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Warning: Android Bitcoin wallet apps vulnerable to theft

Warning: Android Bitcoin wallet apps vulnerable to theft

Aug 13, 2013
A critical vulnerability in the Android implementation of the Java SecureRandom random number generator was discovered , that leaves Bitcoin digital wallets on the mobile platform vulnerable to theft. Before the announcement was made, users on the forums had noticed over 55 BTC were stolen a few hours after the client improperly signed a transaction using the compromised random number generator. Bitcoin is a virtual currency that makes use of cryptography to create and transfer bitcoins. Users make use of digital wallets to store bitcoin addresses from which bitcoins are received or sent. Bitcoin uses public-key cryptography so that each address is associated with a pair of mathematically linked public and private keys that are held in the wallet. Because the problem is rooted in the operating system, every Bitcoin digital wallet generated by an Android app is affected by the weakness, including Bitcoin Wallet , blockchain.info wallet , Bitcoin Spinner , and Myc
Bitcoin mining malware found in E-Sports Entertainment (ESEA) software

Bitcoin mining malware found in E-Sports Entertainment (ESEA) software

May 02, 2013
The Bitcoin mining rig is becoming a popular alternative to people who want an easy way to earn the digital currency. All you have to do is plug the hardware that specializes in Bitcoin mining and run its customized software. After that, you can sit back and relax as it mines the digital currency for you. A popular eSports league has admitted that one of its employees harnessed the power of member's computers without their knowledge in order to mine Bitcoins. For a period of 2 weeks, gamers noticed that their computers were generating unusually high GPU loads and frequent BSOD errors. Some gamers stated that their GPUs were damaged due to them reaching temperatures above 90 degrees Celsius. The mining began on April 13th and affected thousands of gamers, who unwittingly mined over $3,700 worth of the currency. Eric Thunberg, co-owner of ESEA, stated that the Bitcoin miner was meant to be part of an April Fools joke, however, they weren't able to finish it in time. They then de
How to Accelerate Vendor Risk Assessments in the Age of SaaS Sprawl

How to Accelerate Vendor Risk Assessments in the Age of SaaS Sprawl

Mar 21, 2024SaaS Security / Endpoint Security
In today's digital-first business environment dominated by SaaS applications, organizations increasingly depend on third-party vendors for essential cloud services and software solutions. As more vendors and services are added to the mix, the complexity and potential vulnerabilities within the  SaaS supply chain  snowball quickly. That's why effective vendor risk management (VRM) is a critical strategy in identifying, assessing, and mitigating risks to protect organizational assets and data integrity. Meanwhile, common approaches to vendor risk assessments are too slow and static for the modern world of SaaS. Most organizations have simply adapted their legacy evaluation techniques for on-premise software to apply to SaaS providers. This not only creates massive bottlenecks, but also causes organizations to inadvertently accept far too much risk. To effectively adapt to the realities of modern work, two major aspects need to change: the timeline of initial assessment must shorte
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