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Apple Bans Cryptocurrency Mining Apps From Its App Stores

Apple Bans Cryptocurrency Mining Apps From Its App Stores

Jun 12, 2018
Due to the surge in cryptocurrency prices, not only hackers but also legitimate websites and mobile apps are increasingly using cryptocurrency miners to monetize by levying the CPU power of your PC and phones to mine cryptocurrencies. However, Apple wants to protect your Mac and iPhone battery from shady cryptocurrency mining apps, and therefore, the company has put restrictions on such apps by disallowing them in its official App Store. The company has updated the Hardware Compatibility section of its App Store guidelines, which now explicitly restrict iOS and Mac apps and ads from mining cryptocurrency in the background. "Apps, including any third party advertisements displayed with them, may not run unrelated background processes, such as cryptocurrency mining," the updated guidelines read. The update reportedly occurred last week, possibly in response to popular Mac app Calendar 2 that bundled a Monero (XMR) miner in with its premium upgrade that unlocked ...
Feds Arrest 74 Email Fraudsters Involved in Nigerian BEC Scams

Feds Arrest 74 Email Fraudsters Involved in Nigerian BEC Scams

Jun 12, 2018
The United States Department of Justice announced Monday the arrest of 74 email fraudsters across three continents in a global crackdown on a large-scale business email compromise (BEC) scheme. The arrest was the result of a six-month-long operation dubbed " Operation Wire Wire " that involved the US Department of Justice, the US Department of Homeland Security, the US Treasury, and the US Postal Inspection Service. The international law enforcement authorities led by the FBI arrested 42 of the total 74 individuals involved in BEC scheme in the United States, 29 in Nigeria and 3 each in Canada, Mauritius, and Poland. "Foreign citizens perpetrate many BEC scams. Those individuals are often members of transnational criminal organizations, which originated in Nigeria but have spread throughout the world," the DoJ says. Moreover, the authorities seized nearly $2.4 million and recovered about $14 million in fraudulent transfers, according to the FBI, which estima...
U.S. Builds World's Fastest Supercomputer – Summit

U.S. Builds World's Fastest Supercomputer – Summit

Jun 11, 2018
China no longer owns the fastest supercomputer in the world; It is the United States now. Though China still has more supercomputers on the Top 500 list, the USA takes the crown of "world's fastest supercomputer" from China after IBM and the U.S. Department of Energy's Oak Ridge National Laboratory (ORNL) unveiled " Summit ." Summit is claimed to be more than twice as powerful as the current world leader with a peak performance of a whopping 200,000 trillion calculations per second—that's as fast as each 7.6 billion people of this planet doing 26.3 million calculations per second on a calculator. Until now the world's most powerful supercomputer was China's Sunway TaihuLight with the processing power of 93 petaflops (93,000 trillion calculations per second). Since June 2012, the U.S. has not possessed the world's most powerful supercomputer, but if Summit performs as claimed by IBM, it will be made straight to the top of the Top5...
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A New Paradigm For Cyber Threat Hunting

A New Paradigm For Cyber Threat Hunting

Jun 11, 2018
It's no secret that expecting security controls to block every infection vector is unrealistic. For most organizations, the chances are very high that threats have already penetrated their defenses and are lurking in their network. Pinpointing such threats quickly is essential, but traditional approaches to finding these needles in the haystack often fall short. Now there is a unique opportunity for more feasible, more effective threat hunting capabilities, and it stems from a most unusual effort: rethinking the approach to wide area networking. When we look at the cyber kill-chain today, there are two major phases—infection and post-infection. Security experts acknowledge that organizations can get infected no matter how good their security controls are. The simple fact is, infection vectors change rapidly and continuously. Attackers use new delivery methods – everything from social engineering to zero-day exploits – and they often are effective. In most cases, an infecti...
Hackers Stole Over $20 Million in Ethereum from Insecurely Configured Clients

Hackers Stole Over $20 Million in Ethereum from Insecurely Configured Clients

Jun 11, 2018
Security researchers have been warning about cybercriminals who have made over 20 million dollars in just past few months by hijacking insecurely configured Ethereum nodes exposed on the Internet. Qihoo 360 Netlab in March tweeted about a group of cybercriminals who were scanning the Internet for port 8545 to find insecure geth clients running Ethereum nodes and, at that time, stole 3.96234 units of Ethereum cryptocurrency (Ether). However, researchers now noticed that another cybercriminal group have managed to steal a total 38,642 Ether, worth more than $20,500,000 at the time of writing, in past few months by hijacking Ethereum wallets of users who had opened their JSON-RPC port 8545 to the outside world. Geth is one of the most popular clients for running Ethereum node and enabling JSON-RPC interface on it allows users to remotely access the Ethereum blockchain and node functionalities, including the ability to send transactions from any account which has been unlocked b...
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