GoDaddy’s Crypto Clients Hit by Security Breach 0 293

GoDaddy’s Crypto Clients Hit by Security Breach

The latest tech firm to become a victim of a social engineering attack is GoDaddy, a prominent domain name and web hosting service. According to a report by KrebsOnSecurity, there were security breaches reported by a number of crypto companies that were hosted on GoDaddy’s platform. The series of attack began on November 13th with Liquid, a crypto trading platform. Mike Kayamori the chief executive at Liquid, accused GoDaddy in a separate blog post, of transferring access to domain accounts to a malicious actor. The DNS records were changed by the hackers and they took control of the domain account. 

This enabled them to get access to the Liquid’s document storage and infrastructure quite easily. Other than Liquid, NiceHash, a crypto-mining service also became a victim of the social engineering attack on GoDaddy. The attack occurred only a couple of days after Liquid’s account had been compromised. It was revealed by NiceHash that hackers had edited its domain registration records on the web host without its permission. Customer funds were immediately frozen by the mining service for 24 hours in order to rectify the problem and prevent any unauthorized transactions. It remains unclear as to how much Liquid lost due to the attack, but NiceHash confirmed that their funds remained intact.

However, the fact that such an attack took place is something to be concerned about. It was noted by KrebsOnSecurity that this is not the first time for GoDaddy to deal with security problems. The news source reported in May that a security breach had occurred on the hosting platform, which had compromised the data of 28,000 employees. The problem had occurred due to another security breach that had happened back in October, 2019. However, GoDaddy hadn’t known about it until April, 2020. The hosting platform made a file with the Attorney General’s Office in California, where it noted that the breach had been restricted to hosting accounts.

Customer accounts and personal information had not been compromised, but GoDaddy had still opted to reset passwords and usernames for its clients. However, unlike this attack, it remains unclear as to how the hackers were able to compromise the firm’s security systems. No additional details were provided by GoDaddy, which left experts guessing. It was noted by KrebsOnSecurity that it seems to be a brute force attack on the security infrastructure of the company. The hosting platform said that it was grateful for the business from its clients and was regretful of what had happened.

They offered free Website Security Deluxe and Express Malware Removal services to everyone for a year, which will run scans on the hosted websites for identifying any potential security vulnerabilities. The major difference between this incident and the previous one is how the hackers gained access. It is usually easy to identify brute force attacks, but social engineering ones tend to be a bit more subtle. A similar case had occurred with Twitter, the social media network, in July, as accounts of several prominent individuals had been compromised. 

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MELT, GTC, PAL, and more Cryptocurrencies among Highest Gainers in Past 24-hours 0 16

In the list of highest gaining cryptocurrencies, the cryptocurrency on the top is Defrost Finance (MELT). In the past 24-hours, MELT has observed a 192.83% surge in its price, surging it all the way up to $11.97 per MELT. Similar to the price surge in the past 24-hours, MELT’s trading volume in the past 24-hours has increased to $1,177,520. MELT is currently the 3220th largest cryptocurrency in the crypto-verse in terms of its $1,401,512 market valuation.

The next cryptocurrency coming after Defrost Finance is Gitcoin (GTC). In the past 24-hours, GTC has observed a 171.08% surge in its price, surging it all the way up to $25.56 per GTC. Similar to the price surge in the past 24-hours, GTC’s trading volume in the past 24-hours has increased to $1,199,791,917. GTC is currently the 264th largest cryptocurrency in the crypto-verse in terms of its $363,625,405 market valuation.

The next cryptocurrency coming after Gitcoin is PlayAndLike (PAL). In the past 24-hours, PAL has observed a 168.43% surge in its price, surging it all the way up to $0.0000016 per PAL. Similar to the price surge in the past 24-hours, PAL’s trading volume in the past 24-hours has increased to $52,540. PAL is currently the 4780th largest cryptocurrency in the crypto-verse in terms of its $144,015,382,197 market valuation.

The next cryptocurrency coming after PlayAndLike is Elonomics ($ELONOM). In the past 24-hours, $ELONOM has observed a 131.06% surge in its price, surging it all the way up to $0.02629 per $ELONOM. Similar to the price surge in the past 24-hours, $ELONOM’s trading volume in the past 24-hours has increased to $212,424. $ELONOM is currently the 3934th largest cryptocurrency in the crypto-verse in terms of its $26,633 market valuation.

The next cryptocurrency coming after Elonomics is ICE ROCK MINING (ROCK2). In the past 24-hours, ROCK2 has observed an 85.68% surge in its price, surging it all the way up to $0.01744 per ROCK2. Similar to the price surge in the past 24-hours, ROCK2’s trading volume in the past 24-hours has increased to $67,982. ROCK2 is currently the 2229th largest cryptocurrency in the crypto-verse in terms of its $274,300 market valuation.

The next cryptocurrency coming after ICE ROCK MINING is India Coin (INDIA). In the past 24-hours, INDIA has observed a 128.93% surge in its price, surging it all the way up to $0.0000006419 per INDIA. Similar to the price surge in the past 24-hours, INDIA’s trading volume in the past 24-hours has increased to $452,332. INDIA is currently the 3571st largest cryptocurrency in the crypto-verse in terms of its $3,975,380 market valuation.

Even more cryptocurrencies are joining the ranks of top gainers and among these cryptocurrencies are KING, ALLBI, HIKO, and many more.

Crypto.com is Now First-Ever Exchange that is now Adhering to SOC 2 Standards 0 17

As per the latest reports, Crypto.com has made an announcement in regards to acquiring a new certification. Crypto.com, one of the most popular cryptocurrency exchanges has announced that it is now in full compliance with the SOC 2 standards. Crypto.com is based in Singapore and it has a global user base.

The exchange has announced that it has successfully acquired the SOC 2 certification after a successful audit. The exchange has announced that it had Deloitte carry out the audit prior to granting certification.

Deloitte is a global consulting firm that has been around since 2015, is based in the United Kingdom. It is spread all over the world, currently providing its services in over 150 countries.

The SOC is reportedly a traditional finance standard that is known all over the world. With the acquisition of the SOC 2 certification, Crypto.com has become the first-ever cryptocurrency exchange to have acquired this recognition.

The SOC 2 certification is granted to traditional financial institutions that are considered highly trustworthy in the financial sector. Prior to the granting of the certification, the operations, policies, and information practices of the company are audited and attested. If the particular company is able to pass all the audits successfully, it is granted the SOC 2 certification.

After the acquisition of the SOC 2 certification, Crypto.com has now become the securest and most trustworthy trading platform or cryptocurrencies. The exchange has even earned the title of being the only cryptocurrency exchange that is now SOC 2 certified.

With the acquisition of the SOC 2 certification, Crypto.com has set a new standard that every major exchange would want to achieve. This will increase the standards of the regulatory framework within the cryptocurrency industry. Now, the major exchanges will be competing with each other in order to acquire the SOC 2 certification.

It is being expected that with the acquisition of the SOC 2 certification, Crypto.com will be able to attract a tremendous number of users.

With the SOC 2 standard in its grasp, the exchange can confidently claim to be offering the most reliable services to users. The exchange can offer high regulatory compliance, privacy, and security to the users.

The CEO and co-founder of Crypto.com, Kris Marszalek, talked about the recent achievement of their company. He stated that with the acquisition of the SOC 2 certification, they are able to prove to the world how well their exchange has been working.

Their exchange has finally achieved a new goal, which is going to increase the competition within the crypto-verse. With the new certification, they are now able to offer a lot more to the users than any other exchange.

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