#1 Trusted Cybersecurity News Platform
Followed by 4.50+ million
The Hacker News Logo
Subscribe – Get Latest News
Cybersecurity

ICOs | Breaking Cybersecurity News | The Hacker News

Category — ICOs
KICKICO Hacked: Cybercriminal Steals $7.7 Million from ICO Platform

KICKICO Hacked: Cybercriminal Steals $7.7 Million from ICO Platform

Jul 30, 2018
Again some bad news for cryptocurrency users. KICKICO, a blockchain-based initial coin offering (ICO) support platform, has fallen victim to a suspected cyber attack and lost more than 70 million KICK tokens (or KickCoins) worth an estimated $7.7 million. In a statement released on its Medium post on July 26, the company acknowledged the security breach, informing its customers that an unknown attacker managed to gain access to the account of the KICK smart contracts and the tokens of the KICKICO platform on last Thursday at around 9:04 (UTC). KICKICO admitted that the company had no clue about the security breach until and unless several of its customers fell victim and complained about losing KickCoin tokens worth $800,000 from their wallets overnight. However, after investigating, the company found that the total amount of stolen funds was 70,000,000 KickCoin, which, at the current exchange rate, is equivalent to $ 7.7 million. KICKICO reported that suspected attackers
China Bans Fundraising Through Initial Coin Offering (ICO)

China Bans Fundraising Through Initial Coin Offering (ICO)

Sep 04, 2017
China's central bank today announced an immediate ban on all ICO—Initial Coin Offering—fundraising, to prevent fraud and illegal fundraising. ICO is the hottest new thing in the blockchain world, which is an alternative to crowdfunding that lets a firm raise funding from multiple sources. The People's Bank of China (PBoC), the country's central bank and financial regulator, has issued an official notice on Monday, forbidding "all types of currency issuance financing activities" that have "seriously disrupted the economic and financial order." This PBoC's bold move has been backed by many other Chinese government administrators and regulators including the China Securities Regulatory Commission, China Insurance Regulatory Commission and the Ministry of Industry and Commerce, and China Banking Regulatory Commission. This move marks the end of an era of ICO fundraising in China. The regulator claims that ICOs are being misused for "
5 SaaS Misconfigurations Leading to Major Fu*%@ Ups

5 SaaS Misconfigurations Leading to Major Fu*%@ Ups

Nov 01, 2024SaaS Security / Insider Threat
With so many SaaS applications, a range of configuration options, API capabilities, endless integrations, and app-to-app connections, the SaaS risk possibilities are endless. Critical organizational assets and data are at risk from malicious actors, data breaches, and insider threats, which pose many challenges for security teams. Misconfigurations are silent killers, leading to major vulnerabilities. So, how can CISOs reduce the noise? What misconfiguration should security teams focus on first? Here are five major SaaS configuration mistakes that can lead to security breaches. #1 Misconfiguration: HelpDesk Admins Have Excessive Privileges Risk: Help desk teams have access to sensitive account management functions making them prime targets for attackers. Attackers can exploit this by convincing help desk personnel to reset MFA for privileged users, gaining unauthorized access to critical systems. Impact: Compromised help desk accounts can lead to unauthorized changes to admin-
Expert Insights / Articles Videos
Cybersecurity Resources