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Posts Tagged ‘Bitcoin’

UAE Bank Victimized by Data Breach and Bitcoin Ransom

Source: National Cyber Security – Produced By Gregory Evans

UAE Bank Victimized by Data Breach and Bitcoin Ransom

Another customer data breach is in the news, only this time, the results are worse than we’re used to. The breach occurred in the United Arab Emirates, and the attack is being labeled as the biggest in the country’s history. According to Bitcoinist.net, Sharjah bank in the UAE was the victim of a massive hack that took place on November 18th of this year. Customer data was held by “Hacker Buba,” the alias of the alleged attacker. Buba leaked the information on social media outlets and explained that he wouldn’t stop until the bank agreed to pay the bitcoin ransom he had set forth. The bank’s chief financial and operating officer explained: Following the initial attack, Twitter suspended Buba’s account, but it appears the hacker had a few tricks up his sleeve. The following day, Buba was back on Twitter, and in an act of revenge, had allegedly uploaded account statements of approximately 500 bank customers in a single tweet. He then went about texting and emailing the bank’s customers, telling them that their accounts were in his hands and that they’d better pay his ransom if they didn’t want their information released publicly online. Source: http://www.newsbtc.com/2015/12/06/uae-bank-victimized-by-data-breach-and-bitcoin-ransom/

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Barclays tipped as first bank to accept virtual money Bitcoin

Source: National Cyber Security – Produced By Gregory Evans

The high street bank has two labs that are dedicated to exploring the potential of the online currency. And the financial giant is also helping a charity look at how the technology can be used. At the moment British banks aren’t allowed to accept or deal in Bitcoin as it is unauthorised. But financial experts think this could change in the future. Bitcoin gained traction a couple of years ago as an international virtual currency when its value soared to more than $1,000 (£651). There is a finite amount of Bitcoin that can be mined, which helped increase the currency’s value. But it suffered a hit when it became closely linked to online trading platform Silk Road, where people often dealt drugs, which was later shut down. Bitcoin currently trades around the $230 (£150) mark. A spokesperson for Barclays told Express.co.uk “We’re excited about the potential.. At some point in the future the development of Bitcoin will impact the banking sector.” Developments in online technology has rapidly changed British banking in recent years. Millions of people now access accounts online and through phone apps, while more local branches are closed. Use of contactless payments have also soared, with some people […]

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‘Showdown Year’ for Cyber-Attacks Has Hackers Demanding Ransom in Bitcoin

Source: National Cyber Security – Produced By Gregory Evans

(The Street) — Data breaches at eBay (EBAY), JPMorgan Chase (JPM) and Home Depot (HD) coupled with cyber-attacks on U.S. government agencies show the risks posed by hackers will only increase, regulators warn, and finance companies are finding themselves on the front lines. A case in point is the recent warning from the Financial Industry Regulatory Authority, or Finra, that a hacker group known as DD4BC has threatened denial-of-service attacks on its members unless they pay a ransom in the digital currency Bitcoin. The group typically gives the targeted firm a warning that sets a price to avoid the attack, Finra said. The next step is a “demonstration attack” accompanied by a demand for payment within 24 hours. Ransom demands for large firms have ranged from several thousand to several hundred thousand dollars, Finra said. Firms in New Zealand and Australia have been targeted, too, and the Swiss government sounded an alarm about DD4BC earlier this year. “In many ways, it is a showdown year,” said Kevin Petrasic, a partner in the banking and payment systems division at law firm Paul Hastings, which has offices in New York, Europe and Asia. “There are various reasons for this that have largely […]

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Hacker seized database from city of Detroit and demanded $800k in bitcoin

Hacker seized database from city of Detroit and demanded $800k in bitcoin

Hackers seized a digital database from the city of Detroit earlier this year and then demanded they receive a ransom in bitcoin, Mayor Mike Duggan said this week, but the city balked and ultimately the hijackers were unsuccessful with their […]

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Bitcoin hackers wanted dead or alive

Bitcoin hackers wanted dead or alive

Roger Ver, also known as Bitcoin Jesus due to his early work and support of the cryptocurrency, says he’s fed up with hackers. Seriously fed up. So fed up in fact, that he’s putting a bounty on their heads. Ver […]

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Apple Pay Boosts Bitcoin

Apple Pay Boosts Bitcoin

Bitcoin and other major cryptocurrencies have seen an upturn in their fortunes over the last 24 hours, with the top-ten mineable coins all seeing positive movement in the markets. Of the big players, bitcoin, litecoin, dogecoin, peercoin, and darkcoin all […]

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Hackers Seize Bitcoin Creator’s Email, Threatens to Expose His True Identity

Hackers Seize Bitcoin Creator’s Email, Threatens to Expose His True Identity

The bitcoin community has been roused with different sorts of speculations that hackers were able to penetrate some of the online accounts of Satoshi Nakamoto, fearing that the attack could potentially gain entry into sensitive information with regards the real […]

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Bitcoin Malware Used to Exploit the Russia-Ukraine Crisis

Source: National Cyber Security – Produced By Gregory Evans

Bitcoin Malware Used to Exploit the Russia-Ukraine Crisis

A group of hackers tried to leverage the current conflict between Ukraine and Russia by distributing malware aimed at Bitcoin wallets. Bitdefender Labs, a cyber-security company with a keen interest in the digital currency market, issued a report where it […]

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Bitcoin Malware Attack Exploits Russia-Ukraine Crisis

Source: National Cyber Security – Produced By Gregory Evans

Bitcoin Malware Attack Exploits Russia-Ukraine Crisis

A hacker group is trying to leverage the ongoing conflict between Russia and Ukraine as it distributes malware that is capable of targeting bitcoin wallets. A report by Bitdefender Labs, a cybersecurity firm that focuses on the digital currency market, […]

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