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A SecurityWatch blog, How Thieves Steal Your Bitcoins, details the variety of malware families (over 100 different types) targeting cryptocurrency exchanges and wallets - the majority of which aren’t technically sophisticated at all, as the article denotes.Wallet and credential-stealing malware as well as man-in-the-browser attacks appear to be the most popular.Wallet-stealing malware searches for wallet.dat and other common filenames on a user’s computer, then transfers files to a remote server.Credential-stealing malware is more intended for exchange break-ins, as this type of malware intercepts credentials as the user attempts to login.Predator Pain is one type of credential and file-stealing Trojan (referred to as a keylogger in an online forum) that steals users’ logins to many different applications and online services, including Bitcoin, World of Warcraft and Microsoft Outlook, according to TechWeekEurope.Findings of these cryptocurrency malware families come from Dell SecureWorks researchers, Joe Stewart and Pat Litke, who presented their work, Cryptocurrency-Stealing Malware Landscape, at this year’s RSA Conference in San Francisco.

They report that even some types of two-factor authentication that users may enable to protect against these types of credential-stealing attacks can be bypassed: Many exchanges have implemented two-factor authentication using one-time PINs to combat unauthorized logins.However, more advanced malware can easily bypass OTP-based 2FA, by intercepting the OTP as it is used and creating a second hidden browser window in order to log the thief into the account from the user's own computer.- , More Than 100 Flavors of Malware Are Stealing Bitcoins Additionally, man-in-the browser malware can intercept transactions and change the send address before it’s signed - the malware checks and intercepts any transaction that contains a valid Bitcoin address.So how do you protect against credential-stealing malware on not only your cryptocurrency accounts, but also your webmail, cloud apps, and other accounts?A modern two-factor authentication solution can solve the problem.Using an out-of-band authentication method designed to protect against man-in-the-browser attacks, as well as other credential theft attacks can bring down the success rate of these attacks.

Instead of using a one-time password or pin, modern two-factor solutions allow you to authenticate via push notifications on your smartphone.Additionally, the design of the security solution matters - your users’ phones and your modern two-factor provider’s servers should be set up to validate each other to prevent network-level attacks against the authentication process.
bitcoin qt fasterTwo-factor authentication via push notification can be leveraged to protect online banking accounts as well.
bitcoin meetup argentinaAs I wrote about in a previous article, The Current State of Online and Mobile Banking Security, attackers can use phishing attacks to install a Trojan on user computers to steal their banking credentials and log in remotely.
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One way to protect against this type of attack is to implement transaction-level two-factor authentication that requires verification via a user’s phone before transferring or making any type of transaction on their account.There are many ways to protect your cryptocurrency exchange account logins and online banking logins, but not every two-factor authentication solution is created equal.
bitcoin foundation singaporeFind out more about modern two-factor authentication and push notifications.
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Betting a bitcoin payout will motivate more people to sell their old gadgets, Glyde Inc.is offering the virtual currency to customers.Since launching in 2009, the electronic thrift shop has allowed people to easily sell their old iPhones, tablets and other devices, much like eBay Inc.EBAY +0.95% and startups Nextworth Inc.
bitcoin script decoderThe company suggests a price, provides a shipping envelope and takes roughly 10% of each transaction.
bitcoin judgmentExpanding its payout to sellers from U.S.dollars to bitcoin is a next step calculated to bring more sellers to the site and possibly generate some fresh revenue on the exchange margins, according to Glyde Chief Executive Drew Lieberman.Glyde CEO Drew Lieberman The move comes as both enthusiasm for the virtual currency and concerns run high. Inc.OSTK -2.16% and Zynga Inc.ZNGA +3.67% have recently joined Reddit Inc., OKCupid Inc.

and others in accepting bitcoins, majorprice fluctuations triggered by hackers, trading halts and dismissal by some countries has tempered some of that enthusiasm.Fuzzy government regulation in the United States adds to the uncertainty.Lieberman says the risks are worth it for the Menlo Park, Calif.-based startup, which recently raised another $1.2 million from Charles River Ventures for its bitcoin experiment and expansion into sports, household items and other new categories.The following conversation is edited for length and clarity.Why are you adding the option for sellers to get paid in bitcoins?We want to give people an opportunity to get bitcoins in an easy way.We think there’s a lot of excitement and energy around Bitcoin.People will see an estimate for the price for what they are selling in bitcoin as they list the product.When they withdraw the money, after the item has sold a few days later, they’ll see the actual amount they will be paid in bitcoins.They can choose that or dollars.

Couldn’t that be a big difference?Bitcoin prices have fluctuated a lot.Are you prepared for that volatility?We’ll continue to test to see what costs we’re incurring and risks we’re taking.It will be a small source of revenue for us.When you launched in 2009, the focus was on helping Midwestern soccer moms buying and selling CDs, DVDs, books and cartridge games.How has the target changed?It tended to be a little younger–more 18 to 34-year-old males.And gamers in particular who are a little more techno-savvy.We pivoted to consumer electronics because the higher average selling price was more attractive.How has that worked out?We did about $10 million in gross sales last year.We’ve also started to work with partners, like Ting Wireless and X Cellular, and embed in their marketplaces.You’re seeing our marketplace, but it’s on their site.With the recent $1 million or so from CRV, Glyde has raised $28 million in funding in all.Why so much money?We invested in making the user experience–both on the buy side as well as the sell side–as frictionless as possible.