Tagged: security

September 9, 2024 @ 9:58 pm By Omar Faridi  |  

In August 2024, the total losses from Web3 security incidents were estimated to be around $316 million. According to the SlowMist Hacked Archives, 28 hacking incidents were recorded, resulting in approximately $253 million in losses, with $13.58 million being recovered. The incidents were caused by… Read More

September 2, 2024 @ 10:49 am By Omar Faridi  |  

During a keynote presentation at Global Fintech Fest in Mumbai, Mastercard (NYSE: MA)  announced the worldwide launch of its new Payment Passkey Service to make online shopping more secure and easier than ever. Debuting first in India as a pilot with some of the nation’s… Read More

August 31, 2024 @ 3:12 pm By Omar Faridi  |  

Blockdaemon has joined the launch of the industry’s “first” Node Operator Risk Standard (NORS) certification for Ethereum (ETH), establishing a new benchmark for operational security and risk management for the Ethereum node operators. Additionally, Blockdaemon now participates in the NORS Development Working Group, the group… Read More

August 26, 2024 @ 7:22 pm By Omar Faridi  |  

Kaspersky‘s security experts have found seven vulnerabilities in the widely used open-source projects Suricata and FreeRDP. Two of these vulnerabilities, CVE-2024-32664 and CVE-2024-32039, could “potentially allow attackers to execute arbitrary code on a vulnerable system, while others could enable unauthorized memory access.” These vulnerabilities were… Read More

August 19, 2024 @ 10:27 pm By Omar Faridi  |  

In June, a team at CertiK conducting whitehat research discovered a “critical” vulnerability in the Kraken platform. This CertiK team then reportedly “notified the exchange to ensure this important vulnerability was fixed—which was a win for blockchain and Web3 security.” However, in conducting this work,… Read More

August 15, 2024 @ 8:22 am By Omar Faridi  |  

CertiK notes that during the past few months, their team has conducted extensive research on the Bitcoin ecosystem and its developments. CertiK also audited several Bitcoin projects and smart contracts based “on different languages, including OKX’s BRC-20 wallet and MVC DAO’s sCrypt smart contract implementation.”… Read More

August 8, 2024 @ 8:08 am By JD Alois  |  

Binance is reporting that it has reclaimed more than $73 million in funds pilfered by hacks. The Binance security team is said to have recovered the funds as of July 31st, topping the $55 million recovered in 2023. Binance touts that it has partnered with… Read More

August 5, 2024 @ 11:47 pm By Omar Faridi  |  

The research study, shared by cybersecurity firm Kaspersky, and entitled ‘Excitement, Superstition and great Insecurity – How global Consumers engage with the Digital World’ discloses controversial views among users regarding the protection of their personal information. For instance, 49% of respondents “consider covering the webcam… Read More

August 2, 2024 @ 9:10 am By Omar Faridi  |  

At Ledger, their mission is to make digital ownership easy to use without ever compromising on security or self-custody. Ledger says that it aims to “to deliver the best security architecture; resilient by design and without compromise, for individuals and enterprises.” Ledger points out that… Read More

July 30, 2024 @ 9:23 am By Omar Faridi  |  

Kaspersky is pleased to announce the launch of a new AI-focused module within its Kaspersky Automated Security Awareness Platform (ASAP). This latest addition aims to equip professionals “with the necessary skills to combat the evolving threats posed by AI-driven cyberattacks.” The urgency of understanding AI-related… Read More

July 27, 2024 @ 12:59 pm By Omar Faridi  |  

Nexo, the institution for digital assets, has reaffirmed its dedication to data security by renewing its SOC 2 Type 2 audit and passing a new SOC 3 Type 2 report with no exceptions. The company has even increased “the audit scope by assessing additional Trust… Read More

July 27, 2024 @ 9:43 am By Tony Zerucha  |  

NordPass’s head of product research and development, Sorin Manole, said Mastercard’s recent commitment to reaching full e-commerce tokenization by 2030 in Europe enables better security through the increased use of passkeys. In practice, this means that cardholders can enable passkeys to authenticate e-commerce transactions. “From… Read More

July 9, 2024 @ 8:36 am By Omar Faridi  |  

CertiK has released its market update, entitled Hack3d: The Web3 Security Quarterly Report – Q2 + H1 2024. CertiK‘s Hack3d: The Web3 Security Report for Q1 2024 digital assets and blockchain ecosystem update is described as “the industry’s most comprehensive record of statistics and analysis… Read More

July 8, 2024 @ 9:23 am By Omar Faridi  |  

SlowMist has released its 2024 Mid-Year Blockchain Security and Anti-Money Laundering Report. According to CoinMarketCap, the global cryptocurrency market cap “reached approximately $2.34 trillion by June 30, 2024, highlighting robust growth.” However, SlowMist pointed out that this development “comes with increasingly severe blockchain security challenges.”… Read More

July 5, 2024 @ 3:41 pm By Omar Faridi  |  

Consensys announced the acquisition of Wallet Guard, a user-centric browser extension, security dashboard, and security engine that protects users’ wallets, digital assets and data from theft, scams, and fraud. Through this acquisition, Consensys intends to “integrate Wallet Guard’s capabilities to further bolster MetaMask, the world’s… Read More

June 11, 2024 @ 6:23 am By Omar Faridi  |  

Conversational AI provider boost.ai announced Credit Union of Colorado and Desert Financial Credit Union (DFCU) as new customers alongside a partnership with Pindrop, industry participants focused on voice security solutions. The news reinforces the company’s continued growth in “the US market, following its recent launch… Read More

June 3, 2024 @ 4:09 pm By Omar Faridi  |  

The EY Future Consumer Index (FCI), a global study surveying 23,000 consumers across 30 countries, including 1,500 in the US, indicated that US consumers are optimistic “about the future, with 77% of consumers noting that they think their lives are the same or better now… Read More

May 29, 2024 @ 2:07 pm By Omar Faridi  |  

Treasury Prime, an embedded banking software company, announced its strategic partnership with Footprint, a unified onboarding platform for identity, fraud and security. The addition of Footprint to Treasury Prime’s Partner Marketplace will “provide banks and their fintech clients access to Footprint’s Know Your Customer (KYC)… Read More

May 28, 2024 @ 8:22 am By Omar Faridi  |  

Velotix, a provider of an AI-driven Data Security Platform (DSP), announces a significant investment from Barclays Bank and Capri Ventures. This investment solidifies Velotix’s position as the choice for financial institutions seeking advanced data security solutions. It underscores Velotix’s innovative “approach to securing structured and… Read More

May 28, 2024 @ 1:02 am By Omar Faridi  |  

The severity of data breach risks rose to the highest level in two years during the first quarter of 2024, increasing 31% from the same period last year. TransUnion (NYSE: TRU) unveiled its analysis of data breach trends while also introducing the company’s new identity… Read More