![]() ![]() ISO/IEC 27701:2019 establishes requirements for implementing, maintaining and continuously improving a Privacy Information Management System (PIMS). The easiest way to buy and sell Bitcoin and cryptocurrency. The audit was conducted by SGS, which works in inspection and certification. ISO/IEC 27701:2019 is the world’s first standard for privacy rights management for personally identifiable information (PII). The technology will be used to monitor transactions and crypto addresses to help watch out for money laundering cases.Ĭ has achieved ISO/IEC 27701:2019 certification, making it the first cryptocurrency company to achieve such the certification is a recognition of the way holds privacy rights in high esteem.Īccording to a press release, the certification means, which was established in 2016, maintains privacy standards that are sufficient to protect data from risks. Jaewon Baek, Binance Korea’s money laundering reporting officer, said in a press release that Coinfirm “has one of the most advanced analytics systems and data on virtual asset wallets related to money laundering crimes.” The partnership will integrate Coinfirm’s AML solution with Binance Korea’s services on Binance Cloud, which is used for digital asset exchanges. Coincheck has suspended crypto remittances for the time being due to the attack.Ĭrypto scams have become common in the field as the form becomes more widely accepted.īinance’s Korean crypto arm will work with Coinfirm, a blockchain analysis firm, to help boost anti-money-laundering compliance. The motive of the attack is unclear, but it could have been an attempt to phish for “know your customer” details to try and access customer accounts. ![]() The attacks affected around 200 users, who apparently had their private data exposed as a result, including names, email addresses and ID photos. At the time, the exchange didn’t verify how attackers had managed to pull off the heist, but the company was adamant that it wasn’t an inside job.Japanese crypto firm Coincheck has become the victim of a data breach, with attackers utilizing private information to impersonate the firm.Ĭoincheck came under attack by an unknown third party, which was able to gain access to an account it held with, and then used an official email to send “fraudulent” emails to users between May 31 and June 1. At the time Mt Gox was the world’s biggest Bitcoin exchange. The operator of Mt Gox, Mark Karpeles was arrested and jailed for his role in the collapse. ![]() Mokes was first seen on a Russian bulletin board in June 2011, Netwire has been active for around 12 years.Ĭoincheck lost over $500 million worth of NEM tokens as result of the hack. The Japanese exchange Coincheck hack dwarfs an earlier hack on Bitcoin exchange platform Mt Gox in 2014, which saw the theft of US480 million worth of Bitcoin. The Coincheck exchange said on its website Friday that it had. However, both of the malwares emailed to Coincheck employees have been linked back to Russian hacking groups, and have previously appeared on Russian-based message boards. A Japanese exchange has lost 58 billion yen (530 million) in cryptocurrency because of hacking, according to Japanese media reports. ![]() The attack was previously thought to be the work of the North Korean hacking group Lazarus. As a result, attackers were able to gain access to and manipulate the company’s security keys to steal the cryptocurrency. It’s believed that employees inadvertently, or unknowingly, installed the viruses onto their machines. The hackers allegedly emailed employees with malicious files, including the known Mokes and Netwire malware, which grant attackers remote access to infected systems. The $530 million hack that blighted Japanese cryptocurrency exchange Coincheck in January 2018 may have been carried out by Russian hackers.Ī virus thought to be used in the hack has been found on employee computers and is linked to Russian hacker groups, the Asahi Shimbun reports. ![]()
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