Cybersecurity Financial News

22.11 / 21:31

Law regulation Cybersecurity Bankruptcy 'Substantial amount' of FTX's assets stolen or missing — bankruptcy counsel

James Bromley, a partner at law firm Sullivan & Cromwell representing debtors in FTX’s bankruptcy case in the District of Delaware, has said that assets at the firm continue to be at risk from cyberattacks.

14.11 / 01:51

Blockchain Technology Cybersecurity Tech Developers could have prevented crypto's 2022 hacks if they took basic security measures

Users losing funds due to malicious activity is hardly unknown on Ethereum. In fact, it is the very reason researchers recently developed a proposal to introduce a type of token that is reversible in the event of a hack or other unsavory behaviors.

09.11 / 17:17

business Blockchain Cybersecurity Fraud Blockchain intelligence firm TRM Labs raises $70M in expanded Series B round

Blockchain-based intelligence company TRM Labs has announced a $70 million expansion to its Series B funding round, bringing the total raised to $130 million, announced the company on Nov. 9. Among the world's largest private equity firms, Series B investor Thoma Bravo manages more than $122 billion in assets.

04.11 / 14:09

business defi Cybersecurity security Immunefi launches scoring system for Web3's elite white hats

Bug bounty platform Immunefi has released its Whitehat Leaderboard — a scoring system that showcases the top 20 most elite white hats in Web3. The rank will measure a given white hat's skills and status amid Immunefi's security community, said the company at the Web Summit on Nov 4.

04.11 / 01:05

Law Cybersecurity security Developers need to stop crypto hackers — or face regulation in 2023

Third-party data breaches have exploded. The problem? Companies, including cryptocurrency exchanges, don’t know how to protect against them. When exchanges sign new vendors, most just innately expect that their vendors employ the same level of scrutiny as they do. Others don’t consider it at all. In today’s age, it isn’t just a good practice to test for vulnerabilities down the supply chain — it is absolutely necessary.

02.11 / 03:45

Cybersecurity Bitcoin Payments Lightning Network Bitcoin BUG network Lightning Network releases emergency update after critical bug on LND nodes

An emergency update was released to all of Lightning Network's LND node operators on Nov. 1, after a critical bug caused LND nodes to fall out of sync chain. This was the second critical bug experienced by the network in less than a month.

03.10 / 05:25

defi Hackers hacks Cybersecurity Returns Transit Swap ‘hacker’ returns 70% of $23M in stolen funds

A quick response from a number of blockchain security companies has helped facilitate the return of around 70% of the $23 million exploit of decentralized exchange (DEX) aggregator Transit Swap.

02.10 / 00:25

Hackers Cybersecurity data Uber Web3 is the solution to Uber’s problem with hackers

Uber is a staple of the gig economy, for better or worse, and a disruptor that once sent shockwaves throughout the mobility space. Now, however, Uber is being taken for a ride. The company is handling a reportedly far-reaching cybersecurity breach. According to the ride-hailing giant, the attacker has not been able to access sensitive user data, or at least, there is no evidence to suggest otherwise. Whether or not sensitive user data was exposed, this case points to a persistent issue with today’s apps. Can we continue to sacrifice our data — and thereby our privacy and security — for convenience?

29.09 / 00:27

Law regulation Cybersecurity lawmakers US lawmakers US lawmakers propose amending cybersecurity bill to include crypto firms reporting potential threats

United States Senators Marsha Blackburn and Cynthia Lummis have introduced proposed changes to a 2015 bill that would allow “voluntary information sharing of cyber threat indicators among cryptocurrency companies.”

18.09 / 22:51

Technology defi Cybersecurity Tech Waves founder: DAOs will never work without fixing governance

Decentralized Autonomous Organizations (DAOs) have been heralded as the future of governance, unlocking a more egalitarian approach to decision-making. However, decentralizing leadership isn’t a magical solution that instantly leads to better results. To truly get the most out of a decentralized organization, steps must be taken to regulate weighted voting and tokenomics. If not carefully balanced, DAOs can implode — and some already have.

09.09 / 02:15

business Blockchain Adoption Cybersecurity Polygon CSO blames Web2 security gaps for recent spate of hacks

Polygon Chief Security Officer Mudit Gupta has urged Web3 companies to hire traditional security experts to put an end to easily preventable hacks, arguing that perfect code and cryptography are not enough.

06.09 / 16:43

Government Adoption Cybersecurity Banks CBDCs require governments to put a special focus on security

Today’s financial world is becoming increasingly digitized, and naturally, central banks want to adapt to the changing environment. The use of cash is rapidly declining. Globally, the rise of digital payment apps and COVID-19 have only accelerated the decline in cash usage, fueling interest in digital currencies and demand for easier payment solutions.

05.09 / 09:35

business Blockchain Cybersecurity security Crypto app targeting SharkBot malware resurfaces on Google app store

A newly upgraded version of a banking and crypto app targeting malware has recently resurfaced on the Google Play store, now with the capability to steal cookies from account logins and bypass fingerprint or authentication requirements.

30.08 / 04:17

Blockchain Cybersecurity security FBI FBI issues alert over cybercriminal exploits targeting DeFi

The U.S Federal Bureau of Investigation (FBI) has issued a fresh warning for investors indecentralized finance (DeFi) platforms, which have been targeted with $1.6 billion in exploits in 2022.

23.08 / 05:29

business Adoption Cybersecurity security Crypto security Crypto security experts raking $430K salaries amid 2022's hacking spike

The rise of crypto hacks over 2022 has skyrocketed demand for blockchain security experts, with some auditors making upwards of $430,000 per year.

22.08 / 07:25

Blockchain Cybersecurity Scams Crypto scams analyst Cybersecurity analyst reveals 8 sneaky crypto scams on Twitter right now

Cybersecurity analyst Serpent has revealed his picks for the most dastardly crypto and non-fungible token (NFT) scams currently active on Twitter.

11.08 / 23:19

Blockchain Hackers Cybersecurity security Cross-chains in the crosshairs: Hacks call for better defense mechanisms

2022 has been a lucrative year for hackers preying on the nascent Web3 and decentralized finance (DeFi) spaces, with more than $2 billion worth of cryptocurrency fleeced in several high-profile hacks to date. Cross-chain protocols have been particularly hard hit, with Axie Infinity’s $650 million Ronin Bridge hack accounting for a significant portion of stolen funds this year.

11.08 / 11:51

Blockchain NFT Cybersecurity Marketplace OpenSea introduces new stolen item policy to combat NFT theft

As asset theft remains one of the biggest headaches in the nonfungible token (NFT) space, NFT marketplace OpenSea is making an effort to tailor its policy to incorporate additional measures against stolen items.

10.08 / 00:53

Blockchain Technology Ethereum Cybersecurity BREAKING: Curve Finance team warns users to avoid using site until further notice

On Aug 9, automated market maker Curve Finance took to Twitter to warn users of an ongoing exploit on its site. The team behind the protocol noted that the issue, which appears to be an attack from a malicious actor, was affecting the service’s nameserver and frontend.

06.08 / 19:59

business Cybersecurity Funding Lightning Network network blockchain security firm VC Roundup: Lightning Network payment rail, DeFi trading platform and blockchain security firm raise millions

Even with the onset of crypto winter, 2022 has been a watershed year for venture capital funding. Crypto and blockchain companies collectively raised $30.3 billion in venture capital in the first half of 2022, exceeding all of last year's totals. While the number of deals has declined in recent months, startups at the intersection of blockchain payments, decentralized finance (DeFi) and cybersecurity are still attracting sizable interest from the VC community. The latest edition of VC Roundup highlights some of the most intriguing funding deals of the past month.

04.08 / 08:53

business Blockchain Cybersecurity Gaming play Major hacks in play-to-earn crypto games a ‘matter of time’ — Report

“Unsatisfactory” cybersecurity measures among play-to-earn (P2E) crypto games pose a great risk to GameFi projects and their gamers alike, warns blockchain cybersecurity auditor Hacken.

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