The Hacker News - Cybersecurity News and Analysis: BGP attack

Till now, he have heard about " Bitcoin digital wallet hacked " or " Bitcoin website hacked ", but now a hacker has stolen cryptocurrency from mining pools and generated $83,000 in digital cash in more than four months by gaining access to a Canadian Internet provider. Bitcoin is a virtual currency that makes use of cryptography to create and transfer bitcoins. Users make use of digital wallets to store bitcoin addresses from which bitcoins are received or sent. Bitcoin uses public-key cryptography so that each address is associated with a pair of mathematically linked public and private keys that are held in the wallet. Researchers at Dell SecureWorks Counter Threat Unit (CTU) , a cyber intelligence company, have discovered a series of malicious activities in which a cryptocurrency thief used bogus Border Gateway Protocol ( BGP ) broadcasts to hijack networks belonging to no less than 19 Internet service providers, including Amazon and other hosting services like DigitalO

The Internet is becoming a dangerous place day-by-day and especially for those innocent web users who rely on 3rd party services. The latest bad news is that the World's largest and most widely used Google's free public DNS (Domain name system) resolvers  raised   security red flags yesterday. DNS is the master address list for the Internet, which translates IP addresses into human readable form and vice versa. According to Internet monitoring firm BGPmon , Google's DNS server 8.8.8.8 /32 was hijacked yesterday for 22 minutes. The Google's DNS server handles around 150 billion queries a day and during the 22 minutes of hijacking, millions of Internet users, including Financial institutions , Governments were redirected to BT's (British multinational telecommunications services company) Latin America division in Venezuela and Brazil. It is suspected that Hackers exploited a well-known  vulnerability in the so-called Border Gateway Protocol ( BGP) , which