Tagged: security

September 26, 2022 @ 9:47 am By Omar Faridi  |  

Allurity has acquired Spanish multinational Aiuken, as “an important step in its journey to becoming Europe’s leading cybersecurity provider.” Aiuken brings an entire SOC platform “spanning three continents, as well as its Cloud Security and SOC-as-a-Service platforms.” This deal takes Allurity one step closer “to… Read More

September 23, 2022 @ 8:22 am By Omar Faridi  |  

London-based Weavr announced an update that “adds a new level of convenience for cardholders to add their cards to Apple Pay and Google Wallet, improving digital security and card usage, and in turn fuelling transaction growth for embedded finance innovators.” The technology-first fintech has revealed… Read More

September 22, 2022 @ 11:16 pm By Omar Faridi  |  

As quantum computing creates vast new possibilities to analyze and solve complex problems that are unsolvable by today’s computers, it also has the potential “to disrupt entire industries and create significant new risks for financial firms by making even the most highly protected computer systems… Read More

September 21, 2022 @ 11:37 am By Omar Faridi  |  

Bluefin, the integrated payments firm focused on encryption and tokenization technologies that protect payments and sensitive data, has announced a partnership with commercial hardware manufacturer Sunmi. Sunmi provides intelligent IoT devices and integrated solutions “combining software and hardware to empower business owners.” The company’s products… Read More

September 21, 2022 @ 8:30 am By Omar Faridi  |  

Revolut has experienced a major data breach that has reportedly exposed the sensitive personal details of around 50,000 clients globally. Revolut‘s management has now informed Lithuania’s State Data Protection Inspectorate about the security breach, noting that access to its database had been obtained via advanced… Read More

September 20, 2022 @ 7:51 am By Omar Faridi  |  

OneSpan (NASDAQ: OSPN), the digital agreements security company, announced the general availability of its secure Virtual Room cloud service which “enables organizations to deliver live, high-touch assistance to their customers in a high-assurance virtual environment.” This next-generation customer engagement solution “gives organizations the ability to balance… Read More

September 3, 2022 @ 10:23 am By Omar Faridi  |  

Over half (59%) of consumers are “more concerned about becoming a victim of fraud now than they were in 2021.” That’s according to research released by specialized payments platform, Paysafe (NYSE: PSFE) which indicates that consumers across North America, Latin America and Europe are “prioritizing… Read More

August 31, 2022 @ 10:00 am By Omar Faridi  |  

The FBI [Federal Bureau of Investigation] is warning investors that cybercriminals are “increasingly exploiting vulnerabilities in decentralized finance (DeFi) platforms to steal cryptocurrency, causing investors to lose money.” The FBI has “observed cybercriminals exploiting vulnerabilities in the smart contracts governing DeFi platforms to steal investors’… Read More

August 29, 2022 @ 11:07 pm By Omar Faridi  |  

Ledger, the hardware and software security company focused on crypto and Web3, recently revealed that they’ve integrated Filecoin into Ledger Live Desktop. Ledger explained that Filecoin is powering a “decentralized” Internet “where storage is owned and operated by its users.” We just integrated @Filecoin into… Read More

August 8, 2022 @ 10:50 pm By Omar Faridi  |  

Liminal, a wallet operations infrastructure, recently unveiled “an additional protection for customers.” The insurance covers Liminal’s backup keys, which “serve as a fail safe to recover lost Liminal keys.” Canopius, a global specialty (re)insurer and Lloyd’s of London syndicate, “wrote the $50 million policy, which… Read More

August 8, 2022 @ 10:30 am By Omar Faridi  |  

We recently connected with Kåre Kjelstrøm, Chief Technology Officer at layer-1 blockchain company Concordium. Kåre, who has an MS in Computer Science from the University of Aarhus, Denmark, is leading the development of Concordium’s blockchain platform – which embeds encrypted ID into on-chain transactions in… Read More

August 7, 2022 @ 9:08 pm By Omar Faridi  |  

On August 3, 2022, a large-scale incident of currency theft occurred on Solana, and a large number of users “transferred SOL and SPL tokens without their knowledge,” the SlowMist team noted in their analysis of the incident. The SlowMist security team “tracked and analyzed this… Read More

August 5, 2022 @ 6:47 pm By Omar Faridi  |  

Talon Cyber Security, the “secure” enterprise browser provider, recently announced $100 million in Series A funding, led by Evolution Equity Partners, “with participation from Ballistic Ventures, CrowdStrike’s Falcon Fund, Merlin Ventures, SYN Ventures and previous investors CrowdStrike co-founder and CEO George Kurtz, Lightspeed Venture Partners,… Read More

July 11, 2022 @ 7:47 pm By Omar Faridi  |  

Cybercriminals have reportedly “duped” a senior engineer at a crypto-based online gaming company, Axie Infinity, into applying for a job at a “fictitious” company. The result: “the loss of $540 million in cryptocurrency,” according to an update shared with CI (and also widely reported). While… Read More

July 11, 2022 @ 7:25 pm By Omar Faridi  |  

Comodo Security Solutions has announced a rebranding to Xcitium, as the company launches its patented “zero threat” endpoint technology “to combat an increase in ransomware and other malware across all industries.” Xcitium Zero Threat is reportedly “the only solution on the market that entirely eliminates… Read More

July 3, 2022 @ 9:27 pm By Omar Faridi  |  

Following the news that non-fungible token (NFT) marketplace OpenSea had suffered a data breach, Kaleb Ells, Analyst on the Thematic Team at GlobalData, a data and analytics company, noted: “This mass data breach highlights that OpenSea is not yet providing the security fundamentals that are… Read More

July 3, 2022 @ 10:19 am By Omar Faridi  |  

ShareRing’s purpose is to remove “friction” throughout the world, and digital identities is a vehicle that can “help accomplish this.” Tim Bos, CEO at ShareRing, stated: “Over the years, there’s been a trend for large companies to host more and more data about you in… Read More

June 24, 2022 @ 4:25 pm By Omar Faridi  |  

CoinLoan, which claims to be the only EU-licensed provider of crypto-loan products, has announced a partnership with Elliptic, the global “leader” in crypto-asset risk management. As adoption and investment into crypto continues to increase, “so does the risk of cybercrime.” The range of crypto-assets and… Read More

June 23, 2022 @ 8:02 am By Omar Faridi  |  

Citi (NYSE: C) announced that it has selected METACO to develop and pilot digital asset custody capabilities. This collaboration “brings together METACO’s technology and digital solutions with Citi’s expansive custody network to develop a platform to enable clients to store and settle digital assets seamlessly… Read More

June 14, 2022 @ 11:25 am By Omar Faridi  |  

SurePay, the Confirmation of Payee provider, announced that it has supported Virgin Money with the implementation of its UK Confirmation of Payee solution in order to protect consumers against fraudulent activities and misdirected payments. Confirmation of Payee is a way of giving users more assurance… Read More