Bitcoin Exchange Has Been Forced to Close After Second Cyber-Attack

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Bitcoin Exchange Has Been Forced to Close After Second Cyber-Attack

A South Korean Bitcoin exchange has been forced to close after suffering another major cyber-attack.

Youbit claimed it was “very sorry” but has filed for bankruptcy after it suffered the cyber-attack, less than eight months after the first.

In a statement in Korean on its homepage the firm said it had lost 17% of its assets in the raid, with all deposits and withdrawals now halted.

However, customers will get back the majority of their investments — with the firm promising to use cyber-insurance cover and money gleaned from selling its operating rights to pay them back.

It explained in the translated statement:

“Due to bankruptcy, the settlement of cash and coins will be carried out in accordance with all bankruptcy procedures. However, in order to minimize the damage to our members, we will arrange for the withdrawal of approximately 75% of the balance at 4:00 a.m. on Dec 19. The rest of the unpaid portion will be paid after the final settlement is completed.”

The incident highlights the increasing scrutiny being placed on crypto-currency exchanges by cyber-criminals keen to make a fast buck.

In April, Youbit lost 4,000 Bitcoins ($73m) to hackers, with South Korea’s Internet and Security Agency (Kisa) blaming the rogue nation over the border for the raid.

North Korean hackers are also thought to have been targeting crypto-currency insiders in London in a bid to steal credentials.

The hermit nation sees crypto-currency as one way to keep funds flowing into the country in the face of tightening sanctions put in place as a result of its continued nuclear testing.

Leigh-Anne Galloway, cyber-resilience lead at Positive Technologies, argues that Bitcoin exchanges need to get the basics right when it comes to cybersecurity.

“Firstly, server infrastructure and the applications that host cryptocurrencies need to be seen as a security risk — as this is a vector for attack we have seen time and time again. No matter how secure a currency is, if the web application, mobile application, server or network the currency operates on is vulnerable, the contents are at risk,” she explained.

“Secondly, there needs to be a greater focus on preventing social engineering attacks — protecting against website clones and educating users to avoid malicious websites and apps as quick as possible.”

What can I do if I forget the password for my encrypted files?

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To be safer, most people would like to protect their important files and folders by encrypting them with a password. While it’s very common for people to forget the password because they should remember many different passwords.

If you choose Best Folder Encryptor to encrypt your files and folders, and you forgot the encryption password, what should you do?

1 Confirm Encryption Type

There are five encryption types in Best Folder Encryptor – flash encryption, hiding encryption, diamond encryption, full encryption and portable encryption.

Right click on the encrypted file or folder in Windows Explorer, select Properties, and you will see “Type of file”. From here we can confirm the encryption type.

2 Confirm License Type

For flash and hiding encryption, you may recall your password with the password prompt if you are using a trial version of software. You can retrieve the password with a full version.

What can I do if I forget the password for my encrypted files?

However, there is no way to recover the password of diamond-, full- or portable-encrypted files and folders if you forget it. If so, your encrypted files and folders will not be decrypted and opened until you remember the password.

3 Retrieve Encryption Password

If you are using a trial version, and forgot the password of flash- or hiding-encrypted folder, please contact us for the password prompt.

If you are using a full version of software, please do as follows:

1. Launch Best Folder Encryptor, and click Settings.

What can I do if I forget the password for my encrypted files?

2. Press the “Set Password” button to set an admin password. If you have set before, skip this step.

What can I do if I forget the password for my encrypted files?

3. Right click on the record of the flash- or hiding-encrypted folder in the software, select “Flash- and Hiding-encrypted Folders[Retrieve Password]”.

What can I do if I forget the password for my encrypted files?

4. Enter the admin password you set in step 2 and click OK, then you will see your password.

What can I do if I forget the password for my encrypted files?

Please note that if your file and folder is encrypted with diamond encryption, full encryption or portable encryption, whether it is a trial version or full version, there is no way to recover your password.

What if I want to use Best Folder Encryptor on another computer?

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“I have used Best Folder Encryptor on my laptop for two years, now I want to use it on another computer. What can I do?”

If you purchase a license of Best Folder Encryptor, you will receive a registration code, with which you can activate Best Folder Encryptor on one computer. While if you change a new computer, should you have to purchase a license again? Of course not. Then what should we do?

In the new version of Best Folder Encryptor(v16.97), we added a new feature — Log Off.

If you want to replace a new computer, and continue to use Best Folder Encryptor, please first log off in the software on your old computer.

1. Launch Best Folder Encryptor, click “Help”, select “About Best Folder Encryptor”.

What if I want to use Best Folder Encryptor on another computer?

2. You will see the “Log Off” button. Click “Log Off” and wait for a moment.

What if I want to use Best Folder Encryptor on another computer?

3. Then you will see the message “The activation information has been logged off from the computer.”

What if I want to use Best Folder Encryptor on another computer?

4. Install Best Folder Encryptor on your new computer, and activate it with your registration code. The code is the one that you purchased before.

Important Notice

Before you change the computer, please decrypt your encrypted files and folders on the old device, then transfer them to another computer. Please note that DO NOT directly copy or move the encrypted files to another computer.

But, if your old computer has been crashed or lost, you cannot log off. What you can do?

Please do not hesitate to get in touch with us at support@dogoodsoft.com, we will get you the help you need.

How to open Best Folder Encryptor if you forgot the admin password?

“I used the encryption software Best Folder Encryptor to encrypt my files. To be safer, I have set an admin password for the software. But now I forgot the password. Is there a way to retrieve the admin password?”

It’s very common for users to set an admin password for the encryption software Best Folder Encryptor, which is safer for the encryption files. But, what if you forgot the password? If you can’t remember or retrieve the password, the encryption software will not be opened.

At this situation, please read the following method to recover your admin password.

How to Retrieve Admin Password:

1. Launch Best Folder Encryptor, and you will see the window “Enter Admin Password”.

How to open Best Folder Encryptor if you forgot the admin password?

2. Enter SOS in the Password field(Letters are not case-sensitive), then click OK.

3. Copy and paste your registration key to the pop-up window, and click OK. Note: The registration key must be the one that you activate the software.

How to open Best Folder Encryptor if you forgot the admin password?

4. Now you can see your admin password and be able to open the encryption software Best Folder Encryptor.

How to open Best Folder Encryptor if you forgot the admin password?

When you retrieve the admin password, you can cancel or change it.

How to Cancel Admin Password:

1. Open Best Folder Encryptor, click the Settings button.

How to open Best Folder Encryptor if you forgot the admin password?

2. Uncheck the box that says Require a password to open software.

How to open Best Folder Encryptor if you forgot the admin password?

3. Enter the admin password for confirmation, and click Ok.

4. Now the admin password has been cancelled. It is no longer need to enter the admin password before you open Best Folder Encryptor.

How to Change Admin Password:

1. Open Best Folder Encryptor, click the Settings button.

How to open Best Folder Encryptor if you forgot the admin password?

2. Press Change Password, enter your old password, and then your new password twice, and click OK.

How to open Best Folder Encryptor if you forgot the admin password?

How to open Best Folder Encryptor if you forgot the admin password?

3. Your admin password has been changed successfully.

It is difficult for the FBI to crack most smartphone encryption

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It is difficult for the FBI to crack most smartphone encryption

The FBI is struggling to decode private messages on phones and other mobile devices that could contain key criminal evidence, and the agency failed to access data more than half of the times it tried during the last fiscal year, FBI Director Christopher Wray told House lawmakers.

Wray will testify at the House Judiciary Committee Thursday morning on the wide range of issues the FBI faces. One of the issues hurting the FBI, he said, is the ability of criminals to “go dark,” or hide evidence electronically from authorities.

“The rapid pace of advances in mobile and other communication technologies continues to present a significant challenge to conducting lawful court-ordered access to digital information or evidence,” he said in his prepared remarks to the committee. “Unfortunately, there is a real and growing gap between law enforcement’s legal authority to access digital information and its technical ability to do so.”

Wray said criminals and terrorists are increasingly using these technologies. He added that the Islamic State is reaching potential recruits through encrypted messaging, which are difficult for the FBI to crack.

“If we cannot access this evidence, it will have ongoing, significant effects on our ability to identify, stop, and prosecute these offenders,” he said.

He noted that in the last fiscal year, the FBI was unable to access data on about 7,800 mobile devices, even though they had the legal authority to try. He said that was a little more than half of the mobile devices the FBI tried to access in fiscal year 2017.

Wray said the FBI tries to develop workarounds to get at the data, but doesn’t always succeed.

Wray also made it clear that the FBI is not asking for more legal authority to access mobile devices, but said, without being specific, that new ways must be found to let the FBI access this data.

“When changes in technology hinder law enforcement’s ability to exercise investigative tools and follow critical leads, those changes also hinder efforts to identify and stop criminals or terrorists,” he said.

He added that the FBI is “actively engaged” with companies to discuss the problem that “going dark” has on law enforcement, and the agency is working with academics and technologists to find “solutions to this problem.”

Wray is likely to be questioned on a wide range of topics at Thursday’s hearing, including new complaints from Republicans that Wray and other Justice Department officials have ignored requests for information about their actions in the Russia election meddling probe.

Republicans this week started writing a contempt resolution against Wray and others after the Justice Department failed to answer questions from lawmakers about why a top FBI agent was removed from the Russia probe. It was later discovered that the agent sympathized with Hillary Clinton and opposed then-presidential candidate Donald Trump.