Mind your wallet: why the underworld loves bitcoin - DAWN.COM

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Raj Samani, Chief Scientist and Fellow at McAfee, said the spike in the value of Bitcoin at the end of 2017 promoted many cyber attackers to extend their activities into the hijacking of crypto wallets. “This is a text book example of the risks involving cryptocurrency – as safe as users may think they are from becoming About. Raj Samani is a computer security expert working as the Chief Scientist, and McAfee Fellow for cybersecurity firm McAfee. Raj has assisted multiple law enforcement agencies in cybercrime cases, and is special advisor to the European Cybercrime Centre (EC3) in The Hague. Bitcoin includes a multi-signature feature that allows a transaction to require the signature of more than one private key to be spent. It is currently only usable for technical users but a greater availability for this feature can be expected in the future. Raj Samani is the EMEA CTO of McAfee. Image source. Share this story "The attacks on the exchanges did not in themselves indicate any particular weakness of bitcoin per se, but rather exploiting vulnerabilities within the exchanges," says Raj Samani of Intel Corp's ... (The exchange value of Bitcoin is related in part to the volume available for trading and the availability of peers to process the transactions.) Outages may be brief, but they have immediate consequences as peer discovery from “good” to “bad” nodes depends fundamentally on the availability of good nodes. ... Raj Samani is Chief ...

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