Hack news and trends

SEC Says ‘SIM Swap’ Attack Enabled Takeover of X Account 

January 22, 2024
Crypto Wallet Firm Ledger Reports Security Breach 
Cryptocurrency // December 14, 2023

Crypto wallet firm Ledger experienced a security breach on Thursday (Dec. 14) in which hackers managed to steal $484,000.  The hackers did so by inserting malicious code into Ledger’s widely used blockchain software, Connect Kit, CoinDesk reported Thursday.  “Ledger’s technology and security teams were alerted and a fix was...

Crypto Market Exactly Protocol Targeted in $12 Million Hack
Cryptocurrency // August 18, 2023

Crypto lender Exactly Protocol has suffered a hack, reportedly resulting in the loss of as much as $12 million. The decentralized credit market, which operates on the Optimism network, was targeted by a bridge exploit, CoinDesk reported Friday (Aug. 18), citing information from blockchain security firm De.Fi. The hacker utilized...

Couple Plead Guilty to Money Laundering After Bitfinex Hack
Cryptocurrency // August 03, 2023

A married couple from New York City have pleaded guilty to money laundering and conspiracy charges stemming from the hack and theft of 120,000 bitcoin from the global cryptocurrency exchange Bitfinex. The hack took place in 2016, and customers’ money was lost or stolen in...

Web3 Infrastructure Provider Ankr Vows to Restore Hacked $5M
Security & Fraud // December 02, 2022

Ankr has become the latest cryptocurrency-related firm to be hacked. The Web3 infrastructure provider tweeted Thursday (Dec. 1): “Our aBNB token has been exploited, and we are currently working with exchanges to immediately halt trading.” Our aBNB token has been exploited, and we are currently...

Interviews & Exclusives
2019: A Banner Year (And Bumper Data Crop) For Hackers

December 31, 2019
It’s the list no one likes to be on. It’s kind of like being on the “worst dressed list” except that we’re talking about stolen data and, probably, lots of lawsuits. Welcome, then, to the Top Data Breaches of 2019. The readings are pretty grim. At a high level, the numbers are staggering. Millions of […]

What QSRs Can Learn From The 7-Eleven Japan Hack

July 29, 2019
It’s pretty much a given these days that – more or less – a business is nothing without a robust mobile experience when it comes to commerce, payments and customer...

How ‘Dynamic Friction’ Could Be Online Fraud’s Kryptonite

February 12, 2019
Do you want to gain a step on fraudsters? Do you want to beat them while also making it as seamless as possible for legitimate consumers to buy from your...

Wells’ Woes, Stripe’s Acquisition And North Korea’s New Hacking Groove

July 31, 2017
Most of the drama this week was in Washington. The healthcare debate turned into something that was one aria short of a full-blown opera, and the entering communications director brought...

Quick Reads
SEC Says ‘SIM Swap’ Attack Enabled Takeover of X Account 

January 22, 2024
The Jan. 9 hack of the Securities and Exchange Commission’s (SEC) account on the social media platform X (formerly known as Twitter) was apparently the result of a “SIM swap” attack.  The regulator announced this finding in a Monday (Jan. 22) statement to the media, which was posted to a web page devoted to providing updates on the […]

Crypto Wallet Firm Ledger Reports Security Breach 

December 14, 2023
Crypto wallet firm Ledger experienced a security breach on Thursday (Dec. 14) in which hackers managed to steal $484,000.  The hackers did so by inserting malicious code into Ledger’s widely used blockchain...

Crypto Market Exactly Protocol Targeted in $12 Million Hack

August 18, 2023
Crypto lender Exactly Protocol has suffered a hack, reportedly resulting in the loss of as much as $12 million. The decentralized credit market, which operates on the Optimism network, was targeted by...

Couple Plead Guilty to Money Laundering After Bitfinex Hack

August 03, 2023
A married couple from New York City have pleaded guilty to money laundering and conspiracy charges stemming from the hack and theft of 120,000 bitcoin from the global cryptocurrency exchange...