CNN and The Washington Post reported Tuesday that Twitter Inc misled federal regulators about its defenses against hackers and spam accounts, citing whistleblower disclosures by the social media company’s former security chief Peter Zatko. CNN reported, citing Zatko’s complaint, that Twitter executives did not have the resources to fully understand the true number of bots on the platform, and were not enthusiastic about it. The social media company is locked in a legal battle with Tesla Inc CEO, Elon Musk, after the world’s richest person said in July that he…
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Hackers steal $1.26 million worth of cryptocurrency from DeFi Inverse Finance
Inverse Finance, the DeFi exchange has once again been hit by a quick loan attack, with attackers stealing $1.26 million in Tether (USDT) and a Bitcoin (WBTC) roll. This comes just two months after the DeFi platform discovered a vulnerability in which attackers stole $15.6 million in a price gouging exploit. Inverse Finance is a decentralized finance (DeFi) platform that facilitates borrowing and lending of cryptocurrencies. Quick loan attacks refer to a clever contract exploitation when the attacker takes a quick loan (unsecured loan) from the DeFi platform, uses the…
Read MoreThe servers of the Joint Commission on Public Ethics in New York were hacked
Officials revealed Friday that the New York state’s ethics watchdog has been attacked by hackers. The web servers of the Joint Committee on Public Ethics were subjected to a “deliberate malicious cyber attack” this week, according to a press release. State tech employees reported suspicious web activity earlier in the week and disabled the JCOPE system as a precaution. A forensic analysis confirmed the attack, and the agency, which regulates pressure at the Capitol, has remained off duty for safety reasons, officials said. It was not clear who was behind…
Read MorePsaki will not comment on records of WH “mining” tech executive linked to Clinton
White House Press Secretary Jen Psaki declined to comment Wednesday on allegations by special counsel John Durham that Chief Technology Officer Rodney Joffe mined the White House’s “non-public” Internet records to find dirt on former President Donald Trump. Fox News reporter Jackie Heinrich Psaki asked during her regular briefing whether a DNS resolver server was still mining White House data and whether its alleged audit by a Hillary Clinton ally constituted “espionage.” Heinrich began to question her: “Durham says there is an outside company with connections to the Clinton Camp…
Read MoreHackers Steal $80 Million Crypto From DeFi Qubit Finance
In what is being called the biggest cryptocurrency heist of 2022, cybercriminals stole $80 million (approximately Rs 600 crore) in crypto assets from decentralized finance (DeFi) platform Qubit Finance. According to ZDNet, the company contacted the hacker and offered them the maximum error reward in exchange for a refund. In a tweet, Qubit Finance acknowledged the hack and said hackers stole 206,809 Binance coins from Qubit’s QBridge protocol. “The team is currently working with security and network partners on the next steps,” she wrote. The company appealed to the hacker…
Read MoreRansomware hackers target unprecedented systems, supply chain networks: report
Ransomware attacks may be the next big threat to the Internet. A new report by cybersecurity firm Ivanti identified 32 new ransomware families in 2021, bringing the total to 157 and representing a 26 percent increase over the previous year. The report, “Year-end Report in the Spotlight on Ransomware,” found that ransomware groups continue to target unpatched vulnerabilities, expand their areas of attack and find new ways to breach organizational networks and fearlessly launch high-impact attacks. For starters, ransomware attacks involve attackers sending malware to your phones and other devices,…
Read MoreCybercriminals Steal $30 Million From DeFi MonoX
Cybercriminals stole $31 million (~Rs226 crore) in cryptocurrency, hacking the decentralized multi-chain exchange MonoX. The attack was first identified on 1 December. MonoX Finance is a Decentralized Finance (DeFi) platform focused on infrastructure and product development in order to simplify the general use of Bitcoin, via Ethereum along with many other blockchains. “Project owners can list their tokens without the burden of capital requirements and focus on using funds to build the project rather than providing liquidity,” the company explains. Among the missing funds are $18.2 million in Ethereum and…
Read MoreCybercriminals Steal $120 Million From DeFi Badger DAO
Cybercriminals stole $120.3 million (about Rs 900 crore) in cryptocurrency by hacking the decentralized finance (DeFi) protocol Badger DAO. The attack was identified on 1 November. Badger DAO, often referred to as BADGER, is an open source decentralized automated organization focused on infrastructure and product development in order to simplify the general use of Bitcoin, via Ethereum along with many other block chains. The hack was first discovered by blockchain security firm PeckShield, who tracked down the missing funds. According to the security firm, the company has lost at least…
Read MoreBlack Friday Sale: How to stay safe and avoid online shopping scams
Many retailers and e-commerce sites run big sales during holidays like Black Friday, which is the time when hackers stay most active and have shopping scams ready. After that, McAfee issued a warning to users and provided tips on how to spot the online shopping scam. How to spot an online shopping scam Beware of fake emails/URLs McAfee also warned users to be aware of email addresses and URLs that look very similar to those of legitimate businesses and retailers. One may often see them in phishing emails offering great…
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