Kaspersky Labs and other malware labs have identified a sharp rise in crypto-related scams in Russia during the first half of 2020. Cybersecurity firms have identified an exponential rise in crypto-related scams in Russia during the first half of 2020. Researchers identified 23,000 sites involved with crypto scams that are still online and targeting new […]
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Wash trading hurts investors and taints the crypto industry, but extinguishing it will be difficult absent global regulation. When Bitwise Asset Management declared in a March 2019 presentation to the United States Securities and Exchange Commission that 95% of the Bitcoin (BTC) trading volume being reported globally on cryptocurrency exchanges was “fake,” it jolted rating […]
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A new ransomware from North Korea targets major companies. A group of hackers associated with the North Korean regime have kept their crypto extortion efforts alive in 2020. A group of North Korean hackers operating under the name “Lazarus” targeted several crypto exchanges last year, according to a report published by Chainalysis. One of the […]
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The governments of China and the U.S. frame digital currency as part of their great-power competition, but instead they should work on this technology together. Today, the relationship between China and the United States is one of escalating competition. On Oct. 23, 2019, Facebook CEO Mark Zuckerberg testified before the U.S. House Financial Services Committee […]
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The initiative launched by Europol has stopped $630M+ in ransomware demands since 2016. The No More Ransom decryption tool repository, an initiative launched by Europol to combat ransomware attacks, has saved individuals $632 million in ransom demands since 2016. According to the announcement published by Europol, the repository is celebrating its fourth anniversary. Over the […]
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The leader of the cybercriminal group Evil Corp reportedly led the attack against Garmin. Garmin, a multinational tech company, has been operating at less than full capacity following a ransomware attack launched by the Russian cybergang, Evil Corp. Garmin is being extorted for a $10 million ransom, to be paid in cryptocurrency. According to a […]
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Discussing the reasons for why we need a blockchain estate registry and the constraints of the technology. Since 2015, the blockchain industry has generated a variety of economic concepts and supported them with relevant technologies: initial coin offerings, initial exchange offerings, security token offerings, data access object, permissioned ledgers, stablecoins, decentralized finance, etc. In a […]
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A ransomware attack against Garmin affected pilots that rely on the company’s support for aviation navigational equipment. Smartwatch maker and data-syncing service provider, Garmin, was the subject of a ransomware attack that took down several of its services on July 23, which managed to encrypt its internal network. According to a series of tweets published […]
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REvil is reportedly behind the attack against the Spanish railway manager ADIF and claimed to have stolen over 800 GB of data. Ransomware gang REvil stole over 800 GB of data from ADIF, the Spanish state-owned railway infrastructure manager, after a successful attack deployed on their systems. According to El Español, the authorship of the […]
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As data becomes the main commodity for social media giants, can you trust crypto apps with your personal info? Over the past few weeks, TikTok has found itself in hot water over security issues. First, it was axed in India along with 58 Chinese apps for “stealing and surreptitiously transmitting users’ data in an unauthorized […]
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