Cybersecurity – Page 14

How will DOJ’s new crypto enforcement team change the game for industry players, good and bad?

In a bid to catch up with cybercriminals, the Justice Department is pooling all crypto expertise in one place.

Russia, US in Top 3 for Crypto-Related Threats, Cybersecurity Report Unveils

Russia, US in Top 3 by Crypto-Related Threats, Cybersecurity Report Unveils

Threats related to cryptocurrency have followed prices, decreasing significantly after the market slump in May, suggests a recent report released by a leading internet security firm. Detections fell by almost a quarter but Russia remains the most affected country, with the U.S. ranking in the top three as well. ESET: 1 in 10 Crypto-Focused Threats […]

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Hackers exploit MFA flaw to steal from 6,000 Coinbase customers — report

Malicious actors reportedly took advantage of Coinbase’s SMS account recovery process to gain access to user funds.

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Law Decoded: China FUD and false dichotomies, Sept. 20–27

Many in the crypto space are calling for the U.S. to assert its foundational principles by implementing crypto policies in opposition to China.

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Blockchain security company GK8 announces custody partnership with Stellar

Demand for institutional-grade blockchain solutions is on the rise as banks and traditional financial institutions look to invest in cryptocurrencies.

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81% of finance execs say blockchain has gone mainstream: Survey

Despite the finance service industry being bullish on blockchain and crypto, respondents still outlined cybersecurity as the greatest hurdle to mainstream adoption.

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Poly Network offers to on board ‘Mr. White Hat’ as chief security advisor

“Poly Network has no intention of holding Mr. White Hat legally responsible,” said the team.

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Why Businesses are Turning to Cyber Insurance for Protection

Storing data electronically is convenient for businesses across industries. While the storage abilities of the Internet benefit many, the drawback is that online data is always at some level of risk for cybercrime. As internet access expands worldwide, so too does the volume of business taking place online. Sharing data across multiple apps and clouds, among other acts, increases the opportunity cyber criminals have to exploit company weaknesses. Cyber crime is one of the most lucrative criminal ventures. In 2016, ransomware caused $209 million in damages. By 2020, that figure exploded to $170 billion. Even large corporations are not

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Are Your Emails Safe?

Important as emails are to everyday business, most of the messages people receive are considered spam. In some cases, this means the messages are irrelevant or annoying, but in others, it means they’re dangerous. At least 3 billion phishing emails (fraudulent emails meant to steal personal information) are sent every day. Phishing emails come in many varieties. Oftentimes they are the first step of a more sophisticated attack. By 2025, phishing attacks will cost the world $10.5 trillion each year. Cybercrime is the 3rd largest global economy, behind only the US and China. Unsuspecting individuals are common targets for cybercrime,

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US government delves deeper into crypto accountability with $10M bounty

The Biden administration reportedly intends to ramp up efforts to trace cryptocurrency payments.

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