Articles Posted in hackers

blockchain hacking In January of 2019, it was discovered that an online attacker had hacked Coinbase and processed over $1.1 million in what the cryptocurrency industry refers to as “double spends”. However, this is not the only incidence of blockchains being hacked since its increasing popularity on the market. In fact, since 2017 it is estimated that over $2 billion worth of cryptocurrency has been stolen by hackers. But, how have blockchains, which were once deemed as unhackable, become the latest source of fraudulent activity?

Two Documented Years of Hacking Activity

Since 2017, authorities have uncovered billions of dollars worth of stolen cryptocurrency due to online attackers. However, it is estimated that even more funds have been taken during this time. Two groups alone are suspected of profiting over $1 billion combined, but the extent of their reach, as well as others, is largely unknown. As the market for blockchain encryptions becomes larger and larger, it appears as though its vulnerability to hackers is also increasing. This could mean that the fraudulent activity associated with blockchain hacking is just beginning.

Mueller investigationOver 1,000 files of evidence gathered by Robert Mueller, special counsel, have been leaked online by Russian hackers using Twitter and a filesharing site as their platform. According to prosecutors, the leaked evidence was an attempt to discredit Mueller’s investigation into Moscow’s political interferences with the United States.

Promoting The Leak on Twitter

In October, a post appeared on the Twitter account of @HackingRedstone which read, “We’ve got access to the Special Counsel Mueller’s probe database as we hacked Russian server with info from the Russian troll case,” and “You can view all the files Mueller had about the IRA and Russian collusion. Enjoy the reading!” The post took users to a file sharing site where over 1,000 files of evidence had been uploaded. These files were identical to the files used by Mueller’s office, which were previously not made available to the public.

hackersThe Chinese company Huawei, a telecommunication giant, was put in the spotlight as the United States showed concerns over the possibility of Chinese spying through the use of their technology. Concerns grew larger back in early December of 2018 when Meng Wanzhou, daughter of founder Ren Zhengfei and current CFO of Huawei, was arrested by Canadian authorities at the request of the U.S. government due to suspicion of intellectual property theft and bypassing U.S. sanctions in Iran. Meng’s arrest and extradition to the U.S. were met with negative reactions and fervent denial of any crimes by the Chinese government as well as Huawei.

A press conference held Monday, January 28th, 2019, stated that Huawei did indeed make “concerted effort,” as stated by acting Attorney General Matthew Whitaker, to steal information involving Tappy, a phone-testing robot by T-Mobile. Whitaker and FBI Director Christopher Wray were joined by Department of Homeland (DHS) Secretary Kirstjen Nielsen, Commerce Secretary Wilbur Ross, and several U.S. attorneys for the announcement at DOJ headquarters. It was mentioned that Huawei instructed its employees to take photos of Tappy, and at one point even steal pieces of it for possible replication. These type of actions clearly go against the non-disclosure and confidentiality agreements with T-Mobile. The Justice Department is also accusing the company of offering bonuses to any employee able to deliver such information.

Reporters were told by Wray that “The charges unsealed today clearly allege that Huawei intentionally conspired to steal the intellectual property of an American company in an attempt to undermine the free and fair global marketplace,”

Equifax, one of the nation’s largest credit reporting company has revealed that 143 million Americans may have had their personal information hacked from the company’s website, exposing their social security numbers, credit cards, addresses, names and dates of birth to the fraudsters who stole the information. The 143 victims mean that nearly to thirds of the adult U.S. population have had their information stolen and are risk. Here is how to know whether your information has been hacked and what to do: Equifax created a website consumers can check if their data was breached, www.equifaxsecurity2017.com. The company says it will offer a free year of service from its subsidiary, TrustedID, which monitors credit reports. Experts have also suggested that if you have had your information stolen, you should sign up for services that go beyond typical credit freezing and alert services, such as LifelockEZ Shield and Identity Guard. Also, check your credit reports with Equifax and other credit reporting companies. Check you bank and credit card statements.

Jeffrey Newman represents whistleblowers.