Hackers

The sim card, that small plastic chip tailored to fit into the phone's sim card reader, plays the role of notifying one's cellular device on which cellular network to connect to. It also informs the network provider of the phone number a user will use. Due to the nature of mobile cellular devices, they are usually prone to be lost. This necessitates switching all these details to a new subscriber identity module (sim) card, increasing ties between one's phone number…

According to the latest reports, hackers are stealing an average of $10 million monthly from Decentralized Finance (DeFi) protocols. CipherTrace, a blockchain analytics platform, revealed this information today in a comprehensive report on the crypto space. DeFi Protocols A Major Target For Hackers According to the report, 40% of all crypto hacks in the first half of 2020 was targeted at DeFi protocols and exchanges. This resulted in a total loss of $51.5 million from January to June from these…

Hackers briefly gained access to US President Donald Trump’s campaign website and posted a cryptocurrency scam campaign. As per reports from Forbes, the attack took place shortly before 4 PM Pacific time. The hackers most likely seized access to the backend of the website to gain control of the website. After gaining control, they posted a message on the about page beneath an FBI parody image claiming. ‘’this site has been seized’’. The world has had enough of the fake…

In 2022 hackers raked in more than $4BN in cryptocurrency through multiple scamming techniques. Millions of others are lost every year from hacking attacks. Cryptocurrency is often seen as the most secure mode of payment. However, data breaches and malware attacks were recently observed in Bitcoin and Ethereum blockchains and were noted to be caused by insecure systems. Although system loopholes are sometimes to be blamed, crypto wallet users share a significant part of the blame, especially when using rooted devices.…

Part of the Bitcoin stolen by hackers from a hack against cryptocurrency exchange Bitfinex in 2016 has been moved. The hackers did not touch the funds worth millions of dollars for about four years. The movement of the funds was noted by Whale Alert, a Twitter bot that tracks the movement of large trades. It was carried out in twenty transactions and the value of each transaction was between 18 and 33 Bitcoin. The transaction with the lowest value was worth $184,868 while the highest was worth…

Someone or group stole users’ personal information from Canada-based cryptocurrency exchange and intends to use it to carry out a wave of SIM swapping attacks. The pseudonymous hacker spoke to media outlet Vice in an online chat on June 2. Based on a report by Vice, the perpetrators said they originally had the intention of selling the data but discovered that more money would be made by SIM swapping the accounts When it comes to SIM swapping, it has to do with cloning someone’s…

Hackers continue to inject malware through various means into computer systems of unwary individuals and organizations to mine cryptocurrencies. It seems a cryptocurrency mining malware has infected thousands of enterprise systems, based on the discovery of malware analysts from cloud security company Red Canary. The cryptocurrency mining malware is said to be operated by a group tracked under the codename of Blue Mockingbird. The activities of the Blue Mockingbird group seem to have started since December last year, based on Red Canary's…

It seems scammers are leveraging the current situation surrounding COVID-19 pandemic to swindle more people as more users filed reports on Bitcoin extortion last month. Reports filed by users of BitcoinAbuse.com database surged by 1,300 percent in April. People are allowed to report suspected criminal cases related to Bitcoin extortion on BitcoinAbuse.com. According to the website’s founder Alan Reed, the website was established in response to the WannaCry ransomware. Since the beginning of this year, 68,000 reports with 21,000 unique Bitcoin addresses…