Banking and Finance

ATM Jackpotting Spotted in the US

ATM Jackpotting Spotted in the US

ATM manufacturers Diebold Nixdorf and NCR warned that a hacking technique called “jackpotting” has now recently been seen in the US. The “black box” attack was first spotted in action in Western Europe and Mexico. The attackers often drill the machine to expose wiring where a laptop can be connected. Brute force attacks are then used on vulnerable systems. According to a source that talked to security authority Brian Krebs, the criminals who carried the attacks on US ATMs used a malware called Ploutus.D which was first seen in Mexico in 2013, and discontinued Diebold Nixdorf ATM models Opteva 500 […]

SEC Issues C&D Against 4 ICOs

SEC Issues C&D Against 4 ICOs

It was recently revealed that the Philippines Securities and Exchange Commission had filed a cease-and-desist order against four companies running an Initial Coin Offering scheme. The companies –  Black Cell Technology Inc., Black Sands Capital Inc., Black Cell Technology Limited and Krops, all list Filipino businessman Joseph Calata as founder or CEO. Even though ICO’s are not yet regulated within the country, the SEC’s Enforcement and Investor Protection Department (EIPD) said that the companies were selling or offering securities to the Philippine public without a license from the Commission. The SEC says that Calata may be able to continue the […]

Japan’s Financial Watchdog Comes Down on Coincheck

Japan’s Financial Watchdog Comes Down on Coincheck

Japan’s Financial Services Agency is now breathing down on Coincheck after $530 million in NEM had been stolen from the cryptocurrency exchange. Last Monday, the FSA said that it had ordered the Tokyo-based exchange to improve its security and services. Coincheck said that it will be using its internal funds to return around 90% of the stolen amount, and while the NEM Foundation said that it can trace where the stolen NEM went, there’s no way they can independently return the funds to its owners.     Japan imposed a registration requirement for cryptocurrency exchanges as early as April 2017, and […]

Class Action Suit Filed Against Bitconnect

Class Action Suit Filed Against Bitconnect

Last Thursday, a class action lawsuit was filed against cryptocurrency lending and exchange company Bitconnect by six investors who claimed to have incurred more than $770,000 in losses due to the companies questionable activities and closure. The company was known to have a reputation in the cryptocurrency community as a ponzi scheme which promised 1% return per day and 40% every month to investors who lent them money. Bitconnect has been accused of twelve counts of criminal and civil violations including fraud, offering unregistered securities, rescission of contract with the plaintiffs, deceptive and unfair trade practices among others. Source: CCN

International Regulators to Discuss Bitcoin Risk at G20

International Regulators to Discuss Bitcoin Risk at G20

It was reported from the World Economic Forum in Davos last Friday that international regulators will be discussing the risks posed by Bitcoin at the next G20 summit this coming March. Benoit Coeure, European Central Bank director said that the international community is expected to focus on issues regarding cryptocurrencies at the G20 2018 in Buenos Aires, and may be prepared to answer questions on the matter after the discussion. Source: Reuters

Brisbane Airport First in the World to Accept Cryptocurrency Payments

Brisbane Airport First in the World to Accept Cryptocurrency Payments

Brisbane Airport was reported to have made an unprecedented move when it announced that it will soon be accepting cryptocurrencies such as Bitcoin and Ethereum as payments. BNE, Australia’s third-busiest airport, partnered with Queensland-based cryptocurrency startup TravelbyBit to implement point-of-sale payment systems across retail stores at two of the airport’s terminals. Roel Hellemons, Brisbane Airport Corporation (BAC) general manager of strategic planning and development, said that it made sense to accept cryptocurrencies as payments since a lot of travelers who use the airport make money off trading such currencies. Source: CCN

Cryptocurrency Exchanges Legalized in South Korea, Anonymity Still Banned

Cryptocurrency Exchanges Legalized in South Korea, Anonymity Still Banned

South Korea’s Financial Services Commission (FSC) recently declared cryptocurrency exchanges as legal starting January 30. However, laws governing anonymity in trading are still being enacted, and both native and non-native foreign citizens are prohibited from trading. Six Korean banks, namely the Shinhan Bank, Nonghyup Bank, Industrial Bank, Kookmin Bank, Hana Bank and Gwangju Bank, have already committed to implement the changes.   Major exchanges have already set a variety of requirements for their users in preparation for the new rules. Korbit, along with Bithumb, had already instructed customers to open a Shinhan bank account to be able to continue trading. […]

Evrial Trojan Steals Bitcoin Using Windows Clipboard

Evrial Trojan Steals Bitcoin Using Windows Clipboard

According to security researchers MalwareHunterTeam and Guido Not CISSP, a new trojan which uses Windows Clipboard to steal sensitive information is being actively sold in underground Russian hacking forums for a mere $27. The Evrial trojan is able to monitor Windows clipboard for certain strings, which makes it ideal for intercepting Bitcoin and other wallet addresses. The researchers revealed that attackers often use Evrial to monitor when a user copies his wallet address, which the attacker replaces with his. Since wallet addresses are composed of a long string of numbers, users would very rarely notice that the copied address had […]

Cyber Criminals Steal Around $400 Million from ICOs

Cyber Criminals Steal Around $400 Million from ICOs

According to a recent report by Ernst & Young, hackers have been able to steal around $400 million from initial coin offerings (ICO), which is around 10% of the total funds that have been changed hands during these fund raising events. A number of blockchain projects have been able to successfully raise funds using ICOs, even overtaking venture capital investments in popularity. However, it is also becoming a huge bullseye for scammers and cyber criminals looking to cash in, and it is said that these threat actors are able to steal an average of $1.5 million monthly. The report also […]

IOTA coin cryptocurrency. Vector sign icon. Internet money

Hackers Steal $4 Million in IOTA Funds

Last Monday, it was reported that around $4 million in IOTA was stolen from various wallets which have been compromised by the use of online seed generators. A seed is a 81-character long string which is used to secure IOTA wallets. A lot of users have preferred to use online seed generator websites as it is a more user-friendly option, instead of the workaround detailed at the HelloIOTA website. The top result for IOTA online seed generation has already taken down its website with a message saying “Taken down. Apologies”. Ralf Rottman, a member of the IOTA Evangelist Network, revealed […]

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