Are you a victim of cryptojacking? Both individuals and organizations are now at risk of this new hacking approach to tap into your computer’s processing power. Most famously, Coinhive has been promoting this controversial new practice to tap for mining the cryptocurrency Monero.
Crypto mining malware is now the weapon of choice for hackers worldwide. The skyrocketing prices of cryptocurrencies is driving the scale of cryptojacking attacks, and can mean very lucrative profits ranging from hundreds of dollars to twenty thousand dollars per month. Victims now include Tesla and the UK government.
As prices of cryptocurrencies continue to skyrocket, fraudulent cryptocurrency scams are on the rise. Twitter cryptocurrency scams impersonating celebrities or influencers are so popular with cryptocurrency thieves and hackers simply because they are so easy to pull off on a daily basis.
As might be expected, the scale and scope of the latest Coinrail cyber heist has increased the call for new cryptocurrency regulations for both exchanges and trading, and could go a long way in maintaining investor faith in the modern financial system.
Many believe that virtual currencies could be a driving force in economic growth. Two new bi-partisan bills will seek to regulate virtual currencies while establishing significant protections for U.S. consumers.
Bans on privacy coins by Japan and now possibly France and Texas might make it harder for criminals to conduct certain types of illegal activities but crypto advocates say these bans could actually harm efforts to make privacy a universal human right.
Many are concerned about Facebook’s Libra cryptocurrency which allows the social media giant to not only know the details about its users’ social life but also their financial activities.
New UN report discloses how North Korea has financed its WMD program with more than $2 billion from cybercrime against world’s largest financial institutions and cryptocurrency exchanges.
Facebook Libra cryptocurrency is facing strong pushback in Europe with concerns raised over the systemic risks to the global financial system and potential data privacy issues.