Monday, 11 June 2018

Cryptocurrencies Lose $US42b after South Korea Bourse Hack

The 2018 selloff in cryptocurrencies deepened at the weekend, wiping out $US42 billion of market value and extending this year's slump in Bitcoin to more than 50 per cent.

Link: The Australian Financial Review

Will Cardano [ADA] be Affected by the New Canadian Regulatory framework?

"Well thanks, Canada," says the CEO of IOHK, the owner of the product Cardano [ADA] as he came across the news stating that the Canadian government has declared cryptocurrency businesses to be regulated. As per the Canadian government's new move, all businesses that are involved in digital currency dealing will now be regulated as Money Services Businesses [MSBs].

Link: AMB Crypto

Verge (XVG) Loses Over $1 Million in a Recent Hack

At first glance, the attack can be seen as an attempt to disrupt the transactions by overloading the network. It goes without saying that the DDoS attack was used to stop other people from accessing resources within the blockchain. In what can be considered a massive hacking incident lasting a couple of hours, XVG has lost more than $1.7 million. Tracing the recent developments of Verge, a similar attack was reported last month, wherein over 25,000 XVGs were stolen.

Link: Global Coin Report

Catching Up on the New Breed of Digital Extortion

Digital extortion, defined as the act of coercing an individual or organisation into paying money in exchange for stolen cyber assets, has been predicted by many cybersecurity experts as a threat that will continue to grow rampant. Digital extortion is cheap and easy to commit. Its victims also tend to pay up without involving the police. Therefore, digital extortion has since evolved into the most successful criminal business model in the current threat landscape.

Link: Security Brief Asia

Holes Punched in Hull of Maritime Security

Infosec Europe Years-old security issues mostly stamped out in enterprise technology remain in maritime environments, leaving ships vulnerable to hacking, tracking, and worse.

Link: The Register

Dragonfly: How Britain's Energy Sector was Hacked

Last June, on the day the British public went to the polls in the 2017 general election, the country's energy system was hit by a major cyberattack.

According to a leaked memo from spy agency GCHQ, companies across the sector were compromised by hackers.

Link: Unearthed

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