All in it, Hamburger News - June

If you want to know what happened in the Cyber Security space in one-bite,this is the perfect sauce source for you. Did you know that many South Koreans are mad about Cryptocurrency? June witnessed two big hacks on Korea's Cryptocurrency Exchange websites. Both Coinrail and Bithumb lost a total of US$70 million in tokens. Although Bithumb displayed immediate response to

Jiyeon KongBy: Jiyeon Kong, Jun 28, 2018
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If you want to know what happened in the Cyber Security space in one-bite,
this is the perfect sauce source for you.

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Did you know that many South Koreans are mad about Cryptocurrency?

June witnessed two big hacks on Korea's Cryptocurrency Exchange websites. Both Coinrail and Bithumb lost a total of US$70 million in tokens. Although Bithumb displayed immediate response to the incident, they had to reimburse this huge amount using Bithumb’s own coins. Many users have since realized that most 'trusted' exchanges were not as safe as they thought.

According to the latest report by Korea Internet & Security Agency (KISA), this incident occured due to phishing email. It is assumed that hacking might have been initiated from the exchange's employee’s computer to penetrate into the server with a bottom-to-top approach.

 

1) More than $1.1 Billion in Cryptocurrency has been stolen in the past 6 months, and it was easy according to Carbon Black.

Image result for cryptocurrency

image source : https://smartereum.com/3223/cryptocurrency-market-valuation-to-hit-1-trillion-this-year-cryptocurrency-predictions-2018-news-analysis-tue-jun-26/

During the last 6 months, approximately $1.1 billion cryptocurrency has been  stolen.

According to cyber security company Carbon Black, it has been quite easy to steal from cryptocurrency exchanges. Hackers use what is known as the dark web to facilitate from large-scale to small-scale cryptocurrency theft. Carbon Black reported approximately 12,000 marketplaces and 34,000 offerings which are victims of crypto-theft.

 

2) Former employee of Coca Cola escaped with company data.

Image result for coca cola employee

image source : https://www.reference.com/business-finance/many-employees-coca-cola-403db69dbdcafe64

This month, there was another reported insider attack.

It was discovered that a former Coca Cola employee has run away with a hard drive containing 8,000 employees’ credentials.

 

3) Why we can make ‘Zero day exploits’ to be a zero

Related image

image source: https://www.noobpreneur.com/2018/03/22/zero-day-attack-protection-a-guide/

Zero day exploits are still the most important concerns in Cyber Security. On 8th June, Adobe reported an emergent patch regarding a vulnerability on flash player (CVE-2018-5002).

 

4) Hurrah! I received a confidential email regarding US-NK summit!

Image result for nk-us summit

image source : https://medium.com/@jeremynewcombe_5950/us-nk-summit-appeasement-in-the-twenty-first-century-6c07b117740

News on the US-DPRK summit has been sensational this month. However, DO NOT CLICK THIS EMAIL. If you have received an email with a subject  related to the US-DPRK Summit, it might be a phishing email.

During this month, one hacker group has launched a spear-phishing campaign with a document purporting to be about the June summit. It was being used as a lure to make victims download malware. This email campaign targeted academics in fields of business or politics. Some researchers have pointed out that the mechanism of this phishing attack is similar to practices of DPRK hackers. However, we are still unsure of the origins of this email.

Jiyeon Kong
By: Jiyeon Kong, Jun 28, 2018

Customer Success Manager | Horangi

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