Social Engineering Result In Theft of Bitcoin worth $64 Million

bitcoin

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.

Biometric Authentication for ATM Transaction Nation wide

atm cards

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.

Internet fraud more prevalent in the south west Nigeria

DSS

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.

Ahead of $1Billion IPO, Interswitch name Kenneth Olisa as New Chair

KenOlisa

Interswitch a leading integrated payment and switching company with offices in Lagos, Nigeria and other part of Africa has named Kenneth Olisa as its new Chairman.

Olisa’s appointment followed investment by TA Associates in Interswitch in March, the management business expansion drive, and plan for $1Billion IPO scheduled 2018.

Olisa brings on board the wealth of experience as a British Business man with a career in technology spanning over 40 years.

400 Apps Plagued with Trojans on Google Play Store…

In the wake of Wannacry Ransomware that infected 50,000+ systems globally, it is becoming important users take extra caution of app download particularly for Android users.

In a recent, massive incident, more than 400 apps on Google Play (and nearly 3,000 in other app stores) turned out to be plagued with the DressCode Trojan.

Read more: https://blog.kaspersky.com/dresscode-android-trojan/13219/

SpyEye Banking Trojan Developer pleads guilty

Aleksandr Andreevich Panin

Source: thehackersnews
A Russian man has pleaded guilty to conspiracy charges in a federal court in Atlanta on Tuesday for developing and distributing a malicious banking malware ‘SpyEye’ that infected more than 1.4 million computers worldwide since 2009. Aleksandr Andreevich Panin, a 24 year old programmer…

Read more: 24-year-old Russian Hacker and Developer of SpyEye Banking Trojan pleads guilty.

Malware Result in Theft Of Millions Credit Card Numbers

RAM Scraping Malware was an integral part of a number of recent prominent data breaches that resulted in the theft of many tens of millions of credit card numbers. This type of malware typically installs itself into Point of Sale (PoS) terminals and steals data directly from it. Examples of such malware include Dexter, Alina, BlackPoS, and Kaptoxa.
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