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Cybercriminals Hold $115,000 Prize Contest to Find New Cryptocurrency Hacks


Cybercriminals Hold $115,000 Prize Contest to Find New Cryptocurrency Hacks
Jun 3, 2021 07:45 GMT  
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   Crypto Theft
Last month, a popular Russian-language underground forum sponsored a contest that invited its users to submit illegal techniques for conducting Bitcoin attacks, according to The Hacker News.  
In an announcement made on April 20, 2021, the forum s administrator invited members to submit papers evaluating the possibility of targeting cryptocurrency-related technology, including the theft of private keys and wallets and unusual cryptocurrency mining software, smart contracts, and non-fungible tokens (NFTs).
The best research will receive a prize of $115,000, whereas in the event is expected to run through September 1.
According to Michael DeBolt, Intel 471 s Senior Vice President of Global Intelligence, top candidates include issues such as creating a fake blockchain website capable of capturing sensitive ....

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CYBERSECURITY: 3 takeaways from the Colonial pipeline hack


Published: Monday, May 17, 2021
Colonial pipeline tanks, President Biden, Transportation Security Administration badge. Credits: Drew Angerer/Getty Images (Colonial pipeline tanks); T.J. Kirkpatrick-Pool/Getty Images (Biden); Joe Raedle/Getty Images (badge)
A cyberattack on the Colonial pipeline last week is raising numerous questions about whether the Biden administration and industry are protecting the nation s energy infrastructure. Drew Angerer/Getty Images (Colonial pipeline tanks); T.J. Kirkpatrick-Pool/Getty Images (Biden); Joe Raedle/Getty Images (badge)
For years, cybersecurity experts, intelligence officials and lawmakers have warned about the high-stakes threat of a ransomware attack on U.S. critical infrastructure.
But it wasn t until this month s ransomware attack against Colonial Pipeline Co. that the real-world impact became tangible. The cyberattack by the DarkSide ransomware gang forced the Georgia-based company to shut down its entire 5,500-mile p ....

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