CYBER SECURITY
Cryptocurrency Phishing Attacks Surge in 2022
Kaspersky reports a 40% YoY increase in cryptocurrency phishing attacks in 2022. These attacks involve fake websites and communication channels that mimic official companies to trick users into sharing private information such as private keys. Kaspersky warns that scammers continue to evolve their techniques and stories to lure in unsuspecting crypto investors.
OpenAI Launches Bug Bounty Program
OpenAI has launched a bug bounty program to address privacy and cybersecurity issues, inviting security researchers and ethical hackers to identify and address vulnerabilities in its systems. The program offers cash rewards ranging from $200 to $20,000 for qualifying vulnerability information.
Japan supports OpenAI amid concerns
Japan expressed interest in incorporating OpenAI’s technology into government systems, provided privacy and cybersecurity concerns are addressed. OpenAI CEO, Sam Altman, visited Japan and met with government officials to discuss the potential of the technology and how to maximize its benefits while minimizing risks. Meanwhile, OpenAI is being investigated by Canada’s privacy commissioner for allegedly collecting and utilizing personal information without consent.
DeFi Execs Argue KYC as Solution to Combat Money Laundering in the Industry
DeFi executives at the WOW Summit in Hong Kong endorse KYC as a solution to tackle AML issues and combat hackers laundering stolen funds into clean money. However, there are concerns that KYC alone will not solve all AML problems and that different mechanisms should be used for different solutions.
Cybersecurity Firm Halborn Warns of Zero-Day Vulnerabilities in Over 280 Blockchain Networks
Cybersecurity firm Halborn has warned of a vulnerability called "Rab13s" that could put over 280 blockchain networks at risk of zero-day exploits, potentially exposing at least $25 billion worth of crypto. The most critical vulnerability could allow an attacker to send malicious consensus messages to individual nodes, causing each to shut down and potentially enabling a 51% attack on the network. While Dogecoin, Zcash, and Litecoin have already implemented patches for the discovered vulnerabilities, hundreds of other networks remain at risk.
Hong Kong Suffers Surge in Crypto Scams in 2022
Hong Kong police reported a surge in crypto-related scams in 2022, with losses amounting to HK$1.7 billion ($216.6 million), up 106% from the previous year. The number of crypto-related scam cases reported in Hong Kong also surged by 67% from 2021. Such scams accounted for over 50% of the HK$3.2 billion ($407 million) stolen from city residents in technology crimes. The Hong Kong police CyberDefender website reported almost 23,000 cases of technology-related crimes in 2022. The use of cryptocurrency has made it more complicated for enforcement to track criminal funds, as fraudsters can hide their identities, transactions, and final destination.
ZenGo's NFT Hack Detector
The display compares OpenSea NFT trading amounts to floor pricing.
Dozens of AI-Powered Chatbot Tokens Found to Be Part of honeypot schemes
Blockchain security company PeckShield has warned about "dozens" of BingChatGPT pump-and-dump tokens.
OneKey Addresses Vulnerability That Allowed Hardware Wallet to be Hacked
White hat hackers identified weaknesses in crypto wallet OneKey's software earlier this year that allowed them to hack a hardware wallet in one second, however OneKey corrected the problem and no one was affected.
Naoris Protocol Secures $11.5 m Funding, Enhancing Web3 Networks Security
Cybersecurity protocol Naoris raised the funding with $11.5 million, which it mentions will enable it to revamp network security for the Web3 world.
Exploitation in the NFT World is Real But Are They Preventable?
Blockchain.News recently spoke to three industry leaders to explore NFT-linked security weaknesses and solutions. Experts suggest investors should always do their own due diligence before injecting funds into any project, no matter the hype.
BAYC says Discord Server was "Compromised"
Bored Ape Yacht Club (BAYC) announced through Twitter that its Discord server was hacked.
400 Crypto.com Accounts Hacked, CEO Confirms Reimbursement for all Victims
According to a Bloomberg interview, Kris Marszalek, CEO of Crypto wallet provider and trading platform Crypto.com, said he would be more than willing to share information about Tuesday's hack if the regulator has any relevant inquiries.
Centralization Caused Most DeFi Hacks of 2021, $1.3B Loss to Users in 2021
Certik says the centralization of operational models cited is one of the major faults amongst protocols that suffered mishaps, causing at least $1.3 billion loss to users last year.
Mastercard Attains CipherTrace to Boost Security and Fraud Detection in the Crypto Ecosystem
Payment giant Mastercard announced the acquisition of CipherTrace to offer businesses powerful intelligence about the crypto economy as digital assets continue becoming more intertwined with daily activities.