Banks are Developing Digital Currencies and Opening Themselves to Cyber Risk!

Banks are Developing Digital Currencies and Opening Themselves to Cyber Risk!
by Matthew Rosenquist on 01-16-2020 at 6:00 am

Banks are Developing Digital Currencies and Opening Themselves to Cyber Risk

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


Cryptocurrency Exchange Hacks are on the Rise

Cryptocurrency Exchange Hacks are on the Rise
by Matthew Rosenquist on 12-26-2019 at 10:00 am

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

Read More

Major Drone Attack Against Global Oil Production Showcases Weak Cybersecurity Thinking

Major Drone Attack Against Global Oil Production Showcases Weak Cybersecurity Thinking
by Matthew Rosenquist on 09-17-2019 at 6:00 am

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


NATO’s Collective Defense for Cyber Attack Remains Fragile

NATO’s Collective Defense for Cyber Attack Remains Fragile
by Matthew Rosenquist on 09-08-2019 at 3:00 pm

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


Cryptocurrencies Should be Enabled to Blacklist Criminal Holdings

Cryptocurrencies Should be Enabled to Blacklist Criminal Holdings
by Matthew Rosenquist on 09-03-2019 at 6:00 am

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

Read More

Banks and ATMs Under Cyber Attack

Banks and ATMs Under Cyber Attack
by Matthew Rosenquist on 07-06-2019 at 5:00 am

The Silence hacking crew, mostly attributed to a group of very crafty Russian hackers, has struck again pulling-in over $3 million in cash from ATMs.

At least 3 banks have been attacked in the latest campaign, with Dutch Bangla Bank being the largest. The criminal hackers first compromised the bank’s card management infrastructure… Read More


Auto Shows No Connection

Auto Shows No Connection
by Roger C. Lanctot on 04-21-2019 at 12:00 pm

The Washington Auto Show, one of the largest auto shows in the U.S., has a problem and it is a problem shared by other auto shows in the U.S. and around the world. It is a problem that plagues the entire industry and it may spell trouble for connecting with car customers.

I visited the Washington Auto Show last week. The event closed on … Read More


Open Letter to the FTC Bureau of Consumer Protection

Open Letter to the FTC Bureau of Consumer Protection
by Matthew Rosenquist on 02-05-2019 at 12:00 pm

In December 2018 the FTC held hearings on Competition and consumer Protection in the 21st Century. A number of people spoke at the event and the FTC has graciously opened the discussion to public comments. The Federal Trade Commission has interest, certain responsibilities, and can affect changes to how data security evolves.… Read More


Jeephack Repercussions

Jeephack Repercussions
by Roger C. Lanctot on 02-04-2019 at 7:00 am

Automotive cybersecurity is an intractable nightmare with significant though inchoate implications for consumers and existential exposure for auto makers. This reality became painfully clear earlier this month when the U.S. Supreme Court declined to hear FiatChrysler Automotive’s appeal in a class action lawsuit over … Read More


Having Your Digital Cake and Eating It Too

Having Your Digital Cake and Eating It Too
by Bill Montgomery on 01-24-2019 at 12:00 pm

Anybody who’s ever read the iconic MAD magazine would be familiar with the wordless Spy vs Spy cartoon. First published in January, 1961, it features two agents involved in stereotypical and comical espionage activities. One is dressed in white, and the other in black, but they are otherwise identical. A parody of the politicalRead More