1295 Bitcoins stolen by hackers by breaking into BIPS

A group of hackers cracked Denmark BIPS accounts and stole 1,295 Bitcoins – more than a million dollars in equal. An incident outraged many of Bitcoins owners; they blamed BIPS’ leadership of carelessness and frivolity.

One of suffers who said he’s lost 90 bitcoins has created an online forum to let others sign up for possible legal action against BIPS.

The website made a statement that “BIPS will temporarily close down the wallet initiative to focus on real-time merchant processing business which does not include storing of Bitcoins”.

BIPS founder and CEO Kris Henrikson explained the situation at bitcointalk.org forums.
“On Nov. 15th BIPS was the target of a massive distributed denial-of-service (DDoS) attack, which is now believed to have been the initial preparation for a subsequent attack on Nov. 17th that overloaded our managed switches and disconnected the iSCSI connection to the SAN on BIPS servers”.

“Regrettably, despite several layers of protection, the attack caused vulnerability to the system, which has then enabled the attacker/s to gain access and compromise several wallets.” – he added.

Affected individuals will be contacted – no matter how many Bitcoins were stored in their wallets – and merchants will be contacted too if automatic conversion of Bitcoin was not enabled, – Henrikson reassured Bit users.

It is third big theft for this month. Another $1.4 million concerned an online wallet service known as Inputs.io. And $4 million stolen from Chinese exchange.

FBI Cyber Division put 'Syrian Electronic Army' Hackers in wanted list

 

The Syrian Electronic Army (SEA), a pro-regime hacker group that emerged during Syrian anti-government protests in 2011, and involved in cyber attacks against western media organizations are now in the FBI's wanted list.

The Federal Bureau of Investigation has issued an alert warning of cyber attacks by the Syrian Electronic Army and finally put them on its radar. "The SEA'S primary capabilities include spear-phishing, web defacements, and hijacking social media accounts to spread propaganda." they said. The FBI also has increased its surveillance of Syrians living in the US.

According to some anti-Assad activists, the group was founded by former intelligence agents and hardcore Assad supporters. SEA had compromised social media profiles for Western news organizations by sending fake email messages to news staff in an attempt to gain access to login credentials.

 

Most recently, the group grabbed international attention after commandeering the websites of the New York Times, Washington Post and this week the recruitment website for the US Marine Corps.

The group's was able to compromise the multiple Associated Press (AP) Twitter feeds, then using them to issue bogus messages, including the following alert on April 23 i.e. "Breaking: Two Explosions in the White House and Barack Obama is injured." In the wake of that tweet, the White House confirmed that the president was unharmed, that there had been no explosions and that the FBI was investigating the hoax tweets.

So how did the SEA get better in only a few months? ''I don't think it would be unreasonable to suspect someone more skilled is helping them out,'' says Adam Myers, vice president of intelligence for security firm CrowdStrike.

Is the Syrian Electronic Army based in Syria? After Syria reestablished its Internet connection last week, following a blackout that lasted approximately 24 hours. Security Experts noticed that Syrian Electronic Army Hackers were online on twitter. These kinds of cuts do not affect the terrorists operating in Syria as they have their own US-supplied communication equipment.

The Syrian Electronic Army has multiple domains seized by its domain registration firm. Interestingly, The Syrian Electronic Army's first domain name was registered by the Syrian Computer Society, hosted on the network of the Syrian government.

“Please maintain heightened awareness of your network traffic and take appropriate steps to maintain your network security,” the FBI memo said. FBI request anyone who suspects they're under attack to call its CyWatch division at 855-292-3937.