Bitcoin | Breaking Cybersecurity News | The Hacker News

A former United States undercover agent who stole hundreds of thousands of dollars worth of Bitcoins during an investigation into the underground drug marketplace Silk Road is now suspected of stealing even more of the cryptocurrency from two other cases. Shaun Bridges is one of two former US agents who pleaded guilty last year and was sentenced in December to almost six years in prison for stealing over $800,000 in Bitcoin while investigating the Darknet marketplace. Bridges and his partner stole money from Silk Road accounts and framed someone else for it, which lead the Silk Road chief Ross Ulbricht to plan a murder. Ulbricht is now serving life in prison sentence . Ulbricht was convicted in February 2015 of running the underground black market . According to court filings unsealed on Thursday, Bridges is believed to have stolen additional funds from a Secret Service account on two different occasions months after he was initially charged. Bridges and 46-year-old fo

Meet this Robin Hood Hacker: Phineas Fisher, who breached Hacking Team last year, revealed on Reddit Wednesday that he hacked a bank and donated the money to Kurdish anti-capitalists in Rojava autonomous region in northern Syria that borders territory held by the ISIS ( Islamic State militant group ). Fisher, also known as "Hack Back" and "@GammaGroupPR," claimed responsibility for both the Hacking Team and Gamma Group data breaches. The vigilant hacker donated 25 Bitcoin (worth around US$11,000) to a crowdfunding campaign known as the Rojan Plan, which has been set up by members of the Rojava's economic committee, described by Fisher as "one of the most inspiring revolutionary projects in the world." Also Read:  Here's How Hackers Stole $80 Million from Bangladesh Bank The funds donated to the campaign came from a bank heist, though the hacker neither revealed the name of the bank nor provided any further details of the bank heist. Whe

Over the past two years, a shocking  51% of organizations surveyed in a leading industry report have been compromised by a cyberattack.  Yes, over half.  And this, in a world where enterprises deploy  an average of 53 different security solutions  to safeguard their digital domain.  Alarming? Absolutely. A recent survey of CISOs and CIOs, commissioned by Pentera and conducted by Global Surveyz Research, offers a quantifiable glimpse into this evolving battlefield, revealing a stark contrast between the growing risks and the tightening budget constraints under which cybersecurity professionals operate. With this report, Pentera has once again taken a magnifying glass to the state of pentesting to release its annual report about today's pentesting practices. Engaging with 450 security executives from North America, LATAM, APAC, and EMEA—all in VP or C-level positions at organizations with over 1,000 employees—the report paints a current picture of modern security validation prac

Yesterday, BBC broke a story allegedly revealing Craig Wright as the original creator of Bitcoin digital currency Satoshi Nakamoto. However, the highly skeptical cryptographic community is definitely not yet convinced with the technical proofs Wright has yet provided to the media outlets and on his  blog . Now, Wright has promised to provide further evidence for his claim that he is behind the pseudonym, Satoshi Nakamoto. Wright's spokesman told BBC that he would " move a coin from an early block " of Bitcoin owned by Nakamoto " in the coming days. " However, the spokesman did not specify a deadline. " So, over the coming days, I will be posting a series of pieces that will lay the foundations for this extraordinary claim, which will include posting independently-verifiable documents and evidence addressing some of the false allegations that have been levelled, and transferring bitcoin from an early block. ", Wright said in a latest blog post

The mysterious creator of the BITCOIN digital cryptocurrency seems to have been identified as an Australian entrepreneur, and his name is: Craig Steven Wright. Five months after Wright, an Australian computer scientist and businessman was outed as Satoshi Nakamoto , revealed himself as the original inventor of Bitcoin digital currency. Wright has published a blog post offering Cryptographic Key as proof of his work, backed up by other technical information and the prominent Bitcoin community members have also corroborated his claim. However, Satoshi Nakamoto has always shown the desire to remain anonymous, while Wright has not. " I am not seeking publicity, but want to set the record straight, " he explains. Wright has provided some technical proofs to BBC , The Economist, and GQ media outlets that link him to the identity of Nakamoto. Craig Wright Claims He is Satoshi Nakamoto At the meeting with the BBC and Economist, he digitally signed messages using th

Ransomware has risen dramatically since last few years and is currently one of the most popular threats on the Internet. The Ransomware infections have become so sophisticated with the time that victims end up paying ransom in order to get their critical and sensitive data back. But if you are infected with Petya Ransomware , there is good news for you. You can unlock your infected computer without paying the hefty ransom. Thanks to the Petya author who left a bug in the Ransomware code. What is Petya Ransomware? Petya is a nasty piece of ransomware that emerged two weeks ago and worked very differently from any other ransomware. The ransomware targets the victims by rebooting their Windows computers, encrypting the hard drive's master boot file, and rendering the master boot record inoperable. Also Read:  How to Decrypt CoinVault and Bitcryptor Ransomware A master boot record (MBR) is the information in the first sector of any hard disk that ide

Microsoft reckoned Bitcoin was the future of payment system and added it as a payment option for Windows store at the end of 2014, but the company has silently pulled support for Bitcoin in the Windows 10 Store. In November 2014, Microsoft struck a deal with third-party bitcoin payment processor ' Bitpay ' that allowed people to use Bitcoin to purchase Microsoft's products and services from Windows Stores. However, Microsoft quietly updated the Windows Store FAQ that popped up " Microsoft Store doesn't accept Bitcoin. " The end of support for Bitcoin payments only applies to Windows 10 and Windows 10 Mobile stores.  "Microsoft Store doesn't accept Bitcoin. You can no longer redeem Bitcoin into your Microsoft account," the update reads. "Existing balances in your account will still be available for purchases from Microsoft Store, but can't be refunded." In short, you can make use of an existing balance in your accou

In last few years, we saw an innumerable rise in ransomware threats ranging from Cryptowall to Locky ransomware discovered last week. Now, another genre of ransomware had been branched out from the family of CTB-Locker Ransomware with an update to infect Websites. The newly transformed ransomware dubbed " CTB-Locker for Websites " exclusively hijacks the websites by locking out its data, which would only be decrypted after making a payment of 0.4 BTC. This seems to be the very first time when any ransomware has actually defaced a website in an attempt to convince its administrator to comply with the ransom demand. However, the infected website admins can unlock any 2 files by the random generator for free as a proof of decryption key works. Here's How CTB-Locker for Websites Ransomware Works Lawrence explained that CTB-Locker ransomware replaces the index page ( the original index.php or index.html ) of the servers hosting websites with the

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

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

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

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

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

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,

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

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

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

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