Employees of GoDaddy have been used to attack multiple cryptocurrency services. Past few weeks fraudsters have been redirecting mails and web traffic used for trading platforms. Altogether the attack was to target the GoDaddy employees.

GoDaddy, a core domain hosting service provider, lost its control of some significant data stored with the company to some malevolent character. This scam was then blamed on the employees of GoDaddy. The data lost to the hands of other people is approximately half a dozen. This gave the malicious character the opportunity to attack by way of changing DNS records and some electronic mail accounts.

Cryptocurrency mining service, Nicehash unfolded that domain registration setting has been changed with no authorization. Even the emails and web traffic were redirected. Customer funds were seized until 24 hours and verified about the settings made to default and reset.

Matjaž Škorjanc, founder of Nicehash told about the unauthorized access of attackers on the emails password change. Due to outrage, GoDaddy was not able to reach as a result email and phones were not responding.

No damage to the company as all the data was saved. Ummidwar mitigation was followed and hence nothing was stolen by attackers. The service was then handed over to an email platform Name cheap Inc, turned out private mail.com

Unlike this case too, quite a number of other cryptocurrency platforms may have been attacked by the malicious character such as Celsius. Network, Bibox.com, and Wirex. app.

GoDaddy said that it was a technical disorder and not related to security issues. The limited number of employees were stuck inside the scam so the customer domain name has been modified

The FBI and the Cybersecurity and Infrastructure Security Agency (CISA) have suggested some advisory rules for all the companies to mitigate the cyber crimes and threats of vishing acts.

Crypto Business World

CBW - External Analyst

INDIA