The video conference company Zoom has skyrocketed to new heights and plummeted to new lows in the past few weeks. It is one of the handful of communications applications that is perfectly suited to a world beset by quarantine actions, yet has fallen far from grace because of poor security, privacy, and transparency. Governments,… Read More
Artificial intelligence – more specifically, the machine learning (ML) subset of AI – has a number of privacy problems.
Not only does ML require vast amounts of data for the training process, but the derived system is also provided with access to even greater volumes of data as part of the inference processing while in operation. … Read More
Cryptocurrency fraud is aggressively on the rise and topped over $4 billion last year, according to the security tracking company Chainalysis.
This is especially shocking to those who thought they had found an incredible investment in the cryptocurrency world, yet were swindled out of everything. As part of these cryptocurrency… Read More
Cybersecurity will be hard pressed to take on the new challenges of bank managed digital currencies.
Banks are developing their own digital currencies. The introduction of Central Bank Digital Currencies (CBDC) is the beginning of an interesting trend that will change the cybersecurity dynamic for banking as it opens up an … Read More
The United States and allies’ national cyber response may soon be tested with the latest escalating conflict in the middle east. The U.S. conducted an airstrike that killed a revered Iranian general while in Iraq. This was in retaliation to a number of attacks against U.S. personnel and most recently the U.S. embassy in… Read More
Seven major cryptocurrency exchanges were victimized in 2019, totaling over $160 million in financial theft. As predicted, cybercriminal hackers targeted crypto exchanges in 2019 and the trend will continue into 2020.
Crypto exchanges are relatively new, as compared to those in the traditional financial markets. It is
Cybercriminals are luring in bitcoin holders with the promise of easy money if they become a mule to convert stolen assets into clean currency. The reality is these volunteers will just join the ranks of other victims. But that is not stopping people from joining up to replace other mules who have paid the price.
Criminals are selling… Read More
Drones attacked an oil processing facility last week and shut down half of all Saudi capacity, representing about 5% of the world’s daily oil production. We have seen how a botnet of compromised home appliances can take down a sizeable chunk of the internet, control structures of electricity and other critical infrastructures… Read More
The Secretary-General of NATO, Jens Stoltenberg, stated all 29 member countries would respond to a serious cyberattack against any of the nations in the coalition. The pressing question is will NATO work together with combined forces when one of the members is attacked in an asymmetrical manner with digital technology?
When… Read More
Cryptocurrency is seen as a new, wild, reckless, revolutionary, and sometimes shady financial instrument. In addition to legitimate transactions, a disproportionate amount of attention is paid to the criminal use of cryptocurrency to store wealth, collect payments, transfer illicit funds, and launder money. Malicious