Tagged: security

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

May 10, 2024 @ 5:07 pm By Omar Faridi  |  

Threat actors are leveraging sophisticated technologies, like automated scripts and botnets, to amplify their card testing attacks, “allowing them to exploit vulnerabilities at an unprecedented scale and speed.” This, according to an update from Visa (NYSE:V). These attacks, known as enumeration attacks, “inflict operational expenses… Read More

May 4, 2024 @ 12:37 pm By Omar Faridi  |  

Blockchain firm CertiK reports that during Q1 2024, BNB Chain noted continuous development in its security measures “resulting in a 55.8% decrease in value lost compared to the same period last year.” As stated in a blog post from CertiK, BNB Chain witnessed “a loss… Read More

May 1, 2024 @ 9:50 pm By Omar Faridi  |  

In April 2024, there were a total of 37 security incidents, resulting in approximately $90.81 million in losses. Based on the data from the SlowMist Blockchain Security Incident Database, these incidents were caused “by contract vulnerabilities, third-party vulnerabilities, exit scams, and hacked accounts.” As noted… Read More

April 25, 2024 @ 6:23 pm By Omar Faridi  |  

Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, and Hacken, a global enabler of blockchain security auditing, have signed a Memorandum of Understanding (MoU) to set new benchmarks for blockchain security and compliance. This partnership reflects a synergy “between a… Read More

April 18, 2024 @ 5:34 pm By Omar Faridi  |  

Circle marked a significant compliance milestone this month by completing a System and Organization Controls (SOC) 2 Type 2 security audit under standards established by the American Institute of Certified Public Accountants (AICPA). The SOC 2 Type 2 is a rigorous examination “conducted by an… Read More