Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Threat Intelligence

9/20/2018
12:10 PM
50%
50%

Japanese Cryptocurrency Exchange Hit with $60M Theft

The incident highlights a broader problem of poor security in cryptocurrency exchanges throughout the country.

Tech Bureau, a Japanese cryptocurrency exchange, has confirmed a $60 million theft following recent initiatives to improve its security posture.

Tech Bureau said its Zaif exchange was hacked over a two-hour period on Sept. 14. Three days later, it noticed server problems and confirmed the attack on Sept. 18. The theft totaled 6.7 billion yen ($59.67 million USD) in digital currencies, including Bitcoin, Monacoin, and Bitcoin Cash. About 2.2 billion yen belonged to Tech Bureau; 4.5 billion belonged to its clients.

Now the firm reached an agreement with Fisco, which will invest 5 billion yen ($44.59 million USD) and receive majority ownership. Earnings will be used to replace funds taken from customers.

The hack highlights a problem of poor security in cryptocurrency exchanges. Indeed, cryptocurrency exchanges throughout Japan have come under scrutiny after Coincheck suffered a $530 million theft of digital currencies back in January. It reports many exchanges are left vulnerable due to poor management and lack of security for client funds.

Read more details here.

 

 

 

Black Hat Europe returns to London Dec 3-6 2018  with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions and service providers in the Business Hall. Click for information on the conference and to register.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
97% of Americans Can't Ace a Basic Security Test
Steve Zurier, Contributing Writer,  5/20/2019
TeamViewer Admits Breach from 2016
Dark Reading Staff 5/20/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: I told you we should worry abit more about vendor lock-in.
Current Issue
Building and Managing an IT Security Operations Program
As cyber threats grow, many organizations are building security operations centers (SOCs) to improve their defenses. In this Tech Digest you will learn tips on how to get the most out of a SOC in your organization - and what to do if you can't afford to build one.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-7068
PUBLISHED: 2019-05-24
Adobe Acrobat and Reader versions 2019.010.20069 and earlier, 2019.010.20069 and earlier, 2017.011.30113 and earlier version, and 2015.006.30464 and earlier have an use after free vulnerability. Successful exploitation could lead to arbitrary code execution .
CVE-2019-7069
PUBLISHED: 2019-05-24
Adobe Acrobat and Reader versions 2019.010.20069 and earlier, 2019.010.20069 and earlier, 2017.011.30113 and earlier version, and 2015.006.30464 and earlier have a type confusion vulnerability. Successful exploitation could lead to arbitrary code execution .
CVE-2019-7070
PUBLISHED: 2019-05-24
Adobe Acrobat and Reader versions 2019.010.20069 and earlier, 2019.010.20069 and earlier, 2017.011.30113 and earlier version, and 2015.006.30464 and earlier have an use after free vulnerability. Successful exploitation could lead to arbitrary code execution .
CVE-2019-7071
PUBLISHED: 2019-05-24
Adobe Acrobat and Reader versions 2019.010.20069 and earlier, 2019.010.20069 and earlier, 2017.011.30113 and earlier version, and 2015.006.30464 and earlier have an out-of-bounds read vulnerability. Successful exploitation could lead to information disclosure.
CVE-2019-7072
PUBLISHED: 2019-05-24
Adobe Acrobat and Reader versions 2019.010.20069 and earlier, 2019.010.20069 and earlier, 2017.011.30113 and earlier version, and 2015.006.30464 and earlier have an use after free vulnerability. Successful exploitation could lead to arbitrary code execution .