DeFI News by Thebittimes.Com

A SIM swap attack on the U.S. SEC’s Twitter account led to a false tweet about Bitcoin ETF approval , briefly disrupting the cryptocurrency market. On Jan. 10, the U.S. Securities and Exchange Commission (SEC) experienced a cybersecurity breach, resulting in a misleading tweet about spot Bitcoin ETFs from its official account. This incident, caused by a SIM swap attack, briefly stirred confusion in the cryptocurrency markets. The SEC explained the situation in a statement: “The unauthorized party obtained control of the SEC cell phone number associated with the @SECGov account in an apparent ‘SIM swap’ attack .” This allowed the attack er to reset the Twitter account’s password and post the false announcement . The SEC also admitted that multi-factor authentication, a crucial security feature, was disabled for its Twitter account since July 2023. This decision contrasts with the general cybersecurity recommendations previously endorsed by SEC C...

Forty countries participating in the Counter Ransomware Initiative have agreed to stop paying ransoms demanded by cybercriminals, according to a senior White House official on Tuesday. Led by the US , the Counter Ransomware Initiative is an alliance launched in 2021 that now includes 48 nations, including Canada, A US tralia, Germany, South Korea, Japan, the UK, Kenya, Uruguay, Israel, and Ukraine. This year’s meet, hosted in the White House, has solidified a plan to counter the concerning increase in cyberattacks. The US is apparently the target of 46% of all ransomware attacks, according to the US deputy national security adviser for cyber and emerging technologies, Anne Neuberger. “As long as there is money flowing to ransomware criminals, this is a problem that will continue to grow,” she told reporters in a virtual briefing. Neuberger cited the recent cyberattack on cleaning product giant Clorox and attacks on Minneapolis public schools while describing the ...