Tagged: online security

September 11, 2023 @ 11:55 am By Omar Faridi  |  

The FBI is issuing this update to caution the general public regarding the theft of approximately $41 million in virtual currency from Stake.com, an online casino and betting platform. The FBI has confirmed that this theft took place “on or about September 4, 2023, and… Read More

September 5, 2023 @ 9:13 am By Omar Faridi  |  

Clear Junction, the global cross-border payments solution provider, has announced it has been granted ISO 27001 certification, the highest global standard that corporates can achieve for information security. With this globally trusted stamp of approval, Clear Junction assures clients and their customers that their transaction… Read More

September 4, 2023 @ 9:27 am By Omar Faridi  |  

With two weeks until the start of DSEI 2023, Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) and Sierra Nevada Corporation Mission Systems UK, LTD. (announced a strategic partnership to collaborate “on creating resilient high-grade security solutions and services.” Arqit claims that it is “a leader in… Read More

August 29, 2023 @ 11:49 pm By Omar Faridi  |  

In recent weeks, cybersecurity firms have issued “a dozen ransomware reports, most of which show a considerable increase in attacks,” according to an update shared with CI. As noted in an NCC Group’s July 2023 cyber threat intelligence report, the business saw over 500 attacks… Read More

August 29, 2023 @ 9:53 pm By Omar Faridi  |  

Staking is a core initiative of Chainlink Economics 2.0 that reportedly aims to “bring a new layer of cryptoeconomic security” to the Chainlink Network. Staking enables ecosystem participants, “such as node operators and community members, to back the performance of oracle services with staked LINK… Read More

August 29, 2023 @ 8:54 am By Omar Faridi  |  

Built on Cardano, Mithril prioritizes security while “aiming to enhance the efficiency of chain synchronization and state bootstrapping.” As noted in a blog post by IOG, security is of the utmost importance in “any cryptographic protocol for safeguarding the integrity, confidentiality, and authenticity of transactions… Read More

August 28, 2023 @ 8:40 am By Omar Faridi  |  

Metro Bank’s ‘Scam of the Month’ of August 2023 is a warning “about the rise in malware attacks against UK bank customers.” Malware, or malicious software, is “designed by criminals to compromise devices including computers, laptops, and mobile phones.” Globally, 5.5 billion malware attacks “were… Read More

August 23, 2023 @ 11:21 am By Omar Faridi  |  

Thales announces the launch of Thales payShield Cloud HSM, a subscription-based digital payments security service built “on its payShield 10K Payment Hardware Security Module (HSM) technology to help customers accelerate the adoption of cloud-based payments infrastructure.” For more than 30 years, Thales’s payment HSMs have… Read More

August 14, 2023 @ 10:50 pm By Omar Faridi  |  

CUBE3.AI, the real-time web3 transaction security platform that blocks malicious threats, announced that its platform is generally available, and that it “has raised $8.2 million in seed funding led by Blockchange Ventures, with participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures…. Read More

August 13, 2023 @ 5:38 pm By Omar Faridi  |  

SphereX, a web3 security company, has raised $8.2 million in seed funding and launched SphereX Protect, a decentralized security solution for smart contracts. This solution prevents vulnerabilities “in the code from being exploited and maintains contract operation even under threat.” SphereX, a web3 security platform,… Read More

August 8, 2023 @ 8:47 am By Omar Faridi  |  

Celo Foundation announced that Google Cloud is running a validator on the Celo network, which is helping to strengthen the overall security of the network. This initiative builds on Google Cloud and the Celo Foundation’s April announcement to support sustainability-focused startups “in the Celo ecosystem… Read More

August 8, 2023 @ 8:32 am By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security announced a significant collaboration with CryptoTax, a virtual asset tax service platform headquartered in South Korea. This strategic partnership is geared “towards fostering… Read More

August 5, 2023 @ 2:06 pm By Omar Faridi  |  

We recently connected with Luis Ocegueda, Engineering Lead at Trust Wallet, which claims to be the world’s most trusted and secure crypto wallet with 60 million+ downloads. It’s worth noting that, earlier this year, Trust Wallet did experience certain security issues, leading to a considerable… Read More

August 1, 2023 @ 10:58 pm By Omar Faridi  |  

Uppsala Security, which claims to be a pioneering digital asset cybersecurity and regulation technology (Regtech) project, recently announced a significant milestone in its mission to protect virtual asset investors. The company signed a momentous “MOU” with Bitcmon, a virtual asset exchange, to enhance response capabilities… Read More

July 26, 2023 @ 8:46 pm By Omar Faridi  |  

Embroker, the digital platform making it radically simple to get business insurance, today announced strategic partnerships with Dashlane, a security-first password management provider, and Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs). With these, Embroker increases customer security through Dashlane’s… Read More

July 26, 2023 @ 7:53 am By Omar Faridi  |  

Thales (Euronext Paris: HO) announces that it has reached an agreement with Thoma Bravo, a major software investment firm, for the acquisition of 100% of Imperva, a US-based data and application cybersecurity company, for an enterprise value of $3.6 billion1. With this acquisition, Thales is… Read More

July 9, 2023 @ 12:55 pm By Omar Faridi  |  

Multichain has reportedly halted its network on a suspected $130 million hack, a move that has come just a month after the initiative’s CEO disappeared. The Multichain service stopped currently, and all bridge transactions will be stuck on the source chains. There is no confirmed… Read More

July 8, 2023 @ 10:45 am By Omar Faridi  |  

The Bank for International Settlements (BIS) recently shared its seven-point plan developed to assist nations with preventing cybersecurity incidents/hacks as a response to the new wave of digital national currencies (or CBDCs) currently under development. Approximately 130 different countries are currently exploring the feasibility of… Read More

July 1, 2023 @ 6:59 am By Omar Faridi  |  

In efforts to further strengthen its online banking ecosystem and protect its customers, Maybank announced that it has successfully completed the migration to Secure2u for online banking services including bill payments and DuitNow, FPX and IBG transactions. Maybank is fully supportive of and has “completed… Read More

June 25, 2023 @ 7:12 pm By Omar Faridi  |  

Amidst all the bank failures, web3 hacks, and custodian collapses of the last year, “one thing is clear: self-custody is the only security model you can truly count on,” the team at Casa noted in a recent update. The best defense for your ether against… Read More