09 Mar '13, 6am

DNS Hijack Leads To Bitcoin Heist

First time accepted submitter FearTheFez writes "Social Engineering and poor DNS Security lead to a Bitcoin heist worth about $12000 . Bitcoin broker Bitinstant was robbed after thieves managed to take over ownership of their domains. While Bitinstant claims that no customers lost any money, without 2 factor authentication all it took was a place of birth and a mothers maiden name to gain access. This looks like poor security from everyone involved."

Full article: http://it.slashdot.org/story/13/03/09/0234252/dns-hijack-...

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