Connect with us

Breaches

Russian Hackers Used Flash Vulnerability Against Foreign Governments

Published

on

Security firm FireEye recently published a blog post detailing the use of two zero-day vulnerabilities against foreign government targets. According to FireEye, the attackers are most likely a state-sponsored group from Russia. The security firm first detected a pattern of attacks on April 13th, 2015, shortly after news broke that Russian hackers had breached White House security. These new attacks took advantage of previously unknown vulnerabilities in Windows and (unsurprisingly) Adobe Flash Player.

// -- Discuss and ask questions in our community on Workplace.

Operation RussianDoll

Russian Hackers Used Flash Vulnerability Against Foreign Governments“Operation RussianDoll,” as it has been dubbed by FireEye, is a highly sophisticated and targeted attack. As long as the target is running Windows and has Adobe Flash Player installed, he or she simply needs to click on a malicious link. The link takes the victim to the attacker’s website where the Flash exploit is served. From there, the website can download and run malicious code on the victim’s computer.

FireEye has declined to offer specific details about the victim organizations, simply referring to the target as a “specific foreign government,” which may be the United States. The attacks are similar to those previously seen by FireEye’s recently-exposed APT 28, further suggesting U.S. targets.

// -- Become a yearly Platinum Member and save 69 USD. Click here to change your current membership -- //

Fortunately, Adobe released a patch for the Flash vulnerability last Tuesday, and Microsoft is working on a fix. However, this incident may serve as yet another reminder of Flash’s numerous security issues and why more and more websites are ditching Flash for HTML5.

“To protect yourself you need to be agile, adaptive and resilient. You can’t just sit back and protect yourself from the attack that happened last week. You need to be prepared for the attack that’s coming next week, which may use new techniques, exploits, technologies, approaches, etc.”

“Adaptive organizations will deal with this threat as a normal course of business, quickly identify any potential breaches, and respond in minutes (not days, or months), returning their organization back to a normal operating cadence. Sound like your organization? If it’s not you have some work to do.”

-FireEye

Images from 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.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

I've always been interested in the latest stuff in science and technology, and I'm currently a freshman undergraduate electrical engineering student at the University of Texas at Austin.




Feedback or Requests?

5 Comments

5 Comments

  1. Guest

    April 21, 2015 at 4:02 pm

    That’s nice… what about the hack you mentioned?

  2. Jim Brown

    April 21, 2015 at 5:00 pm

    This is nothing but propaganda.
    Do You really think all our top secret
    gov. computers have Flash installed on them?
    Come on, gimmy a break.
    Ask any IT guy who works for a large corporation,
    he’ll look at you like your crazy for even asking.

    The propaganda line here is that
    WE’RE BEING ATTACKED BY RUSSIA
    THIS MEANS WAR !!!
    As if the whole concept of one country trying to
    spy on another one is a brand-new development.

    It’s also an excuse that will be used to justify
    gov. control and censorship of the internet.

    You will see many more stories like this,
    with various subjects and scenarios so that
    there will be plenty of good reasons to go to war,
    and plenty of good reasons why it’s necessary
    for You to give-up more of your rights.

    The real story here is that Putin won’t “play-ball”
    with the big banksters.
    He’s actually trying to stop World War-III.

    He’s actually a straight-up good guy.
    The scum-bags who control the sock-puppet politicians

    in our gov. are the real enemy.
    .
    ………Jim
    .
    .
    .

    • SententiaeDeo

      April 21, 2015 at 5:53 pm

      Let us true hackers (not crackers) unite against Russophobia!

    • englishvinal

      June 28, 2015 at 3:02 pm

      I keep up with what is going on with Russia, China, BRICs … banking and the chasm that is rapidly widening between the decaying west.. and the vital growing east…
      The world is splitting in half, almost literally…
      ….. the old scheme of “one world order” under the iron fist of the Vatican, City of London, IMF, World Bank, NON-federal reserve, the Zionists enforced by the US military might… is what the “Five Eyes” nations and their adherents are about…. IS beginning to stink like a dead whale washed up on a lonely beach.

      It is just a matter of time, but the never ending LIES that come drizzling out of the press-ti-tute zombie western media just go on and on.

  3. englishvinal

    June 28, 2015 at 2:57 pm

    Unadulterated US govt. sponsored Bull-c**p~! Of COURSE its “China”… or of COURSE its Russia…
    is “it” every anybody else…
    Oh, I forgot it might be South Korea……………….

    Bah!

You must be logged in to post a comment Login

Leave a Reply

Breaches

Coincheck Hackers Launder 40% of Stolen NEM Funds, Experts Say

Published

on

The hackers behind Coincheck’s massive NEM heist have successfully offloaded 40% of the stolen funds, according to new research by Tokyo-based consultancy group L Plus. The successful money laundering campaign highlights the ongoing challenges authorities face in bringing cyber criminals to justice.

// -- Discuss and ask questions in our community on Workplace.

Hackers Launder NEM

Analysts at L Plus believe that roughly 200 million NEM tokens, worth $79 million, have already been laundered through the dark web. However, the hackers likely pocketed a much smaller amount amid ongoing efforts to blacklist the tokens.

Nikkei Asian Review reported Monday that Coincheck was targeted with “suspicious traffic” for weeks leading up to the Jan. 26 heist. Citing a person close to the investigation, Nikkei said the attackers hacked an employee email and stole a private key needed to transfer the NEM tokens to the desired accounts. L Plus indicated that the attacker must have repeatedly accessed the Coincheck server to obtain the private key.

When the hack took place, the stolen NEM tokens were worth more than $400 million. Today, they are worth less than half that amount. The identity of the attackers remains unknown to this day. However, authorities have speculated that North Korea may have been responsible for the attack.

// -- Become a yearly Platinum Member and save 69 USD. Click here to change your current membership -- //

Coincheck plans to resume operations this week following a government-mandated freeze on all trading activity.

Japan Boosts Oversight

The attack has prompted Japan’s financial regulators to step up their oversight efforts of the cryptocurrency market. Last week, regulators penalized seven exchanges after deeming their internal controls insufficient to deal with a cyber attack.

Japan’s Financial Services Agency (FSA) slapped two exchanges – FSHO and Bit Station – with month-long suspensions. The remaining five exchanges – Bicrements, Coincheck, GMO Coin, Mr. Exchange and Tech Bureau – were given business improvement orders.

The FSA began conducting on-site inspections in late January following the Coincheck attack. Regulators have uncovered several issues, including a lack of customer protection measures and insufficient anti-money laundering controls.

Japan remains one of the most welcoming jurisdictions for cryptocurrency trading, but repeated attacks may prompt regulators to reconsider their relatively lax approach. Digital currency exchanges in Japan and elsewhere face a growing threat from cyber criminals looking to capitalize on the rising value of digital assets.

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.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
2 votes, average: 5.00 out of 52 votes, average: 5.00 out of 52 votes, average: 5.00 out of 52 votes, average: 5.00 out of 52 votes, average: 5.00 out of 5 (2 votes, average: 5.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 415 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.




Feedback or Requests?

Continue Reading

Breaches

Skepticism Grows Over BitGrail’s Supposed $167 Million Hack

Published

on

A relatively unknown cryptocurrency exchange by the name of BitGrail has informed its users of a coordinated cyber attack targeting Nano (XRB) tokens. However, the incident does not appear to be holding up to scrutiny after the founder of the exchange made an odd request to the developers of Nano shortly after discovering the alleged theft.

// -- Discuss and ask questions in our community on Workplace.

BitGrail Exchange Allegedly Compromised

The Italian exchange issued a notice to its clients last week informing them that 17 million XRB tokens were compromised in a cyber attack. The XRB token, formerly known known as Raiblocks, is valued at $9.80 at the time of writing for a total market cap of $1.3 billion. That puts the total monetary loss of the supposed heist at nearly $167 million.

Parts of the notice have been translated into English from the original Italian by Tech Crunch, a media company dedicated to startups and technology news. According to the agency,  BitGrail has stated the following:

“… Internal checks revealed unauthorized transactions which led to a 17 million Nano shortfall, an amount forming part of the wallet managed by BitGrail… Today a charge about those fraudulent activities has been submitted to the competent authorities and now is under police investigation.”

// -- Become a yearly Platinum Member and save 69 USD. Click here to change your current membership -- //

The notice indicated that all transactions have been put on hold until authorities complete their investigation.

Very little is known about BitGrail, as it is not listed among the 183 exchanges whose volume is ranked by CoinMarketCap.

Suspicion Grows

Unlike other crypto heists, the circumstances surrounding the alleged BitGrail attack have been met with widespread suspicion. As David Z. Morris of Fortune rightly notes, this isn’t the first time BitGrail has suspended Nano withdrawals. The same thing happened in early January when the exchange halted not only Nano, but Lisk and CryptoForecast transactions as well.

The suspension was followed by an announcement that the exchange was taking measured steps to verify users and enforce anti-money laundering requirements. It was around this time that users became suspicious that BitGrail was going to cut and run with their tokens.

BitGrail founder Francesco Firano made an unusual request to the developers of Nano following the alleged attack: he asked them to fork their record, a move that would essentially restore the stolen funds.

Nano officially rejected the request on Friday, the day after Firano supposedly discovered the stolen coins. In a post that appeared on the Nano Medium page, the team said:

“We now have sufficient reason to believe that Firano has been misleading the Nano Core Team and the community regarding the solvency of the BitGrail exchange for a significant period of time.”

Last month, hackers made off with more than $400 million worth of NEM tokens stolen from Coincheck, a Japan-based cryptocurrency exchange. The coins have yet to be recovered and the perpetrators remain at large. In 2014, a cyber heist brought down Mt Gox, which was the world’s largest exchange.

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.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
1 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 5 (1 votes, average: 5.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 415 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.




Feedback or Requests?

Continue Reading

Breaches

Coincheck Hackers Are Trying to Sell Their Stolen NEM Coins

Published

on

hacker extortion bitcoin

The hackers behind the biggest crypto heist of all time are attempting to sell their stolen coins, according to an executive at the NEM Foundation. The revelations are the latest in a four-day saga that has authorities still struggling to identify perpetrators or locate the account in receipt of the stolen funds.

// -- Discuss and ask questions in our community on Workplace.

Hackers Try to Profit

Jeff McDonald, Vice President of the NEM Foundation, said Tuesday that his organization had traced stolen XEM coins to an unidentified address. It was here that the thief tried to unload the stolen funds onto six online exchanges for the purpose of selling them. McDonald said the exchanges have since been notified.

It was not immediately apparent how many of the stolen coins were spent or even the whereabouts of the account. A spokeswoman at the NEM Foundation later said the attacker sent the cryptocurrency to several random accounts in 100-token increments.

Last Friday, the attackers made off with more than $400 million worth of NEM tokens from Japanese cryptocurrency exchange Coincheck. The monetary value of the heist has fluctuated several times over the past four days, reflecting regular price moves in NEM’s native XEM token. However, Coincheck said it would reimburse account holders at a rate of 81 U.S. cents per token, which reflects the average price between Jan. 26 and 27.

// -- Become a yearly Platinum Member and save 69 USD. Click here to change your current membership -- //

Coincheck has been fined administrative penalties for failing to secure client funds. It was later revealed by the executive management team that the exchange failed to implement basic security features, such as multi-signature capability and cold storage. Rather, the XEM tokens were held in accounts connected to the internet.

Although the NEM Foundation is trying to prevent the liquidation of stolen funds, MacDonald said the attackers will likely get away with some of the money. However, the likelihood that they spend all of it is virtually zero given the market’s underlying liquidity constraints.

NEM Price Volatility

News of the heist on Friday triggered significant volatility in the price of XEM and the broader cryptocurrency market. Following a brief recovery, XEM has declined steadily over the past three days, with prices reaching new six-week lows on Tuesday. The coin touched a session low of 79 cents on volumes of more than $32 million. At press time, the coin was worth a little more than 80 cents.

Even with the decline, NEM held on to tenth spot in the global cryptocurrency rankings based on market cap. The coin’s overall value remains well north of $7 billion, according to CCN.

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.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
3 votes, average: 4.33 out of 53 votes, average: 4.33 out of 53 votes, average: 4.33 out of 53 votes, average: 4.33 out of 53 votes, average: 4.33 out of 5 (3 votes, average: 4.33 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 415 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.




Feedback or Requests?

Continue Reading

Recent Comments

Recent Posts

A part of CCN

Hacked.com is Neutral and Unbiased

Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

Trending