Market source has disclosed that $63.92m worth of Bitcoin has been stolen from the NiceHash, a cryptocurrency marketplace based in Slovenia.
Explaining the incident on its official website, the company stated “our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen. We are working to verify the precise number of BTC taken”. Sources has however gathered from NiceHash’s Head of Marketing Andrej P Škraba, the hack was “a highly professional attack with sophisticated social engineering”.
Bitcoin value has soared over the last couple of weeks making cryptocurrency market, viable target for Hackers.
“While the full scope of what happened is not yet known, we recommend, as a precaution, that you change your online passwords,” NiceHash has warned his platform users.
The Central Bank of Nigeria has disclosed Biometric authentication will soon be introduced as authentication for Automatic Teller Machine (ATM) transaction across Nigeria.
Making a presentation at a National retreat held in south west Nigeria, the Director in Charge of Banking Payment Systems, CBN Mr. Dipo Fatokun, disclosed Biometric authentication will help in the fight against electronic fraud.
The move towards Biometric authentication on ATM nationwide will be facilitated by the Bank Verification Number (BVN) which has biometric information of Millions of Nigeria already stored.
The Deputy-Director of Department of State Service (DSS) Mr. Yekini Ishola has warned Internet fraud in Nigeria is more prevalent in the south west, especially Lagos, Ogun and Oyo.
Mr.Yekini Ishola made this disclosure while presenting a paper on cybercrimes and the way out at a two-day annual security seminar organised by the Security Department of Nnamdi Azikiwe University Awka.
Decrying the spate of cybercrime among Nigerian youth, particularly in the Tertiary Institutions, the DSS Chief subsequently submitted that Ladoke Akinola University is presently considered has having the highest concentration of cyber criminals.
Cybercrimes are not committed by an individual, but by a network of criminals. Mr. Yekini reiterated. He later warned that activities perpetrated by these syndicates include using identity theft, hacking, malicious software and other fraudulent methods to gain access into personal information and account details of unsuspecting owners.
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A report, which was sponsored by Internet security and software firm McAfee, is one of the first reports of its kind that was done to quantify the monetary costs of activities such as cybercrime and cyberespionage. The astounding figure derived from the estimate, issued by the Center for Strategic and International Studies, is much lower than the $1 trillion that was cited by the White House, but still elevates illegal cyber activities to the same levels as drug trafficking and is more than likely to attract criminal elements.
Read more at http://guardianlv.com/2014/06/cybercrime-estimated-to-cost-more-than-455-billion-annually/#2bCi91BqaO2KjqUg.99
Ninety Six (96) page research paper.
Input provided by 11 Nigerian Banks (Inducing Central Bank of Nigeria), NITDA, and EFCC; document endorsed by Nigerian Inter-Bank Settlement System (NIBSS), and sponsored by British High Commission in Nigeria.
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