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What Is Encryption? Definition, How it Works, & Examples

eSecurity Planet

Encryption uses mathematical algorithms to transform and encode data so that only authorized parties can access it. What Encryption Is and How It Relates to Cryptology The science of cryptography studies codes, how to create them, and how to solve them. How Does Encryption Process Data? How Does Encryption Process Data?

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Hackers stole €1.2m worth of cryptocurrency from 2gether

Security Affairs

million worth of cryptocurrency from cryptocurrency investment accounts. . Hackers stole roughly €1.183 million worth of cryptocurrency from investment accounts of 2gether, 26.79% of overall funds stored by the accounts. – The hack affects crypto investment accounts.

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LastPass: ‘Horse Gone Barn Bolted’ is Strong Password

Krebs on Security

This is significant because in November 2022, LastPass disclosed a breach in which hackers stole password vaults containing both encrypted and plaintext data for more than 25 million users. KrebsOnSecurity last month interviewed a victim who recently saw more than three million dollars worth of cryptocurrency siphoned from his account.

Passwords 273
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Cryptocurrency exchange BuyUcoin hacked, data of 325K+ users leaked

Security Affairs

Indian cryptocurrency exchange Buyucoin suffered a security incident, threat actors leaked sensitive data of 325K users. A new incident involving a cryptocurrency exchange made the headlines, the India-based cryptocurrency exchange suffered a security incident, threat actors leaked sensitive data of 325K users on the Dark Web.

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Incognito Darknet Market Mass-Extorts Buyers, Sellers

Krebs on Security

Borrowing from the playbook of ransomware purveyors, the darknet narcotics bazaar Incognito Market has begun extorting all of its vendors and buyers, threatening to publish cryptocurrency transaction and chat records of users who refuse to pay a fee ranging from $100 to $20,000. “And yes, this is an extortion!!!!

Marketing 293
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Fake Lawsuit Threat Exposes Privnote Phishing Sites

Krebs on Security

The disclosure revealed a profitable network of phishing sites that behave and look like the real Privnote, except that any messages containing cryptocurrency addresses will be automatically altered to include a different payment address controlled by the scammers. co showing the site did indeed swap out any cryptocurrency addresses.

Phishing 223
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Over 39K unauthenticated Redis services on the internet targeted in cryptocurrency campaign

Security Affairs

Threat actors targeted tens thousands of unauthenticated Redis servers exposed on the internet as part of a cryptocurrency campaign. “Under certain conditions, if Redis runs with the root account (or not even), attackers can write an SSH public key file to the root account, directly logging on to the victim server through SSH.