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Ransomware Hackers and Scammers Utilizing Cloud Mining to Launder Cryptocurrency

Ransomware Hackers and Scammers Utilizing Cloud Mining to Launder Cryptocurrency

Jun 15, 2023 Cryptocurrency / Ransomware
Ransomware actors and cryptocurrency scammers have joined nation-state actors in abusing cloud mining services to launder digital assets, new findings reveal. "Cryptocurrency mining is a crucial part of our industry, but it also holds special appeal to bad actors, as it provides a means to acquire money with a totally clean on-chain original source," blockchain analytics firm Chainalysis  said  in a report shared with The Hacker News. Earlier this March, Google Mandiant  disclosed  North Korea-based APT43's use of the hash rental and cloud mining services to obscure the forensic trail and wash the stolen cryptocurrency "clean." Cloud mining services  allow users to rent a computer system and use that computer's hash power to mine cryptocurrencies without having to manage the mining hardware themselves. But according to Chainalysis, it's not just nation-state hacking crews who are leveraging such services in the wild. In one example highlighted by
Bitcoin Cloud Mining Service Hacked; Database On Sale for Just 1 Bitcoin

Bitcoin Cloud Mining Service Hacked; Database On Sale for Just 1 Bitcoin

Jul 13, 2015
Bitcoin Cloud Mining service Cloudminr.io has been hacked and its whole users database is on sale for 1 Bitcoin . The unknown hackers have successfully taken full control of the website's server and defaced the homepage of the website. Users visiting the website are greeted with a defaced homepage showing the partial database of around 1000 clients including their usernames and unencrypted passwords in completely plain text format. This clearly indicates that the company is not following the best security practices to secure their users private data as the passwords were not even hashed before storing into the database. Hackers offering around 80,000 users database for 1BTC The database of 1000 users shown on the website homepage is just a sample given by the hackers while they have compromised around 80,000 users database in total from the cloud mining service. The hackers are offering the entire database of thousands of users for the just 1BTC , w
How to Achieve the Best Risk-Based Alerting (Bye-Bye SIEM)

How to Achieve the Best Risk-Based Alerting (Bye-Bye SIEM)

Feb 19, 2024Network Detection and Response
Did you know that Network Detection and Response (NDR) has become the most effective technology to detect cyber threats? In contrast to SIEM, NDR offers adaptive cybersecurity with reduced false alerts and efficient threat response. Are you aware of  Network Detection and Response (NDR)  and how it's become the most effective technology to detect cyber threats?  NDR massively upgrades your security through risk-based alerting, prioritizing alerts based on the potential risk to your organization's systems and data. How? Well, NDR's real-time analysis, machine learning, and threat intelligence provide immediate detection, reducing alert fatigue and enabling better decision-making. In contrast to SIEM, NDR offers adaptive cybersecurity with reduced false positives and efficient threat response. Why Use Risk-Based Alerting? Risk-based alerting is an approach where security alerts and responses are prioritized based on the level of risk they pose to an organization's system
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