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Attacks/Breaches

Bitcoin Thefts Surge, DDoS Hackers Take Millions

Cryptographic currency's massive rise in value leads to a corresponding increase in online heists by criminals seeking easy paydays.

(Source: zcopley)
(Source: zcopley)

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danielcawrey
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danielcawrey,
User Rank: Apprentice
11/27/2013 | 2:53:09 PM
Re: Virtual Highway Robbery
There are indeed too many outlaws out there. It isn't the bitcoin network in and of itself that is the problem, its bad people trying to steal money from ususpecting users.

Companies providing bitcoin services should not be so unsuspecting; they shold implictly undertstand the risks of getting involved in bitcoin-based businesses and understand that security should be of paramount importance. 
coalminds.com
50%
50%
coalminds.com,
User Rank: Apprentice
11/27/2013 | 2:17:31 PM
Re: Virtual Highway Robbery
"According to the complaint, Hunczak designed malware that infected about 14,000 computers that subscribed to the company's service, and which mined their PCs for bitcoins, which the perpetrators then sold for about $3,500. Under the terms of the state's $1 million settlement agreement, the company will pay a fine of $325,000, but the rest will be vacated, providing the company complies with a 10-year compliance program."

So breaking into someone's property 14,000 times just leads to a settlement? Shouldn't he be doing hard time the way he would be if he were a black person let's say... possessing a pound of marijuana?
WKash
50%
50%
WKash,
User Rank: Apprentice
11/27/2013 | 1:46:56 PM
Virtual Highway Robbery
Knowing..."That rise in value has driven hackers to attack online wallet services that store bitcoins," it's hard to get excited about jumping on the virtual currency wagon trail...too many outlaws out there.

 
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