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

bitcoin price | Breaking Cybersecurity News | The Hacker News

Bitcoin Price Jumps Above $1150 — Highest in last 3 Years

Bitcoin Price Jumps Above $1150 — Highest in last 3 Years

Jan 05, 2017
What a good start of the New Year for those holding Bitcoins! Web-based digital currency Bitcoin has passed $1,110 for the first time on the Bitstamp Price Index (BPI) since early November 2013. Bitcoin broke the barrier on 1 January and now is trading above $1,150 mark at the time of writing, marking a bright beginning to 2017 for the digital currency. At the time of writing, 1 Bitcoin = $1158.99. Bitcoin is a revolutionary virtual currency that has no central authority; instead, it relies on thousands of computers worldwide that validate transactions and add new Bitcoins to the system. The world's first and most famous cryptocurrency is developed around Blockchain, which is a complex cryptographic protocol and a global computer's network that oversees and verifies which Bitcoins have been spent by whom. The identity of the people spending Bitcoins is extremely difficult to trace because of its anonymous nature. Therefore, the currency is very popular among criminal
Bitcoin Exchange Offers $3.5 Million Reward for Information of Stolen Bitcoins

Bitcoin Exchange Offers $3.5 Million Reward for Information of Stolen Bitcoins

Aug 14, 2016
Hong Kong-based Bitcoin exchange 'Bitfinex' that lost around $72 Million worth of its customers' Bitcoins last week is now offering a reward of $3.5 Million to anyone who can provide information that leads to the recovery of the stolen Bitcoins. Bitfinex revealed on August 2 that the cryptocurrency exchange had suffered a major security breach, which resulted in the loss of nearly 120,000 BTC. The hack led to a 36 percent loss for each Bitfinex customer, who will be issued tokens to be redeemed as the company is able to reimburse the losses. Now, the exchange is willing to offer 5% of the lost funds ( nearly 6,000 BTC ) as a reward for the recovery of the stolen bitcoins. The news came after a Reddit user, using alias someguy916, inquired about a reward Bitfinex would be willing to offer for the stolen bitcoins. In response to the question, Bitfinex community director Zane Tackett stated that a bounty would be awarded to anyone who has information that would hel
Timing is Everything: The Role of Just-in-Time Privileged Access in Security Evolution

Timing is Everything: The Role of Just-in-Time Privileged Access in Security Evolution

Apr 15, 2024Active Directory / Attack Surface
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
Bitcoin Price Drops 20% After $72 Million in Bitcoin Stolen from Bitfinex Exchange

Bitcoin Price Drops 20% After $72 Million in Bitcoin Stolen from Bitfinex Exchange

Aug 03, 2016
Yet another blow to Bitcoin: One of the world's most popular exchanges of the cryptocurrency has suffered a major hack, leading to a loss of around $72 Million worth of Bitcoins. Hong Kong-based Bitcoin exchange ' Bitfinex ' has posted a note on their website announcing the shutdown of its operation after discovering a security breach that allowed an attacker to steal some user funds. While the company did not mention a total amount lost in the breach, one of their employees — Bitfinex community director Zane Tackett — confirmed on Reddit that the total amount stolen was 119,756 bitcoins — worth up to $72 Million in cash. The cause of the security breach and the hacker behind the incident is still unclear, but the attackers appear to have mysteriously bypassed Bitfinex's mandated limits on withdrawals. "The theft is being reported to — and we are co-operating with — law enforcement," Bitfinex statement reads. "We will look at various options to
cyber security

WATCH: The SaaS Security Challenge in 90 Seconds

websiteAdaptive ShieldSaaS Security / Cyber Threat
Discover how you can overcome the SaaS security challenge by securing your entire SaaS stack with SSPM.
Cybersecurity Resources