The German Federal Criminal Police Office and the Central Office for Combating Cybercrime announced this week that they have seized the Hydra server infrastructure after extensive investigations on the cybercrime forum since August 2021. The site, which could only be reached access on the Tor network, it was a market for criminals. activities, including cryptocurrency laundering, narcotics sales, and false documents. Now, visitors to the site only see the seals of various law enforcement agencies and a notice that the platform has been seized.
“This is fantastic news,” exclaimed Avast security evangelist Luis Corrons, “and this could be just the beginning, as after taking over those servers, law enforcement will analyze them and be able to track down the real criminals doing business there. Unfortunately, it appears that a good number of them were of Russian origin, and the Russian authorities are not exactly known for their cooperation in stopping cybercrime.” In addition to seizing the servers, authorities seized 543 bitcoins (equivalent to about $25 million). US authorities such as the Drug Enforcement Administration and the FBI were also involved in the investigations. For more on this story, see Ars Technica.
Hackers Target NFT Discord Channels
NFT generators Bored Ape Yacht Club (BAYC), Nyoki, Shamanz, Doodles, and Kaiju Kingz confirmed that their Discord channels were hacked last week. The hackers took over the channel bots and used phishing tactics to trick users out of cryptocurrency. The hacked bots presented a malicious link, encouraging users to click to mint a (fake) NFT in exchange for Ethereum. In some cases, users were tricked into sending NFTs that the bot claimed it would wrap in a token. The attacks were quickly detected and brought under control, but not before some Ethereum and NFTs were stolen. The wallet addresses connected to the hack were seen to contain more than $11 million in cryptocurrency. Watch VICE for more on this story.
The Metaverse’s biggest hurdles are privacy and data security.
In a survey of 300 US-based developers, most agreed that privacy and data security are the biggest hurdles the metaverse must overcome as it evolves into the platform of the future. The survey was conducted by software company Live Streaming Agora. Developers were asked if they thought the metaverse would replace real-life, in-person social interactions and experiences in the next five years, with 55% saying it was likely. When asked which industry will benefit the most or experience the most positive impact from the metaverse, developers put gaming and entertainment at the top. They were also asked a series of questions about the projected use of cryptocurrency in the metaverse. Read the full report to see all the results.
NSW to start digital identity verification
New South Wales in Australia prepares to launch digital identity verification for citizens using government services. The technology is expected to be integrated into the Service NSW app, which will work by matching a photo the user takes of themselves with a stored photo. Once the images match successfully, the selfie and verification data will be destroyed. Service NSW CEO Damon Rees commented: “This will give customers greater accessibility to government services, especially customers with disabilities, customers short on time and those in rural or regional areas.” read more on ZDNet.
CashApp data breach caused by a former employee
Stock trading and financial services platform CashApp filed a report with the US Securities and Exchange Commission this week claiming a December data breach was caused by a former employee. The stolen data included brokerage account numbers, full names, brokerage portfolio values, and brokerage portfolio holdings for a trading day. CashApp reported that the former employee accessed the data after being fired, but the company did not explain why he did not. revoke access to confidential information as soon as the employee was terminated. For more information on this, see safety week.
This week’s must-read on the Avast blog
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