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## Introduction In its “State of Verification and Monitoring in the Crypto Industry 2023” report, Sumsub, a full-cycle verification platform, has provided a comprehensive analysis of the current landscape of regulations and verification practices for crypto companies. The report incorporates insights from a survey conducted among more than 100 crypto companies, as well as expert…
The State of Verification and Monitoring in the Crypto Industry 2023 New Fraud Patterns and Deepfakes on the Rise The latest report released by Sumsub, a full-cycle verification platform, sheds light on the current state of verification and monitoring in the crypto industry for the year 2023. The report, based on a survey conducted among…
Cybersecurity Challenges for SMBs: Navigating Complexity and Building Resilience The Growing Threat Landscape Small and midsize businesses (SMBs) are increasingly becoming targets of cyberattacks. The evolving threat landscape poses significant challenges for these organizations, which often struggle with limited resources and knowledge about managing cybersecurity risks effectively. During the recent Cybersecurity for SMBs Roundtable hosted…
The Banking Industry Takes the Top Spot as the Most Targeted Vertical in Q3 2023 According to Lumen Technologies A Day of Unprecedented Attacks According to the latest report from Lumen Technologies, the banking industry has seen a drastic increase in Distributed Denial of Service (DDoS) attacks, making it the most targeted vertical in Q3…
WatchGuard Launches New MDR Service to Address Growing Demand for Managed Cybersecurity Introduction Seattle-based cybersecurity firm WatchGuard Technologies has announced the launch of WatchGuard MDR, a new 24/7 cybersecurity service targeted at managed service providers (MSPs). This service aims to make Managed Detection and Response (MDR) more accessible to MSPs who are facing increased customer…
Report: Iranian-sponsored Threat Actor Conducting Watering-Hole Attacks in Mediterranean A Threat Actor Sponsored by Iran Conducts Watering-Hole Attacks in Mediterranean A threat actor sponsored by the Islamic Republic of Iran has been using watering-hole attacks against organizations in the maritime, shipping, and logistics sectors in the Mediterranean. This group, known by various names such as…
New Research Exposes Privacy and Security Threats in Smart Homes An Alarming Discovery A recent study conducted by an international team of researchers from institutions including the IMDEA Networks Institute, Northeastern University, and NYU Tandon School of Engineering has shed light on the concerning privacy and security risks posed by Internet of Things (IoT) devices…
Cybercrime: Kaspersky reveals ‘elegant’ malware resembling NSA code The Discovery In a recent report, Russian cybersecurity firm Kaspersky has revealed the discovery of a highly sophisticated malware that combines cryptocurrency mining with espionage capabilities. This malware, named StripedFly, bears similarities to code associated with the National Security Agency (NSA). While it is common for Western…
Microsoft Warns of Growing Threat from 0ktapus Cyberattack Collective Introduction Microsoft has issued a warning about the increasing sophistication of the 0ktapus cyberattack collective, also known as Scatter Swine, UNC3944, and Octo Tempest. The group, which primarily operates in the English-speaking world, has recently gained attention for its disruptive ransomware attacks on MGM and Caesars…
The IT Professional’s Blueprint for Compliance In today’s digitally-driven world, cybersecurity is a top concern for organizations across industries. The increasing frequency and sophistication of cyber attacks have made it imperative for businesses to take proactive measures to protect sensitive data and ensure compliance with various frameworks and regulations. This article aims to explore the…