Harmony’s Horizon Bridge facilitates transfer between Harmony and the Ethereum network, Binance Chain and Bitcoin. The Lazarus hacking group exploited a system weakness on the multichain network, thus siphoning about $100 million.
The FBI in their report stated that they have helped victims by offering them decryption keys and thwarted ransom demands of $130 million in crypto.
The wallet linked to receiving money from the scam was hosted on the Binance exchange. According to a Binance Smart Chain scan shared by internet sleuth ZackXBT, the hackers were able to make off with 26.95 BNB tokens, which is about $8,200.
PayPal sent notifications to all the affected accounts asking them to change their passwords. PayPal said that there had been no breach in their systems.
The full scale of the impact on T-Mobile’s business is not yet clear. Besides, the company is unable to predict how the incident might change its customers’ behaviour.
Embattled crypto exchange FTX fingered a $415 million hack from November as part of assets recovered to pay off creditors.
Harmony hack perpetrators Lazarus Group recently moved $63.5 million in ETH, with Binance and Huobi recovering $2.5 million.
Alex, in their series of tweets, claims to have made a crucial mistake that enabled attackers to use their wallet.
As the team behind Nomad Bridge works on relaunching the platform, a fresh movement of 1200 ETH has been noticed from one of the wallet addresses linked to the hack.
Despite 2022 being the worst year for crypto attacks, December’s spate came in at the lowest, rendering it the least harmful month last year.
Cybersecurity News
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Cybersecurity involves the protection of confidential data on web linked systems vulnerabilities and cyber theft. Internet-driven businesses employ the use of cybersecurity tools to avoid unauthorized access to their computer and data centers.
Cybercrime remains one of the major threats to businesses and internet investors in the tech space. Every day, we get stories on events of online theft, and going by the predictions of tech experts, the rate of global cybercrimes is expected to get worse in the coming years if drastic measures are not put in place.
Tech giants such as IBM, Amazon, Microsoft, Cisco, etc. have invested billions in Cyber Security with the hope of minimizing the rate of cyber-crimes across the globe.
The spread of malicious attacks and internet fraud continues to increase yearly, leaving a ruin of lives and assets in its wake. Luckily, the world has firms such as the ones listed above to fight for it, as the government can only do so much. Therefore, with these cybersecurity companies in existence, one can only hope that the war on cybercrime is won.
The battle to put an end to cybercrimes has been on for some time, and no matter how things may seem today, it would have been worse if not the help of certain cyber security firms.
According to export reports, over $3 trillion was lost worldwide to cybercriminals in 2015 alone, and if no solution is put in place to curb the rate, the stakeholders could be losing up to $6 trillion by 2021.
Cybersecurity news today brings you closer to the tech world by offering cutting edge updates on events relating to cybercrimes and theft.