Modelling Extortion Attacks in Cryptocurrencies: Insights into Ethereum Validator Vulnerabilities

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Modelling Extortion Attacks in Cryptocurrencies: Insights into Ethereum Validator Vulnerabilities
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This is a past event

Dive into an academic exploration of how ransomware gangs might target cryptocurrencies, with Dr. Darren Hurley-Smith unveiling a unique extortion attack model concerning Ethereum Validators. This seminar encapsulates a research-driven take on a recent Conversation article, supplemented with mitigation strategies.

In a world where ransomware attacks have become disturbingly commonplace, identifying the evolving tactics and strategies of international cyber-criminal syndicates is imperative. Fresh off the publication of a poignant article in 'The Conversation', Dr. Darren Hurley-Smith of Royal Holloway University of London is set to cast a discerning academic eye over the next anticipated target of ransomware attackers: cryptocurrencies.

Recent attacks, such as the one that brought the Dallas City Government to its knees in May 2023, serve as a stark reminder of the threats lurking in the digital shadows. Ransomware payments have soared, and the risks have grown in tandem. What's the next frontier for these cyber criminals?

Dr. Hurley-Smith presents a detailed examination of an extortion attack model focused on Ethereum Validators. The seminar offers an in-depth view of vulnerabilities, potential attacks, and the progressive mitigations that he and his colleagues have developed, particularly highlighting the role of key rotation in Ethereum's security framework.

Speaker
Dr. Darren Hurley-Smith
Hosted by
Cybersecurity & Privacy, Department of Computing Science, University of Aberdeen
Venue
MS Teams (Online)