Tag: encryption
-
CoinsPaid Loses $37 Million in Crypto Currency Theft
CoinsPaid, a crypto-payment service provider, fell victim to a cyber attack, leading to the theft of $37,200,000 worth of cryptocurrency. The company attributes the cyber heist to the North Korea-linked APT Lazarus, which is also responsible for the attacks against Axie Infinity (USD 625M), Horizon Bridge (USD 100M), Atomic Wallet (USD 100M) and Alphapo (USD 23M). The company did not share technical… Read more
-
Alphapo Has $60 Million Stolen in Crypto
A recent attack on payment processing platform Alphapo saw attackers steal almost $60 million in crypto. Alphapo is a centralized crypto payment provider for gambling sites, e-commerce subscription services, and other online platforms, which was attacked on Sunday, July 23rd, with the initial stolen amount estimated to be $23 million. This theft included over 6 million… Read more
-
Ivanti Rushes to Patch Zero-day Used To Breach Norway’s government
Hackers exploited a zero-day flaw in Ivanti’s mobile endpoint management software to compromise a dozen Norwegian government agencies — and thousands of other organizations could also be at risk. The Norwegian Security and Service Organization (DSS) said in a statement on Monday that a “data attack” had struck the IT platform used by 12 government ministries. The… Read more
-
Yamaha Music Victimized in Cyberattack
Yamaha’s Canadian music division confirmed that it recently dealt with a cyberattack after two different ransomware groups claimed to have attacked the company. The Yamaha Corporation — different from the spun-off motorcycle division — is a Japanese manufacturing giant producing musical instruments and audio equipment. It is considered the world’s largest producer of musical equipment.… Read more
-
Average Cost of Data Breach Rises To $4.45 Million – IBM
Data breach costs rose to $4.45 million per incident in 2023, IBM found in its annual Cost of a Data Breach report. Customer and employee personal identifiable information was the most commonly breached type of data in 2023 and was involved in 52% of all breaches reported. The $4.45 million per incident in 2023 is up… Read more
-
US To Launch a “US Cyber Trust Mark”
The White House today announced the launch of a new “U.S. Cyber Trust Mark” program, which will label cyber-secure smart devices and help Americans more easily choose devices that are less vulnerable to cyberattacks. The program, which was first proposed by Federal Communications Commission (FCC), will mark products that meet established cybersecurity criteria with a… Read more
-
North Korean JumpCloud Hack Targets Their Cryptocurrency Clients
A North Korean government-backed hacking group penetrated an American IT management company and used it as a springboard to target an unknown number of cryptocurrency companies, according to two sources familiar with the matter. The hackers broke into Louisville, Colorado-based JumpCloud in late June and used their access to the company’s systems to target its… Read more
-
EU Urged To Start Preparing for Quantum Cyber Attacks
The European Union (EU) must prepare for quantum cyberattacks and adopt a new coordinated action plan to ensure a harmonized transition to post-quantum encryption to tackle quantum cybersecurity threats of the future. That’s according to a new discussion paper written by Andrea G. Rodriguez, lead digital policy analyst at the European Policy Centre. Advances in quantum computing… Read more
-
Dating App Exposes 2.3 Million Records
A non-password protected database that contained approximately 2.3 million records has been discovered by researchers. Upon further investigation, it became clear that these records were associated with multiple dating applications contained in a single database. A majority of the records referred to an application called 419 Dating – Chat & Flirt. However, inside the database,… Read more
-
Clop Ransomware Victims Number 347
Analysts are now aware of 347 impacted organizations, including 58 educational institutions in the United States. This includes Colorado State University, which last week confirmed that student and employee data may have been stolen. More than 18.6 million individuals had their data compromised as a result of the MOVEit hack. He warned that the cybercrime… Read more