Information Security Media Group asked some of the industry's leading cybersecurity experts about the trends to watch in 2023. Responses covered a variety of emerging threats and evolving trends affecting security technologies, leadership and regulation. Here is a look at the year ahead.
North Korean attackers are using phishing websites to impersonate popular NFT platforms and DeFi marketplaces to steal digital assets worth hundreds of thousands of dollars. They set up nearly 500 decoy sites, including one of a project associated with the World Cup and NFT marketplace OpenSea.
A salute to the career of Johnson & Johnson CISO Marene Allison leads this week's Information Security Media Group Editors' Panel, which also reviews essentials for implementing a zero trust strategy and the use of banking standards to regulate blockchain-based digital assets.
As the U.S. government's probe of bankrupted cryptocurrency exchange FTX continues, two executives have pleaded guilty to multiple charges, while founder Sam Bankman-Fried waived his extradition rights in the Bahamas and was transferred by the FBI to New York, where he appeared before a judge.
Karl Sebastian Greenwood, a dual citizen of Sweden and the United Kingdom, pleaded guilty in U.S. federal court to his role in selling the purported multibillion-dollar cryptocurrency pyramid OneCoin that netted $4 billion. He now faces sentencing.
The founder of bankrupt cryptocurrency exchange FTX, Sam Bankman-Fried, has been arrested by police in the Bahamas, the day before he was due to remotely testify before Congress. Bahamian officials say he faces a "likely" extradition request from the U.S., which has filed charges against him.
A British judge ordered cryptocurrency trading platforms to divulge the identities of account holders accused of holding funds stolen from an English digital assets exchange. A change in civil procedure makes it easier for English judges to subpoena foreign entities in cases of financial fraud.
The latest edition of the ISMG Security Report discusses how the profits of ransomware group Zeppelin have been smashed by security researchers, FTX again highlighting the risks of trading cryptocurrencies, and vendor Extrahop's newly appointed, high-profile president.
Bankrupt cryptocurrency exchange platform FTX says unsanctioned actors made off with customers' digital assets, causing a scramble to secure digital wallets. Estimates of the amount of stolen money are in the hundreds of millions. FTX filed for bankruptcy Friday after entering a liquidity crunch.
Decentralized finance exchange Mango Markets is set to pay $47 million as a bug bounty to the hacker who stole $117 million in digital assets on Wednesday, after 96% of the governance voted in favor of the deal. Mango Markets is a trading platform riding on the Solana blockchain.
A hacker who stole cryptocurrency says he should walk away with the majority of his loot and put that plan up for a vote to the people from who he stole, using votes tied to the stolen cryptocurrency to vote yes. "Seriously though, wtf is wrong with our industry?" tweeted a web3 consultant.
Crypto exchange Binance restored operations on its BSC Token Hub smart contract early Friday, hours after a $568.6 million hack. It upgraded the vulnerable contract in a new version and shared plans for potential measures to address this incident and increase security measures.
Crypto exchange Binance paused its smart contract platform Binance Smart Chain after a hacker exploited an internal verification vulnerability to steal cryptocurrency from its cross-chain bridge. Binance has acknowledged a theft of at least $100 million; PeckShield says hackers stole $586 million.
A cryptocurrency thief is hacking into other scammers' fraudulent liquidity mining websites to reach directly into the digital wallets of victims. The threat actor, dubbed "Water Labbu" by Trend Micro, has so far filched 316,728 USDT and infected 45 fraudulent decentralized applications.
A hacker exploited a smart contract bug to steal about $29 million from DEX aggregator Transit Finance. Within hours of the theft, the attacker returned nearly $19 million - but not before keeping a $2 million "bug bounty" and losing $1.1 million to a bot theft.