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Blockchain Press Releases

New SecurityGen study highlights hidden threat to 5G mobile networks from GTP-based cyber-attacks

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Telecom security experts call on operators to put in place comprehensive cyber-security measures against GTP threats

LONDON, Aug. 11, 2023 /PRNewswire/ — Mobile operators need to reassess security vulnerabilities in the key GTP (GPRS Tunnelling Protocol) protocol and bolster GTP security within their networks as they continue to invest in and roll out 5G, according to a new study by SecurityGen, the global provider of security solutions and services for the telecom industry.

SecurityGen’s latest report, entitled ‘GTP vulnerabilities: A cause for concern in 5G and LTE networks’, is based on 150 telecom security assessments of 39 live mobile networks during 2022 and 2023. It found that nearly 77 per cent of networks had no cyber-security measures in place against GTP-based attacks. Only 23 per cent had a high level of cyber-security measures to keep successful GTP-based test attacks to a minimum. 

“Despite its widespread use, the GTP mobile network protocol is not entirely secure and opens up opportunities for attackers to intercept sensitive user data, engage in fraudulent activities, or disrupt network services,” said Dmitry Kurbatov, co-founder and CTO of SecurityGen. “As we explored and examined GTP’s security vulnerabilities, it became apparent that the protocol requires in-depth consideration and robust mitigation strategies to block the potential threats – more so in the 5G set-up.”

The study is based on the results of over 150 telecom security assessments by SecurityGen during the last 12 months involving 39 mobile operators in 24 countries across the SEA, LATAM, and MEA regions. It highlights the most critical GTP-related threats to raise awareness among mobile operators and stakeholders of the hidden vulnerabilities within the protocol.

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The SecurityGen assessments found that all of the tested networks exhibited some vulnerabilities in their management of the GTP protocol:

  • In 71 per cent of networks assessed, GTP-based test attacks on subscriber information disclosure were successful. Which can be used to impact subscribers, perform other attacks, target other interfaces, radio interfaces and OS and network vulnerabilities.
  • 62 per cent of networks assessed were vulnerable to fraudulent activity involving the GTP protocol.
  • 85 per cent of networks were susceptible to targeted attacks on subscribers aimed at impeding or completely interrupting the functionality of data transmission services.
  • 46 per cent were vulnerable to network equipment denial-of-service attacks. Using this vulnerability, an attacker can simultaneously hinder network (Internet) connection for individual subscribers and many users via network equipment denial.
  • User traffic interception was successful in 69 per cent of the networks tested. By exploiting this vulnerability, an attacker can direct all incoming traffic to their equipment by altering the nodes that process the user traffic.

“Throughout our assessments, we were surprised that not a single network was protected with a GTP firewall. Even when mobile operators claimed to have a GTP firewall deployed, we could carry out test attacks successfully, as there was no functional GTP firewall in place,” commented Kurbatov. “This suggests that either the GTP firewall was not actively operational, or its filtering rules were not correctly configured or enabled.”

“Some mobile operators employ IP address filtering from non-roaming partners to incoming traffic as a counter-measure – however, our simulated test attacks were still able to bypass this technique. The deployment of a fully functional GTP firewall could significantly improve these statistics and provide more robust protection against potential threats. Adopting advanced GTP firewall solutions undoubtedly enhances the overall security of mobile networks and protects them against multiple GTP attack vectors.”

Kurbatov continued, “The interconnected nature of 3G, 4G, and now 5G mobile networks across different generations amplifies the risks posed by GTP security vulnerabilities. Our research highlighted a worrying lack of robust security measures across a significant proportion of the mobile networks we examined. Despite ongoing efforts by the GSMA and individual mobile operators since 2017, we found that comprehensive cyber-security measures are still not in place for the most part.”

“The increasingly vital role of mobile technology in nearly every aspect of how we live and work means that operators must regard effective cyber-security measures and policies that protect their networks and mobile users as a commercial and operational priority. This includes a comprehensive GTP protection strategy encompassing deployment of functional GTP firewalls, the application of GSMA-recommended protections, the integration of intrusion detection systems, and the regular monitoring of all network communication interfaces,” added Kurbatov.

“The findings of this study should serve as a wake-up call that spurs operators and the wider telecoms industry to take action necessary to secure our interconnected digital future.”

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The SecurityGen White Paper, ‘GTP vulnerabilities: A cause for concern in 5G and LTE networks’, is available to download here.

About SecurityGen

Founded in 2022, SecurityGen is a global company focused on telecom security. We deliver a solid security foundation to drive secure telecom digital transformations and ensure safe and robust network operations. Our extensive product and service portfolio provides complete protection against existing and advanced telecom security threats.

www.secgen.com

Photo: https://mma.prnewswire.com/media/2184043/SecurityGen_CTO_Dmitry_Kurbatov.jpg

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Blockchain

Blocks & Headlines: Today in Blockchain

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Blockchain technology continues to expand its reach, influencing industries far beyond its origins in cryptocurrency. From strategic collaborations to emerging trends, today’s briefing explores key developments shaping the blockchain ecosystem. Here’s the latest.


Blockchain Lobby Groups Unite for Crypto-Friendly Advocacy

In a landmark move, eight major blockchain lobby groups in the U.S. have joined forces to push for crypto-friendly policies under the new administration. With a regulatory climate expected to favor innovation in blockchain and cryptocurrency, these organizations aim to present a unified voice to influence legislation and public discourse.

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The coalition’s agenda focuses on fostering technological adoption, ensuring consumer protection, and clarifying taxation policies. This collaboration highlights the growing recognition of blockchain’s potential to drive economic transformation while addressing concerns about regulation.

Source: CoinDesk


Five Underrated Layer-1 Blockchain Tokens to Watch in 2025

As competition among blockchain platforms intensifies, several Layer-1 blockchain tokens are poised to gain significant traction this year. Analysts spotlight projects that prioritize scalability, interoperability, and developer engagement as ones to watch.

While giants like Ethereum and Solana dominate headlines, emerging players are carving out niches in sectors like decentralized finance (DeFi), gaming, and supply chain solutions. These tokens underscore the innovation flourishing within the Layer-1 ecosystem.

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Source: The Crypto Basic


AI and Blockchain Drive Innovation in Mining Industry

The integration of AI and blockchain technologies is revolutionizing the mining sector. Blockchain’s immutable ledger capabilities ensure transparency in supply chain operations, while AI optimizes resource extraction and predictive maintenance.

Together, these technologies address critical challenges such as environmental impact and operational inefficiency. As sustainability takes center stage, the mining industry’s adoption of blockchain and AI represents a significant leap forward.

Source: Mining Technology

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The Rapid Rise of Blockchain Mini-Games

Blockchain-powered mini-games are capturing the attention of developers and players alike, thanks to their innovative use of tokenization and play-to-earn models. These games—smaller in scope but high in engagement—offer players real ownership of in-game assets and a chance to earn rewards.

The trend’s popularity stems from its low barrier to entry and appeal to casual gamers, signaling a shift in the gaming landscape. As blockchain gaming continues to evolve, mini-games are emerging as a powerful gateway to mainstream adoption.

Source: Crypto Times


Bybit and SignalPlus Announce $100,000 USDC Global Trading Showdown

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Bybit and SignalPlus have teamed up to launch a global trading competition with a $100,000 USDC prize pool. The event aims to showcase advanced trading strategies while fostering community engagement within the crypto trading ecosystem.

Participants will compete across multiple trading challenges, highlighting the growing sophistication of crypto markets. This collaboration underscores the role of competitions in promoting market education and innovation.

Source: PR Newswire

 

The post Blocks & Headlines: Today in Blockchain appeared first on News, Events, Advertising Options.

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Blockchain Press Releases

Bybit Pledges RMB 5 Million to Support Relief Efforts Following Devastating Tibet Earthquake

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DUBAI, UAE, Jan. 16, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is deeply saddened by the devastating earthquake that struck Tibet earlier this week, leaving a trail of destruction and heartache.

The tragedy has claimed at least 126 lives, injured 188 people, and displaced tens of thousands as over 3,000 buildings collapsed in the remote region near the northern base of Mount Everest. In response, Bybit is committing RMB 5 million in collaboration with the Red Cross Society of China (RCSC) to support critical relief and recovery efforts in the affected communities.

The 7.1-magnitude earthquake, which struck on January 7, has caused widespread devastation, with extreme winter conditions complicating rescue operations. More than 14,000 rescue workers have been mobilized to search for survivors amid sub-zero temperatures and strong winds, highlighting the urgent need for immediate aid.

“As a responsible global leader in the blockchain industry, Bybit is committed to standing with communities in their time of need,” said Helen Liu, Chief Operating Officer at Bybit. “Our thoughts are with the survivors, the rescue teams, and the families affected by this tragic event. We hope our contribution will help provide much-needed relief and support the road to recovery.”

The donation will be directed towards essential services, including emergency shelter, medical supplies, and food aid, as well as long-term rehabilitation efforts. Bybit is proud to partner with RCSC to ensure swift and impactful assistance to those in need.

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At Bybit, we firmly believe in the power of compassion and collaboration. This contribution reflects our commitment to fostering resilience and hope in the face of adversity.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press 

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For media inquiries, please contact: [email protected]

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Blockchain Press Releases

Bybit & SignalPlus Unveil the 100,000 USDC Global Trading Showdown

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DUBAI, UAE, Jan. 16, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, and SignalPlus, an innovative social trading platform aimed at democratizing options trading for digital and crypto assets, are excited to announce the Bybit x SignalPlus 2025 Global Trading Competition. With a staggering total prize pool of 100,000 USDC, this competition promises to be the ultimate stage for traders to showcase their skills and seize lucrative rewards.

From now until February 5, 2025, 8:00 AM UTC, the competition is open to all Bybit users—excluding residents of restricted jurisdictions.. This event invites participants to engage in options, spot, or futures trading for their chance to claim a share of the impressive prize pool.

“We are thrilled to partner with SignalPlus for the Bybit x SignalPlus 2025 Global Trading Competition,” said Joan Han, Sales & Marketing Director at Bybit. “This event reflects our commitment to fostering an active and vibrant trading community. Whether you’re a novice or a seasoned trader, this competition offers a platform to enhance your trading skills and earn exciting rewards.”

Chris Yu, CEO at SignalPlus, shared his enthusiasm: “Collaborating with Bybit reflects our unwavering commitment to empowering traders with cutting-edge tools and actionable insights. This competition is a unique opportunity for participants to showcase their trading expertise and be handsomely rewarded for their achievements.”

Competition Highlights

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  • 100,000 USDC Prize Pool: Compete for your share of a massive prize pool.
  • Daily Rewards System: Win prizes daily, with rewards credited promptly to energize your next trades.
  • Team Competition: The top four (4) teams will split a 7,300 USDC prize pool. Daily, one lucky team member will win a luxury 3-day, 2-night trip to Korea or its equivalent value in USDC.
  • Individual Competition: The top 35 winners will share 7,702 USDC, with individual prizes ranging from 30 USDC to 2,000 USDC. Daily rankings and lucky draws offer opportunities to win up to 250 USDC.
  • Daily Lucky Draw: Over 21 days, 129 winners will be chosen daily, ensuring that every trade counts toward exciting rewards.
  • Special Bonuses: Link your Bybit API to SignalPlus for a 10 USDC rebate. Complete your first Options trade on SignalPlus to earn an additional 20 USDC rebate.

For more details on the Bybit x SignalPlus 2025 Global Trading Competition, please visit here: https://announcements.bybit.com/article/-bybit-x-signalplus-2025-global-trading-competition-returns-with-bigger-rewards-win-your-share-of-the-100-000-usdc-prize-pool–blt36f0435aff9e950f/

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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