Chinese Bitcoin | Breaking Cybersecurity News | The Hacker News

The most popular Chinese Bitcoin exchange BTER announced that it has been hacked on Valentine's Day and lost more than £1.1 Million-worth ($1.75 Million; one BTC is about $270) of the digital currency. The Bitcoin Exchange hasn't revealed more details about suspects behind the breach or how the cold wallets were compromised, except that 7,170 Bitcoin cryptocurrency was stolen from the company's " cold wallets ," a way of storing the digital currency offline. " All wallets have been shut down and withdrawals of unaffected coins will be arranged later, " the official website of BTER Bitcoin exchange states. Internet sleuths are already on the hunt to trace the missing Bitcoin. Because of the way the digital currency works, it is possible to trace any transaction or funds easily by using public available service, called " blockchain ." According to the announcement, the stolen Bitcoin cryptocurrencies were broadcast through the trans...

Another Bitcoin Exchange hacked!  Bitcash. CZ based out of the Czech Republic has been hacked and Money from 4000 Bitcoin wallets have been Stolen, value of over 2 million Czech Koruna i.e. Approx $100,000. Bitcash.cz  is currently down with a maintenance message that on the evening of November 11, their server was compromised by unknown Hackers and  bitcoins from its clients were stolen. Hackers appear to have sent emails from Bitcash.cz email accounts pretending to be members of staff. The emails claim the company had to use a US recovery company to get back the bitcoins that have been stolen and recipients are then apparently asked to send 2 BTC to a wallet address in order for their bitcoins to be returned. " We are trying to resolve the situation, but we want to warn our users about fraudulent emails and scams [claiming to be from Bitcash] " site said on their Facebook page. Meanwhile, GBL, the Chinese Bitcoin exchange mysterio...

In recent years, artificial intelligence (AI) has begun revolutionizing Identity Access Management (IAM), reshaping how cybersecurity is approached in this crucial field. Leveraging AI in IAM is about tapping into its analytical capabilities to monitor access patterns and identify anomalies that could signal a potential security breach. The focus has expanded beyond merely managing human identities — now, autonomous systems, APIs, and connected devices also fall within the realm of AI-driven IAM, creating a dynamic security ecosystem that adapts and evolves in response to sophisticated cyber threats. The Role of AI and Machine Learning in IAM AI and machine learning (ML) are creating a more robust, proactive IAM system that continuously learns from the environment to enhance security. Let's explore how AI impacts key IAM components: Intelligent Monitoring and Anomaly Detection AI enables continuous monitoring of both human and non-human identities , including APIs, service acc...