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USA Reveals the hacker who Stole 50,000 bitcoins -Top 5 Cybersecurity news

United-States-reveals-the-identity-of-hacker-who-took-50000-bitcoins

Introduction:

Welcome back to the new set of cybersecurity news! Cyberspace is getting denser and keeps on growing in all areas. So, technology has to improve day by day. This is one reason, why news like cyber security matters much in the world. Today’s (08-11-22) top 5 news includes information about the identity reveal of a hacker who took 50,000 bitcoins from Silkroad, wiper malware, etc. Read the news and share your thoughts about today’s cybersecurity news in the comment section.

Top 5 hacking news:

1. After a weekend cyberattack, Maple Leaf Foods experiences a disruption.

On Sunday, Maple Leaf Foods acknowledged that it had encountered a cybersecurity incident that resulted in a system crash and a disruption of business activities.

The largest producer of prepared meats and poultry foods in Canada is Maple Leaf Foods, which has 21 manufacturing plants, employs 14,000 people, and leases more than 700 barns. The company made $3.3 billion in sales in 2021.

In an effort to take advantage of incident responders being understaffed and increase their chances of success, hackers frequently launch cyberattacks on the weekends.

Despite the time, the major Canadian food packaging company claims its IT team responded to the situation right away. The firm’s professionals are currently collaborating with cybersecurity and recovery experts to find a quick solution.

In order to lessen the disturbance to the food supply in the Canadian market, Maple Leaf Foods said it would continue collaborating with clients and partners.

A corporate spokeswoman told, while their investigation is still in progress, it has not yet been possible to ascertain how the cybersecurity breach took place.

2. United States reveals the identity of hacker who stole 50,000 bitcoins from Silk Road

The conviction of James Zhong, a shady hacker who stole 50,000 bitcoins from the “Silk Road” dark net market, was revealed by the US Department of Justice today.

On Friday, November 4, Zhong entered a plea of guilty to charges of money laundering after using a “withdrawal processing glitch” to withdraw significantly more Bitcoin than he had initially put up on a dark web marketplace.

Additional information about the seizure of 51,351.9 Bitcoin, which was made in November 2021 and was worth more than $3.3 billion at the time, is also included in the DoJ notice.

James Zhong once belonged to the infamous Silk Road dark net market, a defunct black market for illegal commodities that ran from 2011 to 2013 and had over 100,000 users. The accused admitted that in September 2012, he used a loophole in the market’s transaction system to steal 50,000 bitcoin.

With an initial contribution ranging from 200 to 2,000 bitcoin, Zhong financed nine different accounts before initiating 140 withdrawals in quick succession.

3. Data is destroyed by the wiper malware Azov Ransomware 666 bytes at a time.

The Azov Ransomware, which has been shown to be a data wiper that willfully deletes victims’ data and infects other programs, is still widely dispersed throughout the world.

A threat actor started disseminating malware known as “Azov Ransomware” last month through software exploits and pirated software that claimed to encrypt the files of victims.

The ransom note instructed victims to get in touch with security researchers and journalists so that they could pose as the creators of the ransomware rather than providing contact information to negotiate a ransom.

We assumed that the malware was a data wiper because there was no contact information and the identified contacts could not assist victims. The malware had a trigger that would make it remain dormant on the victims’ computers until October 27th, 2022, at 10:14:30 AM UTC, after which all the data on the computer would be corrupted.

According to Vinopal, it would damage data in alternating 666-byte blocks of garbage data and obliterate a file’s contents. The fact that the number 666 is frequently linked to the biblical “Devil” demonstrates the threat actor’s nefarious intentions.

4. According to experts, the security scanner URLScan accidentally leaks sensitive URLs and data.

Security experts have warned that urlscan.io, a website scanner for questionable and harmful URLs, maybe reveal “a wealth of sensitive information.”

Positive Security co-founder Fabian Bräunlein stated in a report released on November 2, 2022, that “sensitive URLs to shared documents, password reset sites, team invites, payment invoices, and more are publicly disclosed and searchable.”

The cybersecurity company with headquarters in Berlin claimed it began an investigation as a result of a warning that GitHub sent to an unspecified number of users in February 2022 about sharing their usernames and private repository names with urlscan.io for metadata analysis as part of an automated process.

This included password reset links, email unsubscribe links, even URLs for package tracking, PayPal invoices,  account creation URLs, API keys, DocuSign signing requests, Dropbox file transfers, invite links to services like SharePoint, Discord, and Zoom, information about Telegram bots,  Cisco Webex meeting recordings, and shared Google Drive links.

5. Critical System Used by Oil and Gas Companies Has High-Severity Flaw

Information on a new vulnerability in a system used by many oil and gas companies that may be leveraged by an attacker to inject and execute arbitrary code has been made public by cybersecurity researchers.

It is a path-traversal vulnerability in ABB Totalflow flow computers and remote controllers, identified as CVE-2022-0902 (CVSS score: 8.1).

Following responsible disclosure, the Swedish-Swiss industrial automation company ABB has since distributed firmware updates as of July 14, 2022

Petrochemical producers utilize flow computers, which are specialized electronic devices, to interpret data from flow meters and compute and record the volume of materials like natural gas, crude oil, and other hydrocarbon fluids at a certain time.

It is essential that the flow measurements are precisely recorded because these gas measurements are crucial for process safety as well as being inputs when bulk liquid or gas products are transferred between parties.

Conclusion:

Bitcoins may be considered as future payment methods but they may boost illegal transactions. There are risks, threats, and vulnerabilities in every aspect of our life. It can’t be avoided that we live in a world full of cybercrime and malicious software to attack our systems. These cyber-attacks may occur from any place in the world so we need to update ourselves so that we can prevent ourselves from cyber attacks. keep yourself updated through our cyber security news and also stay connected by subscribing to our newsletter. Share your thoughts in the comment section and Comeback again for another set of cyber security news. Thank You!

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Cyberghost

Cyberghost

A Computer science Engineer, Certified Ethical hacker (CEH), Offensive Security Certified professional (OSCP), SOC Analyst & Content Creator.

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