CyberSecurity news
FlagThis - #lastpass
|
Thomas Brewster,@Thomas Fox-Brewster
//
Bybit, a cryptocurrency exchange, suffered a massive loss of $1.5 billion due to North Korean hackers, marking a record-breaking heist. Investigations revealed the breach stemmed from a compromised account on a free digital storage service, highlighting the vulnerabilities even established crypto platforms face. Law enforcement agencies are now engaged in a cat-and-mouse game to recover the stolen cryptocurrency before it is converted into untraceable currency.
This incident underscores the growing threat of sophisticated cyberattacks targeting the cryptocurrency sector. North Korean hackers, specifically the Lazarus Group, are believed to be responsible for the attack. Concerns remain about the security measures implemented by cryptocurrency exchanges and the need for stronger protocols to safeguard user funds from these types of breaches.
Share:
References :
Classification:
Thomas Brewster,@Thomas Fox-Brewster
//
Federal agents have linked a $150 million cryptocurrency heist to the 2022 LastPass data breach. U.S. authorities have seized over $23 million in cryptocurrency related to the January 2024 theft from a Ripple crypto wallet, with investigators believing hackers who breached LastPass in 2022 were responsible. These findings align with those published by KrebsOnSecurity in September 2023, which highlighted a series of six-figure cyberheists resulting from cracked master passwords stolen from LastPass.
The U.S. Secret Service and FBI investigations support the conclusion that the same attackers behind the LastPass breach used a stolen password from the victim's online password manager to access their cryptocurrency wallet. The stolen XRP, initially valued at $150 million, is now worth $716 million. The Secret Service continues to trace the funds through various exchanges, noting that the scale and rapid dissipation of funds required multiple malicious actors, consistent with the online password manager breaches and attacks on other victims.
Share:
References :
Classification:
Thomas Brewster,@Thomas Fox-Brewster
//
Federal investigators have linked the 2022 LastPass data breach to a $150 million cryptocurrency theft from a Ripple XRP wallet in January 2024. Authorities believe the hackers exploited stolen master passwords to gain unauthorized access to the wallet. The stolen XRP, initially valued at $150 million, is now worth an estimated $716 million due to fluctuations in the cryptocurrency market.
U.S. law enforcement has seized over $23 million in cryptocurrency connected to the theft. The U.S. Secret Service and FBI are actively investigating the case and working to recover the remaining stolen funds. Security researchers had previously identified a pattern of similar crypto heists linked to the LastPass breach, suggesting a broader impact of the password manager vulnerability. The incident highlights the significant risks associated with compromised password management systems.
Share:
References :
Classification:
|