Bitcoin | Breaking Cybersecurity News | The Hacker News

Ransomware is one of the most blatant and obvious criminal's money making schemes out there. Ransomware malware was mostly known by the people when Cryptolocker comes into play. At the time when readers were getting aware of ransomware, Cryptolocker threat had touched the peak and other money motivated cyber criminals have started developing their own Cryptolocker versions. Two hackers going by the name of ' gyx ' and ' Porphyry ' (admin of maldev.net hacking forum) are advertizing a new ramsomware malware tool-kit called "Prison Locker" on various hacking forums with tutorials. They have developed the Prison Locker a.k.a Power Locker ramsomware toolkit in C/C++ programming language, proving a GUI version with customizable features for customers. The Ransomware is using BlowFish encryption to encrypt all available files on the victim's hard disk and shared drives except . exe , . dll , . sys , other system files. During encryption it will ge

As the year draws to a close, we have seen the number of emerging threats like advance phishing attacks from the Syrian Electronic Army , financial malware and exploit kits, Cryptolocker ransomware infections, massive  Bitcoin theft, extensive privacy breach from NSA and many more. The financial malware's were the most popular threat this year. Money is always a perfect motivation for attackers and cyber criminals who are continually targeting financial institutions. On Tuesday, Antivirus firm Symantec has released a Threat report, called " The State of Financial Trojans: 2013 ", which revealed that over 1,400 financial institutions have been targeted and compromised millions of computers around the globe and the most targeted banks are in the US with 71.5% of all analyzed Trojans. Financial institutions have been fighting against malware for the last ten years to protect their customers and online transactions from threat. Over the time the attackers adapted to these counter

The introduction of Open AI's ChatGPT was a defining moment for the software industry, touching off a GenAI race with its November 2022 release. SaaS vendors are now rushing to upgrade tools with enhanced productivity capabilities that are driven by generative AI. Among a wide range of uses, GenAI tools make it easier for developers to build software, assist sales teams in mundane email writing, help marketers produce unique content at low cost, and enable teams and creatives to brainstorm new ideas.  Recent significant GenAI product launches include Microsoft 365 Copilot, GitHub Copilot, and Salesforce Einstein GPT. Notably, these GenAI tools from leading SaaS providers are paid enhancements, a clear sign that no SaaS provider will want to miss out on cashing in on the GenAI transformation. Google will soon launch its SGE "Search Generative Experience" platform for premium AI-generated summaries rather than a list of websites.  At this pace, it's just a matter of a short time befo

Data breaches and security incidents are a constant in the headlines these days. Hackers and cyber criminals   are motivated by status or money and finding new innovative and more creative attacks to achieve this. One of them are, Digital Bank robbery  - where the thieves didn't need masks and guns to pull off the job, all they need are - Hacking Skills, a computer and the Internet. Another way is  Cyber extortion  - threat of attack against an enterprise or a bank, coupled with a demand for money to avert or stop the attack. According to Haaretz news, A Hacker - who is the operator of a biggest botnet malware network in the Israel, has threatens 3 major Israeli banks, i.e. Israel Discount Bank, Bank Yahav and the First International Bank of Israel. " Bank received an e-mail message threatening that unless they handed over a certain sum in Bitcoins by the end of next week, a list of customers' details would be given to hostile elements. " Banks database, network an

World's largest Bitcoin poker website ' SealsWithClubs ' has been compromised and around 42,000 users' credentials are at risk. Seals With Club  has issued a  Mandatory Password Reset   warning to their users, according to a statement published on the website. The service admitted their database had been compromised and revealed that the data center used until November was breached, resulting 42,020 hashed password theft. " Passwords were salted and hashed per user, but to be safe every user MUST change their password when they next log in. Please do so at your earliest opportunity. If your Seals password was used for any other purpose you should reset those passwords too as a precaution. " and " Transfers may be disabled for a short period of time.". Seals With Clubs used SHA1 hash functions to encrypt the passwords, but SHA1 is outdated and easy to crack if not salted. ' StacyM ', a user then posted the hashed passwords on a web forum o

The German Federal Criminal Police Office (BKA) has arrested a gang of cyber criminals believed to be responsible for creating the Skynet Botnet. Skynet was first detected by Security Firm G DATA in December 2012. It is a variant of the famous Zeus malware to steal banking credentials with DDoS attack and Bitcoin mining capabilities. The Botnet was controlled from an Internet Relay Chat (IRC) server hidden behind Tor network in order to evade sinkholing. According to a press release from German police, they arrested two people suspected of illegally generating Bitcoins worth nearly $1 million using a modified version of existing malware i.e. Skynet Botnet. German police conducted raids earlier this week on 3rd December and found evidence of other hacking activities i.e. Fraud and distribution of copyrighted pornographic material. A third person is under suspicion but has not been arrested. However, Police didn't mention Skynet Botnet in their press release, but just a day

Microsoft today announced that its Digital Crimes Unit ( a center of excellence for advancing the global fight against cybercrime ) has successfully disrupted the ZeroAccess botnet, one of the world's largest and most rampant botnet .The Botnet is " disrupted ," not "fully destroyed" , Microsoft itself admits that " do not expect to fully eliminate the ZeroAccess botnet due to the complexity of the threat. " This is the Microsoft's 8th botnet takedown operation in the past three years. With the help of U.S. Federal Bureau of Investigation  ( FBI ) and Europol's European Cybercrime Centre (EC3), Microsoft led to the seizure of servers that had been distributing malware which has infected nearly 2 million computers all over the world, and with that, ZeroAccess botnet's masters are earning more than $2.7 million every month. ZeroAccess was first identified in 2011 by Symanetc, being used for click fraud, the malware can also be used to illicitly mine the v

Sheep Marketplace , one of the leading anonymous websites, after Silk Road 's closure by U.S. Prosecutors, allegedly selling drugs, has gone offline claiming it was robbed of $6 million worth of Bitcoins . Like Silk Road , Sheep Marketplace was a Deep Web site accessible via the Tor network and quickly grew into a replacement of other popular underground Bazaars. Weeks ago, the Administrator of the Sheep Marketplace announced that withdrawals  from online Wallet would be closed for a few hours as a new feature was being implemented, however deposits were still allowed. Recently, The market's administration left a short message for users, which reads: We are sorry to say, but we were robbed on Saturday 11/21/2013 by vendor EBOOK101. This vendor found a bug in the system and stole 5400 BTC – your money, our provisions, all was stolen. We were trying to resolve this problem, but we were not successful. We are sorry for your problems and inconvenience, all of the current BTC will be di

The increasing public attention of Bitcoin did not go unnoticed by Cyber Criminals who have begun unleashing Bitcoin Mining malware. Security researchers at Malwarebytes warned about a new malware threat, in which Bitcoin Miners are bundled with third party potentially unwanted programs (PUPs) that come bundled with legitimate applications. Malware allow cybercriminals to utilize systems' computing resources for their own gain. " This type of system hijacking is just another way for advertising based software to exploit a user into getting even more cash. " The malware is found to be using ' jhProtominer ' a popular mining software that runs via the command line, to abuse the CPUs and GPUs of infected computers to generate Bitcoins. Upon further investigation Malwarebytes found that the parent of the Bitcoin miner was " monitor.exe ", a part of YourFreeProxy application, which " beacons out constantly, waiting for commands from a remote server, eventually downlo

The breaking news is that, another Bitcoin exchange  company gets hacked i.e. BIPS ( bips.me ), one of the largest European Danish Bitcoin payment processors. On Friday evening, a bunch of cyber criminals just broke into BIPs - Bitcoin payment processor servers and wiped out around 1,295 Bitcoin from people's wallets, currently worth $1 Million. More than 22,000 consumer wallets have been compromised and BIPS will be contacting the affected users. Initially on 15th November, Hackers launched Distributed Denial of Service (DDoS) attack on BIPS, originate from Russia and neighboring countries and then hackers attacked again on 17th November. This time somehow they got access to several online Bitcoin wallets, which allowed them to steal the 1,295 BTC. " As a consequence Bips will temporarily close down the wallet initiative to focus on real-time merchant processing business which does not include storing of Bitcoins. " company says. " All existing users will be aske

Two most important moments in the history of Bitcoin are : Its creation by Satoshi Nakamoto , and the burst of The Silk Road's Founder  Ross William Ulbricht . The silk Road's black market was a Bitcoin economy. According to a report published by two Israeli computer scientists,  Ross William Ulbricht , aka Dread Pirate Roberts , may be financially linked to Satoshi Nakamoto. Even if the Bitcoin buyers and sellers remained anonymous, but the transactions themselves are public, So the scientists were able to trace the interactions. The Scientists, Ron and Shamir were exploring the connection between the operator of Silk Road who was recently arrested by the FBI for running the Internet blackmarket Silk Road and the entity that invented the bitcoin. The bitcoin network was established in 2008 and it has been popularly believed that the first accounts in the early days of the bitcoin were of Satoshi Nakamoto , accumulated some 77,600 BTC as a result of 'mining' Bitcoins

The  CryptoLocker Malware continues to spread, infected more than 12,000 U.S computers in one week and threatening millions of computers in the UK. Just last week, The UK National Crime Agency urge people afflicted by CryptoLocker not to pay ransom, not least because there is no guarantee that they will even receive an unlock key. Not even Police departments are immune to CryptoLocker. In November second week, Massachusetts' Swansea Police Department paid a 2 Bitcoin ($750 that time) ransom to decrypt images and Word documents encrypted by CryptoLocker ransomware . " It gave us 100 hours to pay and it was literally a timer, " said Police Department. " A big red screen comes up with a timer that says you have 100 hours to pay or your files will be encrypted forever. " Malware usually distributed through spam emails, encrypting the user's files on the infected machine and also the local network it is attached to. However, Police Depar

CryptoLocker is an especially insidious form of Ransomeware malware that was first detected in the wild in September 2013, restricts access to infected computers and requires victims to pay a ransom in order to regain full access. What makes CryptoLocker so bad is the way it encrypts the user data on your hard drive using a strong encryption method. This makes it literally impossible to access your own data without paying the ransom amount to the criminals between $100 and $300 or two  Bitcoins , even now more. Once affected you will be locked out of your computer and unless you pay the ransom amount in 72 hours , the virus will delete the decryption key to decrypt all the files on your PC . The malware lands on PCs the same way other malware does and a few sensible precautions will help minimize the chances of a CrytoLocker attack. Yesterday, we reported that - UK's National Crime Agency has given out an urgent national alert that a mass spamming event target

The UK's National Crime Agency has given out an urgent national alert that a mass spamming event targeting 10 million UK based email users with a piece of malware called CryptoLocker that encrypts your files and then demands a ransom money to restore access. The agency has said that the people who are majorly receiving targeted spam emails that appear to be from banks and other financial institutions. Each email comes with attachments that look like files such as a voicemail, fax, an invoice or details of a suspicious transaction, but is in fact Cryptolocker Ransomware malware that encrypts the user's computer. The public should be aware not to click on any such attachment. On Infected system, The Cryptolocker Malware screen will then display a countdown timer that demands the payment of 2 Bitcoins in ransom, worth around £536, for the decryption key. The NCCU is trying to trace that who is sending the emails. " We are working in cooperation wit

Another Bitcoin Exchange hacked!  Bitcash. CZ based out of the Czech Republic has been hacked and Money from 4000 Bitcoin wallets have been Stolen, value of over 2 million Czech Koruna i.e. Approx $100,000. Bitcash.cz  is currently down with a maintenance message that on the evening of November 11, their server was compromised by unknown Hackers and  bitcoins from its clients were stolen. Hackers appear to have sent emails from Bitcash.cz email accounts pretending to be members of staff. The emails claim the company had to use a US recovery company to get back the bitcoins that have been stolen and recipients are then apparently asked to send 2 BTC to a wallet address in order for their bitcoins to be returned. " We are trying to resolve the situation, but we want to warn our users about fraudulent emails and scams [claiming to be from Bitcash] " site said on their Facebook page. Meanwhile, GBL, the Chinese Bitcoin exchange mysteriously disappeared, t

There's an extraordinary malware making rock-n-roll over the Internet and if you are one of the unlucky folks to cross its path, then it could make your computer unusable and you have to pay a few hundred Dollars to retrieve your important data back. We have warned our readers in many  previous articles about a nasty piece of Ransomware malware called ' CryptoLocker ', which is targeting computers running the Microsoft Windows operating system. The CryptoLocker  Ransomware encrypts the files on a victim's computer and issues an ultimatum - Pay up or lose your data . Users who are getting infected with CryptoLocker can see a message informing them that their computer is locked up and their files encrypted. It then asks them to make a ransom payment, which typically ranges between $100 and $700 or 2 Bitcoins , to get their files back. Just yesterday I noticed on a forum that the criminals behind the CryptoLocker malware has recently launched a dedicated  Cry

When you're online, you expose your vulnerability to malicious virus that have been growing in virulence and ferocity over the last few years.  Among home PC users, you may think that you protected from malicious software by Installing an effective, trusted antivirus solution, but most if the Antivirus solutions still it merely finds and removes any known threats. But what if someday you turn on your system and you will find a pop up window with a warning that says " Your system is Locked and Important drives are encrypted and there is no way out unless you will not Pay fine ". This is what Ransomware malware does to your system. Ransomware is the most serious emerging threat in the virtual world of computing devices. Ransomware is a kind of malware which is designed to Block access to the computing system or can lock your system until an amount of money is paid through Internet banking. Ransomware is usually installed when you open a malicious atta