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Breaking news: Hackers steal Bitcoin funds from Bithumb exchange traders
July 2017 by David Kennerley, director of threat research at Webroot
Following the recent news has broken that Bitcoin funds have been stolen from Bithumb customer accounts, David Kennerley, director of threat research at Webroot, comments:
"The news of this Bithumb hack highlights the fact that employees can still be an
organisation’s weakest link with regards to security. The fact that access appears
to have been initiated by initially compromising an employee’s personal PC is a very
worrying development - highlighting huge failings on so many levels, from an
employee education and training standpoint, all the way to administrative and
technical controls, to monitoring and enforcement.
Such cases emphasise the need for businesses to have clearly defined security
policies and procedures round the use of personal devices for work purposes and the
re-use of passwords - employees should not be using their work passwords for
personal use. While businesses should consider investing in technical security
layers, from threat intelligence solutions, to two factor authentication - which
would surely have helped in this case. Understanding why this hack is only coming to
light now will be one of the first questions customers will wish to have answered
very quickly - as this breach is reported to have occurred in February of this
year."
