Re:Crypto.com accounts had unauthorized withdrawals
by gitfan86 on Thursday January 20, 2022 @11:06AM
(#30010665)
People generally don't understand how vast the difference is. The pro crypto narrative has pushed the idea that "Blockchain is more secure" because "it cannot be edited" when in reality that feature makes it much more of a target for attackers because once they transfer the coins the transfer cannot be edited. In comparison if an attacker gets a credit card that card could be disabled and or have transactions cancelled.
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Re:Crypto.com accounts had unauthorized withdrawals
by kyboren on Thursday January 20, 2022 @01:09PM
(#30012419)
> In comparison if an attacker gets a credit card that card could be disabled and or have transactions cancelled.
That's why attackers never go after credit card numbers, right?
I think non-revertible payments do not really make a big difference to attackers, it just makes value extraction more efficient. Some percentage of fraudulent transactions will always make it through. So long as the funds accessible to the attacker are sufficiently large, it's still a juicy target. 10% of 200 megadollars is still 20 megadollars.
I agree with @capableweb2. They're an attractive target because they are a financial company with control over lots of value, not because of anything to do with cryptocurrencies in particular.
Re:Crypto.com accounts had unauthorized withdrawals
by KeAShizukuTio on Thursday January 20, 2022 @02:28PM
(#30013521)
No they go after crypto bros because hacking banks is actually hard unlike these shady clowns based in Dubai or whatever.