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
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
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
If there was ever a time that ethics should be formally applied to technology, it is with the emergence of Artificial Intelligence. Yet most of the big AI companies struggle with what should seem a simple task: defining ethics for the use of their products. Without the underpinnings of a moral backbone, powerful tools often become… Read More
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
Succeeding at managing cybersecurity risks is tremendously difficult even for seasoned professionals. To make situations worse, poorly suited people are often chosen to lead security organizations, bringing about disastrous results. This has contributed to weaker risk postures for organizations and the rapid turnover… Read More
