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Cryptocurrency Startup Loses Encryption Key for Electronic Wallet

Schneier on Security

The cryptocurrency fintech startup Prime Trust lost the encryption key to its hardware wallet—and the recovery key—and therefore $38.9 It is now in bankruptcy. I can’t understand why anyone thinks these technologies are a good idea.

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Signal Adds Cryptocurrency Support

Schneier on Security

According to Wired , Signal is adding support for the cryptocurrency MobileCoin, “a form of digital cash designed to work efficiently on mobile devices while protecting users’ privacy and even their anonymity.” End-to-end encryption is already at risk. ” I think this is an incredibly bad idea. .”

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Cryptocurrencies and cybercrime: A critical intermingling

Security Affairs

As cryptocurrencies have grown in popularity, there has also been growing concern about cybercrime involvement in this sector Cryptocurrencies have revolutionized the financial world, offering new investment opportunities and decentralized transactions.

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Using Hacked LastPass Keys to Steal Cryptocurrency

Schneier on Security

Remember last November, when hackers broke into the network for LastPass—a password database—and stole password vaults with both encrypted and plaintext data for over 25 million users? Well, they’re now using that data break into crypto wallets and drain them: $35 million and counting, all going into a single wallet.

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What is Cryptocurrency?

Security Boulevard

Cryptocurrency is best thought of as a digital currency that only exists on computers. Transaction data and the ledger are encrypted using cryptography. Cryptocurrency Main Features. Cryptocurrency Main Features. Let’s dig into how cryptocurrency works. Cryptocurrencies are decentralized and distributed.

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ViperSoftX Updates Encryption, Steals Data

Trend Micro

We observed cryptocurrency and information stealer ViperSoftX evading initial loader detection and making its lure more believable by making the initial package loader via cracks, keygens, activators, and packers non-malicious.

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Types of Encryption, Methods & Use Cases

eSecurity Planet

Encryption scrambles data to make it unreadable to those without decryption keys. Proper use of encryption preserves secrecy and radically lowers the potential damage of a successful cybersecurity attack. Encryption algorithm types will provide an overview of the mathematical algorithms used to encrypt data (AES, RSA, etc.),