Web 3.0 Projects Mysterium Network and Sentinel Form Alliance to Protect Users from Data Hacks, Cybercrime, Surveillance Activities

October 20, 2020 @ 5:28 pm By Omar Faridi |

Web 3.0 related projects Mysterium Network and Sentinel have established an alliance that will focus on protecting Internet users from data hacks, cybercrime, and excessive surveillance activities while they’re conducting activities online. According to a release, the new “decentralized” VPN (dVPN) alliance is currently open… Read More

Read more in: Blockchain & Digital Assets, General News | Tagged consumer protection, cybercrime, data breach, data leaks, decentralization, decentralized vpn, dvpn alliance, hack, hacks, internet security, jaro satkevič, marcel velliux, mysterium, security breach, sentinel, snt foundation, surveillance, user protection, virtual private network, vpn, web 3.0

World Economic Forum Recommends Adopting Clear and Actionable Cybersecurity Guidelines for Fintech Firms

July 25, 2020 @ 2:53 pm By Omar Faridi |

The World Economic Forum (WEF) Fintech Cybersecurity Consortium was established in 2018. It aims to help protect the global financial ecosystem, which now includes large organizations with “high levels of cybersecurity maturity” and fast-growing Fintech firms that are offering emerging technologies such as AI, Big… Read More

Read more in: Fintech, Global | Tagged consumer protection, cybercrime, cybercriminals, cybersecurity, fintech cybersecurity consortium, online security, wef, world economic forum

Cybercrime and Banking Fraud Alert: State Bank of India, Nation’s Largest Lender, Reminds Customers to Never Share Personal Details with Anyone

July 20, 2020 @ 10:27 pm By Omar Faridi |

The State of Bank of India (SBI) has again cautioned against the increasing number of fraudulent activities targeting unsuspecting bank account holders. The SBI is a multinational, public sector banking and financial services statutory body that’s headquartered in Mumbai, Maharashtra. Last year, it was ranked… Read More

Read more in: Asia, General News | Tagged banking fraud, consumer protection, cybercrime, cybercriminals, cybersecurity, fraudulent activities, india, sbi, state bank of india

Binance Is “Operating a Recognized Market Without Authorization,” the Malaysian Securities Commission Warns, Public Advised Not to Make Investments with Such Firms

July 20, 2020 @ 7:41 am By Omar Faridi |

The Securities Commission (SC) of Malaysia, which recently warned residents about facing lengthy prison sentences and fines for operating unlicensed Cryptocurrency ATMs, has specifically mentioned that Binance, the world’s largest digital asset exchange, is not authorized to offer services in the country. The Malaysian SC… Read More

Read more in: Asia, Blockchain & Digital Assets, Investment Platforms and Marketplaces, Politics, Legal & Regulation | Tagged binance, brazil, consumer protection, crypto trading, crypto-assets, digital assets, malaysia, securities commission, securities commission malaysia, warning

Financial Inclusion: Office of the Comptroller of the Currency Introduces Project to Help Underserved US Businesses and Individuals

July 12, 2020 @ 11:26 am By Omar Faridi |

The Office of the Comptroller of the Currency (OCC), an independent bureau within the US Department of the Treasury that serves to charter, regulate, and supervise all national banks (among other responsibilities), has introduced an initiative that aims to promote greater financial inclusion of unserved… Read More

Read more in: General News, Politics, Legal & Regulation | Tagged brian brooks, consumer protection, financial inclusion, occ, office of the comptroller of the currency, reach project

Scam Alert: Fintech Zopa Warns that Many Fraudsters are Using Emails and Texts to Find and Target Unsuspecting Consumers

April 25, 2020 @ 6:53 pm By Omar Faridi |

Fintech Zopa, which offers online lending services in a fund based fashion, has warned that scammers have been taking advantage of the current situation. According to a report from Action Fraud, victim losses due to the fraudulent activity related to the Coronavirus (COVID-19) in March… Read More

Read more in: Fintech, Global | Tagged consumer protection, coronavirus, covid-19, fraudulent activities, lending, online lending, scams, zopa