Fraud and Cryptocurrency Attacks on the Rise Heading into the End of 2017

The financials sector saw an increase in incident volume in the third quarter of 2017, and much of that increase revolved around cyber-attacks targeting various cryptocurrency platforms, as well as payment card breaches in the consumer goods sector that led to increased fraud activity on cybercriminal markets. Key takeaways from SurfWatch Labs’ threat intelligence findings… Read More

Weekly Cyber Risk Roundup: Another Ethereum Heist and FBI Warns Against Kaspersky Lab

Cryptocurrency theft was the week’s top trending cybercrime story as malicious actors were able to capitalize yet again on an upcoming Ethereum initial coin offering (ICO) to steal approximately $500,000 worth of Ether — this time from investors in the cryptocurrency platform Enigma. Enigma said that malicious actors managed to compromise the enigma.co domain, its… Read More

Weekly Cyber Risk Roundup: Three Ethereum Heists and NotPetya Fallout Continues

The cryptocurrency Ethereum made numerous headlines this past week due to three separate multi-million dollar thefts: one due to a bug in the code of the Parity Ethereum client, one caused by a website hack that redirected funds meant for the Initial Coin Offering (ICO) of Coindash, and one tied to a hacker managing to… Read More

Weekly Cyber Risk Roundup: Cryptocurrency Wallets Emptied and a Dozen Power Plants Breached

Cryptocurrency theft was among the week’s top trending cybercrime practices due to users at both South Korean cryptocurrency exchange Bithumb and Classic Ether Wallet reporting that their digital currency wallets were emptied due to cyber-attacks. Bithumb reported that one of its employees personal computers had been hacked in February 2017 and that the personal details… Read More

AlphaBay to Begin Accepting Ethereum as the Bitcoin Alternative Grows More Popular

Beginning next month, malicious actors using the dark web marketplace AlphaBay will be able to buy and sell their goods using the growing cryptocurrency platform Ethereum. Ethereum will become the third payment option available on the market, joining the longstanding cryptocurrency king bitcoin as well as the privacy-focused Monero, which was adopted by AlphaBay last… Read More