Tag : Bitcoin

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Bitcoin Crashing Due To Steep Rise in Cybercrime

Mar 19, 2014 By Sharon Solomon | The Bitcoin bandwagon has stalled. The value of the Cryptocurrency skyrocketed in 2013, but a downward trend is being witnessed this year. Investors and traders wishing to see Bitcoins in the mainstream e-commerce scene will probably have to wait a little longer.
Besides the glaring lack of regulation and worrying price volatility, cybercriminal activity has put a huge dent in the digital currency’s credentials. The hacking techniques are not new, nor are the vulnerabilities found in the Bitcoin exchanges.
More and more Bitcoin exchanges are being exploited with the help of malware and common phishing techniques. Coinbase and Flexcoin are just two of many Bitcoin platforms that have fallen prey to hackers and fraudsters.
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On Tracking the Creator of Bitcoin, a Breach at Sally Beauty and Facebook Clickjacking: Security News Update

Mar 09, 2014 By Sarah Vonnegut | It was a crazy week, with the secretive Bitcoin creator supposedly outed, details of 280,000+ payment cards tied to Sally Beauty purchases discovered for sale online and a new Facebook clickjacking campaign that preys on the curious, so let’s get down to it shall we? Here are your weeks biggest security stories: 
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Israeli Banks Hacked. Millions Of Customers In Danger

Dec 27, 2013 By Sharon Solomon | Three Israeli banks recently received an anonymous message, claiming that more than 3 million of their customer’s account details have been stolen. But gone are the days of unmarked bills. The hacker is expecting a huge Bitcoin payoff by next week. The clock is now ticking. The involved banks are Israel Discount Bank, First International Bank of Israel and Bank Yahav for Government Employees Ltd. Needless to say, the news has created lots of unrest in the land of milk and honey.
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This Week In Application Security News: Nov. 25 – Dec. 1

Dec 01, 2013 By Sarah Vonnegut | Winner of the ‘Worst Week’ award goes to James Howells, who this week realized he threw away a hard drive with 7,500 Bitcoins worth over $7.5 million in current BTC value. Read about his million dollar fumble, the still-unfolding Vodafone breach, new NSA snooping and more in this week’s edition of The Week in AppSec.
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