Security

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Chinese Engineer Arrested for Stealing 100 Bitcoin From His Own Company

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Who Watches the Watchmen? An engineer from Beijing has been arrested after allegedly discovering a failed hacking attempt to his company and taking advantage of the situation to steal some of the money for himself. 90% of the loot has been returned but he can still go to jail for as much as seven years. … Read more

5 Things to Know About Fintech, According to NASAA President Joseph Borg

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Who better to learn about Fintech from than NASAA President and Director of the Alabama Securities Commission Joseph Borg? I sat down with Joe for a lengthy discussion about what millennials and baby boomers need to know about the fintech space. 1. Technology Outruns Regulation, Always “The crossroads between financial services and technology, a la fintech, is the … Read more

Hacking in Crypto: Cutting-Edge Cybersecurity Measures

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Cybersecurity has become one of the biggest threats of our time, with about 7% of the world’s economic output at risk of being stolen. Blockchain technology is one solution, which is why so many new blockchain startups have appeared on the scene to tackle the issue of cybersecurity, but is that enough? Which ones are actually effective? Looking at … Read more

Japanese Crypto Exchange GMO Vows to Improve After Regulator Orders Upgrades

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The cryptocurrency exchange subsidiary of the Japanese internet giant GMO has detailed its plans to improve its operations. GMO Coin has submitted a business improvement report to the country’s financial regulator. GMO Internet has also set up an information security audit office for the entire group. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With … Read more

Blockchain Technology Could End the 6-Year Security Famine

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We’ve heard a lot about cybersecurity and the blockchain. Specifically, about how businesses around the world can leverage blockchain technology to detect suspicious behavior in real time, eradicate human error, and ward off the threat of DDoS attacks rampant in our current system. But is blockchain technology really the answer to cybersecurity professionals’ prayers? Mark Tonessen … Read more

Bank Hackers Set up “Enormous Network” to Mine Bitcoin for Laundering Money

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Europol has revealed that an international group of cyber criminals, which has stolen over a billion dollars from multiple banks by hacking their ATMs, has been using cryptocurrency as a means to conduct money laundering. The information was made public after cooperation by investigators from all over the world led to the arrest of the … Read more

China’s Huawei Rumored to Partner with Cold Storage Smartphone Maker

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Embattled Chinese smartphone maker, Huawei, is rumored to be in serious talks with Sirin Labs to bring its handset into the cryptoverse, possibly incorporating the Swiss company’s cold storage wallet along with its system to instantly convert fiat to crypto. This comes at a time when, in the US, at least one regulator is insisting … Read more

How Can Cryptocurrency Users Ward Off Cyberattacks?

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We’ve all read the headlines. ICO funding thefts have hardly been low profile. It’s curious, though, that what was labeled by so many as simply a vehicle for criminal misdoings should itself be the target of criminal activity. But as cryptocurrencies grow in value, it’s becoming clear that they’re not going away anytime soon. So, … Read more

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