{"id":164,"date":"2019-03-11T23:22:25","date_gmt":"2019-03-11T21:22:25","guid":{"rendered":"https:\/\/www.mozdomains.com\/blog\/en\/?p=164"},"modified":"2020-05-31T01:44:37","modified_gmt":"2020-05-30T23:44:37","slug":"coinrail-cryptocurrency-exchange-website-hacked","status":"publish","type":"post","link":"https:\/\/www.mozdomains.co.mz\/blog\/en\/website-security\/coinrail-cryptocurrency-exchange-website-hacked\/","title":{"rendered":"Coinrail Cryptocurrency Exchange Website Hacked"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Cryptocurrency: The New Bull\u2019s Eye for Cybercriminals<\/strong><\/p>\n<p style=\"text-align: justify;\">Coinrail, a virtual currency exchange in South Korea, announced on Monday June 11th, it was hit by a \u201ccyber intrusion\u201d causing a massive loss of 30% of its digital currency.<\/p>\n<p style=\"text-align: justify;\">News of this cyberattack lead to a market prices plunging for cryptocurrencies worldwide.<\/p>\n<p style=\"text-align: justify;\">More than $30 billion in cryptocurrency was wiped out in 7 hours of trading (some reports estimating $37 billion).<\/p>\n<p style=\"text-align: justify;\">Bitcoin was especially hard hit\u2014trading at about $6,790 by early Monday afternoon.<\/p>\n<p style=\"text-align: justify;\">This is over 10% lower than Friday\u2019s price and a staggering 66% lower than its December 2017\u2019s skyscraper-high of $19,783.<\/p>\n<p style=\"text-align: justify;\">Nevertheless, the current market cap for cryptocurrencies is projected to surpass $1 trillion dollars this year.<\/p>\n<p style=\"text-align: justify;\">Another popular crypto-related attack that\u2019s quickly rising is cryptojacking.<\/p>\n<p style=\"text-align: justify;\">Cryptojackers infect websites and infiltrate computers to secretly mine cryptocurrencies.<\/p>\n<p style=\"text-align: justify;\">Malicious code is automatically executed, starts immediately, requires no download, and is completely unnoticeable.<\/p>\n<p style=\"text-align: justify;\">These attacks are a major threat in the rapidly-evolving cybersecurity landscape.<\/p>\n<p style=\"text-align: justify;\">Website security can provide early detection, immediate remediation, and proactive protection.<\/p>\n<p style=\"text-align: justify;\">cWatch Web continuously monitors and protects along with 6 layers of technology, human intelligence, and a team of cybersecurity analysts.<br \/>\nIt\u2019s both a solution and a check tool to help you combat advanced threats by:<br \/>\n\u2022 Reducing Time<br \/>\ncWatch is an easily-deployed, proactive solution that ensures the\u00a0protection of your website\u00a0against all threats.<br \/>\n\u2022 Reducing Cost<br \/>\ncWatch Web prevents you from the potential costs and consequences of malware attacks \u2013 at an extremely affordable price point.<br \/>\n\u2022 Reducing Risk<br \/>\nThe most effective solutions are proactive versus reactive.<\/p>\n<p><iframe loading=\"lazy\" title=\"Billions Lost in Cryptocurrency Hack | Comodo News\" width=\"1290\" height=\"726\" src=\"https:\/\/www.youtube.com\/embed\/_FkF7Ve7VKQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency: The New Bull\u2019s Eye for Cybercriminals Coinrail, a virtual currency exchange in South Korea, announced on Monday June 11th, it was hit by a \u201ccyber intrusion\u201d causing a massive loss of 30% of its digital currency. News of this cyberattack lead to a market prices plunging for cryptocurrencies worldwide. More than $30 billion in cryptocurrency was wiped out in 7 hours of trading (some reports estimating $37 billion). Bitcoin was especially hard hit\u2014trading at about $6,790 by early Monday afternoon. This is over 10% lower than Friday\u2019s price and a staggering 66% lower than its December 2017\u2019s skyscraper-high of\u2026<\/p>\n","protected":false},"author":3,"featured_media":166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-website-security"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":5}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Coinrail Cryptocurrency Exchange Website Hacked - MozDomains Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mozdomains.co.mz\/blog\/en\/website-security\/coinrail-cryptocurrency-exchange-website-hacked\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinrail Cryptocurrency Exchange Website Hacked - MozDomains Blog\" \/>\n<meta property=\"og:description\" content=\"Cryptocurrency: The New Bull\u2019s Eye for Cybercriminals Coinrail, a virtual currency exchange in South Korea, announced on Monday June 11th, it was hit by a \u201ccyber intrusion\u201d causing a massive loss of 30% of its digital currency. News of this cyberattack lead to a market prices plunging for cryptocurrencies worldwide. More than $30 billion in cryptocurrency was wiped out in 7 hours of trading (some reports estimating $37 billion). Bitcoin was especially hard hit\u2014trading at about $6,790 by early Monday afternoon. 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