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Kraken Crypto Exchange Hit by $3 Million Theft Exploiting Zero-Day Flaw

Kraken Crypto Exchange Hit by $3 Million Theft Exploiting Zero-Day Flaw

Jun 19, 2024 Cybercrime / Crypto Security
Crypto exchange Kraken revealed that an unnamed security researcher exploited an "extremely critical" zero-day flaw in its platform to steal $3 million in digital assets and refused to return them. Details of the incident were shared by Kraken's Chief Security Officer, Nick Percoco, on X (formerly Twitter), stating it received a Bug Bounty program alert from the researcher about a bug that "allowed them to artificially inflate their balance on our platform" without sharing any other details Within minutes of receiving the alert, the company said it identified a security issue that essentially permitted an attacker to "initiate a deposit onto our platform and receive funds in their account without fully completing the deposit." While Kraken emphasized that no client assets were at risk due to the issue, it could have enabled a threat actor to print assets in their accounts. The problem was addressed within 47 minutes, it said. It also said the fl
Top 5 Bug Bounty Platforms to Watch in 2021

Top 5 Bug Bounty Platforms to Watch in 2021

Feb 08, 2021
While Gartner does not have a dedicated Magic Quadrant for Bug Bounties or Crowd Security Testing yet, Gartner Peer Insights already lists 24 vendors in the "Application Crowdtesting Services" category. We have compiled the top 5 most promising bug bounty platforms for those of you who are looking to enhance your existing software testing arsenal with knowledge and expertise from international security researchers:  1. HackerOne Being a unicorn backed by numerous reputable venture capitalists,  HackerOne  is probably the most well-known and recognized Bug Bounty brand in the world. According to their most recent annual report, over 1,700 companies trust the HackerOne platform to augment their in-house application security testing capacities. The report likewise says that their security researchers earned approximately $40 million in bounties in 2019 alone and $82 million cumulatively. HackerOne is also famous for hosting US government Bug Bounty programs, including the
10,000 Victims a Day: Infostealer Garden of Low-Hanging Fruit

10,000 Victims a Day: Infostealer Garden of Low-Hanging Fruit

Jul 15, 2024Cyber Crime / Data Protection
Imagine you could gain access to any Fortune 100 company for $10 or less, or even for free. Terrifying thought, isn't it? Or exciting, depending on which side of the cybersecurity barricade you are on. Well, that's basically the state of things today. Welcome to the infostealer garden of low-hanging fruit. Over the last few years, the problem has grown bigger and bigger, and only now are we slowly learning its full destructive potential. In this article, we will describe how the entire cybercriminal ecosystem operates, the ways various threat actors exploit data originating from it, and most importantly, what you can do about it. Let's start with what infostealer malware actually is. As the name suggests, it's malware that... steals data. Depending on the specific type, the information it extracts might differ slightly, but most will try to extract the following: Cryptocurrency wallets Bank account information and saved credit card details Saved passwords from various apps Bro
The Rise of the Open Bug Bounty Project

The Rise of the Open Bug Bounty Project

Feb 06, 2020
Can you imagine launching a global bug bounty platform with almost 500,000 submissions and 13,000 researchers without consuming a cent from venture capitalists? If not, this success story is for you. The once skyrocketing bug bounty industry seems to be not in the best shape today. While prominent security researchers are talking about a growing multitude of hurdles they experience with the leading commercial bug bounty platforms, the latter are trying to reinvent themselves as "next-generation penetration testing" or similar services. You be the judge of how successful they will be. Generous venture funds have poured many millions into rapidly spending bug bounty startups that have not replaced Managed Penetration Testing (MPT) services (as some declared). However, these startups have positively improved the price/quality ratio of pen testing services on the global market. Amid the uncertainty for the future of commercial bug bounty platforms, the not-for-profit Op
cyber security

Top 4 Security Risks of GenAI

websiteWizGenAI Security / Technology
Gain a competitive edge and unlock the top 4 major emerging risks within GenAI. This report from Gartner provides insights and recommended actions for security and product leaders.
Apple Opens Its Invite-Only Bug Bounty Program to All Researchers

Apple Opens Its Invite-Only Bug Bounty Program to All Researchers

Dec 20, 2019
As promised by Apple in August this year, the company today finally opened its bug bounty program to all security researchers, offering monetary rewards to anyone for reporting vulnerabilities in the iOS, macOS, watchOS, tvOS, iPadOS, and iCloud to the company. Since its launch three years ago, Apple's bug bounty program was open only for selected security researchers based on invitation and was only rewarded for reporting vulnerabilities in the iOS mobile operating system. However, speaking at a hacking conference in August this year, Ivan Krstić, head of Apple Security Engineering and Architecture at Apple, announced the company's upcoming extended bug bounty program which included three main highlights: an enormous increase in the maximum reward from $200,000 to $1.5 million, accepting bug reports for all of its operating systems and latest hardware, opening the program for all researchers. Now starting from today, all security researchers and hackers are
Google Offers Financial Support to Open Source Projects for Cybersecurity

Google Offers Financial Support to Open Source Projects for Cybersecurity

Dec 18, 2019
Besides rewarding ethical hackers from its pocket for responsibly reporting vulnerabilities in third-party open-source projects, Google today announced financial support for open source developers to help them arrange additional resources, prioritizing the security of their products. The initiative, called " Patch Rewards Program ," was launched nearly 6 years ago, under which Google rewards hackers for reporting severe flaws in many widely used open source software, including OpenSSH, OpenSSL, Linux kernel, Apache, Nginx, jQuery, and OpenVPN. So far, Google has paid hundreds of thousands of dollars as bounty to hackers across the world who helped improve the overall security of many crucial open source software and technologies that power the Internet, operating systems, and networks. The company has now also decided to motivate volunteer work done by the open source community by providing upfront financial help to project teams, using which they can acquire addition
Microsoft to Reward Hackers for Finding Bugs in Open Source Election Software

Microsoft to Reward Hackers for Finding Bugs in Open Source Election Software

Oct 18, 2019
Fair elections are the lifelines of democracy, but in recent years election hacking has become a hot topic worldwide. Whether it's American voting machines during the 2016 presidential election or India's EVMs during 2014 general elections, the integrity, transparency, and security of electronic voting machines remained questionable, leaving a wound in the minds of many that is difficult to heal. Many countries, including the largest democracy in the world i.e., India, believe the best way to ensure the security of EVMs is to make its technology opaque to bad actors, but in recent years a large section of the population is losing trust in any system that has been certified by a closed group of experts only. To make a balance between transparency and security, in May 2019, Microsoft released a free, open-source software development kit (SDK) called ElectionGuard that aims to enable end-to-end verification of voting. Microsoft's ElectionGuard SDK can be integra
Facebook Now Pays Hackers for Reporting Security Bugs in 3rd-Party Apps

Facebook Now Pays Hackers for Reporting Security Bugs in 3rd-Party Apps

Oct 16, 2019
Following a series of security mishaps and data abuse through its social media platform, Facebook today expanding its bug bounty program in a very unique way to beef up the security of third-party apps and websites that integrate with its platform. Last year, Facebook launched " Data Abuse Bounty " program to reward anyone who reports valid events of 3rd-party apps collecting Facebook users' data and passing it off to malicious parties, violating Facebook's revamped data policies. Apparently, it turns out that most of the time, Facebook users' data that had been misused was exposed in the first place as the result of a vulnerability or security weakness in third-party apps or services. The Facebook ecosystem contains millions of third-party apps, and unfortunately, very few of them have a vulnerability disclosure program or offer bug bounty rewards to white-hat hackers for responsibly reporting bugs in their codebase. Because of this communication g
Google Will Now Pay Anyone Who Reports Apps Abusing Users' Data

Google Will Now Pay Anyone Who Reports Apps Abusing Users' Data

Aug 29, 2019
In the wake of data abuse scandals and several instances of malware app being discovered on the Play Store, Google today expanded its bug bounty program to beef up the security of Android apps and Chrome extensions distributed through its platform. The expansion in Google's vulnerability reward program majorly includes two main announcements. First, a new program, dubbed 'Developer Data Protection Reward Program' (DDPRP), wherein Google will reward security researchers and hackers who find "verifiably and unambiguous evidence" of data abuse issues in Android apps, OAuth projects, and Chrome extensions. Second, expanding the scope of its Google Play Security Rewards Program (GPSRP) to include all Android apps from the Google Play Store with over 100 million or more installs, helping affected app developers fix vulnerabilities through responsibly disclosures.' Get Bounty to Find Data-Abusing Android & Chrome Apps The data abuse bug bounty progr
Apple will now pay hackers up to $1 million for reporting vulnerabilities

Apple will now pay hackers up to $1 million for reporting vulnerabilities

Aug 09, 2019
Apple has just updated the rules of its bug bounty program by announcing a few major changes during a briefing at the annual Black Hat security conference yesterday. One of the most attractive updates is… Apple has enormously increased the maximum reward for its bug bounty program from $200,000 to $1 million—that's by far the biggest bug bounty offered by any major tech company for reporting vulnerabilities in its products. The $1 million payouts will be rewarded for a severe deadly exploit—a zero-click kernel code execution vulnerability that enables complete, persistent control of a device's kernel. Less severe exploits will qualify for smaller payouts. What's more? From now onwards, Apple's bug bounty program is not just applicable for finding security vulnerabilities in the iOS mobile operating system, but also covers all of its operating systems, including macOS , watchOS, tvOS, iPadOS, and iCloud. Since its inception around three years ago, Apple
This Flaw Could Have Allowed Hackers to Hack Any Instagram Account Within 10 Minutes

This Flaw Could Have Allowed Hackers to Hack Any Instagram Account Within 10 Minutes

Jul 15, 2019
Watch out! Facebook-owned photo-sharing service has recently patched a critical vulnerability that could have allowed hackers to compromise any Instagram account without requiring any interaction from the targeted users. Instagram is growing quickly—and with the most popular social media network in the world after Facebook, the photo-sharing network absolutely dominates when it comes to user engagement and interactions. Despite having advanced security mechanisms in place, bigger platforms like Facebook, Google, LinkedIn, and Instagram are not completely immune to hackers and contain severe vulnerabilities. Some vulnerabilities have recently been patched , some are still under the process of being fixed, and many others most likely do exist, but haven't been found just yet. Details of one such critical vulnerability in Instagram surfaced today on the Internet that could have allowed a remote attacker to reset the password for any Instagram account and take complete contr
New Settings Let Hackers Easily Pentest Facebook, Instagram Mobile Apps

New Settings Let Hackers Easily Pentest Facebook, Instagram Mobile Apps

Mar 26, 2019
Facebook has introduced a new feature in its platform that has been designed to make it easier for bug bounty hunters to find security flaws in Facebook, Messenger, and Instagram Android applications. Since almost all Facebook-owned apps by default use security mechanisms such as Certificate Pinning to ensure integrity and confidentiality of the traffic, it makes it harder for white hat hackers and security researchers to intercept and analyze network traffic to find server-side security vulnerabilities. For those unaware, Certificate Pinning is a security mechanism designed to prevent users of an application from being a victim of network-based attacks by automatically rejecting the whole connection from sites that offer bogus SSL certificates. Dubbed " Whitehat Settings ," the new option now lets researchers easily bypass Certificate Pinning on the Facebook-owned mobile apps by: Disabling Facebook's TLS 1.3 support Enabling proxy for Platform API requests
Get paid up to $40,000 for finding ways to hack Facebook or Instagram accounts

Get paid up to $40,000 for finding ways to hack Facebook or Instagram accounts

Nov 21, 2018
Here we have great news for all bug bounty hunters. Now you can get paid up to $40,000 for finding and responsibly reporting critical vulnerabilities in the websites and mobile applications owned by Facebook that could allow cyber attackers to take over user accounts. In the latest post published Tuesday on the Facebook page, the social networking giant announced that it has raised the monetary reward for account takeover vulnerabilities to encourage security researchers and bug bounty hunters in helping Facebook to fix high impact issues before nefarious hackers exploit them. The announcement says: Cybersecurity researchers who find security vulnerabilities in any products owned by Facebook , including Instagram , WhatsApp , and Oculus , that can lead to a full account takeover, including access tokens leakage or the ability to access users' valid sessions, will be rewarded an average bounty of: $40,000 reward—if user interaction is not required at all $25,000 reward—
Tumblr Patches A Flaw That Could Have Exposed Users’ Account Info

Tumblr Patches A Flaw That Could Have Exposed Users' Account Info

Oct 17, 2018
Tumblr today published a report admitting the presence of a security vulnerability in its website that could have allowed hackers to steal login credentials and other private information for users' accounts. The affected information included users email addresses, protected (hashed and salted) account passwords, self-reported location (a feature no longer available), previously used email addresses, last login IP addresses, and names of the blog associated with every account. According to the company, a security researcher discovered a critical vulnerability in the desktop version of its website and responsibly reported it to the Tumblr security team via its bug bounty program. Though the company has not revealed the researcher's name or any technical details about the vulnerability, Tumblr has disclosed that the flaw resided in the "Recommended Blogs" feature of its website. Recommended Blogs has been designed to display a short, rotating list of blogs o
Microsoft Offers $100,000 Bounty for Finding Bugs in Its Identity Services

Microsoft Offers $100,000 Bounty for Finding Bugs in Its Identity Services

Jul 18, 2018
Microsoft today launched a new bug bounty program for bug hunters and researchers finding security vulnerabilities in its "identity services." Hacking into networks and stealing data have become common and easier than ever but not all data holds the same business value or carries the same risk. Since new security today depends on the collaborative communication of identities and identity data within, and across domains, digital identities of customers are usually the key to accessing services and interacting across the Internet. Microsoft said the company has heavily invested in the "creation, implementation, and improvement of identity-related specifications" that encourage "strong authentication, secure sign-on, sessions, API security, and other critical infrastructure tasks." Therefore, to further bolster its customers' security, the tech giant has launched an all-new, and independent bug bounty program. Dubbed Microsoft Identity Bounty
Uber Paid 20-Year-Old Florida Hacker $100,000 to Keep Data Breach Secret

Uber Paid 20-Year-Old Florida Hacker $100,000 to Keep Data Breach Secret

Dec 07, 2017
Last year, Uber received an email from an anonymous person demanding money in exchange for the stolen user database. It turns out that a 20-year-old Florida man, with the help of another, breached Uber's system last year and was paid a huge amount by the company to destroy the data and keep the incident secret. Just last week, Uber announced that a massive data breach in October 2016 exposed personal data of 57 million customers and drivers and that it paid two hackers $100,000 in ransom to destroy the information. However, the ride-hailing company did not disclose identities or any information about the hackers or how it paid them. Now, two unknown sources familiar with the incident have told Reuters that Uber paid a Florida man through HackerOne platform, a service that helps companies to host their bug bounty and vulnerability disclosure program. So far, the identity of the Florida man was unable to be obtained or another person who helped him carry out the hack.
Google Play Store Launches Bug Bounty Program to Protect Popular Android Apps

Google Play Store Launches Bug Bounty Program to Protect Popular Android Apps

Oct 19, 2017
Better late than never. Google has finally launched a bug bounty program for Android apps on Google Play Store, inviting security researchers to find and report vulnerabilities in some of the most popular Android apps. Dubbed " Google Play Security Reward ," the bug bounty program offers security researchers to work directly with Android app developers to find and fix vulnerabilities in their apps, for which Google will pay $1000 in rewards. "The goal of the program is to further improve app security which will benefit developers, Android users, and the entire Google Play ecosystem," the technology giant says in a blog post published today. Google has collaborated with bug bounty platform, HackerOne, to manage backend for this program, like submitting reports and inviting white-hat hackers and researchers. White-hat hackers who wish to participate can submit their findings directly to the app developers. Once the security vulnerability has been resolved, th
Samsung Launches Bug Bounty Program — Offering up to $200,000 in Rewards

Samsung Launches Bug Bounty Program — Offering up to $200,000 in Rewards

Sep 12, 2017
With the growing number of cyber attacks and data breaches, a number of tech companies and organisations have started Bug Bounty programs for encouraging hackers, bug hunters and researchers to find and responsibly report bugs in their services and get rewarded. Samsung is the latest in the list of tech companies to launch a bug bounty program, announcing that the South Korean electronics giant will offer rewards of up to $200,000 to anyone who discovers vulnerabilities in its mobile devices and associated software. Dubbed Mobile Security Rewards Program , the newly-launched bug bounty program will cover 38 Samsung mobile devices released from 2016 onwards which currently receive monthly or quarterly security updates from the company. So, if you want to take part in the Samsung Mobile Security Rewards Program, you have these devices as your target—the Galaxy S, Galaxy Note, Galaxy A, Galaxy J, and the Galaxy Tab series, as well as Samsung's flagship devices, the S8, S8+, a
 Microsoft Is Paying Up To $250,000 With Its New Bug Bounty Program

Microsoft Is Paying Up To $250,000 With Its New Bug Bounty Program

Jul 26, 2017
Microsoft has finally launched a new dedicated bug bounty program to encourage security researchers and bug hunters for finding and responsibly reporting vulnerabilities in its latest Windows versions of operating systems and software. Being the favourite target of hackers and cyber criminals, every single zero-day vulnerability in Windows OS—from critical remote code execution, mitigation bypass and elevation of privilege to design flaws—could cause a crisis like recent WannaCry and Petya Ransomware attacks. In past five years the tech giant has launched multiple time-limited bug bounty programs focused on various Windows features, and after seeing quite a bit of success, Microsoft has decided to continue. "Security is always changing, and we prioritise different types of vulnerabilities at different points in time. Microsoft strongly believes in the value of the bug bounties, and we trust that it serves to enhance our security capabilities." With its latest bu
Tor Launches Bug Bounty Program — Get Paid for Hacking!

Tor Launches Bug Bounty Program — Get Paid for Hacking!

Jul 20, 2017
With the growing number of cyber attacks and breaches, a significant number of companies and organisations have started Bug Bounty programs for encouraging hackers, bug hunters and researchers to find and responsibly report bugs in their services and get rewarded. Following major companies and organisations, the non-profit group behind Tor Project – the largest online anonymity network that allows people to hide their real identity online – has finally launched a " Bug Bounty Program ." The Tor Project announced on Thursday that it joined hands with HackerOne to start a public bug bounty program to encourage hackers and security researchers to find and privately report vulnerabilities that could compromise the anonymity network. HackerOne is a bug bounty startup that operates bug bounty programs for companies including Yahoo, Twitter, Slack, Dropbox, Uber, General Motors – and even the United States Department of Defense for Hack the Pentagon initiative. Bug bo
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