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FTX Collapse Highlights the Cybersecurity Risks of Crypto

eSecurity Planet

This involved using an “unsecured group email account as the root user to access confidential private keys and critically sensitive data for the FTX Group companies around the world…” About $740 million in cryptocurrency has been placed into new cold wallets. One way is through hijacking computer resources to mine cryptocurrencies.

Risk 143
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Scams Lost US $10 BILLION in 2022 — Crypto Fraud Grows Fast

Security Boulevard

Ben is disappointed: FBI reports huge rise in cryptocurrency investment scams. The post Scams Lost US $10 BILLION in 2022 — Crypto Fraud Grows Fast appeared first on Security Boulevard. Why am I not surprised?

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FAIL: Nomad DeFi Bridge ‘Loses’ $190M of Worthless Tokens

Security Boulevard

Cryptocurrency startup Nomad claimed its “optimistic bridging” protocol would “would keep users’ funds safe.” The post FAIL: Nomad DeFi Bridge ‘Loses’ $190M of Worthless Tokens appeared first on Security Boulevard. We take a closer look.

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NASA Audit: Cyber Risk Skyrockets with 'Work from Home'

SecureWorld News

The audit also spells out that cyberattacks against NASA's networks come from all directions: from those using NASA's supercomputing power to make money to nation-states looking for secrets. NASA lacked an Agency-wide risk management framework for information security and an information security architecture.

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The State of Blockchain Applications in Cybersecurity

eSecurity Planet

Since blockchain’s arrival, cryptocurrency has framed the technology as permissionless, or a public blockchain. Anyone can join the network, interact, and transactions are visible to all. The razzmatazz of cryptocurrency hasn’t helped blockchain’s adoption as a technology beyond finance. Risk of compromise. Block Armour.

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DarkSide Ransomware Gang Struck Down — but by Whom?

Security Boulevard

It claims that its servers and cryptocurrency balances have disappeared. appeared first on Security Boulevard. DarkSide, hackers of the Colonial Pipeline, has hurriedly shut up shop. The post DarkSide Ransomware Gang Struck Down — but by Whom?

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ShadowRay Vulnerability: 6 Lessons for AI & Cybersecurity

eSecurity Planet

Hijacked compute: Repurposes expensive AI compute power for attackers’ needs, primarily cryptojacking, which mines for cryptocurrencies on stolen resources. If you haven’t verified that internal Ray resources reside safely behind rigorous network security controls, run the Anyscale tools to locate exposed resources now.