Tagged: security

May 20, 2025 @ 2:15 pm By Omar Faridi  |  

The cryptocurrency boom has minted a new class of ultra-wealthy investors and executives, but their digital fortunes are increasingly attracting dangerous attention. As bitcoin and other cryptocurrencies surge in value, criminals are increasingly targeting crypto elites with violent tactics, prompting a surge in demand for… Read More

May 14, 2025 @ 10:18 pm By Omar Faridi  |  

Texas Attorney General Ken Paxton has secured a historic $1.375 billion settlement with Google, marking the largest state-level data privacy settlement in U.S. history. The agreement reportedly resolves two lawsuits filed in 2022 that accused Google of unlawfully collecting Texans’ personal data, including location information,… Read More

May 14, 2025 @ 8:32 am By Omar Faridi  |  

Prove Identity, a global enabler of digital identity solutions, is providing tools to enhance security, streamline user experiences, and ensure compliance across borders. Recent updates from Prove highlight their partnerships, advancements in passwordless authentication, and expertise in navigating global compliance, positioning them as a partner… Read More

May 12, 2025 @ 3:43 pm By Omar Faridi  |  

OX Security, a firm specializing in Application Security, announced $60 million in Series B funding. The latest investment round was led by DTCP, with participation from the following: IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8. The company, which enables organizations to focus… Read More

May 11, 2025 @ 4:23 pm By Omar Faridi  |  

The Ethereum blockchain underwent a transformative upgrade with the Pectra hard fork, introducing Ethereum Improvement Proposal (EIP-7702). Fireblocks has shared key insights after this update. This proposal, combined with Multi-Party Computation (MPC) technology, aims to enhance institutional wallet security and user experience. Fireblocks highlights this… Read More

May 9, 2025 @ 5:51 pm By Omar Faridi  |  

Feedzai, the global firm focused on AI-native financial crime prevention,  released its 2025 AI Trends in Fraud and Financial Crime Prevention report, uncovering how generative AI (GenAI) is used in financial fraud. More than 50% of fraud involves the use of artificial intelligence. Generative AI… Read More

May 9, 2025 @ 1:09 pm By Omar Faridi  |  

Nubank (NYSE: NU) announces the launch of tap-to-pay Pix, a new feature that integrates NFC technology into the app to simplify in-person payments. The solution reportedly offers customers an “agile way to use Pix, eliminating the need to scan QR codes.” To use it, clients… Read More

May 4, 2025 @ 10:08 pm By Omar Faridi  |  

Crypto exchange Kraken recently uncovered a sophisticated attempt by a North Korean hacker to infiltrate its operations through a seemingly innocuous job application. The incident, detailed by Kraken on May 1, 2025, highlights the evolving tactics of state-sponsored cyber threats targeting the crypto industry, with… Read More

April 28, 2025 @ 11:11 pm By Omar Faridi  |  

Regtech SlowMist, a blockchain security firm, continues to solidify its role in the evolving Web3 ecosystem through innovative incident response, and collaborative defense strategies. Recent updates from Regtech SlowMist highlight their pivotal role in recovering stolen funds, advancing on-chain communication techniques, and fostering global cybersecurity… Read More

April 27, 2025 @ 9:59 pm By Omar Faridi  |  

Bridging traditional finance or TradFi and decentralized finance or DeFi comes with great challenges, like regulation. SilentSwap, a cross-chain aggregator that sources liquidity from multiple decentralized platforms, is working to solve this challenge. On SilentSwap, institutional investors can engage with DeFi‘s products and services without… Read More

April 26, 2025 @ 9:33 am By Omar Faridi  |  

As the payment landscape evolves, a recent update from Payments Canada reveals that security understandably remains the top priority for Canadians when evaluating emerging payment technologies. Innovations like generative artificial intelligence (GenAI), social commerce, and pay-by-bank are poised to transform how Canadians shop and pay,… Read More

April 20, 2025 @ 9:06 pm By Omar Faridi  |  

Digital identity is transforming how individuals interact with online systems, offering a secure, reusable way to verify who they are. According to a Juniper Research whitepaper, digital identity is defined as a digital representation of an entity, encompassing identifying data, events, or assurance signals. In… Read More

April 14, 2025 @ 8:17 am By Omar Faridi  |  

To help organizations implement and secure identity access controls for AI agents, CyberArk (NASDAQ: CYBR), the global firm focused on identity security, is working with Accenture (NYSE: ACN) to integrate Accenture’s AI Refinery with its AI-powered Identity Security Platform. This integration will provide clients with… Read More

March 31, 2025 @ 9:30 pm By Omar Faridi  |  

HYPR, an identity company, has released its State of Passwordless Identity Assurance Report, revealing an increasing misalignment between “real-world security risks and outdated authentication methods.” The research report highlights the growing risks associated with “outdated authentication methods and the rise of new generative AI-related attacks.”… Read More

February 27, 2025 @ 10:04 pm By Omar Faridi  |  

OKX and SlowMist noted in a report that on February 14, 2025, multiple users reported unauthorized access to their wallet assets. On-chain data analysis indicated that the incidents “exhibited characteristics of mnemonic phrase/private key leakage.” Further follow-ups with affected users revealed “that most of them… Read More

February 25, 2025 @ 7:33 am By Omar Faridi  |  

Kaspersky Global Research & Analysis Team (GReAT) discovered hundreds of open source repositories with multistaged malware targeting gamers and crypto investors within a new campaign that was dubbed by Kaspersky as GitVenom. The infected projects include an automation instrument for “interacting with Instagram accounts, a… Read More

February 24, 2025 @ 1:33 pm By Omar Faridi  |  

Canadians are divided in embracing evolving technologies that have the potential to change their shopping experiences along with how they pay and get paid. This, according to an update from Payments Canada. Concerns around security, lack of familiarity and a sense of contentment with existing… Read More

February 18, 2025 @ 9:34 pm By Omar Faridi  |  

Cactus Custody announces the completion of its SOC 1 Type 1 attestation, underscoring its focus on maintaining operational standards, accurate financial reporting, as well as digital asset security. This latest milestone for Cactus Custody reflects their ongoing commitment to providing secure, reliable custody solutions that… Read More

February 8, 2025 @ 8:57 am By Tony Zerucha  |  

Research from Optalysys, a company developing secure computing through the acceleration of Fully Homomorphic Encryption (FHE) technology, has found that growth is being held back at UK financial services firms due to concerns over data security. A survey of more than 250 IT decision-makers working in… Read More

February 4, 2025 @ 10:21 pm By Omar Faridi  |  

UBS (NYSE:UBS) completed a Proof-of-Concept (PoC) that simulated the UBS Key4 Gold offering on a ZKsync Validium in a test environment. The test was designed to provide solutions regarding scalability, cost, privacy, interoperability with Ethereum, and “ease of access for transacting assets.” ZKsync Validium, an… Read More