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Bitcoin CEO Web Accounts Hacked

The CEO of Bitcoin, Mark Karpeles has recently been the target of hackers who took control of several of his web accounts. The hackers gained access to Mr Karpeles personal blog and Reddit account in order to gain detailed information about trading activity at Mt Gox.

Mt Gox, the trading exchange of Bitcoin, has recently been in the news for filing for bankruptcy after it was discovered the company had lost “nearly half a billion dollars’ worth of virtual Bitcoins due to a hack on its faulty computer system”.

After hacking Mr Karpeles accounts, they shared their finding (which included a 716MB file and an Excel document) detailing more than one million trades and information about its back-office administration software.

The hackers (who remain anonymous) have been quoted saying “it’s time that Mt Gox got the Bitcoin community’s wrath instead of [the] Bitcoin community getting Goxed.” The phrase ‘Goxed’ has been used to describe the sudden halt in trading Bitcoins that Mt Gox imposed before its final closure.

The number of websites being hacked is constantly on the rise and should be treated as a serious security threat to any company. Many companies are employing Signal Networks to run a vulnerability assessment to map out and simulate any potential attacks that hackers could utilise through the internet or external network.

Signal Networks are one of the few UK based companies to hold an ISO 27001 code of practice for Information Security Management. ISO 27001 is the actual documented standard to which certification is measured. It sets out the requirements for an Information Security Management System (ISMS). An ISMS is a systematic approach to managing the security of sensitive information – encompassing people, processes, IT systems and policy.


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