You are here: Home » Companies » News
Business Standard

GoDaddy employees used in multiple crypto service attacks in a week

Fraudsters have used employees at Internet names and registrations management major GoDaddy to attack multiple cryptocurrency services over the past one week, said a report.

Topics
GoDaddy | Cryptocurrency fraud

IANS  |  San Francisco 

Cryptocurrency

Fraudsters have used employees at Internet names and registrations management major to attack multiple cryptocurrency services over the past one week, said a report.

While acknowledged that "limited" number of employees fell for a social engineering scam, the company did not reveal how the employees were tricked by the fraudsters to make the unauthorised changes required for the attacks, KrebsOnSecurity reported on Saturday.

The attacks led to modifications of "a small number" of customer domain names, according to GoDaddy spokesperson Dan Race who said that the incident was still under investigation, the report noted.

The use of GoDaddy employees in the attacks came to light after cryptocurrency trading platform liquid.com last week reported a security incident that occurred on November 13.

"A domain hosting provider 'GoDaddy' that manages one of our core domain names incorrectly transferred control of the account and domain to a malicious actor," Liquid CEO Mike Kayamori said in a blog post.

"This gave the actor the ability to change DNS records and in turn, take control of a number of internal email accounts. In due course, the malicious actor was able to partially compromise our infrastructure, and gain access to document storage."

Liquid said that the malicious actor might have been able to obtain personal information from its user database. This may include data such as email, name, address and encrypted password.

"After detecting the intruder we intercepted and contained the attack," Kayamori said.

Several other cryptocurrency services subsequently targeted by the fraudsters, according to the KrebsOnSecurity report.

This type of "social engineering" are becoming increasingly common. Earlier this year, Twitter revealed a massive cryptocurrency hack that compromised several high-profile accounts.

Twitter said that the "social engineering" that occurred on July 15 targeted a small number of employees through a phone spear phishing attack.

--IANS

gb/rs/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, November 22 2020. 15:40 IST
RECOMMENDED FOR YOU
.