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Category — OpenSea
Hackers Stole $1.7 Million Worth of NFTs from Users of OpenSea Marketplace

Hackers Stole $1.7 Million Worth of NFTs from Users of OpenSea Marketplace

Feb 22, 2022
Malicious actors took advantage of a smart contract upgrade process in the OpenSea NFT marketplace to carry out a  phishing attack  against 17 of its users that resulted in the theft of virtual assets worth about $1.7 million. NFTs , short for non-fungible tokens, are digital tokens that act like certificates of authenticity for, and in some cases represent ownership of, assets that range from expensive illustrations to collectibles and physical goods. The opportunistic social engineering scam  swindled the users  by using the same email from OpenSea notifying users about the upgrade, with the copycat email redirecting the victims to a lookalike webpage, prompting them to sign a seemingly legitimate transaction, only to steal all the NFTs in one go. "By signing the transaction, an atomicMatch_ request would be sent to the attacker contract," Check Point researchers  explained . "From there, the atomicMatch_ would be forwarded to the OpenSea contract," leadi...
Critical Flaw in OpenSea Could Have Let Hackers Steal Cryptocurrency From Wallets

Critical Flaw in OpenSea Could Have Let Hackers Steal Cryptocurrency From Wallets

Oct 13, 2021
A now-patched critical vulnerability in OpenSea, the world's largest non-fungible token ( NFT ) marketplace, could've been abused by malicious actors to drain cryptocurrency funds from a victim by sending a specially-crafted token, opening a new attack vector for exploitation. The findings come from cybersecurity firm Check Point Research, which began an investigation into the platform following public reports of stolen cryptocurrency wallets triggered by free airdropped NFTs. The issues were fixed in less than one hour of responsible disclosure on September 26, 2021. "Left unpatched, the vulnerabilities could allow hackers to hijack user accounts and steal entire cryptocurrency wallets by crafting malicious NFTs," Check Point researchers  said . As the name indicates, NFTs are unique digital assets such as photos, videos, audio, and other items that can be sold and traded on the blockchain, using the technology as a certificate of authenticity to establish a ver...
The Evolving Role of PAM in Cybersecurity Leadership Agendas for 2025

The Evolving Role of PAM in Cybersecurity Leadership Agendas for 2025

Feb 06, 2025AI Security / Cybersecurity
Privileged Access Management (PAM) has emerged as a cornerstone of modern cybersecurity strategies, shifting from a technical necessity to a critical pillar in leadership agendas. With the PAM market projected to reach $42.96 billion by 2037 (according to Research Nester), organizations invest heavily in PAM solutions. Why is PAM climbing the ranks of leadership priorities? While Gartner highlights key reasons such as enhanced security, regulatory compliance readiness, and insurance requirements, the impact of PAM extends across multiple strategic areas. PAM can help organizations enhance their overall operational efficiency and tackle many challenges they face today. To explore more about PAM's transformative impact on businesses, read The Cyber Guardian: PAM's Role in Shaping Leadership Agendas for 2025 by a renowned cybersecurity expert and former Gartner lead analyst Jonathan Care.  What cybersecurity challenges may organizations face in 2025? The cybersecurity landsca...
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