A staggering $1.9 billion in cryptocurrency was stolen by criminals in 2020, a recent report by Finaria reveals. Fortunately, despite the growth of the crypto market, crypto crime has decreased by 57% since 2019, dropping to $1.9 billion. The widespread recent implementation of stronger security measures also means crypto-criminals stole 160% more in value in 2019 than in 2020, despite the similar number of crimes.
Over time technologies evolved and now things that seemed to be not possible several years ago become the reality. Now you can order food, services, and basically anything you need online, and pay for it without leaving home. No surprise here, that cash payments are becoming a relic of the past. Along with wireless payments like Google or Apple pay (that still require assigning a banking account or card i.e. physical currency), the cryptocurrencies like Bitcoin are getting widely used.
Identified as targeting cryptocurrency users through nefarious cross-platform applications, a remote access trojan (RAT) dubbed 'ElectroRAT' has recently been in the headlines following an investigation into the threat by researchers at Intezer.
With many financially-motivated threat actors targeting cryptocurrency, it comes as no surprise that users of 'Stellar', an opensource blockchain payment network, have recently been targeted in a somewhat convincing attack in an attempt to steal their holdings of Lumen (XLM), an 'altcoin' cryptocurrency.
European cryptocurrency exchange platform Eterbase has announced that it has suffered a security breach which saw malicious hackers access its network and steal funds worth US $5.4 million. In a message posted on Telegram, the Slovakian cryptocurrency exchange listed the six hot wallets plundered by cybercriminals for their Ether, Tezos, Bitcoin, ALGO, Ripple, and TRON riches.
The healthcare industry is transforming with the integration of ground-breaking technologies capable of storing patient records electronically. The shift to the digitization of systems makes a variety of healthcare solutions possible that never could have been imagined — but it also puts healthcare data at risk to hackers and cyber attacks. In answer to this problem, blockchain technologies are emerging as a viable option for the storage and updating of electronic health records (EHRs).
In under five years time, Kubernetes has become the default method for deploying and managing cloud applications, a remarkably fast adoption rate for any enterprise technology. Amongst other things, Kubernetes’s power lies in its ability to map compute resources to the needs of services in the current infrastructure paradigm. But how does this tool work when faced with the new infrastructure layer that is blockchain? Can the two technologies be used in conjunction?
For just under 90 minutes last Thursday, hackers were able to compromise the systems of cryptocurrency lending platform BlockFi, and gain unauthorised access to users’ names, email addresses, dates of birth, address and activity history.
About the time that Bitcoin was becoming a household name in the cryptocurrency business, an associated up-and-coming technology called blockchain was making waves and being hailed as the next big thing. Then it all but disappeared from the pages of the tech journals and websites. In other words, the big splash never materialized. Looking back, the problem was that it was so new and revolutionary that nobody knew what to do with it yet.
This is part 2 of a blog on healthcare security. For more info, check out part 1. An independent guest blogger wrote this blog. When it comes to data security, there is no more important place than the healthcare industry. When people go to the doctor, they provide all of their most sensitive information, from their health issues to their phone number, to a doctor they trust.
