SSL and internet security news

cryptocurrency

Auto Added by WPeMatico

Water Utility Infected by Cryptocurrency Mining Software

A water utility in Europe has been infected by cryptocurrency mining software. This is a relatively new attack: hackers compromise computers and force them to mine cryptocurrency for them. This is the first time I’ve seen it infect SCADA systems, though.

It seems that this mining software is benign, and doesn’t affect the performance of the hacked computer. (A smart virus doesn’t kill its host.) But that’s not going to always be the case.

Powered by WPeMatico

New Malware Hijacks Cryptocurrency Mining

This is a clever attack.

After gaining control of the coin-mining software, the malware replaces the wallet address the computer owner uses to collect newly minted currency with an address controlled by the attacker. From then on, the attacker receives all coins generated, and owners are none the wiser unless they take time to manually inspect their software configuration.

So far it hasn’t been very profitable, but it — or some later version — eventually will be.

Powered by WPeMatico

“Crypto” Is Being Redefined as Cryptocurrencies

I agree with Lorenzo Franceschi-Bicchierai, “Cryptocurrencies aren’t ‘crypto’“:

Lately on the internet, people in the world of Bitcoin and other digital currencies are starting to use the word “crypto” as a catch-all term for the lightly regulated and burgeoning world of digital currencies in general, or for the word “cryptocurrency” — which probably shouldn’t even be called “currency,” by the way.

[…]

To be clear, I’m not the only one who is mad about this. Bitcoin and other technologies indeed do use cryptography: all cryptocurrency transactions are secured by a “public key” known to all and a “private key” known only to one party¬≠ — this is the basis for a swath of cryptographic approaches (known as public key, or asymmetric cryptography) like PGP. But cryptographers say that’s not really their defining trait.

“Most cryptocurrency barely has anything to do with serious cryptography,” Matthew Green, a renowned computer scientist who studies cryptography, told me via email. “Aside from the trivial use of digital signatures and hash functions, it’s a stupid name.”

It is a stupid name.

Powered by WPeMatico

Ethereum Hacks

The press is reporting a $32M theft of the cryptocurrency Ethereum. Like all such thefts, they’re not a result of a cryptographic failure in the currencies, but instead a software vulnerability in the software surrounding the currency — in this case, digital wallets.

This is the second Ethereum hack this week. The first tricked people in sending their Ethereum to another address.

This is my concern about digital cash. The cryptography can be bulletproof, but the computer security will always be an issue.

Powered by WPeMatico