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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…
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…
Cross-Border Investigation Leads to Arrests and Seizure of Millions in West African Cybercrime Operation A large-scale cross-border investigation, dubbed Operation Jackal, has led to the arrest of 103 individuals involved in cybercriminal activities within West Africa. Led by law enforcement agencies across 21 countries on six continents and supported by Interpol, this operation specifically targeted…
Cybercrime: NYC Couple Pleads Guilty to Money Laundering in Bitfinex Hack The Case In a significant development, a New York City couple arrested in February 2022 for allegedly laundering approximately $3.6 billion in stolen cryptocurrency has pleaded guilty to money laundering, with one of them admitting to hacking the Bitfinex cryptocurrency exchange in 2016. The…