Japanese cryptocurrency exchange Liquid suspends cryptocurrency deposits and withdrawals and moves its assets into cold storage. Japanese cryptocurrency exchange platform Liquid has fallen victim to enterprising hackers who compromised its warm wallets and made off with more than US$97 million in various cryptocurrency assets. “At roughly 7:50 AM SGT on August 19th, Liquid’s Operations and … More Hackers swipe almost $100 million from major cryptocurrency exchange
Caught between a rock and a hard place, many ransomware victims cave in to extortion demands. Here’s what might change the calculus. The recent spate of ransomware payments cannot be the best use of cybersecurity budgets or shareholder capital, nor is it the best use of insurance industry funds. So, why are companies paying and … More Ransomware: To pay or not to pay? Legal or illegal? These are the questions …
Should we expect cybercriminals to ditch the pseudonymous cryptocurrency for other forms of payment that may be better at throwing law enforcement off the scent? Earlier this week, the Department of Justice announced it seized around $2.3 million worth of bitcoin (BTC 63.7) collected in the BTC 75 payment for Colonial Pipeline ransomware. Does this mean Bitcoin … More Tracking ransomware cryptocurrency payments: What now for Bitcoin?
All that glitters is not gold – look out for fake celebrity endorsements and other con jobs that aren’t going out of fashion any time soon. Online scams are one of the favorite ways criminals like to swindle unsuspecting victims out of their hard-earned money. And since variety is the spice of life, con artists … More 4 common ways scammers use celebrity names to lure victims
Financial technology, or FinTech, is a sector that is becoming increasingly important for businesses across the world as technologies become ever more widespread and accessible. There is a whole range of different types of technology contained within FinTech, from digital banks and payment platforms to InsurTech (insurance technology) and RegTech (regulatory technology) to blockchain and … More What does a cybersecurity-first approach really mean for businesses using new FinTech solutions?