Question
An emerging issue (January 14, 2019) was a security breach at Cryptopia (https://www.cryptopia.co.nz) - a cryptocurrency exchange. This is one of many cryptcurrency exchanges that
An emerging issue (January 14, 2019) was a security breach at Cryptopia (https://www.cryptopia.co.nz) - a cryptocurrency exchange. This is one of many cryptcurrency exchanges that have been under attack. For this assignment, explore the security breach from cybercrime and forensic perspective. Your assignment will need to demonstrate an 887-level depth to the event. This includes: Section A 1. Providing a summary of the events leading up to, during, and after the breach (5 pts) 2. Identifying the compromised accounts (2 pts) 3. Investigate using the SANS methodology for IT Forensic investigations. Provide at least a four-sentence over for each of the steps (8 pts) a. https://countuponsecurity.com/2014/08/06/computer-forensicsand-investigation-methodology-8-steps Section B Shortly after this breach, another cryptocurrency exchange collapsed when the other died (https://www.wired.com/story/crypto-exchange-ceo-dies-holding-onlykey/) In fifteen sentences, provide an analysis of the past and current exchange threats. Summarize the breaches. What are the lessons learned? How can these lessons learned be used to create a strategic foresight? PIRL (a cryptocurrency) is building an exchange what security emerging scenarios should they be prepared to handle? (10 points) Section C Two additional threats to Blockchain are 51% attacks and Double-spend attacks. PIRL (https://pirl.io) was susceptible to both. PIRL had a successful attack and lost nearly 2,000,000 of their currency. Provide a ten-sentence overview of the attack and identify other cryptocurrencies that have suffered the same event. (5 pts) In ten-sentences, how have cryptocurrencies attempted to thwart future attacks. Compare multiple approaches since many zero-knowledge, PoW, and Ethereumbased cryptocurrencies have been compromised. (5 pts) In ten-sentences, what are the emerging threats to crypto-currencies? (5 pts)
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