Hackers Target Cryptocurrency Platforms via Hosting Service Providers


One of the problems of recent time is that some attackers were observed targeting several cryptocurrency services by attacking their hosting service providers. Recently, a hacker group targeted domain hosting provider GoDaddy and tricked its employees into transferring the ownership and control of several cryptocurrency services hosted on GoDaddy’s platform.

The attack took place on November 13 and the attackers first targeted Cryptocurrency trading platform Liquid. Hackers had transferred control of the account and domain to a malicious actor and changed the DNS records. By this, they could monitor and control their internal email accounts, and eventually the document storage. Several crypto currency platforms like Bibox.com, Wirex.app, Celcius.network, were also targeted. The cryptocurrency mining service NiceHash discovered that its settings for domain registration records at GoDaddy were changed without authorization. Their email and web traffic were briefly redirected.

So, with the threat of attackers targeting hosting services, it is crucial for all organizations to look after proper security of their systems. As suggested by experts, in order to protect sensitive information, these companies must use data encryption software and intrusion detection and other prevention systems.

By Hrithik Lall

IEMLabs is an ISO 27001:2013 and ISO 9001:2015 certified company, we are also a proud member of EC Council, NASSCOM, Data Security Council of India (DSCI), Indian Chamber of Commerce (ICC), U.S. Chamber of Commerce, and Confederation of Indian Industry (CII). The company was established in 2016 with a vision in mind to provide Cyber Security to the digital world and make them Hack Proof. The question is why are we suddenly talking about Cyber Security and all this stuff? With the development of technology, more and more companies are shifting their business to Digital World which is resulting in the increase in Cyber Crimes.

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