Monday December 9, 2019
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Hackers Steal Over 7,000 Bitcoin From Binance

Binance said it would conduct “a thorough security review” encompassing its systems and data during the next week

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Security expert Troy Hunt, who maintains a database of hacked account data, said picking a good password was the "single biggest control" people had over their online security. Pixabay

Hackers stole over 7,000 bitcoin from global cryptocurrency exchange Binance, which provides a platform for trading more than 100 cryptocurrencies.

“Hackers were able to obtain a large number of user API keys, 2FA codes… They used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used. There may also be additional affected accounts that have not been identified yet,” the start-up said in a statement late on Tuesday.

The hackers had the patience to wait, and execute well-orchestrated actions through multiple seemingly independent accounts at the most opportune time.

virtual currencies, bitcoin, investors
Bitcoin is a cryptocurrency and worldwide payment system. Wikimedia Commons

“The transaction is structured in a way that passed our existing security checks. It was unfortunate that we were not able to block this withdrawal before it was executed,” Binance added.

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“Once executed, the withdrawal triggered various alarms in our system. The start-up stopped all withdrawals immediately after that.”

Binance said it would conduct “a thorough security review” encompassing its systems and data during the next week. (IANS)

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Thousands Of Disney+ Accounts Hacked And Up For Sale On Dark Web

Hackers have hijacked thousands of Disney+ accounts and put them up for sale on the Dark Web

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Hacked Disney+ accounts
Hackers have hijacked thousands of Disney+ accounts. Pixabay

As Disney garnered over 10 million subscribers for its online streaming service Disney+ on its first day of operation, reports have surfaced on Monday that hackers have already hijacked thousands of accounts and put them up for sale on the Dark Web.

ZDNet discovered several listings for Disney+ accounts on different underground hacking forums, selling for somewhere between $3 and $5.

The Disney+ launch was marred by technical issues and users reported being unable to stream their favourite movies and shows.

Several users reported losing access to their accounts.

“Many users reported that hackers were accessing their accounts, logging them out of all devices, and then changing the account’s email and password, effectively taking over the account and locking the previous owner out,” said the report on.

Disney was yet to comment.

In some cases, hackers gained access to accounts by using email and password combos leaked at other sites, while in other cases “the Disney+ credentials might have been obtained from users infected with keylogging or info-stealing malware”.

Researchers asked Disney+ to help users by rolling out support for multi-factor authentication and prevent more attacks.

Disney+ accounts sold on dark web
The hijacked Disney+ accounts are up for sale on dark web. Pixabay

On the very first day of release on November 12, Disney+ users collectively spent 1.3 million hours streaming and watching the content available to them on the platform for the first day of release.

As per reports, analysts projected that Disney+ would have anywhere between 10-18 million subscribers in its first year. Disney has signed up more than half of those projected numbers in 24 hours.

The service was launched in the US for $6.99 per month or $69 per year.

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The company has announced the service will be launched in major European markets, including the UK, France, Germany, Italy, Spain and “a number of other countries in the region” on March 31 next year.

Earlier, Disney had said that it expected to spend about $1 billion in 2020 on original content for the platform and $2 billion by 2024. (IANS)