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#hacking | Turkish hackers target Greek government websites, stock exchange

Source: National Cyber Security – Produced By Gregory Evans Turkish hackers claimed on Friday to have hijacked for more than 90 minutes the official websites of the Greek parliament, the foreign affairs and economy ministries, as well as the country’s stock exchange. On their Facebook page, the hackers group, Anka Neferler Tim, justified their actions […] View full post on AmIHackerProof.com

#cybersecurity | #hackerspace | London Stock Exchange Outage: A Cyberattack? By Iran?

Source: National Cyber Security – Produced By Gregory Evans Secret sources say a London Stock Exchange failure might have been caused by a security breach. GCHQ, the “British NSA,” is said to be investigating a possible inside job involving a bogus software update. Despite official denials, the ever-present “people familiar with the matter” are whispering […] View full post on AmIHackerProof.com

#cyberfraud | #cybercriminals | Facebook ‘Secret Sister Gift Exchange’ Is Illegal Scam, Better Business Bureau Warns

Source: National Cyber Security – Produced By Gregory Evans

A Facebook post that resurfaces around the holiday season has been declared as an illegal scam, according to the Better Business Bureau.

The post discusses the “Secret Sister Gift Exchange,” where participants are instructed to send one gift in order to receive up to 36 gifts in return. However, it’s easy to see that the math just doesn’t add up.

“These gift exchanges, while they look like innocent fun, are really pyramid schemes – and are considered illegal,” the BBB warns.

The gift exchange first became popular in 2015. Users were encouraged to invite others to participate in the exchange and were told that they would receive information on where to send the gifts.

Eventually, participants will be instructed to send an email or social media invitation to send a modest gift to a stranger along with their friends, family and contacts.

“The cycle continues and you’re left with buying and shipping gifts for unknown individuals, in hopes that the favor is reciprocated by receiving the promised number of gifts in return. Unfortunately, it doesn’t happen,” says the BBB.

In reality, the scam relies on recruitments to remain afloat. When people stop participating, the supply of gifts dwindles, letting down countless people who were expecting gifts.

But it doesn’t end there: the information you provide during the exchange can easily end up in the hands of cyber thieves.

“When signing up, the alleged campaign organizer is asking for personal information such as a mailing address or an email,” says the BBB. “With just a few pieces of information, cyber thieves could expose you to future scams or commit identity theft.”

The BBB recommends keeping the following tips in mind should you receive an invitation to participate in an online gift exchange with people you don’t know:

  • Ignore it. Pyramid schemes are illegal in the United States and Canada.
  • Report social media posts inviting users to participate in the gift exchange.
  • Avoid giving out personal identifying information to strangers.
  • Be aware of false claims. Even invitations that claim to be legal and endorsed by the government are false, as the government will never endorse illegal activity.

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The post #cyberfraud | #cybercriminals | Facebook ‘Secret Sister Gift Exchange’ Is Illegal Scam, Better Business Bureau Warns appeared first on National Cyber Security.

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#Hacker Steals $13.5 Million From #Bancor #Cryptocurrency #Exchange

In a statement published hours ago, Israeli-based cryptocurrency exchange Bancor fessed up to a security incident following which a hacker made off with roughly $13.5 million worth of cryptocurrency.

The hack took place yesterday, July 9, at 00:00 UTC, according to Bancor, after an unknown intruder(s) gained access to one of the company’s wallets.

This was a big deal because Bancor doesn’t run as a classic exchange platform, but uses a complex mechanism based on smart contracts running on the Ethereum platform to move funds at a quicker pace than classic exchange platforms.

The compromised wallet also granted the attacker access to updating the smart contracts responsible for converting user funds.

Bancor says the hacker used this access to withdraw 24,984 Ether (ETH) coins (~$12.5 million) from Bancor smart contracts and sent the Ether to his own private wallet.

Similarly, he also withdrew 229,356,645 Pundi X (NPXS) coins, worth another $1 million.

Security feature prevents theft of another $10 million

The hacker also withdrew 3,200,000 Bancor tokens (BNT) (worth around $10 million), which Bancor had issued last year as part of its ICO that raised over $150 million, but Bancor says a security feature in Bancor tokens allowed it to freeze the funds and prevent the hacker from cashing it out at other exchanges.

“It is not possible to freeze the ETH and any other stolen tokens,” Bancor says. “However, we are working together with dozens of cryptocurrency exchanges to trace the stolen funds and make it more difficult for their thief to liquidate them.”

Bancor said the hacker didn’t compromise any user wallets. The theft appears to have affected only Bancor’s reserves, which the company held to facilitate the cryptocurrency exchange process.

Bancor did not reveal how the hack took place but promised more updates in the following days via its website and its Twitter account. Bancor’s platform is currently down and undergoing maintenance work.

Last year, a security researcher criticized the Bancor platform for using smart contracts that contained several security flaws.

Below is Bancor’s initial statement regarding yesterday’s security breach.

Source: https://www.bleepingcomputer.com/news/security/hacker-steals-135-million-from-bancor-cryptocurrency-exchange/

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Chinese Bitcoin exchange denies hacking rumors after theft of $2.5M

Source: National Cyber Security – Produced By Gregory Evans

A Chinese Bitcoin trading exchange has denied rumors that it suffered a hacking attack after its users lost a total of $2.5 million in Bitcoins to unknown actors. On 4 October 2017, OKex, a cryptocurrency exchange which functions as part of the Chinese Bitcoin company OKcoin, acknowledged that several of…

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Bitcoin Exchange Denies Getting Hacked After Customers Lose $3 Million

Source: National Cyber Security – Produced By Gregory Evans

OKEx, a Bitcoin exchange based in China, issued a statement over the weekend, denying it was hacked and blaming recent thefts on careless users who didn’t secure their accounts. Rumors that hackers breached OKEx started since the end of August when several users began complaining about funds disappearing from their…

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Fourth largest Bitcoin exchange. Bithumb, hacked for billions of Won

Source: National Cyber Security – Produced By Gregory Evans

The largest bitcoin and ether exchange in South Korea by volume, Bithumb, was recently hacked. Monetary losses from compromised accounts have started to surface, and are quickly reaching into the billions of won. With a reported 75.7% share of the South Korean bitcoin market volume, Bithumb is one of the…

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Blockchain could facilitate exchange of threat intelligence among industries: Frost & Sullivan

Source: National Cyber Security – Produced By Gregory Evans

Blockchain could facilitate exchange of threat intelligence among industries: Frost & Sullivan

Consulting firm Frost & Sullivan recently highlighted the growing threat of cyber attacks, particularly as more industries are becoming increasingly connected to the Internet due to the Internet of Things (IoT).
Analysts at the firm’s Asia Pacific Cyber Security practice

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All Bitfinex clients to share 36% loss of assets following exchange hack

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Source: National Cyber Security – Produced By Gregory Evans

All Bitfinex clients to share 36% loss of assets following exchange hack

Bitfinex, the cryptocurrency exchange that lost $72m (£55m) to hackers last week, has told customers they will lose just over 36% of the assets they had on the platform but will be compensated for these losses with tokens of credit.

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Hackers Steal $2 Million From Bitcoin Exchange In Hong Kong, Bounty Offered To Recover Funds

ComputerYour ads will be inserted here byEasy Plugin for AdSense.Please go to the plugin admin page toPaste your ad code OR Suppress this ad slot. For cryptocurrency enthusiasts seeking mainstream adoption, events like this are so unhelpful. Hackers appear to have made off with the equivalent of $2 million in digital currencies from Gatecoin, according […] View full post on AmIHackerProof.com | Can You Be Hacked?