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Nalezeno "IT Security": 3494

Ledger shares follow-up on last week’s security incident


Ledger witnessed a security incident on December 14, 2023, affecting $600k in assets. It has now published an incident report detailing how the event played out. The incident began with one of the employees becoming a victim of a phishing attack that granted the hacker access to the NPMJS account...

Tackling NFT Theft With the Three Address Protocol


The Three Address Protocol offers a structured strategy to safeguard non-fungible tokens (NFTs), dividing activities across three specialized addresses to combat digital asset theft. TAP: Candidate For The New Standard in NFT Security The NFT community has long been plagued by NFT thefts, with...

Atomic Wallet Offers $1 Million Bug Bounty Amid Security Lawsuit


Source: Adobe / Ascannio Amid an ongoing class-action lawsuit related to a $100-million hack in June, the developer of Atomic Wallet has launched a $1-million bug bounty program aimed at identifying security flaws in its wallet software. In an announcement on December 18, the development team...

Binance Successfully Completes SOC 2 Type II Compliance Audit


Source: DALL·E Binance has completed a comprehensive SOC 2 Type II compliance audit, aiming to further enhance cryptocurrency security. The crypto exchange Binance announced in a blog post that it had successfully undergone the System and Organization Controls (SOC) 2 Type II compliance audit. This...

Bitcoin Struggles for Direction in Run-Up to Christmas + More News


Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Bitcoin Struggles for Direction in Run-Up to Christmas Hong Kong’s AIA Carnival to Accept Cryptocurrency Payments in Partnership with...

Ex-Amazon Engineer Guilty of Historic $12.3M Crypto Heist


Source: AdobeStock / Sergey Nivens A former Amazon engineer has pleaded guilty to hacking two cryptocurrency exchanges, resulting in the first-ever conviction involving the hacking of a smart contract.  Shakeeb Ahmed, a former security engineer at Amazon, is now facing the possibility of up to five...

Ethereum Smart Contract Framework Updated to Combat Security Concerns


Ethereum sees significant exchange outflows as investors potentially eye long-term holds. Image by Dennis, Adobe Stock. Ethereum is one of the most widely used blockchain networks globally. Recent findings from CoinMarketCap show that Ethereum has the highest number of total developers, accounting...

Lesotho’s Entire Payment System Reportedly Goes Offline After Cyberattack


The Central Bank of Lesotho recently confirmed that its payment system was attacked by unknown cybercriminals. The bank also acknowledged that the resulting downtime is making it “impossible for all local banks to honor inter-bank transactions in the country.” No Financial Loss Suffered...

Inside Job: Security Engineer Behind Multi-Million Dollar Crypto Exploits


Source: Adobe / Rawpixel.com Shakeeb Ahmed, a senior security engineer associated with an international technology company, pleaded guilty on December 14 to computer fraud in connection with his hacking of two decentralized crypto exchanges. The announcement of the guilty plea was made by Damian...

Connect Kit Exploit Sparks Criticism of Ledger’s Security Framework


On Dec. 14, 2023, Ledger’s Connect Kit, a Javascript library for wallet connectivity, suffered a significant exploit. This incident, which was contained within two hours, has brought forth a number of criticisms of Ledger’s security practices. Ledger Exploit Elicits Mixed Reactions From...

Okx Dex Falls Victim to $2.7M Cyber Heist, Arkham Confirms


Numerous reports reveal that a security breach at Okx’s decentralized exchange (dex) platform resulted in financial damages estimated at $2.7 million, as confirmed by the onchain intelligence firm Arkham. Crypto Platform Okx Dex Hit by $2.7 Million Hack, Bounty Offered for Hacker’s...

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