies the group as UAC-0118, also known as From Russia with Love.
Bankrupt cryptocurrency exchange platform FTX says unsanctioned actors made off with customers' digital assets, causing a scramble to secure digital wallets. Estimates of the amount of stolen money are in the hundreds of millions. FTX filed for bankruptcy Friday after entering a liquidity crunch.
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