Cybersecurity Financial News

04.08 / 05:43

regulation Cybersecurity Winnipeg police get provincial funding to beef blockchain forensics unit

Police in Winnipeg, the capital of the Canadian province of Manitoba, will be better prepared to deal with the use of cryptocurrency in cybercrime, thanks to $100,000 Canadian Dollars (CAD) in funding provided by the provincial government.

02.08 / 03:55

defi Hackers Cybersecurity security Exploit Nomad token bridge drained of $190M in funds in security exploit

The Nomad token bridge appears to have experienced a security exploit that has allowed hackers to systematically drain the bridge’s funds over a long series of transactions.

01.08 / 00:35

Adoption Cybersecurity security Bitcoin The worst places to keep your crypto wallet seed phrase

Under the mattress, in the seams of a piece of luggage or even rolled into a cigar, what are the worst and best ways for keeping a seed phrase safe? The key to unlocking and recovering cryptocurrency, a seed phrase, should be secured and safe.

26.07 / 17:18

Blockchain regulation Cybersecurity security TikTok data policy debacle: Is user’s crypto at risk?

TikTok continues to gather a head of steam, with the popular social media application surpassing one billion users in 2022. While daily users blissfully swipe through the latest videos from their favorite content creators, data security concerns continue to ask questions of the Chinese social media behemoth.

22.07 / 13:17

business Blockchain Cybersecurity interview Blockchain and cybersecurity awareness on the rise: PolySwarm CEO

As the blockchain space becomes more extensive, cybersecurity becomes a more crucial requirement for many. Because of this, PolySwarm CEO Steve Bassi argued that there is a need to leverage blockchain for cybersecurity.

22.07 / 09:37

Blockchain Health Cybersecurity IBM Blockchain’s use in healthcare ‘essential' to protect sensitive data: Zelis CTO

Kali Durgampudi, the CTO of healthcare payments company Zelis, believes that the implementation of blockchain tech is vital for protecting patients' sensitive data from cybercriminals.

19.07 / 09:07

Hackers Social Media Cybersecurity Cybercrime Threat Yuga Labs warns of 'persistent threat group' targeting NFT holders

Bored Ape Yacht Club (BAYC) creator Yuga Labs has warned there may soon be a “coordinated attack” targeting multiple non-fungible token (NFT) communities.

19.07 / 05:35

Hackers Cybersecurity Scams applications Warning crypto apps FBI issues public warning over fake crypto apps

The Federal Bureau of Investigation (FBI) has issued a public warning about fraudulent cryptocurrency apps, which have swindled U.S. investors out of an estimated $42.7 million so far.

14.07 / 22:45

business regulation Cybersecurity Framework index Cyber WEF introduces cyber resilience framework, index to increase organizational security

The World Economic Forum (WEF) released a white paper on cyber resilience Thursday in which it introduces the organization’s Cyber Resilience Framework (CRF) and Cyber Resilience Index (CRI). The document, prepared in collaboration with professional services company Accenture, followed the WEF’s Global Cybersecurity Outlook, published in January.

06.07 / 06:11

Ethereum Hackers Cybersecurity Bitcoin PennyWise crypto-stealing malware spreads through YouTube

A new strain of crypto-malware is being spread via YouTube, tricking users to download software that’s designed to steal data from 30 crypto wallets and crypto-browser extensions.

03.07 / 05:31

Blockchain Technology defi Cybersecurity The development of blockchain industry and how to defend against attacks on DeFi

Nowadays, the blockchain market as a whole is in its infancy, and the decentralized finance (DeFi) market is its most promising part. According to DefiLlama data, in 2021, the DeFi market had around $200 billion of liquidity locked in smart contracts. If we view this capital as an initial investment, this market looks like a highly promising venture. Not too many global companies can boast of such a capitalization. But any young market has its teething problems. With DeFi, the main issue is a lack of qualified blockchain developers.

30.06 / 15:19

Blockchain Ethereum Cybersecurity Infamous North Korean hacker group identified as suspect for $100M Harmony attack

The Lazarus Group, a well-known North Korean hacking syndicate, has been identified as the primary suspect in the recent attack that saw $100 million stolen from the Harmony protocol.

28.06 / 05:43

Blockchain Ethereum Cybersecurity FBI Harmony hacker sends stolen funds to Tornado Cash mixer

The funds from Harmony’s Horizon Bridge have begun to move into the Tornado Cash Ethererum mixer, signaling that the attacker has no intention of accepting the $1 million bounty offered.

27.06 / 06:35

Ethereum defi Cybersecurity security Harmony offers $1M bounty, but is it big enough?

The Harmony layer-1 blockchain project team has offered a bounty equal to just 1% of the $100 million in crypto stolen from the Horizon Bridge hack last week.

22.06 / 19:19

business Cybersecurity security businesses Chainalysis launches reporting service for businesses targeted in crypto-related cyberattacks

Blockchain analytics firm Chainalysis has launched a reporting hotline for incidents of hackers demanding cryptocurrency payments from platforms or companies.

15.06 / 22:33

CBDC Adoption regulation Cybersecurity Atlantic Council looks at how to maintain central bank digital currency cybersecurity

The U.S. thinktank Atlantic Council released a report Wednesday on cybersecurity issues related to central bank digital currencies (CBDC). The authors provide a generalized discussion of CBDC security, but with a clear focus on the United States and issues specific to it.

14.06 / 16:41

Blockchain Cybersecurity security Scams Features OpenSea announces new security features to protect users from NFT scams

One of the most popular crypto startups, OpenSea, has recently come under fire for stolen and plagiarized nonfungible tokens (NFTs).

08.06 / 00:17

business regulation Cybersecurity Senate committee Chainalysis exec touts blockchain analysis to Senate homeland security committee

The collection and processing of information was a major theme at the United States Senate Committee on Homeland Security and Governmental Affairs (HSGAC) hearing June 7 titled “Rising Threats: Ransomware Attacks and Ransom Payments Enabled by Cryptocurrency.” The committee hosted panel of private sector experts who discussed the problem of ransomware attacks and the challenges of collecting and using the information necessary to fight them.

31.05 / 05:19

defi Altcoin Cybersecurity Smart Contracts Terra pricing Exploit Luna Classic (LUNC) pricing error leads to Mirror Protocol exploit

A mismatch in the reported price of underlying assets on synthetic assets DeFi platform Mirror Protocol has caused an ongoing exploit that has the potential to drain all of its funds.

19.05 / 13:21

Blockchain defi Cybersecurity security ING DeFi-ing exploits: New Chainalysis tool tracks stolen crypto across multiple chains

Blockchain analytics firm Chainalysis has released a new tool to track transactions across Decentralized Finance protocols and multiple blockchains.

14.05 / 17:07

business Blockchain Adoption Cybersecurity DeFi attacks are on the rise — Will the industry be able to stem the tide?

The decentralized finance (DeFi) industry has lost over a billion dollars to hackers in the past couple of months, and the situation seems to be spiraling out of control.

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