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GoDaddy hacked – Hackers access data of 1.2 million customers – HackRead

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Tagsbreach, Data, GoDaddy, hacking, Hosting, security, Vulnerability, WordPress
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The Scottsdale, Arizona-based web registrar and hosting firm GoDaddy has disclosed that it suffered a data breach in which the personal details plus login  of up to 1.2 million active and inactive customers were accessed by an “unauthorized third party.”
The world’s leading domain name registering platform, GoDaddy, boasts of more than 20 million customers, which makes cyberattack on this organization a high-profile feat.
In a letter to the Securities and Exchange Commission (“SEC”) on November 22nd, the company revealed that it discovered unauthorized third-party access to its active and inactive Managed WordPress hosting environment on November 17th.
After a detailed analysis, it identified that the breach allowed the unauthorized third party to access the following information:

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Although it is unclear whether the stolen passwords were in plain-text format or in a format that can be easily cracked into plain-text, the company has already reset the passwords. Those who are yet to change their passwords are being urged to do so right now.
According to the letter, GoDaddy believes that originally, the data breach took place on September 6th, 2021. However, it was only discovered on November 17th.
Using a compromised password, an unauthorized third party accessed the provisioning system in our legacy code base for Managed WordPress. Upon identifying this incident, we immediately blocked the unauthorized third party from our system, GoDaddy said.
Demetrius Comes, Chief Information Security Officer at GoDaddy said that the company has reset passwords for WordPress Admin, sFTP, and database. Yet, customers should watch out for phishing scams as hackers may attempt to take advantage of the situation for further attacks.
Comes also apologized to the affected customers and said that investigation is ongoing with the help of an IT forensics firm and contacted law enforcement. 

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This is not the first time when GoDaddy has suffered a data breach or put the personal data of its customers at risk. In 2018, a misconfigured Amazon S3 bucket owned by the company exposed sensitive data on 31,000 GoDaddy servers.
In April 2020, a hacker defaced the Escrow.com domain by hacking into the account of one of GoDaddy’s employees. The employee fell for a phishing scam after which stolen login credentials were used to conduct DNS spoofing against the Escrow domain.
In May 2020, GoDaddy announced another data breach in which an unknown number of web hosting account credentials were affected when hackers managed to access their SSH accounts. For your information, SSH also known as Secure Shell is a cryptographic network protocol for operating network services securely over an unsecured network.
In November 2020, GoDaddy admitted that hackers tricked its employees into obtaining access to their customer accounts and exploited them in attacks against two cryptocurrency firms, namely NiceHash and Liquid.
In their statements, both services stated that the attackers breached their internal systems after obtaining control of their accounts through tricking GoDaddy employees.

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While discussing the latest cyber attack on GoDaddy, Geoff Bibby, CMO of Zix | AppRiver said that “Unfortunately, the data breach that has impacted GoDaddy is becoming a common occurrence for many companies.”
“Organizations that handle massive amounts of customer data are increasingly being targeted by cybercriminals hoping to access the incredibly sensitive and valuable information they possess,” said Geoff.
“To prevent a data breach like this, organizations need to implement two-factor authentication (2FA), which provides an extra layer of security by making users confirm their identity and leverage end-to-end email encryption for any messages containing confidential or personally identifiable information, Geoff suggested.”
Geoff advised that GoDaddy should also encourage customers to implement 2FA themselves and never reuse the same password on different services because if the service is compromised, attackers will try that same password for others.

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Waqas
I am a UK-based cybersecurity journalist with a passion for covering the latest happenings in cyber security and tech world. I am also into gaming, reading and investigative journalism


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Explained: India's first crypto index and what it means for investors in India – Times of India

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Intel, Block Supporting Mining a Positive for Bitcoin’s Price: Analyst – CoinDesk

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Large tech companies such as Intel and Block (previously Square) delving into making mining more efficient and accessible is likely to help the price of bitcoin by encouraging mass adoption, said an analyst for U.K-based digital asset broker GlobalBlock.
Intel, one of the world’s largest chip makers, said on Jan. 18 it will unveil an “ultra low-voltage bitcoin mining ASIC” which will be a more efficient specialized mining computer, competing with current miners that are in the market. “The fact that a $200+ billion tech firm is providing solutions for Bitcoin mining is more confirmation of big players entering the crypto space,” said GlobalBlock’s analyst Marcus Sotiriou.
The chipmaker said its new miner will reduce power consumption by about 15%, Sotiriou said, adding that such an increase in efficiency will help more institutional investors to enter the sector as ESG (environmental, social and governance) is one of their key investment priorities. If such a scenario plays out, it will likely help support bitcoin’s price.
Read more: How Bitcoin Mining Works
Crypto miner Griid Infrastructure, which is going public via a merger with special purpose acquisition company Adit EdTech Acquisition Corp., has already signed a supply agreement with Intel to potentially buy the chip maker’s new ASIC miners, according to a filing.
Meanwhile, payments giant Block said on Jan. 13 that it’s going ahead with its plan to build an open-source bitcoin mining system to make “mining more distributed and efficient.” If this feature is integrated with Cash App, it might increase the use of bitcoin to pay for goods and services by its users, furthering bitcoin adoption by the masses, Sotiriou noted.
“If successful, this will dramatically increase bitcoin’s use case as a means of exchange, rather than just a store of value – this would result in significantly more adoption and hence help bitcoin reach price figures of over $100,000,” he said.
Bitcoin is now trading near $42,000 since reaching its all-time high of just under $69,000 in November. The stocks of some miners, which are highly leveraged to the price of the crypto currency they mine, have tumbled more than 50% since their peak.
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Aoyon Ashraf
Aoyon Ashraf is crypto mining reporter with more than a decade of experience in covering equity markets
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
@2021 CoinDesk

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Dogecoin value 2022: Why did Elon Musk make the cryptocurrency's value rise? – Marca English

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Dogecoin’s value increased by 5,859% over the past 12 months
Dogecoin rose to $0.20 – a 15% increase in value – after billionaire Elon Musk announced Tesla would accept the cryptocurrency for purchasing merchandise.
The cryptocoin with the shiba inu dog meme originally started as a joke, but Musk’s various tweets about it have helped Dogecoin increase by 5,859% over the past 12 months, according to Coinbase. Tesla’s website started accepting Dogecoin soon after, with items such as an electric quad bike for kids priced at 12,020 doge ($2,368), the “Giga Texas Belt Buckle” for 835 doge ($156), and a whistle for 300 doge ($57).
This is just one of many tweets by Musk regarding Dogecoin, the first one coming December 20, 2020 when he tweeted, “One Word: Doge.” Shortly after his tweet, the value of Dogecoin rose by 20%.
Musk followed that post with a barrage of Dogecoin-related tweets in February 2021, including, “Dogecoin is the people’s crypto,” and “no highs, no lows, only Doge”. After these tweets, Dogecoin’s value soared by roughly 40%.
After a full year of showing support for Dogecoin, on December 14 Musk said Tesla would accept the cryptocoin to pay for merch. Dogecoin spiked more than 20% after his tweet.
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