{"id":9750,"date":"2017-12-07T12:48:17","date_gmt":"2017-12-07T20:48:17","guid":{"rendered":"https:\/\/evolvemga.com\/?p=9750"},"modified":"2020-06-11T18:13:28","modified_gmt":"2020-06-12T01:13:28","slug":"nicehash","status":"publish","type":"post","link":"https:\/\/evolvemga.com\/nicehash\/","title":{"rendered":"Hackers steal $64 million from cryptocurrency firm NiceHash"},"content":{"rendered":"[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text]<span id=\"ember1912\" class=\"ember-view\">Cryptocurrency mining marketplace, NiceHash, reported on Wednesday a security breach, resulting in 4,700 BTC being stolen (which equates to $64 million).\u00a0 \u2028 The Slovenian crypto company highlighted that the cyber attack was a result of uneven oversight and faulty security procedures surrounding their payment system.\u00a0 \u2028 <\/span><\/p>\n<p><span id=\"ember1912\" class=\"ember-view\">The latest hack on the cryptocurrency platform comes at a time when not only has bitcoin skyrocketed past $15,000 in market value, but many financial institutions, like <a id=\"ember1915\" class=\"hashtag-link ember-view\" href=\"https:\/\/www.linkedin.com\/search\/results\/content\/?keywords=%23CBOE&amp;origin=HASH_TAG_FROM_FEED\" data-control-name=\"update_hashtag\">#CBOE<\/a>, are looking into launching Bitcoin futures in order to cash in on this digital currency boom. \u2028 According to Reuters, there&#8217;s been at least 3 dozen cyber attacks surrounding <a id=\"ember1918\" class=\"hashtag-link ember-view\" href=\"https:\/\/www.linkedin.com\/search\/results\/content\/?keywords=%23cryptocurrency&amp;origin=HASH_TAG_FROM_FEED\" data-control-name=\"update_hashtag\">#cryptocurrency<\/a> platforms since 2011, most notably Mt. Gox, in 2014.\u00a0 <\/span><\/p>\n<p><span id=\"ember1912\" class=\"ember-view\">These attacks further reiterate the vulnerabilities surrounding lack proper security measures and investor protections of these platforms, which <a id=\"ember1921\" class=\"hashtag-link ember-view\" href=\"https:\/\/www.linkedin.com\/search\/results\/content\/?keywords=%23hackers&amp;origin=HASH_TAG_FROM_FEED\" data-control-name=\"update_hashtag\">#hackers<\/a> target in order to compromise systems. \u2028 <\/span><\/p>\n<p><a id=\"ember1924\" class=\"feed-link feed-base-main-content__mention ember-view\" tabindex=\"0\" href=\"https:\/\/www.linkedin.com\/company\/6624379\/\" data-control-name=\"mention\"><span data-entity-hovercard-id=\"urn:li:fs_miniCompany:6624379\">Evolve MGA<\/span><\/a><span id=\"ember1926\" class=\"ember-view\">&#8216;s cyber policy, EVO 3.0, covers policyholders in the event their cloud data is hacked, lost, or stolen. <a href=\"https:\/\/evolvemga.com\/contact\/\">Contact us <\/a>to learn more about buying a policy before an event happens to your business. \u2028<\/span><\/p>\n<p>Click <a href=\"https:\/\/www.reuters.com\/article\/us-cyber-nicehash\/hackers-steal-64-million-from-cryptocurrency-firm-nicehash-idUSKBN1E10AQ\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>, to read more about this most recent cryptocurrency cyber crime.<\/p>\n<p><span id=\"ember1926\" class=\"ember-view\"><a id=\"ember1929\" class=\"hashtag-link ember-view\" href=\"https:\/\/www.linkedin.com\/search\/results\/content\/?keywords=%23HackerInsurance&amp;origin=HASH_TAG_FROM_FEED\" data-control-name=\"update_hashtag\">#HackerInsurance<\/a> <a id=\"ember1932\" class=\"hashtag-link ember-view\" href=\"https:\/\/www.linkedin.com\/search\/results\/content\/?keywords=%23NiceHash&amp;origin=HASH_TAG_FROM_FEED\" data-control-name=\"update_hashtag\">#NiceHash<\/a> <a id=\"ember1935\" class=\"hashtag-link ember-view\" href=\"https:\/\/www.linkedin.com\/search\/results\/content\/?keywords=%23Reuters&amp;origin=HASH_TAG_FROM_FEED\" data-control-name=\"update_hashtag\">#Reuters<\/a> <a id=\"ember1938\" class=\"hashtag-link ember-view\" href=\"https:\/\/www.linkedin.com\/search\/results\/content\/?keywords=%23EvolveMGA&amp;origin=HASH_TAG_FROM_FEED\" data-control-name=\"update_hashtag\">#EvolveMGA<\/a>\u00a0 <a id=\"ember1941\" class=\"hashtag-link ember-view\" href=\"https:\/\/www.linkedin.com\/search\/results\/content\/?keywords=%23insurance&amp;origin=HASH_TAG_FROM_FEED\" data-control-name=\"update_hashtag\">#insurance<\/a> <a id=\"ember1944\" class=\"hashtag-link ember-view\" href=\"https:\/\/www.linkedin.com\/search\/results\/content\/?keywords=%23cyberinsurance&amp;origin=HASH_TAG_FROM_FEED\" data-control-name=\"update_hashtag\">#cyberinsurance<\/a> <a id=\"ember1947\" class=\"hashtag-link ember-view\" href=\"https:\/\/www.linkedin.com\/search\/results\/content\/?keywords=%23insuranceagent&amp;origin=HASH_TAG_FROM_FEED\" data-control-name=\"update_hashtag\">#insuranceagent<\/a> <a id=\"ember1950\" class=\"hashtag-link ember-view\" href=\"https:\/\/www.linkedin.com\/search\/results\/content\/?keywords=%23bitcoin&amp;origin=HASH_TAG_FROM_FEED\" data-control-name=\"update_hashtag\">#bitcoin<\/a><\/span>[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text]Cryptocurrency mining marketplace, NiceHash, reported on Wednesday a security breach, resulting in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9751,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hackers steal $64 million from cryptocurrency firm NiceHash<\/title>\n<meta name=\"description\" content=\"Cryptocurrency mining marketplace, NiceHash, reported on Wednesday a security breach, resulting in 4,700 BTC being stolen (which equates to $64 million).\" \/>\n<meta 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