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Coinbase hangover rattles crypto assets with bitcoin in free fall, Telecom News, ET Telecom

April 18, 2021/in Mobile Security

By Shamim Adam and Emily Barrett

The mania that drove crypto assets to records as Coinbase Global Inc. went public last week turned on itself on the weekend, sending Bitcoin tumbling the most since February.

The world’s biggest cryptocurrency plunged as much as 15% on Sunday, just days after reaching a record of $64,869. It subsequently pared some of the losses and was trading at about $56,440 at around 8:25 a.m. in Tokyo Monday.

Ether, the second-biggest token, dropped as much as 18% to below $2,000 before also paring losses. The volatility buffeted Binance Coin, XRP and Cardano too. Dogecoin — the token started as a joke — bucked the trend and is up 7% over 24 hours, according to CoinGecko.

The weekend carnage came after a heady period for the industry that saw the value of all coins surge past $2.25 trillion amid a frenzy of demand for all things crypto in the runup to Coinbase’s direct listing on Wednesday. The largest U.S. crypto exchange ended the week valued at $68 billion, more than the owner of the New York Stock Exchange.

“With hindsight it was inevitable,” Galaxy Digital founder Michael Novogratz said in a tweet Sunday. “Markets got too excited around $Coin direct listing. Basis blowing out, coins like $BSV, $XRP and $DOGE pumping. All were signs that the market got too one way.”
Coinbase hangover rattles crypto assets with bitcoin in free fall Dogecoin, which has limited use and no fundamentals, rallied last week to be worth about $50 billion at one point before stumbling Saturday. Demand was so brisk for the token that investors trying to trade it on Robinhood crashed the site a few times Friday, the online exchange said in a blog post.

There was also speculation Sunday in several online reports that the crypto plunge was related to concerns the U.S. Treasury may crack down on money laundering carried out through digital assets. The Treasury declined to comment, and its Financial Crimes Enforcement Network (FinCEN) said in an emailed response on Sunday that it “does not comment on potential investigations, including on whether or not one exists.”

‘Price to Pay’
“The crypto world is waking up with a bit of a sore head today,” said Antoni Trenchev, co-founder of crypto lender Nexo. “Dogecoin’s 100% Friday rally…

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These are the people most likely to fall victim to a phishing attack

February 9, 2021/in Computer Security

As cybercriminals leveraged the pandemic to send out 18m daily malware and phishing emails at its peak, Google was busy trying to protect Gmail users from cyber threats over the course of last year.

In an effort to better understand why some users are more heavily targeted by phishing emails and malware, the search giant teamed up with researchers at Stanford University to study over a billion malicious emails and their intended targets.

By aggregating and analyzing all of the malicious campaigns blocked by Gmail over a five-month period, Google found that users in the US were the most popular targets (42%), followed by the Untied Kingdom (10%) and Japan (5%). The study also revealed that most cybercriminals don’t localize their efforts and instead use the same English email templates for users in multiple countries.

At the same time, Google and Stanford University found that the attackers and botnets distributing phishing and malware emails rely on fast campaigns that last from just one day to three days on average. In a single week, these small-scale campaigns accounted for over 100m phishing and malware emails in aggregate which targeted Gmail users worldwide.

Heightened risk

In addition to analyzing how the cybercriminals behind phishing and malware campaigns operate, Google also analyzed what factors put a user at higher risk of an attack.

To do this, the company created a model that used an anonymization technique called “k-anonymity” to ensure any risk trends identified applied to a broad group of similar users. The likelihood of receiving a phishing or malware email in a given week was modeled as a function of geographic location, demographics, security posture, device access and prior security incidents.

The model found that users whose emails or personal details were exposed in a previous third-party data breach were five times more likely to be targeted by phishing or malware. Where you live also affects risk though and Australian users were two times more likely to be targeted when compared to users in the US despite the fact that the US is the most popular target by volume and not per capita. Age plays a role as well and users between 55 and 64 are 1.64 times more…

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Four Days to the Election— Don’t Fall for These Phishing Scams

October 31, 2020/in Mobile Security

With the Presidential election just a few days away, bad actors are ramping up their efforts to lure in victims with phishing attacks designed to harvest credentials and personal information that could lead to the next large-scale breach. The threat is so prevalent that the Better Business Bureau, the Identity Theft Resource Center and the National Association of State Election Directors have all issued warnings to the general public.

Election-related phishing attacks can surface across channels in various formats, and the unsuspecting user can be caught off-guard. Phishing is the number one cause of breaches, and all the major breaches in 2020 started with phishing. Successful phishing attacks start with a compelling message, and elections are great for cybercriminals because the message is targeted to elicit an emotional response to prompt action. Here are a few examples:

Surveys and polls:Bad actors may send an email or post an ad on a social channel asking voters to take a survey or participate in a poll. This is a good way to collect personally identifiable information (PII) such as social security numbers. Emails requesting that you confirm your status as a registered voter to take a poll are particularly suspect.
Petitions:It’s common to be passionate about political issues and have a desire to initiate change. Fraudsters play on this natural instinct and send bogus petition requests, asking you to offer up personal information.
Donation requests:Like petitions, online requests for money to support an important cause or specific candidate can be fraudulent. Fraudsters may pose as campaign volunteers and ask for credit card numbers and other personal information to complete the donation. They may even impersonate candidates using pre-recorded audio to lure you in. (Screen 1)
Registration scams: In the U.S., it is not possible to vote by phone, email, or text — but that doesn’t stop scammers from trying to convince you it isn’t. (Screen 2)

Malicious Election Fundraising

Facebook voting fraud

These are just some ways bad actors phish for PII, perpetrate credit card or money transfer scams. Today’s phishing doesn’t just happen over email, but numerous channels — SMS, messaging apps, social platforms, search…

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Fond Of Adult Websites? You May Fall Prey To Cybercriminals – Dazeinfo

September 14, 2020/in Internet Security

Fond Of Adult Websites? You May Fall Prey To Cybercriminals Dazeinfo
“exploit kit” – read more

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