Monday, September 26

Cybersecurity

A Day After Nomad Bridge, Solana Wallet Hack Estimated at $8M
Crypto & NFT, Cybersecurity

A Day After Nomad Bridge, Solana Wallet Hack Estimated at $8M

The SOL ecosystem has been the latest target of a cryptocurrency heist when user money totaling $8M was stolen from "hot" wallets based on the Solana blockchain, including Phantom, Slope, and TrustWallet. The Solana network uses its token, referred to as SOL. PeckShield, a company that audits blockchains, claims that the theft is most likely the consequence of a "supply chain flaw" that was exploited on August 3 to acquire user private keys from wallets. It is estimated that approximately $8M was lost in this Solana wallet hack. Most of those affected by the Solana Wallet hack were mobile users, even if the exact cause is unknown. Suppose an attacker successfully signed (that is, initiating and authorizing) transactions on behalf of users of a trusted third-party service. In that...
An Estimation of Crisis according to CNI Cybersecurity Hiring
Cybersecurity, Technology

An Estimation of Crisis according to CNI Cybersecurity Hiring

With an increase in global cybersecurity threats coupled with a lack of skilled professionals in cybersecurity hiring, there is a high level of professional fatigue reported by businesses worldwide. Every 4 out of 10 cybersecurity professionals in the UK report stress triggering them to consider resignation tentatively within 2022, which will result in a severe crisis in the sector. The survey of 521 UK cybersecurity decision-makers in communications, utilities, finance, government, transport and aviation found that 95% of respondents are experiencing factors that would make them likely to leave their role in the next 12 months. In addition, more than two in five (42%) believe a breach at their organization is inevitable and do not want it to tarnish their career, while 40% said the...
The Bull from Peru, AlphaBay, & the Dark Web Marketplace
Business, Cybersecurity

The Bull from Peru, AlphaBay, & the Dark Web Marketplace

The news is The U.S. Securities and Exchange Commission (SEC), and the U.S. Department of Justice (DOJ) have indicted 30-year-old Apostolos Trovias or The Bull from Peru for selling insider trading information on a dark web marketplace. Take a look at the allegation filed by the SEC if you are inclined. Use this PDF link to Sec.Gov detailing the whole story. On July 9, the Federal authorities alleged The Bull for securities fraud and money laundering that he actively engaged in since December 2016, when he registered a "Dark Web" internet site known as AlphaBay Market where he charged individuals $99.95 weekly or $299 monthly subscriptions to get access to inside information on stocks. The AlphaBay Marketplace In the list of infamous dark web marketplaces, AlphaBay "used to be" one ...
From LockerGoga to 16 Conti Ransomware: Hackers Take no Chill
Cybersecurity, Technology

From LockerGoga to 16 Conti Ransomware: Hackers Take no Chill

Last year, we did an article on Nordic SMEs Enjoy Hygge Amidst Global Cybersecurity Threat and covered extensively on the LockerGoga ransomware. We discussed the uniqueness of the strain and how only a handful of expensive anti-malware products can detect and neutralize the LockerGoga. We recommended how Nordic SMEs should be ready to bear that cost over entertaining ransom attackers in any manner.  It is March 2021, and Colonial Pipeline, United States' largest gasoline pipeline, has been shut down following a new ransomware attack. It threatened to roil energy markets and disrupt the delivery of gas and diesel to the East Coast. Colonial is a major thoroughfare for the eastern side of the United States. It has a capacity of around 2.5 million barrels per day on its system from Houston...
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