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IOTA cryptocurrency shuts down entire network after a coordinated attack on its Trinity wallet

Security Affairs

IOTA Foundation behind the IOTA cryptocurrency was forced to shut down its entire network following a cyber attack that resulted in the theft of funds. In response to the incident, the IOTA Foundation, the nonprofit organization behind the IOTA cryptocurrency , has decided to take down its entire network.

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US DoJ wants the funds stored by North Korea in 280 BTC and ETH

Security Affairs

US DoJ filed a civil forfeiture complaint to seize 280 Bitcoin (BTC) and Ethereum (ETH) accounts containing funds allegedly stolen by North Korea-linked hackers. The complaint did not name the hacked exchanges, it only reports two attacks that took place in July 1, 2019, and September 25, 2019. of the FBI’s Chicago Field Office.

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Tools to Identify Exfiltration of Large Cryptocurrency Holdings Will Reduce Risk of Large Cyberattacks and Fraud on DeFi Platforms

Security Boulevard

The Exfiltration Phase of The Kill Chain of a Cryptocurrency-Based Attack Provides the Greatest Opportunity to Identify Cybercriminals. Cryptocurrency gained through illicit means is less useable than other assets due to the way cryptocurrency systems currently do not fully protect owner identity and allow for only limited liquidity.

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Group-IB and CryptoIns introduce the world’s first insurance against cyber threats for cryptocurrency exchanges

Security Affairs

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. Based on the risk score, CryptoIns experts have calculated insurance rates for cryptocurrency exchange users who can now insure their accounts against cyber threats.

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Group-IB: $49.4 million of damage caused to Russia’s financial sector from cyber attacks

Security Affairs

Security firm Group-IB has estimated that in H2 2017-H1 2018 cyber attacks caused $49.4 Group-IB, an international company that specializes in preventing cyber attacks, has estimated that in H2 2017-H1 2018 cyber attacks caused $49.4 They account for 80% of all financial phishing sites. million (2.96

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Security Affairs newsletter Round 260

Security Affairs

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Scams 84
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Chinese Antivirus Firm Was Part of APT41 ‘Supply Chain’ Attack

Krebs on Security

” Once inside of a target organization, the hackers stole source code, software code signing certificates, customer account data and other information they could use or resell. APT41’s activities span from the mid-2000s to the present day.

Antivirus 356