The need for thieves to steal money protected by private keys stored by wallets

• Accessing or copying wallet data files.
• Knowledge of the passphrases (or pins, etc.) used to encrypt the keys of these files.

However, if someone is tricked by a scammer, it is certainly possible that the victim has been tricked into allowing the scammer to access the computer by installing the software they suggested, perhaps by giving screen sharing access to someone they thought was a helper. Their computers may have backdoor access and/or keyloggers installed.

It would be wise to assume the worst case scenario. Create a new wallet with a new key with a new key from an existing computer. I create an on-chain transaction to move money into that clean environment.

An associate banker at a large national bank is accused of stealing hundreds of thousands of dollars from customers in a span of just two months.

According to the Northern District of California’s U.S. Attorney’s Office, Sixto Christopher Porras allegedly stole approximately $440,000 from two retail bank customers while stationed in San Francisco.

In each of the cases, Porras managed to drain the bank accounts using the customer’s existing debit cards or replacements.

The first incident occurred in August of 2023 after a customer walked into the bank to conduct a wire transfer, according to the Northern District of California’s U.S. Attorney’s Office.

“As the transfer was processed, Porras obtained from the customer the security personal identification number associated with the customer’s debit card. Unbeknownst to the customer, Porras kept the customer’s debit card. Porras allegedly proceeded to use the debit card to embezzle approximately $100,000 from the customer’s account.”

The second incident took place about a month later.

“In or about September 2023, another retail bank customer visited the branch to address a fraudulent charge. As Porras assisted the customer, he obtained the security PIN associated with the customer’s debit card. Porras then caused the customer’s debit card to be reissued and sent to Porras’ San Francisco residence. Porras allegedly proceeded to use the debit card to embezzle approximately $340,000 from the customer’s accounts.”

Porras, who currently no longer works with the unnamed bank, is now facing charges of embezzlement of bank funds and access device fraud. For the embezzlement charge, Porras could get a maximum of up to 30 years in prison and a $1 million fine if convicted. The access device fraud charge carries a maximum of 15 years in prison and a $250,000 fine if convicted.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A major cybersecurity incident has exposed sensitive personal, medical and financial records of more than half a million Americans.

In a data breach notification, the Office of the Maine Attorney General says the California-based non-profit organization NorthBay Healthcare Corporation experienced an external system breach affecting 569,012 Americans.

In a notice sent to affected people, NorthBay Health says an unauthorized entity gained access to the firm’s computer systems between January 11th, 2024 and April 1st of the same year.

The firm also says that an internal investigation revealed that the data breach exposed the records of individuals including names, birthdays, Social Security numbers, passport numbers, financial account numbers, medical information, biometric information, health insurance information, driver’s license numbers and state or other government-issued identification numbers.

The hackers also siphoned highly sensitive data including usernames and passwords, credit or debit card numbers, expiration dates, security codes and personal identification numbers (PINs).

NorthBay Health says it has revamped its security protocols to prevent witnessing similar data breaches in the future. The firm is also recommending that impacted customers keep a close watch on their credit reports and account statements, offering a free one-year membership to Experian IdentityWorks.

“If you detect any suspicious activity on an account, you should promptly notify the financial institution or company with which the account is maintained.”

NorthBay Health says that it has so far not detected any misuse of its customer data for fraud or identity theft.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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