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The Hacker News - Cybersecurity News and Analysis: Bitcoin

How Just Opening an MS Word Doc Can Hijack Every File On Your System

How Just Opening an MS Word Doc Can Hijack Every File On Your System

February 19, 2016Unknown
If you receive a mail masquerading as a company's invoice and containing a Microsoft Word file, think twice before clicking on it. Doing so could cripple your system and could lead to a catastrophic destruction. Hackers are believed to be carrying out social engineering hoaxes by adopting eye-catching subjects in the spam emails and compromised websites to lure the victims into installing a deadly ransomware, dubbed " Locky ," into their systems. So if you find .locky extension files on your network shares, Congratulations! You are infected and left with just two solutions: Rebuild your PC from scratch or Pay the ransom. Locky ransomware is spreading at the rate of 4000 new infections per hour , which means approximately 100,000 new infections per day . Microsoft MACROS are Back It is hard to digest the fact that, in this 2016, even a single MS Word document could compromise your system by enabling ' Macros .' This is where the poin
Wanna Mine Bitcoins Faster? Researchers Find New Way to Do it

Wanna Mine Bitcoins Faster? Researchers Find New Way to Do it

February 15, 2016Unknown
A new machine for Bitcoin Mining called " Approximate Hardware " would make Bitcoin mining easier. Bitcoin had gained tremendous popularity over a few couple of years among the virtual currencies due to its decentralized principle. Mining a single Bitcoin is not an ice cake walk, as it requires an enormous amount of computing power to dig Bitcoins. To overcome this issue and mine Bitcoins faster, security researchers has conducted a study and made a new loophole in the mining process in an effort to mine the Bitcoins easily. How to Mine Bitcoins Faster? A team of Illinois-based researchers led by Indian Scientist, Rakesh Kumar, has designed a new hardware named " Approximate " that could reduce the pain of Bitcoin mining by 30 percent. The proposed system would make use of the faults in the hardware system such as: False Positives where an error is not present but notifies a fake error. False Negatives where an error is present but
Nasdaq to Use Bitcoin-style Blockchain to Record Shareholder Votes

Nasdaq to Use Bitcoin-style Blockchain to Record Shareholder Votes

February 13, 2016Wang Wei
The Nasdaq stock exchange and the Republic of Estonia have announced the use of Blockchain-based technology to allow shareholders of companies to e-vote in shareholder meetings even when they're abroad, according to Nasdaq's press release. Global stock market giant is developing an electronic shareholder voting system implemented on the top of Blockchain technology that underpins Bitcoins . Blockchain – the public and decentralized ledger technology underpins all Bitcoin transactions and logs each transfer of an asset in an encrypted "block" that is added to a permanent, transparent chain showing every deal associated with that asset. Even some of the world's major banks are also considering the adoption of the Blockchain technology. In the mid of last year, 9 of the World's renowned Banks, including JPMorgan, Royal Bank of Scotland, Goldman Sachs and Barclays , collaborated with New York-based financial tech firm R3 to create a new fram
Bitcoin Core Developers Quit Bitcoin Project to Launch a New Digital Currency

Bitcoin Core Developers Quit Bitcoin Project to Launch a New Digital Currency

December 28, 2015Swati Khandelwal
Some of Bitcoin's Core developers have left the Bitcoin project and started building their separate cryptocurrency called DECRED . Decred aims to prevent the issues Bitcoin is currently facing regarding project governance and development funding. CEO of ' Company 0 ', Mr. Jacob Yocom-Piatt , who has funded Bitcoin development since early 2013, said the actual development of the Bitcoin cryptocurrency is funded by external entities that forms a conflict of interests between the groups and the project's core developers. According to Bitcoin's developers, these group puts limitations on input in Bitcoin's governance, selecting options that are favorable to their own interests only, and generally ignoring the developers' and project's best interests. "The Bitcoin software is controlled by a small group of people who decide exclusively what can and cannot be changed," Jacob says in a press release . "This is in part due to a la
Police Raid alleged Bitcoin Creator Craig Wright's Home in Sydney

Police Raid alleged Bitcoin Creator Craig Wright's Home in Sydney

December 09, 2015Mohit Kumar
Just hours after the Australian man ' Craig Steven Wright ' outed as the possible real identity of Satoshi Nakamoto , the anonymous creator of Bitcoin, Australian Police raided his home in Sydney. Over 10 police officers raided Wright's home in the Sydney suburbs on Wednesday afternoon. They forcefully opened the door, and 'started searching the cupboards and surfaces of the garage.' However, the Sydney police raid at Wright's home is not associated with the claims of his being involved in creating Bitcoins, rather related to the Australian Taxation Office investigation, the Guardian reported . Wright was recently identified as the mysterious creator of Bitcoin, based on leaked transcripts of legal interviews and a number of emails and blog posts. However, neither Dr. Wright nor anyone else has publicly confirmed the real identity of the founder of Bitcoin Satoshi Nakamoto. In a statement, the Australian Federal Police (AFP) officers said the raids weren
Bitcoin Creator 'Satoshi Nakamoto' Unmasked! An Australian Man 'Craig Wright' identified...

Bitcoin Creator 'Satoshi Nakamoto' Unmasked! An Australian Man 'Craig Wright' identified...

December 09, 2015Swati Khandelwal
Breaking Update:   Police Raid alleged Bitcoin Creator Craig Wright's Home in Sydney . Yes, Satoshi Nakamoto , the mysterious creator of the Bitcoin digital cryptocurrency has possibly been identified as an Australian entrepreneur, according to investigations independently done by Wired and Gizmodo . His name is Craig Steven Wright … ...at least based on some convincing evidence shown by both the publications. Bitcoin is a revolutionary virtual currency developed around Blockchain , a complicated cryptographic protocol and a global computers network that oversees and verifies which Bitcoins have been spent by whom. The identity of the ones spending Bitcoins are extremely difficult to trace because of its anonymous nature, therefore, are very popular among criminals. Also Read:   Meet The World's First Person Who Hacked His Body to Implant a Bitcoin Payment CHIP Satoshi Nakamoto is not only the father of an entire economy worth Billions of dollars,
Hackers claim ISIS Militants linked to Paris Attacks had a Bitcoin Wallet worth $3 Million

Hackers claim ISIS Militants linked to Paris Attacks had a Bitcoin Wallet worth $3 Million

November 16, 2015Wang Wei
The world watched in horror as coordinate attacks in Paris Friday night killed more than 130 people and  left over 352 injured. Over 20 attackers have so far been part of the terrorist cell that planned the deadly Paris attacks, with seven suicide bombers dead, seven attackers under arrest and a total of six people on the run. Also Read:  NO, We Can't Blame Edward Snowden and Encryption for Terror Attacks . The attacks were carried out by Islamic State (ISIS) , who later claimed responsibility for targeting innocent people at 'soft' locations that lack police or military protection, including Bataclan concert venue where at least 89 people lost their lives. Following the bloody terror attacks, the hacktivist collective Anonymous declared war on the Islamic State ( IS, formerly ISIS/ISIL ) saying, " We will launch the biggest operation ever against you. " But the Question here is: From Where did the terrorist cell that planned the brutal terrorist attacks i
Linux Ransomware targeting Servers and Threatening Webmasters to Pay

Linux Ransomware targeting Servers and Threatening Webmasters to Pay

November 09, 2015Swati Khandelwal
Since past few years, Ransomware has emerged as one of the catastrophic malware programs that lets hacker encrypts all the contents of a victim's hard drive or/and server and demands ransom (typically to be paid in Bitcoin ) in exchange for a key to decrypt it. Until now cyber criminals were targeting computers, smartphones and tablets, but now it appears they are creating ransomware that makes the same impact but for Web Sites – specifically holding files, pages and images of the target website for Ransom. Dubbed Linux.Encoder.1 by Russian antivirus firm Dr.Web , the new strain of ransomware targets Linux-powered websites and servers by encrypting MySQL, Apache, and home/root folders associated with the target site and asking for 1 Bitcoin ( ~ $300 ) to decrypt the files. The ransomware threat is delivered to the target website through known vulnerabilities in website plugins or third-party software. Must Read: FBI Suggests Ransomware Victims — 'Just Pay th
Kim Dotcom's Decentralized Internet — For You, Powered By You

Kim Dotcom's Decentralized Internet — For You, Powered By You

November 03, 2015Swati Khandelwal
Imagine the internet that would offer you to communicate privately with anyone else without censorship, safe from the prying eyes of surveillance authorities…. … Decentralized, Encrypted, Peer-to-Peer Supported and especially a non-IP Address based Internet. Yeah, a New Private Internet that would be harder to get Hacked. This Internet is a dream of all Internet users today and, of course, Kim Dotcom – the Famous Internet entrepreneur who introduced legendary Megaupload and MEGA file sharing services to the World. Kim Dotcom announced plans to start his very own private internet at the beginning of this year and has now revealed more details about MegaNet — a decentralized, non-IP based network that would share data via " Blockchains ," the technology behind Bitcoins. On Thursday, Dotcom remotely addressed a conference in Sydney, Australia, where he explained how MegaNet will utilize the power of mobile phones and laptops to operate. How will M
Meet The World's First Person Who Hacked His Body to Implant a Bitcoin Payment CHIP

Meet The World's First Person Who Hacked His Body to Implant a Bitcoin Payment CHIP

November 02, 2015Swati Khandelwal
Hackers are now going crazy and trying new ways in Biohacking . Until now, we have seen a hacker who implanted a small NFC chip in his hand in order to hack Android smartphones and bypass almost all security measures. However, now the level of craziness has gone to a whole new level. A Swedish hacker has devised a neat trick that makes him able to buy groceries or transfer money between bank accounts by just waving his hand. Yes, you heard that right.  Patric Lanhed , a software developer at DigitasLBi, implanted a small NFC (Near Field Communications) chip with the private key to his Bitcoin wallet under his skin. So How Does the Trick Work? So, while sending Bitcoin payment from one digital wallet to another, he just has to wave his hands against an NFC chip reader that will scan the data, and a custom software will confirm the authenticity of the key, triggering the money transfer. A proof-of-concept video demonstration by Patric and his acquaintanc
15-year-old Boy Arrested in connection with TalkTalk Cyber Attack

15-year-old Boy Arrested in connection with TalkTalk Cyber Attack

October 27, 2015Khyati Jain
The arrest is the first major outcome since TalkTalk – the biggest phone and broadband provider in the UK with more than 4 Million customers – had suffered a serious data breach. The Police Service of Northern Ireland (PSNI) and the investigating officers from the Metropolitan police's cyber crime unit (MPCCU) have arrested a 15-year-old boy in connection with the latest cyber attack on TalkTalk . The press release issued by the police said the boy was detained in County Antrim at about 4.20pm on Monday on suspicion of committing offences under the Computer Misuse Act. The Computer Misuse Act 1990 is an act of the Parliament of the United Kingdom, according to which any computer misuse offences like: Unauthorised access to computer material. Unauthorised access with the intent to commit further offences. Unauthorised acts with the intent to impair, or with recklessness as to impairing, operation of the computers, and other electronic devices. ...Are consi
'Bitcoin is Now Officially a Commodity' — US Regulator Declared

'Bitcoin is Now Officially a Commodity' — US Regulator Declared

September 21, 2015Khyati Jain
Bitcoins are making their way, in Bits and Pieces. In a recent report The Hacker News (THN) had mentioned about banks adopting the Blockchain Technology from Bitcoins ; to create a safe and secure distributed ledger. Now, last week U.S. Commodity Future Trading Commission (CFTC) , has added Bitcoins and other virtual currencies to the commodities basket which previously includes Gold, Crude Oil, foreign exchange, and Stocks. CFTC is an oversight committee of the USA, established to protect the interest of the people who have invested in any of the commodities by ensuring the conduct of no malpractices. The commodity swaps are working according to the Commodity Exchange Act (CEA). BITCOIN - Commodity for the Conduct of Trade Implying which now the Bitcoins and other virtual currencies, considered as cryptocurrency earlier, are now known as commodities for the conduct of trade. Moreover, after being tagged as a commodity and making its entry into CEA by CFT
World's 9 Biggest Banks to adopt Bitcoin's Blockchain Technology

World's 9 Biggest Banks to adopt Bitcoin's Blockchain Technology

September 17, 2015Khyati Jain
The Existing Infrastructure used by Financial institutions like Banks is Archaic, Slow, and Costly, with hardly any innovation in the past three decades. Nine of the World's renowned Banks, including JPMorgan , Royal Bank of Scotland , Goldman Sachs and Barclays , are collaborating with New York-based financial tech firm R3 to create a new framework based on Bitcoin's Blockchain. Yes, they are back in the game yet again, but this time officially! Blockchain — the public and decentralized ledger technology that underpins all Bitcoin transactions has been now recognized as " the future for financial services infrastructure ". The blockchain technology is a way of keeping records by listing the owner's name with all the previous and present transaction the client was involved. It is a public ledger where a list of all the transactions ever executed is maintained. The Banks are planning to develop and implement Blockchain-like Technology where distributed/shared
Mt.Gox Bitcoin Exchange CEO Arrested by Japanese Police

Mt.Gox Bitcoin Exchange CEO Arrested by Japanese Police

August 03, 2015Mohit Kumar
Remember  Mt.Gox ? Once the world's largest Bitcoin exchange… ...then in early 2014, Tokyo-based Mt.Gox Bitcoin exchange filed for bankruptcy saying it lost some 8,50,000 Bitcoins (worth $64 Million) to hackers and suddenly went dark with no explanation. Last Friday, Mark Karpeles , the former CEO of the collapsed Mt.Gox, was arrested by Tokyo Metropolitan Police in connection with the disappearance of Bitcoins worth £247 Million. Police believe Mr. Karpeles had accessed the computer system of the Bitcoin exchange and manipulated the outstanding balance to cover up fraudulent transactions. The company said at the time that 750,000 customers' Bitcoins and another 100,000 belonging to the exchange were stolen due to an unknown vulnerability in the company's software. While he is not yet been charged, the authorities are investigating his involvement in the stealing of Millions of dollars of the Bitcoin virtual currency when the exchange collapsed in 2014. Mt
Lessons We Learned From Ashley Madison Data Breach

Lessons We Learned From Ashley Madison Data Breach

July 21, 2015Swati Khandelwal
Do you use your Real Identity online and think about being private? If yes, then you are insane. Ashley Madison , the popular online dating website with tagline " Life is short. Have an affair ", recently got hacked , reportedly exposing a sample of its users' account information and other personal data online. The hacker group, called itself ' The Impact Team ', is also threatening to release the real names and all associated data of its 37 Million cheating customers. There are also rumors that the team could sell the stolen data for lots of money, instead of revealing it all for free. This isn't first time when the customers of online hooking site are scared of being exposed, two months ago the sex life of almost 4 Million users of Adult Friend Finder was made available on underground market for sale for 70 Bitcoins ($16,800). Lesson we Learned from These Hacks The Ashley Madison hack raises serious questions about what these compa
Bitcoin Cloud Mining Service Hacked; Database On Sale for Just 1 Bitcoin

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

July 13, 2015Swati Khandelwal
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
Two Federal Agents Charged with Stealing Bitcoins During Silk Road Investigation

Two Federal Agents Charged with Stealing Bitcoins During Silk Road Investigation

March 31, 2015Mohit Kumar
Two former Federal investigators who helped to shut down the infamous black-market website ' Silk Road ' accused of fraud and stealing more than a Million dollars in Bitcoins during their investigation. Silk Road, an infamous online drug market that hosted more than $200 Million in transactions, was seized by the FBI in 2013, but during that period two of FBI agents took advantage of their position. CHARGES AGAINST FEDS The US Department of Justice indictment charges 46-year-old former Drug Enforcement Agency (DEA) special agent Carl Force , and 32-year-old former Secret Service agent Shaun Bridges , with the following charges: Theft of government property Wire fraud Money laundering Conflict of interest MILLION DOLLAR EXTORTION Both Force and Bridges were part of Baltimore's Silk Road Task Force to investigate illegal activity in the black marketplace. The creator of Silk Road, Ross Ulbricht, was arrested and found guilty of running the Tor-h
Sheep Marketplace Owner Arrested While Trying to Buy Luxury Home

Sheep Marketplace Owner Arrested While Trying to Buy Luxury Home

March 29, 2015Swati Khandelwal
Thomas Jiřikovský , an alleged Owner of one of the most popular Darknet website ' Sheep Marketplace , ' has been arrested after laundering around $40 Million, making it one of the biggest exit scams in Darknet history. After the arrest of Silk Road owner 'Ross Ulbricht' in 2013 -- Sheep Marketplace became the next famous anonymous underground marketplace among Black Market customers for selling illicit products, especially drugs. But only after few weeks, Sheep Marketplace was suddenly disappeared and was taken offline by its owner, who had been suspected of stealing $40 million worth of Bitcoins at the time when Bitcoin market value was at the peak. Shortly after this Bitcoin Scam, a Darknet commentator ' Gwern Branwen ' doxed the owner, and the suspect was identified -- Thomas Jiřikovský as the owner of the black market website. Unfortunately, Jiřikovský forgot to hide his identity and residential address from the Internet, which was exposed by his Facebook
Deep Web Drug Market Disappeared suddenly Overnight, $12 Million in Bitcoin Missing

Deep Web Drug Market Disappeared suddenly Overnight, $12 Million in Bitcoin Missing

March 18, 2015Mohit Kumar
Evolution -- The largest Deep Web drugs marketplace, disappeared suddenly overnight from the Internet. But unlike Silk Road, there is no indication that the law enforcement took down the Evolution marketplace. The Darknet's most popular markets for drugs and bespoke carjacking services is mysteriously offline Wednesday with rumours circulating over the Internet that its own administrators may have just scammed its huge user base and stole $12 Millions in Bitcoin. The Evolution black marketplace opened in January 2014, and gained popularity after the shutdown of Silk ​Road and arrest of its unassuming founder, Ross U​lbricht , with a promise of less fraud. Like Silk Road , Evolution also dealt in drugs, as well as illegal weapons, counterfeit goods, stolen credit cards and guides to committing fraud. Evolution was only accessible through anonymity Tor network. At the time of its apparent vanish, Evolution was home to nearly 20,000 drug sales, far more than Silk Road
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