An instant news became viral recently recently from sources of an
internet enterprise working in collaboration with Bitcoins that hackers
have handed over amount worth $12,480 from the Bitcoins through hacking
technique called
Social Engineering.
Well the amount stolen isn't that much big in numbers but the threat of
being attacked and looted again is a matter of concern for many
worldwide and that's the story of concern and a question mark over
security of the transactions carried out through Bitcoins. The way
hackers satisfied the registrar of the victim website was amazingly
structured through social engineering technique for
domain
Site5, they interacted with the team of management, they answered
positively for owners birthplace and the maiden name of owners mother
and the managing team handed over the site.
Bitinstant is the company that was attacked and amount of $12,480
was looted by hackers. The website was down for the day incident of
hack attack occurred. The details used by the hackers are not
hard to be found in other words easily approachable if one who needs is a hacker. The
next step taken by hackers was to change the credentials of the user account at a VirWox, a Bitcoin exchange
outlet.
In the final step they got all the money from users account by
acquiring access of user's Bitinstant Email.Bitinstant is the company
that was attacked and amount of $12,480 was looted by hackers. The
website was down for the day incident of hack attack occurred. The
details used by the hackers are not
hard to be found in other words easily approachable if one who needs is a hacker. The
next step taken by hackers was to change the credentials of the user account at a VirWox, a Bitcoin exchange
outlet. In the final step they got all the money from users account by acquiring access of user's Bitinstant Email
Well from the sources of Bitinstant, they use a number of Bitcoin
exchanges but the fact why hackers selected VirWox for their hack due
to the reason that it was easy to bypass it with
username
and password, they had changed these credentials just before the
attack. Bitinstant's exchange service VirWox has Autolock Down
features, Yubikeys, Multi-Factor Authentication and other necessary
security steps to insure safe
entrance
to the site database. Despite these factors, VirWox had offered and
applied its own version describing its extensive security procedures
and authentication checks but they were not accepted to be applied by
Bitinstant side.
The upcoming times will tell if the Bitinstant
is successful in recovering from the hard times they had ever faced,
though it is for the sack of Bitinstant's reputation. For now
winners are Hackers.
VPN can help The need of security tools like to
buy VPN services becomes more vital after Such incident of hack attack take place anywhere in the world. The popular
VPN services like Hotspot, PureVPN, StrongVPN or any other
secure vpn have been offering extensive security protocols preventing such attacks and identity theft incidents.
A Guest post By, Jack alvano
Jack Alvano is a VPN4ALL
fan and loves to explore internet technology advancements. He also writes
for Australia
VPN and Anonymous VPN
Service reviews.