phishing attack
Nifty News: Price drops on ‘Cryptohouse’ with NFT decor, mint your personality as an NFT and more
Waning interest in a North Hollywood crypto-themed home A crypto-friendly house in North Hollywood, Los Angeles, is seemingly struggling to sell, as the property has seen its price reduce three times in a little over four months. The so-called “Cryptohouse,” as stated on the glowing neon sign in its kitchen, was listed for sale at $1.2 million in October 2022. As of Jan. 5, its asking price is now $949,000. The impressive custom neon sign never lets you forget just where you are. Image: Zillow The four-bed, three-bath home sees the listing agents boasting in the property description of its spacious and flowing floor plan ideal for “savvy investors.” For unknown reasons, the description doesn’t mention its tasteful wallpaper choices, which include multiple nonfungible tokens (NFTs) f...
FTX to give a ‘one-time’ $6M compensation to phishing victims
Cryptocurrency exchange FTX will provide around $6 million in compensation to victims of a phishing scam that allowed hackers to conduct unauthorized trades on certain FTX users’ accounts. FTX founder and CEO Sam Bankman-Fried posted in a Twitter thread on Oct. 23 that the exchange generally doesn’t award compensation to its users “phished by fake versions of other companies in the space” but in this case, it would compensate users. Bankman-Fried said that this was a “one-time thing” and FTX would “not do this going forward.” “THIS IS NOT A PRECEDENT,” he wrote, clarifying it was only the accounts of FTX users that would be reimbursed. 14) But this once, we’ll do it; roughly $6m total. (To be clear, only for FTX accounts! Hopefully other exchanges will comp theirs.) BUT AGAIN N...
The Current & Future State of Smart OT Security
Image sourced from Pixabay It’s no surprise that security and network professionals working in operational technology (OT) environments are eager to take advantage of the emerging capabilities of digital transformation. Adopting modern technologies like cloud computing, machine automation, and the Internet of Things (IoT) across the industrial sector offers many potential benefits, ranging from streamlined processes that contribute to increased staff productivity to decreased plant downtime. However, a new report published by Smart Industry and sponsored by Fortinet explores the challenges these decision makers face when balancing the acceleration of their digital transformation efforts with the creation and maintenance of a strong security program. The report...
MetaMask warns Apple users over iCloud phishing attacks
ConsenSys-owned crypto wallet provider MetaMask has sent out a warning to the community regarding Apple iCloud phishing attacks. The security issue for iPhone, Mac, and iPad users is related to default device settings which see a user’s seed phrase or “password-encrypted MetaMask vault” stored on the iCloud if the user has enabled automatic backups for their app data. In a Twitter thread posted on April 18, MetaMask noted that users run the risk of losing their funds if their Apple password “isn’t strong enough” and an attacker is able to phish their account credentials. To fix the issue, users can disable automatic iCloud backups for MetaMask as detailed: If you have enabled iCloud backup for app data, this will include your password-encrypted MetaMask vault. If your password isn’t s...
Rare Bears Discord phishing attack nabs $800K in NFTs
Recently launched NFT project, Rare Bears, was hit with an attack, after a hacker posted a phishing link in the project’s Discord channel, stealing nearly $800,000 in NFTs. Analysis from blockchain security firm Peckshield detailed that the attacker was able to steal 179 NFTs, including Rare Bears and other NFTs from various collections, including CloneX, Azuki, a “mfer” from artist sartoshi, and 6 LAND tokens used for The Sandbox metaverse. According to on-chain analysis, most of the NFTs were sold, netting the hacker 286 ETH, worth over $795,500, most of which was promptly put through Tornado Cash, a crypto mixer used to obfuscate the source of funds. A slate of similar phishing scams have occurred in recent months on Discord, suggesting some teams need to more carefully consider t...
When It Comes to Cybercrime Beware of Social Engineers
You would be forgiven for thinking that terms like phishing, vishing, whaling, and pharming all had something to do with either a water sport or a pharmaceutical company, but every one of these is a cybercrime attack. These attacks leverage social engineering techniques to hack personal accounts, infect devices with ransomware, gain access to organisations or steal information to be sold on to the highest underground bidders. As Anna Collard, SVP of content and evangelist at KnowBe4 Africa points out, it has become absolutely essential for people to be mindful of what they post on social media. Anna Collard, SVP of content and evangelist at KnowBe4 Africa. “The risk of identity theft has never been greater and according to a report by SAFPS, has increased by 337% in 2020,” she says. “When ...
South Africa Ranked as Most Targeted Country in Africa, Cybersecurity Research Shows
Sourced from IDG Connect Phishing is one of the oldest and most flexible types of social engineering attacks. It is used in many ways, and for different purposes, to lure unwary users to fake sites and trick them into entering personal information. The latter often includes financial credentials such as bank account passwords or payment card details, or login details for social media accounts. In the wrong hands, this opens doors to various malicious operations, such as money being stolen or corporate networks being compromised. This makes phishing a popular initial infection method. According to Kaspersky, phishing attacks are becoming increasingly more targeted. A number of new tricks have also been found – from HR dismissal emails to attacks disguised as delivery notifications. As a res...
There are 577 Malware Attacks in South Africa Every Hour, Research Shows
Sourced from Republic Title The 2019 KnowBe4 African Report found that the continent is increasingly vulnerable to cyber-attacks. The report highlighted how vulnerable users were when it came to recognising cyber-threats and managing their risk profiles. In 2020, Accenture released a report entitled ‘Insight into the Cyberthreat Landscape in South Africa’ that revealed that there are around 577 malware attacks every hour, many of them are unsuccessful, however. Cybercrime has turned towards Africa and is putting its people and organisations at risk. “With cybercrime shifting its attention towards emerging economies and with Africa’s internet penetration about to double to one billion internet users by 2022, the African continent has become an attractive target for cybercrime,” says Anna Co...
