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Promon security researchers have uncovered a vulnerability that could allow cybercriminals to access private data on any Android phone.

500 most popular apps are at risk

On Dec. 2, the Norwegian app security firm Promon revealed the discovery of a dangerous Android vulnerability called StrandHogg, which has reportedly infected all versions of Android and has put the top 500 most popular apps at risk. Promon CTO Tom Lysemose Hansen commented:

“We have tangible proof that attackers are exploiting StrandHogg in order to steal confidential information. The potential impact of this could be unprecedented in terms of scale and the amount of damage caused because most apps are vulnerable by default and all Android versions are affected.”

How does StrandHogg work?

StrandHogg poses as any other app on the infected device and tricks users into believing that they are using a legitimate app. The vulnerability then allows malicious apps to phish users’ credentials by displaying a malicious and fake version of a login screen. The report reads:

“When the victim inputs their login credentials within this interface, sensitive details are immediately sent to the attacker, who can then login to, and control, security-sensitive apps.”

Aside from stealing personal information like crypto wallet login credentials, StrandHogg can also reportedly listen to the user through their microphone, read and send text messages, and access all private photos and files on the device, among other nefarious exploits.

The Promon researchers further pointed out that they have disclosed their findings to Google last Summer. However, while Google did remove the affected apps, it does not appear as if the vulnerability has been fixed for any version of Android.

Criminals use YouTube to install cryptojacking malware

In November, the Slovakian software security firm Eset uncovered that cyber criminals behind the Stantinko botnet have been distributing a Monero (XMR) cryptocurrency mining module via Youtube. The major antivirus software supplier reported that the Stantinko botnet operators had expanded their criminal reach from click fraud, ad injection, social network fraud and password stealing attacks, into installing crypto mining malware on victims’ devices using Youtube.

Cointelegraph By Joeri Cant , 2019-12-03 23:38:00 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

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