In our “Security” section, we cover cybersecurity issues, risks, and protective technologies in the cryptocurrency and blockchain ecosystem. Here you will find information about hacks, fraud schemes, wallet security, and best practices for protecting digital assets. Read the “Security” section on ForkNews to learn how to keep your crypto funds safe.
Europe's largest crypto platform Bitstamp and Irisium Ltd, a leading provider of market monitoring and analytics software for exchanges, regulators and trading firms, have announced a partnership. Monitoring from Irisium will now work on the Bitstamp exchange.
According to the New York Times, on November 20, Manhattan police arrested 21-year-old Nicholas Truglia, who hacked other people's mobile phones in order to appropriate the owners' cryptocurrency.
Hardware wallet maker TREZOR is warning that one of its models, the Trezor One, has been cloned and resold on secondary markets. The manufacturer of the Trezor One imitation devices is not known to the company, but they are very similar to the original ones.
Joseph Kim, 24, of Phoenix, Arizona, was sentenced to 15 months in prison for cryptocurrency fraud, according to the Illinois State Attorney's Office. In particular, he stole Bitcoin and Litecoin coins worth about $600,000 from a former employer and $545,000 from his own acquaintances.
Researchers at cybersecurity company McAfee Labs have discovered new malware called "WebCobra" that uses computers' processing power to secretly mine the cryptocurrencies Monero and Zcash.
A video posted last week by cybersecurity specialist Lukas Stefanko revealed a malicious app hosted on the Google Play Store that steals users' login credentials for regular banking and cryptocurrency apps.
Positive Technologies specialists, who develop software in the field of cybersecurity, conducted a study of the security of trading applications. The results were disappointing.
The technology behind cryptocurrencies has the potential to completely change the financial system through decentralization, the elimination of intermediaries (banks), lowering the fees charged by these intermediaries, and faster international transfers. However, despite all the benefits, cryptocurrency hacks are still a problem that cannot be ignored.
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