You’ve seen the news and Bitcoin trading has gone through the roof this year. For those of you who aren’t familiar, Bitcoin is the biggest cryptocurrency out there. Not only can Bitcoins be used as a form of payment, but they also can be mined. Mining involves using a computer, or more commonly, a server farm of computers to do intense calculations. Completing these calculations rewards you with Bitcoins. Bitcoins can then be used for purchases and are managed in your Bitcoin wallet.
So here’s where the fun comes in. Since Bitcoins are completely digital, anything involved in the process of mining, storing, and purchasing Bitcoins can be a big target for would be hackers and Malware creators.
Here’s some of the stuff we are seeing out there currently:
- Mining– Many people want to get into mining. There are many legit ways to do it, but watch out, there’s a lot of fake software out there that is actually malware disguised as mining software.
- DDOS attacks– Distributed denial of server attacks. Cryptocurrency exchanges were the eighth most targeted sector by DDoS attackers following sectors such as gambling, internet services, financial services and retailers.
- Mining marketplace NiceHash recently announced that it was hacked and 4,700 bitcoins were stolen.
- Picking your Wallet– Multiple attacks have been recorded hacking into Coinbase wallets.
So the moral of the story here is the same we’ve seen for years and years. Protect your digital assets. Keep strong malware protection and firewalls in place. Following these practices can go a long way in protecting your systems.
Apple has shipped its latest operating system with a serious flaw. It seems that anyone, without a password, can easily create a new root account. What this means is that this account can have access to all files on the computer! The root account is the most powerful account on a computer because it has access to all files. This is why we recommend never using a root account on your computer to keep it secure. But in this case, Apple seemed to leave this horrible loophole in place for hackers to easily install a keylogger or other malware on your computer. Word is out that a patch was released yesterday to fix this. This is still quite a big oversight on the part of Apple’s quality control.
Do you use Googles Docs, Boxx or a similar data sharing platform? Within the past couple weeks, reports have been flooding in on social media. Users are complaining that their Google docs files are getting locked due to a violation of the Google Terms of Services. An error message pops up saying “this item has been flagged as inappropriate and can no longer be shared.” You can either request a review from Google or dismiss the error.
Unfortunately, it appears that this is a bug instead of an actual violation. Take a look at the Google Docs Twitter account. It seems they are aware of the situation and looking into it…
Seeing things like this is a great reminder that although these types of services are typically safe, they are not 100% protected from bugs, human error, and ransomware. The only way to really guarantee your data is safe is to make sure you have a third party solution in place to protect your data.
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