A Chinese military unit has been inserting tiny microchips into computer servers used by companies including Apple and Amazon that give China unprecedented backdoor access to computers and data, according […]
New research released today in the CipherTrace 2018 Q2 Cryptocurrency Anti-Money Laundering Report finds that three times more cryptocurrency was stolen from exchanges in the first half of 2018 than […]
A cryptocurrency exchange hack in South Korea jolted holders of digital assets, fuelling a $46 billion sell-off and extending this year’s Bitcoin slump to more than 50 per cent. Over […]
Japan’s financial regulator has ordered Coincheck to get its act together after hackers stole $530 million worth of digital money from its exchange, jolting the nation’s cryptocurrency market in one of the biggest cyber heists.
The theft highlights the vulnerabilities in trading an asset that global policymakers are struggling to regulate and the broader risks for Japan as it aims to leverage the fintech industry to stimulate economic growth.
Digital currencies and the software developed to track them have become attractive targets for cybercriminals while also creating a lucrative new market for computer-security firms. In less than a decade, hackers have stolen $1.2 billion worth of Bitcoin and rival currency Ether, according to Lex Sokolin, global director of fintech strategy at Autonomous Research LLP. Given the currencies’ explosive surge at the end of 2017, the cost in today’s money is much higher.
Uber admitted Tuesday that hackers stole personal data belonging to 57 million customers and drivers – a fact it concealed for more than a year.
The attack, which took place in October 2016, resulted in the worldwide theft of names, email addresses and phone numbers belonging to 50 million Uber riders, according to Bloomberg, which first reported the hack.
Verizon Communications, which acquired Yahoo this year, said on Tuesday that a previously disclosed attack that had occurred in 2013 affected all three billion of Yahoo’s user accounts, as the Wall Street Journal is reporting.
Last year, Yahoo said the 2013 attack on its network had affected one billion accounts. Three months before that, the company also disclosed a separate attack, which had occurred in 2014, that had affected 500 million accounts.
Hackers have discovered that one of the most central elements of online security, the mobile phone number, is also one of the easiest to steal; and it’s is an increasingly growing problem, the New York Times reports.
In a growing number of online attacks, hackers have been calling up Verizon, T-Mobile U.S., Sprint and AT&T and asking them to transfer control of a victim’s phone number to a device under the control of the hackers.
Once they get control of the phone number, they can reset the passwords on every account that uses the phone number as a security backup – as services like Google, Twitter and Facebook suggest.
