Microsoft Outlook email users got their emails hacked in a successful attempt to steal crypto including bitcoin. The hackers got a hold of the users’ accounts and the initially reported losses in the coming altcoin news, seem to be expanding further.
Jevon Ritmeester, a Dutch engineer, says that the hackers gained access to the Microsoft Outlook accounts via the login credentials of the customer support workers. The hacker later used the information to go over Ritmeester’s emails and managed to reset the passwords and get all of the bitcoin savings from his accounts on multiple crypto exchanges. The engineer is now furious of how Microsoft handled the hack attack calling them negligent. So far, he lost about $5,200. Ritmeester wrote:
“The hackers also had access to my inbox, allowing them to password-reset my Kraken account and withdrawal [sic] my bitcoin.’’
The Dutch engineer explained that the hackers followed a forwarding protocol so each time one of his emails had the word ‘’Kraken’’ in it, the Microsoft Outlook would automatically forward that particular email to a secretive Gmail account which belonged to the hackers. He also made clear that he will not be able to recover his stolen bitcoin ever.
Other victims of the Microsoft Outlook scandal shared similar experiences. For example, Shinratechlabs, a Reddit user, pointed out that he lost about ‘’25,000 in crypto as a result of the data breach but didn’t explain further. He also says that he is angry about how easy it was for the hackers to gain control over the Microsoft accounts. He wrote:
“Lost 25,000 in crypto. Hackers didn’t have my credentials. They just had access to the content of my emails. Didn’t need passwords. Just put in password change requests. Verified the email confirmation links. Any confirmation they needed they had access to.”
As the latest cryptocurrency news writes, the victims are outraged of getting their crypto stolen and are even madder of how Microsoft managed the entire scandal. During the Microsoft Outlook emails breach, the company made clear that only the metadata and customer information was affected and nothing more. Jevon Ritmeester says he will file a police report and will hold Microsoft accountable.
Dutch Crypto Scammer Steals $2.2M In BTC Mining Fraud
Firefox Quantum Browser Adopts New Anti Cryptojacking Features
"Today’s new Firefox release continues to bring fast and private together right at the crossroads of performance and security. It includes improvements that continue to keep Firefox fast while giving you more control and assurance through new features that your personal information is safe while you’re online with us," the Firefox Quantum release notes.Previously, Mozilla warned its audience that websites can deploy scripts that may launch a crypto miner on any user's machine - even without them being aware. This practice is known as cryptojacking in the world of cryptocurrency. In order to combat these practices, the Firefox Quantum was developed as a product of partnership between Mozilla and the online privacy company Disconnect. The crypto mining blocker was created to block people on their browser. As of now, users can toggle an opt-in feature that would block would-be cryptojackers from taking advantage of spare computing power and mining cryptocurrencies. Users can take a look and see how much faster Firefox is today at the following video, which went viral on many best cryptocurrency news sites because of the anti-cryptojacking features. https://www.youtube.com/watch?v=NzqJ09_cn28 In August 2018, Firefox featured cryptojacking protection - to later update them in its Nightly 68 and Beta 67 versions which emerged this April, just before the launch of the Firefox Quantum browser. The open-source Quantum also aims to mitigate the practices of so-called "fingerprinting" which makes a sort of a digital fingerprint of a user that is employed in order to monitor their activities on the Internet. In another report published in the altcoin news on April 23 by the cybersecurity company MalwareBytes, cryptojacking was called "essentially extinct" and:
“Marked by the popular drive-by mining company CoinHive shutting down operations in early March, consumer cryptomining seems to have gone the way of the dodo. Detections of consumer-focused bitcoin miners have dropped significantly over the last year and even from last quarter, while business-focused miners have increased from the previous quarter, especially in the APAC region.”So, the steps that Mozilla took in its Firefox Quantum definitely ramp up the browsing experience from a crypto perspective.
Crypto And Forex Scams Got Away With $34 Million In 2018: UK Report
“Scammers can be very convincing so always do your own research into any firm you are considering investing with, to make sure that they are the real deal.”The report is a viral topic in the latest cryptocurrency news - mostly because the FCA stated that scammers use social media to find potential investors. According to the regulator, crypto and forex scams like these often use pictures of celebrities with fake endorsements alongside images of luxury goods such as cars and watches. In 2018, the initial coin offering (ICOs) advisory firm Statis Group released a study in which it found that more than 80% of ICOs in 2017 were scams. The associated losses for that year, as the study showed, totaled around $1.34 billion. In the latest altcoin news, we can also see that new evidence surfaced, suggesting that purported Bitcoin (BTC) exchange Goxtrade is a Bitcoin scam. As the evidence shows, Goxtrade reportedly used the real names and photos of unaffiliated parties including the blockchain figure Amber Baldet to fill their website staff page and its absent from the UK's registry of companies and businesses. All in all, the number of crypto and forex scams is increasing and there must be certain regulation to prevent these billions which are lost on a yearly basis.
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