You’ve heard about Bitcoin, right? How couldn’t you, it’s the most famous cryptocurrency, and its wild ride from $2000 to $20,000, and now back to $8000 or so in the span of months is a boon for trigger-happy speculators investors.
One of the most common, and irritating, cyberattacks — the distributed-denial-of-service (or DDoS) — now has the potential to come with a twist of cryptocurrency mining.
Security researchers with the internet services company Akamai have noticed something unusual as they’ve responded to a spate of recent DDoS attacks. Buried beneath the traffic deluge designed to grind a target’s web traffic to a halt are ransom notes.
“It’s actually like a DDoS attack with a phishing attack with an extortion attack all rolled into one,” said Chad Seaman, a senior engineer with Akamai’s security intelligence response team, in an interview with Fortune. “When we saw it we were like, huh, clever bastards.” Read more…
SIKURity is a priority
The recent surge in Bitcoin to nearly $20,000, and the subsequent fall to $7,500 has people thinking for the first time that some of these currencies are really worth money. A man in Washington by the name of Carlos Tapang allegedly had $20,000 worth of OmiseGo tokens and BitConnect coins stolen by hackers. The thieves got into the crypto-wallets that were stored on the handset that he originally used on the T-Mobile network. Mr. Tapang is suing the carrier, seeking a jury trial and accusing T-Mobile of violating the Federal Communications Act, breach of contract, negligence, and breaking Washington’s …
You may know Kik as the WhatsApp alternative cool kids use to sext each other, but its executives seem to want to turn it into something a bit different. Once accused of being a clone of BlackBerry’s BBM, Kik now seems to be turning its gaze eastward, where messaging services, such as Chinese giant Tencent’s QQ and WeChat have a variety of other uses, including peer-to-peer payments.