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Cryptocurrency Hacks Still Growing — What Does That Mean for the Industry?

Cryptocurrency Hacks Still Growing — What Does That Mean for the Industry?

May 14, 2019
Though once synonymous with underground networks and black hat hackers, bitcoin and other cryptocurrencies have gone mainstream over the past two years. In 2017, we saw the skyrocket of bitcoin to an all-time high of close to $20,000 followed by a significant decline the following year. But beyond the ups and downs in the market for the world's largest cryptocurrency is a much more sinister story revolving around cyber-attacks of the economy's newest asset class. In 2018, it estimated that as much as $1.7 billion worth of cryptocurrencies were swindled away from investors (likely more) through a variety of means. Whether accomplished through hacking, phishing, or other forms of scamming, it's clear that the crypto industry is facing a serious dilemma with security. For a technological movement based on decentralization and the advantages it offers for security, the number of breaches occurring is startling. Cryptocurrencies offer users a way to send money with
Here’s How Hackers Can Hijack Your Online Bitcoin Wallets

Here's How Hackers Can Hijack Your Online Bitcoin Wallets

Sep 19, 2017
Researchers have been warning for years about critical issues with the Signaling System 7 (SS7) that could allow hackers to listen in private phone calls and read text messages on a potentially vast scale, despite the most advanced encryption used by cellular networks. Despite fixes being available for years, the global cellular networks have consistently been ignoring this serious issue, saying that the exploitation of the SS7 weaknesses requires significant technical and financial investment, so is a very low risk for people. However, earlier this year we saw a real-world attacks, hackers utilised this designing flaw in SS7 to drain victims' bank accounts by intercepting two-factor authentication code (one-time passcode, or OTP) sent by banks to their customers and redirecting it to themselves. If that incident wasn't enough for the global telecoms networks to consider fixing the flaws, white hat hackers from Positive Technologies now demonstrated how cybercriminals
Hands-on Review: Myrror Security Code-Aware and Attack-Aware SCA

Hands-on Review: Myrror Security Code-Aware and Attack-Aware SCA

Feb 09, 2024Static Code Analysis
Introduction The modern software supply chain represents an ever-evolving threat landscape, with each package added to the manifest introducing new attack vectors. To meet industry requirements, organizations must maintain a fast-paced development process while staying up-to-date with the latest security patches. However, in practice, developers often face a large amount of security work without clear prioritization - and miss a significant portion of the attack surface altogether. The primary issue arises from the detection and prioritization methods used by traditional Static Code Analysis (SCA) tools for vulnerabilities. These methods lack the organizational-specific context needed to make an informed scoring decision: the score, even if critical, might not  actually  be critical for an organization because its infrastructure works in a unique way - affecting the actual impact the vulnerability might have.  In other words, since these tools depend on a relatively naive methodol
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