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Infrastructure Technology Group Questions Hacker Group’s NASA Breach Claim

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The Institute for Critical Infrastructure Technology (ICIT), a non-partisan group of innovation experts and firms that provides solutions to support and protect critical infrastructure, has questioned the AnonSec hacker group’s claim that it breached NASA’s internal networks and almost crashed a Global Hawk Drone in the Pacific Ocean. Hacked reported AnonSec’s claim on Monday.

AnonSec claimed that in 2013 it bought an “initial foothold” from a hacker who had knowledge of NASA servers, then started trying to find out how many computers they could break into and hijack. The hackers claimed they gained flight logs, employee personal information and video footage from the $222 million drone.

ICIT logo

James Scott, ICIT co-founder and senior fellow, contacted Hacked and presented an assessment of the hacktivists’ claims.

Hacktivists’ Claims Scrutinized

An AnonSec administrator contacted a journalist and claimed to have exfiltrated between 100 to 276GB of data from NASA drone systems and servers, according to Scott. AnonSec also claims to have provided The Guardian and Wikileaks with copies of the encrypted data.

The next day, the hacker group provided “samples” of the data online, supposedly containing 631 aircraft and radar videos, information on 2,414 employees, and 2,143 flight logs.

AnonSec said it targeted NASA because they want the agency to disclose the amount of radioactive and hazardous chemicals in the upper atmosphere. AnonSec claims NASA obfuscated the real levels in an effort to diminish the global warming threat.

The hacktivist group has threatened to reveal its stolen data through The Guardian and Wikileaks if NASA fails to release its actual finding in the next month.

It released only a teaser video on the indexed Internet. Larger files allegedly from the breach have surfaced on the darknet, but the data hasn’t been verified.

Accessing NASA Servers

Scott said the group did not breach NASA systems through any sophisticated attack vector. They bought a foothold on the deepweb from a hacker with “knowledge of NASA servers.” The seller could have been a malicious threat actor inside NASA. Other accounts indicate the hacker could have established a presence by accidentally infecting a NASA system with the gozi virus.

AnonSec claims it used a sniffing program to steal a system administrator password. These stolen credentials allowed the group to access at least three network-attached storage devices (NAS) that contained backup copies of flight logs and data.

The group also claims to have focused on these systems in order to copy data as NASA employees uploaded new data. It targeted drone systems because the systems record chemical samples from the upper atmosphere. It dedicated members to the technical aspects of the breach like infecting new hosts, compromising camera systems or mapping the network.

Other members sifted through the allegedly stolen data.

Corroborating Claims Challenging

Corroborating or disproving the hacktivists’ claims may be difficult for security experts since the group claims to have deleted indicators of their network presence.

The current status of the breach is still at “claim” level and there has been no response from NASA or the FBI that legitimizes the claim, Scott said.

AnonSec claims it spent months in NASA’s internal network. Scott said it is hard to believe NASA hasn’t created a technologically sophisticated cyber barricade around its infrastructure.

What NASA Could Have Done

If AnonSec’s breach claim is accurate, NASA could have used the following methods to slow down the breach:

1) User behavior analytics. This is an early warning mechanism to detect user behavior abnormalities.

2) User behavior biometrics. This is another early warning mechanism that is valuable when used to detect physical abnormalities in users’ technical behavior.

3) Multi-layered field encryption of data in transit and stationary, including name, email, phone, etc. should each of these have individual encryption algorithms. If the adversary breaches the network and goes undetected and can exfiltrate information, they have to decrypt each field.

4) Ongoing penetration testing. This is penetration testing by skilled hired hackers to uncover vulnerabilities in the network and IoT attached devices.

5) Insider threat analysis. People who work at federal agencies with access to classified material must undergo direct and indirect psychological and lifestyle assessments to see if they are under threat or could become a threat. Credit profile, marital and family relationships, financial threats and professional satisfaction all play a role in assessing the possible threats from inside an organization.

6) Consider that each network, device, drone, NASA location is vulnerable and breached until proven otherwise by penetration testing and vulnerability assessment/risk analysis. Such simulations consider all known threat actors, exploits and vulnerabilities.

7) Change administration credentials from “default” to a creative combination.

The above information is based on what is known about the breach that AnonSec claims to have facilitated, Scott said.

What Did AnonSec Divulge?

Also contesting the credibility of the hack is that the leaked employee information only consists of names, email addresses and phone numbers. Much of that information is attainable on the open internet and the all of that information can be stolen from a hacked Microsoft Outlook account (or comparable email client).

The prototype hacker process begins with the following steps, Scott said. Knowing these steps can help organizations spot vulnerabilities.

• Reconnaissance. This is the social engineering phase, intelligence gathering on the target and various paths to the target
• Internal exploitation.
• Establish persistence and gain a foothold.
• Install tools.
• Move laterally throughout the network.
• Collect, exfiltrate and exploit.

Images from Shutterstock and ICIT.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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3.9 stars on average, based on 8 rated postsLester Coleman is a veteran business journalist based in the United States. He has covered the payments industry for several years and is available for writing assignments.




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Breaches

MyEtherWallet Compromised in Security Breach; Users Urged to Move Tokens

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Popular cryptocurrency service MyEtherWallet (MEW) is urging users to move their tokens after the platform succumbed to its second cyber attack of the year. As the company reported earlier, hackers targeted MEW’s popular VPN service in an attempt to steal cryptocurrency.

Hola VPN Users Compromised

Rather than target MEW directly, hackers took control of the Hola VPN service, which claims nearly 50 million users. For the next five hours, MEW users who had the Hola chrome extension installed and running on their computer were exposed.

MEW took to Twitter to urge users to move their funds immediately.

“Urgent! If you have Hola chrome extension installed and used MEW within the last 24 hrs, please transfer your funds immediately to a brand new account!” the company said. It added the following message shortly thereafter:”We received a report that suggest Hola chrome extension was hacked for approximately 5 hrs and the attack was logging your activity on MEW.”

At the time of writing, MEW’s Twitter feed had no further updates.

MyEtherWallet is used to access cryptocurrency wallets, where users can send and receive tokens from other people.

The company reportedly told TechCrunch that the attack originated from a Russian-based IP address.

“The safety and security of MEW users is our priority. We’d like to remind our users that we do not hold their personal data, including passwords so they can be assured that the hackers would not get their hands on that information if they have not interacted with the Hola chrome extension in the past day,” MEW said, as quoted by TechCrunch.

It’s not yet clear how many users were compromised in the attack or how much, if any, was stolen from their wallets. MEW suffered a similar incident in February after a DNS attack wiped out $365,000 worth of cryptocurrency from users’ accounts.

Cyber Attacks on the Rise

The attack on MEW came less than 24 hours after Hacked reported another major cyber breach involving Bancor, a decentralized cryptocurrency exchange. The security breach compromised roughly $23.5 million worth of digital currency, including Ethereum, NPXS and BNT, Bancor’s native token.

Last month, a pair of South Korean exchanges fell prey to cyber criminals, prompting local regulators to expedite their approval of new cryptocurrency laws.

It has been estimated that a total of $761 million has been stolen from cryptocurrency exchanges in the first half of the year, up from $266 million in all of 2017. That figure is expected to rise to $1.5 billion this year.

CipherTrace, the company behind the estimates, told Reuters last week that stolen cryptocurrencies are mainly used to launder money and aid criminals in concealing their identities.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 612 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.




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Mt. Gox vs. Bithumb: That Was Then, This Is Now

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Bithumb now shares something in common with the Tokyo-based shuttered bitcoin exchange Mt. Gox — both suffered a hack on about the same date, June 19. It’s a club that no exchange wants to belong to and that Bithumb happened on the seven-year anniversary of Mt. Gox’s maiden attack has to be more than an eerie coincidence.

It’s a stark reminder of the risks involved with keeping funds on an unregulated exchange, vulnerabilities that cost South Korea’s Bithumb some $36.6 million in digital cash and Mt. Gox $450 million in hacked bitcoin and its future. The Mt. Gox theft unfolded over a series of hacks that culminated in 2014. Though it’s still early on in the Bithumb hack, it appears the South Korean exchange will recover from the security breach. So what do we know now that we didn’t on June 19, 2011?

Then vs. Now

Former Coinbase official Nick Tomaino, who is also the founder of crypto fund 1 confirmation, reflected on the Mt. Gox hack in what proved to be a prescient tweet given the Bithumb attack that was about to surface.

The thing to note about Mt. Gox is that the Japan-based exchange in 2011 controlled most of the BTC trading volume, approximately three-quarters of it by average estimates — more if you ask Tomaino. Since bitcoin fever caught on in 2017, there are more than 500 cryptocurrency exchanges on which trading volume is shared. Binance boasts the highest trading volume and captures nearly 15% of bitcoin trading. It’s much less than Mt. Gox days but still a little high.

The other thing to note is that the Mt. Gox hack or actually hacks, as there were multiple attacks on the exchange over several years, was a mysterious event that was shrouded in controversy and mistrust of a key executive. Bithumb, on the other hand, confronted the hack seemingly right away on Twitter and has not let any grass grow under its feet in the interim, which is a key difference in the way Mt. Gox was handled.

Also, the bitcoin price didn’t tank in response to the Bithumb hack. It traded lower for a while, but less than 24 hours it was back in the green, which is a reflection of the fact that bitcoin trading is no longer dependent on a single exchange.

Charlie Lee, creator of Litecoin (LTC), the No. 6 cryptocurrency by market cap, was among the first to respond to the Bithumb hack. He tweeted:

Indeed, Bithumb does expect to be able to cover the losses via their reserves.

Crypto Security

It’s still early on in Bithumb’s security breach, and more details are sure to emerge in time. In the meantime, it’s a good idea to use the hack as an opportunity to examine the security of your cryptocurrency investment portfolio. There are several hardware wallet options out there for you to choose from — whether it’s Trezor or Ledger Nano S, to name a couple — and as Charlie Lee advised, “only keep on exchange coins that you are actively trading.”

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 62 rated postsGerelyn has been covering ICOs and the cryptocurrency market since mid-2017. She's also reported on fintech more broadly in addition to asset management, having previously specialized in institutional investing. She owns some BTC and ETH.




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Bithumb Hack Prompts South Korea to Hasten Cryptocurrency Regulation

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South Korea’s second-largest cryptocurrency exchange suffered a security breach on Wednesday, prompting local authorities to hasten their adoption of stricter regulations.

Bithumb Hack

Bithumb confirmed Wednesday that cyber criminals “seized” 35 billion won ($31.6 million) worth of digital cash in an apparent attack targeting user accounts. The exchange halted deposits at approximately 00:53 UTC and began a wholesale transfer of funds to cold storage to prevent further theft.

“We checked that some of cryptocurrencies valued about $30,000,000 was stolen,” Bithumb tweeted Wednesday. “Those stolen cryptocurrencies will be covered from Bithumb and all of assets are being transferring to cold wallet.”

The exchange has confirmed that it will fully compensate affected users.

An earlier update on Bithumb’s Twitter account reveals that a security upgrade was being carried out last week where it transferred to a cold wallet for safe storage. However, it is unclear whether the upgrade is linked to the theft.

In terms of trade volume, Bithumb is the world’s sixth-largest cryptocurrency exchange. The platform processed more than $355 million worth of digital currency transactions in the last 24 hours, according to data provided by CoinMarketCap.

Bithumb is the second South Korean exchange this month to have been hacked. Less than two weeks ago, more than $37 million was compromised in a coordinated attack on Coinrail. The attackers went after the exchange’s coins and lesser-known ERC-20 tokens.

South Korea to Boost Regulation

South Korea’s financial regulators have announced plans to implement stricter guidelines for virtual exchanges, and to do so more expeditiously than previously planned. The announcement, which came on the heels of the Bitthumb attack, follows months of deliberation about whether to regulate cryptocurrency exchanges like banks and other financial institutions.

As CCN notes, cryptocurrency exchanges are presently regulated as “communication vendors,” which means virtually anyone can launch an online trading platform. This designation prevents direct oversight of digital currency exchanges by financial regulators.

New crypto regulations are expected to be rolled out in the coming months, which will put South Korea’s financial authorities on par with their counterparts in the United States and Japan. In those countries, cryptocurrency exchanges must comply with laws pertaining to security and consumer protection.

Park Yong-kin, a committee member of the National Assembly, has championed stricter regulations since last year. According to local media, his views are now being echoed by other government officials.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 612 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.




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