SafeWallet releases Bybit hack post-mortem report

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The developer of SafeWallet has released a post-mortem report detailing the cybersecurity exploit that led to the $1.4 billion hack against Bybit in February.

According to a forensic analysis conducted by SafeWallet and cybersecurity firm Mandiant, the hacking group hijacked a Safe developer’s Amazon Web Services (AWS) session tokens to bypass the multifactor authentication security measures put in place by the firm.

SafeWallet’s AWS settings required team members to reauthenticate their AWS session tokens every 12 hours, which prompted the hacking…



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SafeWallet releases Bybit hack post-mortem report


The developer of SafeWallet has released a post-mortem report detailing the cybersecurity exploit that led to the $1.4 billion hack against Bybit in February.

According to a forensic analysis conducted by SafeWallet and cybersecurity firm Mandiant, the hacking group hijacked a Safe developer’s Amazon Web Services (AWS) session tokens to bypass the multifactor authentication security measures put in place by the firm.

SafeWallet’s AWS settings required team members to reauthenticate their AWS session tokens every 12 hours, which prompted the hacking…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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