Posts

Showing posts with the label state-sponsored hacking

Iran’s Sepah Hack Is a Wake-Up Call—Bitcoin Cannot Be Erased

Image
The Republic of Iran is currently chaos personified, as its war crisis with Israel is bringing in diverse problems for the nation. Iran, while handling active war missiles and combat with Israel, was hit by a malicious cyberattack last night. The nation’s Sepah bank was wiped out of data last night, rendering the nation paralyzed and struggling financially. The first ever bank to be established in Iran, Sepah, was left debilitated when it was hit by malevolent online attacks led by Israelis, disturbing its online presence and network. The aforementioned disruptions ended up thwarting Iran’s gas station networks, putting its citizens in grave jeopardy. The reports have also claimed that the attack ended up wiping precious Sepah data, which brings in the real question of security at times of grave social unrest. Does Bitcoin help solve this burning query? One analyst thinks so. Also Read: Chinese Bitcoin Mining Manufacturers Flee Tariffs, Set Up in US Sepah Bank Data Erased Du...