Security

  A New York City hacker used a smartphone SIM scam to steal more than $1 million from a wealthy Silicon Valley resident. The New York Post calls 21-year-old Manhattan resident Nicholas Truglia the “Billy the Kid of bitcoin”...

  Swedish resident Jermu Michael Salonen lost his Cryptopay wallet account password in August 2017. When the company refused to provide a new password for privacy and security reasons, that’s when things became potentially explosive. With no resolution by...

  CryptoIns is a new online insurance service based in Switzerland. In October, the company launched a service providing insurance for investors holding assets in 24 cryptocurrency exchanges and wallets, although that number is expected to grow. Together with...

A report from Group-IB shows 14 cyberattacks on cryptocurrency exchanges resulted in a loss of $882 million between January 2017 and September 2018. Five attacks have been linked to North Korean hackers from the Lazarus state-sponsored group on four...

  A new report from cybersecurity firm CipherTrace says cryptocurrency thefts have reached nearly $1 billion so far in 2018. $927 million has been stolen by the end of September 2018, the company says, an increase of 250% over...

At the same time the New York State Attorney General issued a 42-page report with concerns about cryptocurrency exchange security and investor protection, Japanese cryptocurrency exchange Zaif was hacked for $59.7 million earlier this week. The loss was...

New York State Attorney General Barbara Underwood’s office today released findings from a report looking into the “integrity” of cryptocurrency exchanges that are accessible to New York residents. In April 2018, the Virtual Markets Integrity Initiative was launched...

Singapore-based ECoinmerce and several other industry leaders are forming a Crypto Community Watch group designed to self-police the industry, provide an anonymous tip line and reward whistleblowers who identify industry scams. The program was created by a consortium...

In the UK, Her Majesty's Courts and Tribunals Service (HMCTS) is exploring distributed ledger technology to secure preserve evidence within the British judicial system. Balaji Anbil, Head of the Digital Architecture and Cyber Security team at HMCT writes in...

  There’s no better authority to verify that bitcoin users are now speculators and not drug dealers according to the Drug Enforcement Administration (DEA). In fact, Special Agent Lilita Infante at the US DEA told Bloomberg criminal activity behind...