Cryptocurrency Anti-Phishing Working Group: Crypto Assets Protection?
The APWG Crypto Currency Working Group exists to help cryptocurrency exchanges, wallets, investment funds, and consumers protect their cryptocurrency assets against phishing and targeted attacks. The Cryptocurrency Anti-Phishing Working Group enables cryptocurrency exchanges to submit live phishing information to the APWG eCrime Exchange (eCX) and get that data distributed into web browsers, email clients and other security products in real-time, protecting over 100 million consumers.
The APWG eCrime Exchange enables cryptocurrency providers to have known phishing URLs, domains, IP addresses, and cryptocurrency addresses quickly blocked by the majority of Internet security gateways and filters in the world. With more than 100 million end users, the security of cyber currency exchange is a subject of concern in the crypto space.
What Is Anti-Phishing Working Group?
The APWG Crypto Currency Working Group (APWG CCWG) is a child of the Anti-Phishing Working Group (antiphishing.org – apwg.org), a non-profit organization with more than 2,200 member companies and agencies worldwide dedicated to fighting Internet phishing and fraud. Since 2004, the APWG has hosted electronic crime conferences around the world focused on bringing together security practitioners from e-commerce, payments, banking, security, and law enforcement to solve and prevent crimes against online identity and financial accounts.
Membership in the APWG CCWG includes access to members-only private data exchanges on the eCX to ease collaborative forensic investigation against common criminal adversaries. There are also security and forensics sessions at the APWG eCrime conferences, where cryptocurrency companies can collaborate with the security industry to protect their customers and employees. You can register to become a member of this beneficial community.
History Of APWG
From October 2011, the Anti-Phishing Working Group and its member companies have been tracking phishing and malware attacks against Bitcoin and other cryptocurrencies. Since then, phishing for cryptocurrencies has reached an epidemic proportion. Hundreds of millions of dollars of cryptocurrencies are stolen on a regular basis through attacks against consumer investors, as well as targeted BEC-style attacks against the employees at cryptocurrency companies.
Chronology Of Crypto Currency Attacks
In October 2011 at the APWG eCrime meeting, the correlation between bitcoin exchange hacks and the price of bitcoin was demonstrated. This was three years before the major Mt Gox hack of 2014.
In 2012 at the APWG eCrime meeting in Puerto Rico, the industry reviewed the major hacks in 2012 and the appreciation of the currency. In 2014, the APWG profiled hundreds of Bitcoin exchanges and wallets and examined cybercrime attacks against them.
At the APWG eCrime Conference in 2015 in Barcelona Spain, cryptocurrency crimes were a major subject. The effects of the Mt Gox and Bitstamp hacks were analyzed versus the amazing increase in Bitcoin price in the prior year. It was clear that security vulnerabilities and exchange hacks influence the price of cryptocurrencies directly and in a major way.
10 days later the actual hack happened through an exploit of a recursive call bug. “What Could Go Possibly Go Wrong?” was the title of the presentation on DAO vulnerabilities and risks. It proved to be incredibly discerning.