Private Equity Moris Beracha Wuani

By  Marie Huillet As many as 50,000 servers worldwide have allegedly been infected with an advanced  cryptojacking  malware that mines the privacy-focused open source cryptocurrency turtlecoin (TRTL). The news was  revealed  in an analysis by international hacker and cybersecurity expert group Guardicore Labs on May 29. As reported, cryptojacking is an industry term for stealth crypto mining attacks which work by installing malware that uses a computer’s processing power to  mine  for cryptocurrencies without the owner’s consent or knowledge. Having first detected the campaign in April and traced its origins and progress, Guardicore Labs believes the malware has infected up to 50,000 Windows MS-SQL and PHPMyAdmin servers over the past four months worldwide. The analysts backdated attacks to late February, noting the campaign’s precipitous expansion at a rate of over “seven hundred new victims per day.” Between April 13 and May 13, t...

Daniel Palmer After news broke yesterday of yet another hack of a cryptocurrency exchange in Japan, the country's police authority has released figures revealing the rise in such attacks this year. According to a report from The Asahi Shimbun Thursday, the National Police Agency (NPA) has released data for the first six months of 2018 that reveal cyberattacks on crypto wallets and platforms tripled over the same period last year. The NPA said that, through 158 cyber-breaches, hackers had stolen a massive 60.503 billion yen (around $540 million) worth of cryptocurrency. That figure puts the total for January through June 2017 in the shade – a period when $5.9 million in cryptos was stolen in 149 cases of theft. As per the data, the majority of the losses for 2018's first half were stolen from exchange platforms, around $518 million. The remainder – just over $22 million – was taken from individuals' crypto wallets. In what should be a lesson for us all in what not to do...