Security News
A firm specializing in transferring cryptocurrency said Tuesday that hackers cracked its security, making off with a record-setting haul potentially worth $600 million. "The amount of money you hacked is the biggest one in the defi history," Poly Network said in a tweeted message to the thieves, using a reference to decentralized finance involving cryptocurrency.
Security researchers piecing together evidence from multiple attacks on cryptocurrency exchanges, attributed to a threat actor they named CryptoCore have established a strong connection to the North Korean state-sponsored group Lazarus. Last year, cybersecurity company ClearSky published a report about the financially motivated CryptoCore campaign that targeted cryptocurrency wallets belonging to exchanges or their employees.
The U.S. Department of Justice on Wednesday indicted three suspected North Korean hackers for allegedly conspiring to steal and extort over $1.3 billion in cash and cryptocurrencies from financial institutions and businesses. Accusing them of creating and deploying multiple malicious cryptocurrency applications, developing and fraudulently marketing a blockchain platform, the indictment expands on the 2018 charges brought against Park, one of the alleged nation-state hackers previously charged in connection with the 2014 cyberattack on Sony Pictures Entertainment.
The U.S. Justice Department on Wednesday announced the indictment of three North Korean military intelligence officials linked to high-profile cyber-attacks that included the theft of $1.3 billion in money and crypto-currency from organizations around the world. The DOJ described the scope of the North Korean hacking operation as "Extensive and long-running".
"My warning to the public is that digital currency exchanges are not like banks. The security of digital currency exchanges is only as good as your own vigilance. While law enforcement will do everything within our power to protect you, you must also protect yourself." How could the North Korean Lazarus Group become any more of a threat to the rest of the internet? We're glad you asked.
AT&T has been sued for a second time over allegations its staff gave thieves control of a specific individual's cellphone number to steal a large chunk of cryptocurrency. Seth Shapiro's $1.9m claim follows in the footsteps of Michael Terpin, who sued the gigantic US cellular network in 2018 for more or less the same thing: staff ported a subscriber's phone number to a hacker's SIM - a so-called SIM swap scam - allowing the miscreant to steal what Terpin claims in his case was $24m in cryptocurrency.
Netflix has released its Q1 FY20 results and revealed some unusual coronavirus impacts. Made most plain in its Form 10-Q [PDF], Netflix said: "The COVID-19 pandemic has also led to an increase in our net paid membership additions relative to our quarterly forecast and historic trends."
Six individuals were arrested in the United Kingdom last week for their involvement in a bank cyber-heist and money laundering operation. The arrests were made in connection to the laundering of money stolen in February 2019 from Malta's Bank of Valletta, after cyber-criminals used malware to access the bank's systems and illegally remove around €13 million.
Police in the United Kingdom have arrested six suspects as part of a months-long money laundering investigation tied to the theft of €13 million from a Maltese bank. As part of the investigations into the bank heist, which has been tied to an organized crime gang, Britain's National Crime Agency says it arrested two men, ages 22 and 17, last week in London.
Police in the United Kingdom have arrested six suspects as part of a months-long money laundering investigation tied to the theft of €13 million from a Maltese bank. As part of the investigations into the bank heist, which has been tied to an organized crime gang, Britain's National Crime Agency says it arrested two men, ages 22 and 17, last week in London.