Theft via Instagram – just promise something “to good to be true”

Social Engineering and Email Cyber Security Training

Nothing complicated about this – a simple scam, abusing people’s trust to net $3m. Send a message, pretend to be someone you are not, provide a malicious link and promise the victim something “free”. Crooks steal NFTs ‘worth $3m’ in Bored Ape Yacht Club heist • The Register It could …

Ronin Network bailed out – FOLLOW UP

Last month we covered the $625m theft from Ronin, using a web3/smart contract, exploit against the decentralised finance service (DeFi). Now the company (and it’s clients) have been bailed out by cash investment by cryptocurrency giant Binance. Ronin Network bailed out by crypto giant Binance after hack – BBC News

The blockchain is not the end of the security process – UPDATED

This post was originally made on 30 March 2022 web3 (with a lowercase “w” of course) and its use of blockchain for better cybersecurity seems like a good idea. However here is another “profitable” cyber-attack on the technology – exploiting the processes to get into the secure systems. Ethereum sidechain …