One poor security choice results in $250,000 Bitcoin heist

One poor security choice results in $250,000 Bitcoin heist | Cyber crime - InfoWorld

infoworld.com 06 Sep '12, 8pm

One poor security choice results in $250,000 Bitcoin heist

Bitcoin exchange Bitfloor reportedly suffered a virtual heist of 24,000 BTCs, worth a cool quarter-million U.S. dollars. The incident not only raises questions about the long-term viability of the digital currency but also highlights how seemingly minor lapses in IT security judgment can have devastating implications. For the uninitiated, Bitcoins are a form of virtual currency that's been around since 2009. They have zero government backing; rather, they're backed by the continued actions of the computing power within the Bitcoin network. Investors can acquire them as payment or purchase them through exchanges such as Bitfloor, which is the largest of its kind in the United States and the fourth largest on the planet. In a thread on the Bitcoin Forum, Bitfloor founder Roman Shtylman posted that an attacker had compromised a few of the exchange's servers and gained access ...

Full article: http://www.infoworld.com/t/cyber-crime/one-poor-security-...

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@4LTRPress_MIS » 13 Sep '12, 12pm
One poor security choice results in $250,000 Bitcoin heist. Security issues and measures are discussed in chapter 5. [link]
@ThatCrazyRen » 10 Sep '12, 7pm
One poor security choice results in $250000 Bitcoin heist - InfoWorld: Bitfloor operator admits to leaving unenc... [link]
@Biscominc » 07 Sep '12, 2pm
Bitfloor operator admits to leaving unencrypted wallet keys laying around, leading to theft of 24,000 Bitcoins [link]
@Minitran » 07 Sep '12, 10am
One poor security choice results in $250,000 Bitcoin heist | Cyber crime - InfoWorld [link]
@foolomon » 07 Sep '12, 3am
In case anyone's thinking of going strictly with Bitcoins... [link]
@lazylizard3 » 06 Sep '12, 9pm
One poor security choice results i... [link]
@whitehatsec » 06 Sep '12, 8pm
RT @tsamson_IW: One poor security choice results in $250,000 #Bitcoin heist #bitfloor [link] via @infoworld
@tsamson_IW » 06 Sep '12, 8pm
One poor security choice results in $250,000 #Bitcoin heist #bitfloor [link] via @infoworld
@EG0CENTRIX » 06 Sep '12, 8pm
One poor security choice results in $250,000 Bitcoin heist: Bitcoin exchange Bitfloor reportedly ... [link] #techheadlines
@Techno_Jon » 06 Sep '12, 8pm
✪ One poor security choice results in $250,000 Bitcoin heist: Bitcoin exchange Bitfloor reportedly suffered a vi... [link]
@HaskellTech » 06 Sep '12, 8pm
One poor security choice results in $250,000 Bitcoin heist: Bitcoin exchange Bitfloor reportedly suffered a virt... [link]
@JoeKlemmer » 07 Sep '12, 11am
One poor security choice results in $250,000 Bitcoin heist [link] via @infoworld
@neilstinchcombe » 07 Sep '12, 8am
One poor security choice results in $250,000 Bitcoin heist [link]
@CUSecTech » 06 Sep '12, 9pm
One poor security choice results in $250,000 Bitcoin heist: Bitcoin exchange Bitfloor reportedly suffered a virt... [link]
@Aprosolutions » 06 Sep '12, 8pm
RT @tsamson_IW: One poor security choice results in $250,000 #Bitcoin heist #bitfloor [link] via @infoworld
@TheNewsSpot » 06 Sep '12, 8pm
One poor security choice results in $250,000 Bitcoin heist: Bitcoin exchange Bitfloor reportedly suffered a virt... [link]
@maldicore » 06 Sep '12, 8pm
One poor security choice results in $250,000 Bitcoin heist [link]
@EG0MEDIA » 06 Sep '12, 8pm
One poor security choice results in $250,000 Bitcoin heist [link]
@AchevX_News » 06 Sep '12, 8pm
One poor security choice results in $250,000 Bitcoin heist: Bitcoin exchange Bitfloor reportedly suffered a virt... [link]