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GUEST ESSAY: Securing your cryptocurrency — best practices for Bitcoin wallet security

The Last Watchdog

Over time, Bitcoin has become the most widely used cryptocurrency in the world. Backup, backup, backup. To guard against data loss, it’s crucial to regularly create backups of your Bitcoin wallet. Wallet backups provide a safety net in the event that your device breaks down, is misplaced, or is stolen.

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4 Ways to Store Backup Codes, Keys, and Seed phrases

Security Boulevard

Backup codes, keys, and seed phrases are important if you lose access to multifactor authentication (MFA) methods or are otherwise completely locked out of your accounts. There are many methods to store backup codes, keys, and seed phrases. TABLE OF CONTENTS Importance of backup codes, keys, seed phrases 1. Writing down codes 2.

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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. This may allow hackers to gain server privileges, delete or steal data, or even lead to an encryption extortion, critically endangering normal business services.” ” warns Censys.

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The BlueNoroff cryptocurrency hunt is still on

SecureList

Also, we have previously reported on cryptocurrency-focused BlueNoroff attacks. It appears that BlueNoroff shifted focus from hitting banks and SWIFT-connected servers to solely cryptocurrency businesses as the main source of the group’s illegal income. Malware infection. PROCESS_ID. #. DLL_FILE_SIZE. DLL_FILE_DATA.

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A history of ransomware: How did it get this far?

Malwarebytes

If we define ransomware as malware that encrypts files to extort the owner of the system, then the first malware that could be classified as ransomware is the 1989 AIDS Trojan. However, while it encrypted file(name)s and asked for a ransom, it was far from effective. Today's ransomware is the scourge of many organizations.

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Mortal Kombat ransomware forms tag team with crypto-stealing malware

Malwarebytes

Depending on the flow of infection, targets can expect to find a demand for payment to unlock encrypted files or sneaky malware looking to grab cryptocurrency details from system clipboard functions. The email is cryptocurrency themed, and claims that a payment of yours has “timed out” and will need resending.

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REvil Ransomware Gang Starts Auctioning Victim Data

Krebs on Security

“Others have gotten the message about the need for good backups, and probably don’t need to pay. A report published in mid-April by cryptocurrency research firm Chainalysis found that ransomware payments “have decreased significantly since the COVID-19 crisis intensified in the U.S. and Europe in early March.”