Danish hacker | Breaking Cybersecurity News | The Hacker News

The breaking news is that, another Bitcoin exchange  company gets hacked i.e. BIPS ( bips.me ), one of the largest European Danish Bitcoin payment processors. On Friday evening, a bunch of cyber criminals just broke into BIPs - Bitcoin payment processor servers and wiped out around 1,295 Bitcoin from people's wallets, currently worth $1 Million. More than 22,000 consumer wallets have been compromised and BIPS will be contacting the affected users. Initially on 15th November, Hackers launched Distributed Denial of Service (DDoS) attack on BIPS, originate from Russia and neighboring countries and then hackers attacked again on 17th November. This time somehow they got access to several online Bitcoin wallets, which allowed them to steal the 1,295 BTC. " As a consequence Bips will temporarily close down the wallet initiative to focus on real-time merchant processing business which does not include storing of Bitcoins. " company says. " All existing users will be aske

The Pirate Bay co-founder Gottfrid Svartholm Warg a.k.a  'Anakata' is suspected of being involved in one of Denmark's biggest hack attacks. Gottfrid was arrested in Cambodia in September 2012 and has been extradited from Cambodia to Sweden last year, charged with hacking the IBM mainframe of Logica, a Swedish IT firm that provided tax services to the Swedish government, and the IBM mainframe of the Swedish Nordea bank. Now he is suspected in another hacking case, where he and a 20-year-old Danish hacker are suspected to have obtained access to, among other things Danish social security numbers as well as business numbers. Danish suspect was arrested on Wednesday. In January, police in Sweden told colleagues in Denmark about a Danish IP address they had found during an investigation into hacker attacks against a company handling sensitive information for the Swedish tax authority. Grave cases of hacking are punishable by up to six years in prison under

To minimize the risk of privilege misuse, a trend in the privileged access management (PAM) solution market involves implementing just-in-time (JIT) privileged access. This approach to  privileged identity management  aims to mitigate the risks associated with prolonged high-level access by granting privileges temporarily and only when necessary, rather than providing users with continuous high-level privileges. By adopting this strategy, organizations can enhance security, minimize the window of opportunity for potential attackers and ensure that users access privileged resources only when necessary.  What is JIT and why is it important?   JIT privileged access provisioning  involves granting privileged access to users on a temporary basis, aligning with the concept of least privilege. This principle provides users with only the minimum level of access required to perform their tasks, and only for the amount of time required to do so. One of the key advantages of JIT provisioning