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The breaking news is that, another Bitcoin exchange  company gets hacked i.e. BIPS ( bips.me ), one of the largest European Danish Bitcoin payment processors. On Friday evening, a bunch of cyber criminals just broke into BIPs - Bitcoin payment processor servers and wiped out around 1,295 Bitcoin from people's wallets, currently worth $1 Million. More than 22,000 consumer wallets have been compromised and BIPS will be contacting the affected users. Initially on 15th November, Hackers launched Distributed Denial of Service (DDoS) attack on BIPS, originate from Russia and neighboring countries and then hackers attacked again on 17th November. This time somehow they got access to several online Bitcoin wallets, which allowed them to steal the 1,295 BTC. " As a consequence Bips will temporarily close down the wallet initiative to focus on real-time merchant processing business which does not include storing of Bitcoins. " company says. " All existing users will be aske...

Two most important moments in the history of Bitcoin are : Its creation by Satoshi Nakamoto , and the burst of The Silk Road's Founder  Ross William Ulbricht . The silk Road's black market was a Bitcoin economy. According to a report published by two Israeli computer scientists,  Ross William Ulbricht , aka Dread Pirate Roberts , may be financially linked to Satoshi Nakamoto. Even if the Bitcoin buyers and sellers remained anonymous, but the transactions themselves are public, So the scientists were able to trace the interactions. The Scientists, Ron and Shamir were exploring the connection between the operator of Silk Road who was recently arrested by the FBI for running the Internet blackmarket Silk Road and the entity that invented the bitcoin. The bitcoin network was established in 2008 and it has been popularly believed that the first accounts in the early days of the bitcoin were of Satoshi Nakamoto , accumulated some 77,600 BTC as a result of 'mini...

Users in Iran call Internet as " Filternet ", because of the heavily censored Internet access they have. Million Iranians used VPN servers to access the outside world. In October, 2013 Jack Dorsey, the co-founder of Twitter asked Iranian President, ' Are citizens of Iran able to read your tweets? ' In Reply Mr. The President said that he will work to make sure Iranians have access to information globally in what appears to be a reference to reducing online censorship. Just after promising to support Internet Freedom, the Iran Government has banned yet another web application called -  Cryptocat , a tool that allows for secure and encrypted chat. The app is well known for bringing encrypted communications to the masses, popular with human rights activists and journalists around the world. According to ' Blockediniran.com ', Cryptocat website and the associated private chat service were inaccessible to our users in Iran. Currently since Monday.  ' I...

The NSA has the ability to trace " anyone, anywhere, anytime ". In September we reported that how NSA and GCHQ planted malware via LinkedIn and Slashdot traffic to hack largest telecom company Belgacom's Engineers. Yesterday, a  Dutch newspaper has   published a new secret NSA document provided by former intelligence employee  Edward Snowden . According to the newly exposed slide, NSA has infected more than 50,000 computer networks worldwide with software designed to steal sensitive information i.e. Malware . The slide from the NSA's 2012 management presentation, shows a world map with more than 50,000 targeted locations, uses a procedure called ' Computer Network Exploitation ' (CNE) that can secretly install malware in computer systems. The malware can be controlled remotely and be turned on and off at will. From the NSA website we found that, CNE includes enabling actions and intelligence collection via computer networks that exploit data gathere...

The  CryptoLocker Malware continues to spread, infected more than 12,000 U.S computers in one week and threatening millions of computers in the UK. Just last week, The UK National Crime Agency urge people afflicted by CryptoLocker not to pay ransom, not least because there is no guarantee that they will even receive an unlock key. Not even Police departments are immune to CryptoLocker. In November second week, Massachusetts' Swansea Police Department paid a 2 Bitcoin ($750 that time) ransom to decrypt images and Word documents encrypted by CryptoLocker ransomware . " It gave us 100 hours to pay and it was literally a timer, " said Police Department. " A big red screen comes up with a timer that says you have 100 hours to pay or your files will be encrypted forever. " Malware usually distributed through spam emails, encrypting the user's files on the infected machine and also the local network it is attached to. However, Police Depar...

Facebook is one of the most powerful and reliable social networking website. It allows users to interact with other users after being friends with one another. Facebook allows users to make the friend list public or private. If it is made private, your friend list won't appear on your publicly viewable profile. Irene Abezgauz , a security researcher from the Quotium Seeker Research Center has found a vulnerability in Facebook  website that allows anyone to see a users' friends list, even when the user has set that information to private. v The exploit is carried out by abusing the ' People You May Know ' feature on Facebook , which suggests new friends to users. It suggests friends to you based on mutual connections and other criteria such as work or education information. This Hack is really very simple! All a hacker would have to do would be to create a fake Facebook profile and then send a friend request to their target. Even if the targeted user ...

Oren Hafif , a security researcher has discovered a critical vulnerability in the Password reset process of Google account that allows an attacker to hijack any account. He managed to trick Google users into handing over their passwords via a simple spear-phishing attack by leveraging a number of flaws i.e. Cross-site request forgery (CSRF), and cross-site scripting (XSS), and a flow bypass. In a proof of concept video demonstration, the attacker sends his victim a fake " Confirm account ownership " email, claiming to come from Google. The link mention in the mail instructs the recipient to confirm the ownership of the account and urged user to change their password. The link from the email apparently points to a HTTPS  google.com URL, but it actually leads the victim to the attacker's website because of CSRF attack with a customized email address. The Google HTTPS page will will ask the victim to confirm the ownership by entering his last password and then w...

Researchers at Trusteer   spotted a new banking malware program on the underground Russian cybercrime market , that communicates with attackers over the I2P anonymity network is for sale on underground Russian cybercrime forums. Dubbed ' i2Ninja ', malware has most of the features found in other financial malware including the ability to perform HTML injections and form grabbing in Internet Explorer, Firefox and Chrome. i2Ninja can also steal FTP and e-mail credentials. It also has a PokerGrabber module feature that targets poker sites. The traffic between the malware and the command server cannot be easily blocked by intrusion prevention systems or firewalls because it's encrypted and transmitting over the Invisible Internet Project (I2P). Everything from delivering configuration updates to receiving stolen data and sending commands is done via the encrypted I2P channels. I2P communication can make it much harder for security researchers to fin...

Sweden today has announced the extradition of 30-year-old  The Pirate Bay Cofounder ' Gottfrid Svartholm Warg ' to Denmark where he is wanted for questioning on alleged hacking charges. He was living in Cambodia last year but was later arrested and deported to Sweden. Currently he is serving a one-year sentence in Sweden for hacking into the computer systems of contractors working for the national tax authority. His extradition will take place on 27th November . Along with a 20-year-old Dane, they are accused of hacking into the servers of a Denmark government contractor and stealing police files files between April and August 2012. The motivation for the hacks remains unknown, but the police say it can't be ruled out that changes were made to the records. There are, however, no indications that any of the downloaded files have been exploited. Even, The Pirate Bay may no longer be safe to use. It is no longer in the hands of the original owners. An Anonymous act...

Takashi Katsuki, a researcher at Antivirus firm Symantec has discovered a new cyber attack ongoing in the wild, targeting an open-source Web server application server Apache Tomcat with a cross platform Java based backdoor that can be used to attack other machines. The malware, dubbed as " Java.Tomdep " differs from other server malware and is not written in the PHP scripting language. It is basically a Java based backdoor act as Java Servlet that gives Apache Tomcat platforms malicious capabilities. Because Java is a cross platform language, the affected platforms include Linux, Mac OS X, Solaris, and most supported versions of Windows. The malware was detected less than a month ago and so far the number of infected machines appears to be low. You may think that this type of attack only targets personal computers, such as desktops and laptops, but unfortunately that isn't true. Servers can also be attacked. They are quite valuable targets, since they are usu...

Popular source code repository service GitHub has recently been hit by a massive Password Brute-Force attack that successfully compromised some accounts,  GitHub has urged users to set up two-factor authentication for their accounts and has already reset passwords for compromised accounts. " We sent an email to users with compromised accounts letting them know what to do ," " Their passwords have been reset and personal access tokens, OAuth authorizations, and SSH keys have all been revoked. "  However, GitHub uses the  bcrypt  algorithm to hash the passwords , which is extremely resilient against brute force attacks because it takes an inordinate amount of time to encrypt each password. In a blog post , GitHub engineer Shawn Davenport said that a brute force attack from around 40,000 IP addresses revealed some commonly used passwords . These addresses were used to slowly brute force weak passwords. In addition to normal strength re...

Cyber security of many organizations being attacked at an extremely high rate this month, well another alarming cyber crime report become public today. A widely unpatched and two years old critical vulnerability in JBoss Application Server (AS) that enable an attacker to remotely get a shell on a vulnerable web server. JBoss Application Server is an open-source Java EE-based application server very popular, it was designed by JBoss, now a division of Red Hat. In late 2012, JBoss AS was named as " wildFly ", since disclosure of the exploit code many products running the affected JBoss Application Server have been impacted, including some security software. Tens of thousands of enterprise data center servers are vulnerable to this attack, with at least 500 actively compromised, according to the Imperva report. Many systems administrators have yet to properly configure their servers to mitigate the threat, and the number of potential targets has increased over...