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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…
Blockaid Secures $33 Million Investment to Protect Blockchain Applications Blockaid, a blockchain application security startup, has emerged from stealth mode with a Series A funding round that raised $33 million. The investment, led by Ribbit Capital and Variant, with additional participation from Cyberstarts, Greylock Partners, and Sequoia Capital, will enable Blockaid to further develop technology…
Global Damage of $30 Billion Caused by Criminal Activities in Crypto Sector: A Growing Threat Inadequate Understanding of Digital Financial Product Cyberattacks The rise of digital financial products, particularly in the realm of decentralized finance (DeFi), has brought about significant challenges in terms of cybersecurity. However, until now, there has been a lack of concrete…
The IT Professional’s Blueprint for Compliance Cybersecurity and the Threats We Face The world of cybersecurity is constantly evolving, with new threats and challenges emerging every day. It is crucial for IT professionals to stay on top of the latest frameworks and guidelines to ensure their organizations are compliant and protected. In this report, we…
Naked Security S3 Ep148: Remembering Crypto Heroes – Celebrating the True Crypto Bros Introduction In the latest episode of “Naked Security” podcast, co-hosts Doug Aamoth and Paul Ducklin discuss various topics related to cybercrime, hacking, scams, and security. They begin the conversation by reflecting on National Navajo Code Talkers Day, a commemoration of the Native…
The IT Professional’s Blueprint for Compliance Introduction In today’s interconnected world, the threat of cybercrime looms larger than ever before. The rise of sophisticated hacking groups, such as the Lazarus Group in North Korea, has highlighted the need for robust cybersecurity measures. This issue is further compounded by the increasing use of cryptocurrencies for money…
The Next Generation of International Ransomware Gangs Will Likely Target Weaknesses in Cryptocurrencies The Next Generation of International Ransomware Gangs Will Likely Target Weaknesses in Cryptocurrencies Introduction In recent years, ransomware attacks have become increasingly common and routine, causing widespread disruption and financial loss. These attacks involve hackers encrypting vital data and demanding a ransom…
Data Breaches Strike Three Cryptocurrency Firms After Kroll SIM Swapping Attack Overview Three bankrupt cryptocurrency companies, FTX, BlockFi, and Genesis, have suffered data breaches as a result of a SIM swapping attack on risk and financial advisory firm Kroll. The attack, described as “highly sophisticated,” involved transferring an employee’s T-Mobile phone number to a SIM…
Data Breaches: Cryptocurrency Firms Fall Victim to SIM Swapping Attack Three cryptocurrency companies – FTX, BlockFi, and Genesis – have recently experienced data breaches as a result of a SIM swapping attack on risk and financial advisory firm Kroll. The attack, described as “highly sophisticated”, involved the transfer of an employee’s T-Mobile phone number to…
Analysis: The Growing Threat of Ransomware-as-a-Service (RaaS) Groups The Rise of Ransomware Ransomware attacks have become an increasingly prevalent and concerning issue in recent years. Cybercriminals employ various tactics and techniques to breach organizations, encrypt their files, and demand hefty ransoms in exchange for the decryption keys. These attacks, often facilitated by the use of…