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Upbit cryptocurrency exchange hacked, crooks stole $48.5 million worth of ETH

Security Affairs

Another South Korean cryptocurrency exchange was hacked, this time the victim is Upbit that lost $48.5 million in cryptocurrency. . The South Korean cryptocurrency exchange Upbit disclosed a security breach, the company told its customers that hackers have stolen $48.5 million in crypto-currency from its hot wallet. .

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When Low-Tech Hacks Cause High-Impact Breaches

Krebs on Security

The general manager of Escrow.com said he suspected the call was a scam, but decided to play along for about an hour — all the while recording the call and coaxing information out of the scammer. One multifactor option — physical security keys — appears to be immune to these advanced scams.

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Florida Man Arrested in SIM Swap Conspiracy

Krebs on Security

Police in Florida have arrested a 25-year-old man accused of being part of a multi-state cyber fraud ring that hijacked mobile phone numbers in online attacks that siphoned hundreds of thousands of dollars worth of bitcoin and other cryptocurrencies from victims. A WORRIED MOM.

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Phone Company Insiders Helped Global Sim-Swapping Gang Steal Millions in Cryptocurrency

Security Boulevard

This allowed them to access many apps and ask for password resets, which often confirm the request is intended for the correct user by sending a "Two Factor Authentication" request in the form of an SMS message. How do Phone Company Insiders enable these scams? The Community wasn't a place online, just the name of their group.

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How 1-Time Passcodes Became a Corporate Liability

Krebs on Security

The missives asked users to click a link and log in at a phishing page that mimicked their employer’s Okta authentication page. Those who submitted credentials were then prompted to provide the one-time password needed for multi-factor authentication. That’s down from 53 percent that did so in 2018, Okta found.

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Cryptocurrency – are you ready for next big hack?

Thales Cloud Protection & Licensing

A few years ago, the term cryptocurrency was only used among the tech elite and the only type available for purchase was Bitcoin. Fast forward to 2018 when the average consumer is able to invest and has a pick of over 1,800 different kinds of cryptocurrencies to choose from. dollars via crypto hacks and scams.

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The $43 billion Business Email Compromise threat

Malwarebytes

Losses continue to mount, and we’re currently facing a scam racking up domestic and international losses of $43 billion. The rise of cryptocurrency in BEC fraud. As with so many forms of online criminal activity, law enforcement is noticing an increase in cryptocurrency use. 6 tips to avoid BEC scams.