Tag Archives: Security

Facebook Security Director, Amazon BD Director Join Coinbase

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“Ryan McGeehan has recently announced on Facebook, fittingly, that he is leaving his role at Facebook as its Director of Security Incident Response, and taking up a security-related role at Coinbase.  His job, according to his posting, will be to ‘build [Coinbase’s] security program.’  Another senior Amazon director, Todd Edebohls, is also joining the company as its new vice president of business development.  Coinbase co-founder Fred Ehrsam said the company continues to use a cold storage system with multiple distributed keys.  ‘The industry is continuing to evolve,’ he said. ‘We’re attracting very, very top talent from prior rocketships that were successful.'”

http://techcrunch.com/2014/03/19/facebook-security-director-joins-bitcoin-startup-coinbase/

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Another Bitcoin exchange implodes: Vircurex freezes accounts

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“Vircurex is the latest company to join the growing list of insolvent Bitcoin exchanges, according to a statement issued on its site today.  Vircurex announced that it will immediately stop withdrawals of Bitcoin, Litecoin, and other virtual currencies, reports The Next Web. Starting tomorrow, Vircurex plans to freeze all user accounts.  Plagued by two hacking incidents last year, Vircurex previously pledged to cover its user’s losses via its own income. Due to ‘large fund withdrawals in the last weeks,’ however, Vircurex claims it has taken the above actions to prevent the service from shutting down entirely.”

http://venturebeat.com/2014/03/23/yet-another-bitcoin-exchange-implodes-vircurex-will-freeze-accounts-tomorrow/

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Breaking: CoinEx.pw hacked, all coins stolen

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“Another one bites the dust. CoinEx.pw seems to be the next exchange that became the victim of a successful hack.  Three days after the site went down, Erundook finally released an update concerning the CoinEx situation. It seems the exchange was definitely a victim of a hack. The wallet server was hacked and all coins were withdrawn.  Whether CoinEx will be able to recover all lost funds from their own pockets, remains to be seen. Selling shares may be a solution, but the community will only ease once they have definite proof that all coins are restored to the right users.”

http://www.cryptocoinsnews.com/2014/03/19/coinex-pw-hacked-all-coins-stolen/

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10,000 Linux servers hit by malware serving spam and exploits

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“Until now, publicly known details of the attack were largely limited to its use of a self-injecting rootkit—Phalanx or Phalanx2—to infect kernel.org servers known as Hera and Odin1, as well as personal computers belonging to senior Linux developer H. Peter Anvin. The malware had access to potentially sensitive information stored on the infected machines. A follow-up advisory a few weeks later opened the possibility that still other developers may have fallen prey to the attackers.  According to Eset, kernel.org servers were probably infected by a second piece of malware dubbed Linux/Ebury, an OpenSSH backdoor used to keep control of the servers and steal credentials.”

http://arstechnica.com/security/2014/03/10000-linux-servers-hit-by-malware-serving-tsunami-of-spam-and-exploits/

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Hackers hijack 300,000-plus wireless routers, make malicious changes

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“So far, the attacks have hijacked more than 300,000 servers in a wide range of countries, including Vietnam, India, Italy, Thailand, and Colombia. Each compromise has the potential to redirect virtually all connected end users to malicious websites that attempt to steal banking passwords or push booby-trapped software, the Team Cymru researchers warned. The campaign comes weeks after researchers from several unrelated organizations uncovered separate ongoing mass hacks of other routers, including a worm that hit thousands of Linksys routers and the exploit of a critical flaw in Asus routers that exposes the contents of hard drives connected by USB.”

http://arstechnica.com/security/2014/03/hackers-hijack-300000-plus-wireless-routers-make-malicious-changes/

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In phishing attack, Microsoft’s unmentionables aired by hacktivists

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“Billing invoices and other documents show Microsoft charging the FBI hundreds of thousands of dollars a month to comply with legal requests for customer information, according to The Daily Dot. The stolen Microsoft material was provided by members of the Syrian Electronic Army (SEA), a hacking group that has compromised social media accounts and occasionally private networks of eBay and Viber, as well as media outlets including The Washington Post, the Associated Press, The Financial Times, the BBC, Al Jazeera, and Forbes. The group has proven itself to be extremely effective in waging highly targeted phishing attacks that extract login credentials.”

http://arstechnica.com/security/2014/03/taken-in-phishing-attack-microsofts-dirty-laundry-aired-by-hacktivists/

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This drone can steal what’s on your phone

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“Hackers have developed a drone that can steal the contents of your smartphone — from your location data to your Amazon password — and they’ve been testing it out in the skies of London.  CNNMoney took Snoopy out for a spin in London on a Saturday afternoon in March and Wilkinson was able to show us what he believed to be the homes of several people who had walked underneath the drone. In less than an hour of flying, he obtained network names and GPS coordinates for about 150 mobile devices.  He was also able to obtain usernames and passwords for Amazon, PayPal and Yahoo accounts created for the purposes of our reporting so that we could verify the claims.”

http://money.cnn.com/2014/03/20/technology/security/drone-phone/

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Thieves dig 50-foot tunnel to steal money from a grocery store ATM

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“A group of thieves in the UK dug a 50-foot underground tunnel to steal money from an ATM this week, according to a statement released today by the Greater Manchester Police. The theft occurred between midnight and 6AM on March 14th, at a Tesco grocery store in the town of Eccles. Police say the thieves accessed and escaped the store from an underground tunnel that they dug at an abandoned lot nearby. It’s not clear how much money they made off with, though investigators described it as ‘a substantial sum.’  In 2012, a group dug a 100-foot tunnel to steal about £6,000 ($9,915) from an ATM located near a Blockbuster store in Manchester.”

http://www.theverge.com/2014/3/20/5528896/thieves-dig-50-foot-tunnel-to-steal-money-from-uk-atm-tesco

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U.S. Risks National Blackout From Knockout Of Nine Power Stations

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“The study’s results have been known for months by people at federal agencies, Congress and the White House, who were briefed by then-FERC Chairman Jon Wellinghoff and others at the commission.  FERC has given the industry until early June to propose new standards for the security of critical facilities, such as substations.  Executives at several big utilities declined to discuss the risks to substations but said they are increasing spending on security. Virginia-based Dominion Resources Inc., for example, said it planned to spend $300 million to $500 million within seven years to harden its facilities.”

http://online.wsj.com/news/articles/SB10001424052702304020104579433670284061220

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Over $100K in Bitcoin Was Stolen in a Ridiculously Low-Tech Heist

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“On Tuesday news broke that a Canadian Bitcoin exchange, simply known as ‘Canadian Bitcoins,’ was robbed of nearly $100,000 worth of cryptocurrency.  The method that Canada’s newly crowned most successful bitcoin thief used has exposed a massive (but by no means new) gap in computer security: human beings. All this thief did was open up a chat window with the data center that hosts the Canadian Bitcoins website and pretend to be its CEO, James Grant. Given that at no point did Granite Networks — the company that hosted Canadian Bitcoins — ever speak with the thief, the cyber-burglar could have been a 12-year old girl with an advanced knowledge of server systems and deception.”

https://news.vice.com/articles/over-100k-in-bitcoin-was-stolen-in-a-ridiculously-low-tech-heist

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