Tagged: security

January 3, 2022 @ 10:59 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes that advances in quantum computing are “stoking fears” that Bitcoin’s wallet structure is “vulnerable to exploits,… Read More

January 3, 2022 @ 7:50 am By Omar Faridi  |  

SlowMist has shared their review of the blockchain security industry in 2021. The blockchain security firm reveals that international losses for the sector surpassed $9.8 billion. As mentioned in the update from SlowMist, 2021 was a year of “ups and downs” for the blockchain or… Read More

December 28, 2021 @ 5:01 pm By Omar Faridi  |  

It was an eventful week for the Java Ecosystem and the Open Source communities: on December 9, 2021, a critical vulnerability was found in the widely-used Java Logging framework Log4j (version 2). The team at payments Fintech Adyen has shared details on some of the… Read More

December 26, 2021 @ 5:47 pm By Omar Faridi  |  

In order to ensure the safety and security of the payment system, the Reserve Bank of India (RBI) has expanded the tokenization facility from an earlier version/framework to Card on File Tokenization (COFT). Virtual payments Fintech Paytm has now introduced a tokenization solution for online… Read More

November 16, 2021 @ 8:24 am By Omar Faridi  |  

Following a massive $394M Series D round earlier this year to establish the foundation for greater financial inclusion, international ID verification Fintech Trulioo is “strengthening pathways to create a more inclusive and trust-oriented digital economy,” according to an update shared with CI. With the ability… Read More

April 23, 2021 @ 6:48 am By Samantha Hurst  |  

      BitGo, a digital asset financial services provider, announced earlier this week it has surpassed $700M of total Crime/Excess Specie insurance capacity. The company reported that in 2020, it claims it became the first digital asset custodian to offer clients the ability to… Read More

March 3, 2021 @ 10:28 am By Samantha Hurst  |  

  CoolBitX, a Taiwan-based blockchain security company, announced on Wednesday its products, Synga Bridge and Elliptic, have released an API solution and service to facilitate private wallet transaction information. According to CoolBitX, the Wallet Address Filter API is fully operational and ready for use as… Read More

September 30, 2020 @ 9:51 am By Samantha Hurst  |  

Adlumin, a security and compliance automation platform,  announced on Tuesday it secured $6 million through its Series A round of funding led by Leawood Venture Capital with participation from various other institutional sources, including The Independent Community Bankers of America (ICBA). Founded in 2016, Adlumin… Read More

September 1, 2020 @ 9:13 am By Omar Faridi  |  

Ethereum Classic (ETC), which only has about 3% of the total hashpower (computing resources securing blockchain networks) that’s currently being used to secure the much larger and arguably more secure Ethereum (ETH) network, recently experienced another serious 51% attack. These types of attacks can occur… Read More

July 13, 2020 @ 9:58 pm By Omar Faridi  |  

The US Secret Service, a federal law enforcement agency operating under the Department of Homeland Security and responsible for conducting criminal investigations and protecting the country’s leaders and their family members, has established the Cyber Fraud Task Force (CFTF). The CFTF has been formed after… Read More

July 8, 2020 @ 10:32 am By Samantha Hurst  |  

  Kangaroo, a smart home security company, is now seeking funds through its regulation crowdfunding (Reg CF) campaign through funding platform Republic.  Founded in 2018, Kangaroo states its security systems have a singular aim of making the world safer. The company notes it wants to… Read More

July 7, 2020 @ 12:59 pm By Samantha Hurst  |  

Blockchain security and analytics firm Chainalysis announced on Tuesday it raised an additional $13 million to expand its Series B round to $49 million with an investment from Ribbit Capital and Sound Ventures.  Founded in 2014, Chainalysis claims it offers cryptocurrency investigation and compliance solutions to global law enforcement… Read More

July 1, 2020 @ 1:31 pm By Samantha Hurst  |  

Keevo, U.S.-based next-gen crypto hardware wallet provider, announced on Wednesday announced a strategic partnership with Iron Mountain (NYSE: IRM), the storage and information management services company enabling digital transformation, to deliver advanced backup and beneficiary services for users of its crypto wallet, the Keevo Model… Read More

June 10, 2020 @ 1:41 pm By Samantha Hurst  |  

NS8, a U.S.-based online fraud detection and prevention for small-and-medium-sized businesses (SMEs), announced on Wednesday it secured $123 million through its Series A funding round, led by Lightspeed Venture Partners with additional backing from AXA Venture Partners. Founded in 2016, NS8 stated it safeguards online businesses… Read More

May 20, 2020 @ 3:02 pm By Samantha Hurst  |  

Coalition, the leading cyber insurance and security company, announced on Wednesday it has raised $90 million through its Series C funding round, which was led by Valor Equity Partners with participation from Felicis Ventures, Greyhound Capital, and Coalition’s existing investors. Founded in 2017, Coalition states… Read More

May 7, 2020 @ 12:30 pm By Omar Faridi  |  

Canada has decided to postpone its upcoming Open Banking review due to the COVID-19 outbreak. The Canadian government-led Open Banking policy review was scheduled to consult stakeholders on applicable standards, in order to provide better consumer data protection. The review was supposed to take place… Read More

April 10, 2020 @ 8:50 am By Samantha Hurst  |  

MoonPay, a U.S. fintech company that builds develop tools for fiat-to-crypto connectivity, announced on Thursday it has appointed Nils Puhlmann as its new security advisor. According to his Linkedin profile, Puhlmann has held various positions in the cybersecurity industry, including being named Chief Trust and … Read More

April 9, 2020 @ 12:32 pm By Samantha Hurst  |  

Keyno, a U.S.-based startup that created CVV2 code technology that integrates with already-issued credit cards to prevent fraud, announced it will seeking funding through equity crowdfunding platform Wefunder. Founded in 2019 by Robert Steinman, Keyno describes itself as a dynamic security code that can easily… Read More

March 24, 2020 @ 7:58 am By Omar Faridi  |  

Chainalysis, a leading blockchain analytics and security company, has teamed up with Paxful, a major peer-to-peer (P2P) digital asset exchange. The partnership involves Chainalysis helping  Paxful with enhancing its compliance and KYC processes. Paxful will reportedly be using Chainalysis’ know your transaction (KYT) and “reactor”… Read More

January 31, 2020 @ 10:15 am By Samantha Hurst  |  

UK-based challenger bank Monzo announced earlier this week it has up’ed its security measures by upgrading its 3D Secure feature, which is a payment standard that aims to reduce e-commerce fraud by adding two-factor authentication to online transactions. The upgraded version of 3D Secure will… Read More