Latest Headlines

Latest Headlines

FireEye founder believes Bitcoin technology could help secure global payments ecosystem

For all of the notable security incidents involving companies dealing with Bitcoin and its variations, the technology behind cryptocurrency has been intriguing enough for investors and developers to take note. The infrastructure behind Bitcoin is innovative and flexible enough to be applied to other applications, such as securing the global payments system, according to FireEye founder Ashar Aziz.

New phishing scam highlights vulnerabilities of Bitcoin

Another phishing scam that takes advantage of flaws associated with Bitcoin has been uncovered, according to cybersecurity company Proofpoint. The email scam has targeted over 400 organizations, including those in higher education, financial services, high tech, media and manufacturing.

Federal agency releases advice for safely investing in Bitcoin

The Consumer Financial Protection Bureau released a consumer advisory highlighting known scams and shortcomings of cryptocurrencies. The agency also announced it would begin accepting complaints pertaining to specific virtual currencies or companies that deal in them.

Virtual currency has real-world security implications, warns HP

In the latest HP Security Briefing, an expert from the company discusses Bitcoin and the real world security implications of cryptocurrency as a widely used mode of transaction.

New ransomware shrouds itself in Tor network

A new type of ransomware discovered in June is making it more difficult to track down perpetrators because they hide in the anonymity of the Tor network.

Proposed NY Bitcoin regulation to secure market draws criticism

Some financial agencies are moving past the critical and hesitant stage of dealing with Bitcoin into a more tolerant and regulatory phase. The idea is to make the Bitcoin market less susceptible to fraud and crashes, but enthusiasts fear that too much regulation will squash the cryptocurrency.

Mobile mining won't pay off for anyone

No matter how you look at it, mobile mining just doesn't add up, says Lookout, which noted in a blog post that "we just don't see a situation in which mobile miners can truly be profitable."

Scams that take over smartphones for cryptocurrency mining just not worth it

Scammers who take over smartphone processors can use them to mine for bitcoins, and they can generate a good amount of value too--if they commandeer more than 14 million devices. That's the number of Galaxy S3s needed to mine a single bitcoin in one day, according to a blog post from cybersecurity firm Lookout.

U.S. Marshals Service gaffe leads to Bitcoin phishing scam

A rather basic phishing scam, aided by a U.S. Marshals Service gaffe, scored around $60,000 worth of bitcoins from an investor. While the attack relied on social engineering, according to the Wall Street Journal, the transient nature of Bitcoin made the caper possible.

Bitcoin brings extortion to the digital age

Extortion, once the tool of neighborhood mobsters, has found its way to the digital realm. Some online scam artists are using the shroud of Bitcoin to exact tributes from innocent business owners across the country.