What should be in the mind of meaningful Bitcoin/crypto users is how to create a well decentralized community/system within the Bitcoin or a crypto network to quickly investigate and retrieve such crime money from hackers and hand them over to police. I think the community would work in collaboration with security agencies to do the investigation and retrieving. And their activities may be private but must be immutable and recorded somewhere on the network for future references.
By the way, nothing stops hackers from doing this with physical currencies or even via banks in lots of countries.
Topic: Hackers are at it again. Now attacking large corporations for more money. - page 2. (Read 694 times)
June 10, 2020, 10:22:01 AM
June 10, 2020, 09:12:32 AM
However, "since 2017 hackers have stolen around $2 billion in cryptocurrency."
Therefore, the blockchain technology is not unhackable.
This is fundamentally wrong.
This shows how much the author of the video really knows about cryptocurrencies. Whenever I tried to show more knowledge than I have, I failed miserably. The whole "X Bitcoins have been stolen" makes it look from the outsider perspective like someone could push a button and magically scrap the balance off your wallets without having much data about them.Therefore, the blockchain technology is not unhackable.
This is fundamentally wrong.
First, I don't have much to show as my knowledge is very limited, but at least I don't create videos about it to be posted on the internet.
Second, I guess it is very basic knowledge among Bitcoin followers that hacking Binance is not hacking Bitcoin in the same manner that hacking Bitfinex and Mt. Gox is not hacking Bitcoin. Neither does hacking your individual mobile or desktop wallet tantamount to hacking Bitcoin.
Third, it is also more or less basic knowledge that Bitcoin is not 100% hack-proof. There is that theoretical 51% attack. So it is next to impossible or very hard or difficult to attack Bitcoin but those descriptions are different from being unhackable.
June 10, 2020, 07:32:20 AM
Can this video be considered as a "full story"? There were no companies mentioned, there were no types of ransomware mentioned, there were no data given how the shift from public to private attacks happened. To be frank it's just like a promotion video fro cryptocurrency rather than anything else about private companies being attack by hackers. I've watched the video twice hoping to find some more detail about your piece but it doesn't give any, there were also no sources to be found in the video itself.
June 10, 2020, 07:13:18 AM
At the moment I have six sets of my videos and photos.
1 in my safety box
1 at my bro in law in a different state
3 at home
1 set of photos on imgur
1 set of videos on YouTube
That's seven! 1 in my safety box
1 at my bro in law in a different state
3 at home
1 set of photos on imgur
1 set of videos on YouTube
You're probably one of the very, very few who are splitting their personal data in different places. Most are either holding them on Google Photos/iCloud or keep them on a HDD/SDD they use on a daily basis. I keep my personal data on a few very well encrypted hard disks which are also hidden well in case my house burns down or someone steals part of them.However, "since 2017 hackers have stolen around $2 billion in cryptocurrency."
Therefore, the blockchain technology is not unhackable.
This is fundamentally wrong.
This shows how much the author of the video really knows about cryptocurrencies. Whenever I tried to show more knowledge than I have, I failed miserably. The whole "X Bitcoins have been stolen" makes it look from the outsider perspective like someone could push a button and magically scrap the balance off your wallets without having much data about them. Therefore, the blockchain technology is not unhackable.
This is fundamentally wrong.
June 09, 2020, 11:50:33 PM
Right, there's a lot of wrong information in this video in the first place. The OP might be the author of this video so this is just a clickbait in my opinion. Keeps on mentioning about blockchain technology being "hackable" which is very misleading. And then in the middle of the video, the pandemic was being discussed, Lol. Don't waste your time watching this video guys.
June 09, 2020, 11:07:12 PM
Watched only the first several seconds.
The video is quite misleading and is not helping people get educated about Bitcoin, cryptocurrency, and blockchain.
First, they say that the blockchain technology came out with a claim that it is unhackable.
However, "since 2017 hackers have stolen around $2 billion in cryptocurrency."
Therefore, the blockchain technology is not unhackable.
This is fundamentally wrong. The proof did not debunk the claim that blockchain is unhackable. Therefore, the conclusion is false. What was successfully hacked was not the blockchain itself. What was hacked were wallets and related files and data and so on, but not the blockchain itself.
The video is quite misleading and is not helping people get educated about Bitcoin, cryptocurrency, and blockchain.
First, they say that the blockchain technology came out with a claim that it is unhackable.
However, "since 2017 hackers have stolen around $2 billion in cryptocurrency."
Therefore, the blockchain technology is not unhackable.
This is fundamentally wrong. The proof did not debunk the claim that blockchain is unhackable. Therefore, the conclusion is false. What was successfully hacked was not the blockchain itself. What was hacked were wallets and related files and data and so on, but not the blockchain itself.
- The Bitcoin network, which is public, has never ever been hacked.
- Private blockchains used by large private corporations are not even decentralized and therefore should not be compared to Bitcoin's.
June 09, 2020, 10:18:37 PM
I think it's the other way around, hackers have been targeting large corporations because:
As compare to home based users, which they can get a cheap $30-$100 per ransom. And most of the time they're not paying for it. So it makes sense for a big hacking group to attack large corporations and companies. The bigger the target, the bigger the money they can get.
I wouldn't underestimate. There are many out there who'd give $100 or even $200 for their files to be decrypted, imagine having all the personal pictures & videos since you were a little kid on a HDD and suddenly falling victim to such hack. Besides all of that, if you're lucky enough as a hacker you could even be hired for achieving something only few (or nobody else) have been able to achieve. - They can ask for big ransom money
- Security is very lax to say the least
- They can get very sensitive information that they can use to leverage, sell it to dark market for thousands of dollars
- Companies are embarrassed and will likely to pay
As compare to home based users, which they can get a cheap $30-$100 per ransom. And most of the time they're not paying for it. So it makes sense for a big hacking group to attack large corporations and companies. The bigger the target, the bigger the money they can get.
Hackers demanding ransom in BTC have been around for a long time. They've been around ever since the Internet went commercial in fact, but they used to ask for USD/EUR instead. It's not as if since BTC's existence hacks went wild - it's just the MSM shaping up this idea that cryptos are for thieves.
At the moment I have six sets of my videos and photos.
1 in my safety box
1 at my bro in law in a different state
3 at home
1 set of photos on imgur
1 set of videos on YouTube
June 09, 2020, 10:08:46 PM
I think it's the other way around, hackers have been targeting large corporations because:
As compare to home based users, which they can get a cheap $30-$100 per ransom. And most of the time they're not paying for it. So it makes sense for a big hacking group to attack large corporations and companies. The bigger the target, the bigger the money they can get.
I wouldn't underestimate. There are many out there who'd give $100 or even $200 for their files to be decrypted, imagine having all the personal pictures & videos since you were a little kid on a HDD and suddenly falling victim to such hack. Besides all of that, if you're lucky enough as a hacker you could even be hired for achieving something only few (or nobody else) have been able to achieve. - They can ask for big ransom money
- Security is very lax to say the least
- They can get very sensitive information that they can use to leverage, sell it to dark market for thousands of dollars
- Companies are embarrassed and will likely to pay
As compare to home based users, which they can get a cheap $30-$100 per ransom. And most of the time they're not paying for it. So it makes sense for a big hacking group to attack large corporations and companies. The bigger the target, the bigger the money they can get.
Hackers demanding ransom in BTC have been around for a long time. They've been around ever since the Internet went commercial in fact, but they used to ask for USD/EUR instead. It's not as if since BTC's existence hacks went wild - it's just the MSM shaping up this idea that cryptos are for thieves.
June 09, 2020, 09:36:49 PM
I know some people who have encryptions with their laptops and their ID is the key to that. It's not that easy to get into, but a simple mistake could be that entry point. Anyways, the video seems unclear with its message and inconsistent with its description.
It takes one broken screen to flash advertise something like "you've dropped your key" or "your key stopped working" or even a text for some random employee to start trying it...
Since large private corporations are still starting with their "blockchain application" in their company, it's not as robust in terms of stability and blocks comparing it to the years of Bitcoin being in existence. Faster development of those apps may be a critical turning point for large corporations to prevent possible losses.
This is the competition between open source easily patched projects and closed source, hard to navigate ones. Patches in open source active communities can take minutes to solve for critical vulnerabilities and up to a few days... For closed apps, especially widely available proprietary ones it can take a lot longer to do updates (weeks or months)..
June 09, 2020, 09:34:42 PM
Hackers are shifting from hacking public networks and individuals to hacking private networks and corporations to steal or demand ransom in Bitcoin.
Cybercriminals have proven that the technology is hackable. View the video below to see what they’re doing and how to keep them from getting into Bitcoins.
View the full story here: https://youtu.be/mCA2RJpIzEs
Cybercriminals have proven that the technology is hackable. View the video below to see what they’re doing and how to keep them from getting into Bitcoins.
View the full story here: https://youtu.be/mCA2RJpIzEs
I am a little happy that cybercriminals can be shifting their attention from victimizing common ordinary guys to big-ticket victims like big corporations and organizations which can be giving them more ROI. However, we know that these people are not contributing anything good to all of us unless they utilized their immense talents and intelligence with positive projects. I am sure that this can mean there will be an expanding market for entities whose business is to secure and protect corporations from intrusions.
June 09, 2020, 09:19:51 PM
I know some people who have encryptions with their laptops and their ID is the key to that. It's not that easy to get into, but a simple mistake could be that entry point. Anyways, the video seems unclear with its message and inconsistent with its description. Since large private corporations are still starting with their "blockchain application" in their company, it's not as robust in terms of stability and blocks comparing it to the years of Bitcoin being in existence. Faster development of those apps may be a critical turning point for large corporations to prevent possible losses.
June 09, 2020, 09:14:52 PM
I think it's the other way around, hackers have been targeting large corporations because:
As compare to home based users, which they can get a cheap $30-$100 per ransom. And most of the time they're not paying for it. So it makes sense for a big hacking group to attack large corporations and companies. The bigger the target, the bigger the money they can get.
- They can ask for big ransom money
- Security is very lax to say the least
- They can get very sensitive information that they can use to leverage, sell it to dark market for thousands of dollars
- Companies are embarrassed and will likely to pay
As compare to home based users, which they can get a cheap $30-$100 per ransom. And most of the time they're not paying for it. So it makes sense for a big hacking group to attack large corporations and companies. The bigger the target, the bigger the money they can get.
June 09, 2020, 09:07:36 PM
This is probably also the logical move since employees (like secretaries or developers or junior cyber sec employees are probably fairly malleable in mentality and can easily accidentally download something that targets a backdoor on a smart phone). And as those devices get more complex, generally so do the number of bugs... AFAIK I think that comes more down to keystorage and multisig issues.
(also can you not hire a person to narrate your videos or narrate them yourself and pass it through a filter, the computer generated voices just don't have the same zest to them).
And a lot of public networks will have been taken down or seen less traffic since covid19 as the best to hack are generally in unsuspecting places like coffee shops and public transport (used much less or not at all in lockdowns).
(also can you not hire a person to narrate your videos or narrate them yourself and pass it through a filter, the computer generated voices just don't have the same zest to them).
And a lot of public networks will have been taken down or seen less traffic since covid19 as the best to hack are generally in unsuspecting places like coffee shops and public transport (used much less or not at all in lockdowns).
June 09, 2020, 07:05:50 PM
Hackers are shifting from hacking public networks and individuals to hacking private networks and corporations to steal or demand ransom in Bitcoin.
Cybercriminals have proven that the technology is hackable. View the video below to see what they’re doing and how to keep them from getting into Bitcoins.
View the full story here: https://youtu.be/mCA2RJpIzEs
Cybercriminals have proven that the technology is hackable. View the video below to see what they’re doing and how to keep them from getting into Bitcoins.
View the full story here: https://youtu.be/mCA2RJpIzEs
Jump to: