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Wednesday, December 17, 2014

Blockchain.info Asking for User Passwords

by Carlo Caraluzzo

Whenever we do any type of business on the internet we receive a warning that our passwords will never be requested in an email. The reason for this is simple: Scammers often pose as legitimate businesses in phishing scams. While requests for passwords are unusual, they are not unknown and sometimes are necessary. Blockchain.info is an excellent example of this and the company has recently requested account passwords from many of its users.
Blockchain.info has been exposed on two different occasions by the white hat hacker Johoe for having abysmal security.  After running scripts that he created, Johoe was able to exploit the systems weaknesses and skim off several hundred BTC. Johoe has since reimbursed Blockchain.info and the company is reimbursing the assets to users that have been affected but apparently because of the company´s policies these reimbursements are running into a snag.

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