The blockchain firm Harmony has recently suffered a devastating cyberattack. As confirmed, Harmony lost crypto…
Blockchain Firm Harmony Lost $100 Million In Cyber Theft on Latest Hacking News.
Tag: blockchain
Europe, Global Security News, North America
Managing risk in blockchain deployments
by Trail of Bits •
Do you need a blockchain? And if so, what kind? Trail of Bits has released an operational risk assessment report on blockchain technology. As more businesses consider the innovative advantages of blockchains and, more generally, distributed ledger tech…
Europe, Global Security News, North America
On the Dangers of Cryptocurrencies and the Uselessness of Blockchain
by Bruce Schneier •
Earlier this month, I and others wrote a letter to Congress, basically saying that cryptocurrencies are an complete and total disaster, and urging them to regulate the space. Nothing in that letter is out of the ordinary, and is in line with what I wro…
Global Security News, North America
How to keep your NFTs safe from scammers
by Zeljka Zorz •
According to Wikipedia, the first known non fungible token (NFT) was created in 2014 and the first NFT project was launched in late 2015. It took a few more years and more projects for the concept to trickle into the consciousness of the general public…
Europe, Global Security News, North America, Vulnerabilities
Hacker Paige Thompson Could Face 45 Years in Prison — ‘Suicide by Law Enforcement’
by Richi Jennings •
Capital One hacker Paige A. Thompson has been found guilty. But it has to be said that Capital One’s security design was absolutely awful.
The post Hacker Paige Thompson Could Face 45 Years in Prison — ‘Suicide by Law Enforcement’ appeared first on S…
Europe, Global Security News, North America
A Qubit of Solace: How QKD Systems Defend Against Future Cyberattacks
by Steve Alexander •
Every industry is on high alert when it comes to cyberattacks, and rightly so. A cyberattack can halt business, add unexpected costs to mitigate, damage a company’s reputation and more. Cybercriminals can take many forms: They may steal your credentia…
Europe, Global Security News, North America
Attacks on Blockchain
by Abhishek Bhati •
WEB3 is the new buzzword in the town of tech, and blockchain is the core technology that is powering this seismic shift in the sea of internet. Cybersecurity and blockchain most often work in a complementary manner, and both are […]
The post Attacks on…
Global Security News, North America
How to eliminate the weak link in public cloud-based multi-party computation
by Help Net Security •
Secure multi-party computation (MPC) has seen steady evolution to tackle many scientific challenges. These include enabling the creation and tuning of AI or machine learning algorithms, as well as developing open-source software and games. Now, digital…
Global IT News
Round13 launches a dedicated fund to invest in blockchain and digital asset market; raises US$70 million to date
by Pragya Sehgal •
Toronto-based venture capital firm Round13 has launched a dedicated, crypto native fund to invest in the emerging blockchain and digital asset market
The post Round13 launches a dedicated fund to invest in blockchain and digital asset market; raises US$70 million to date first appeared on IT World Canada.
Europe, Global Security News, North America, Vulnerabilities
National Security Memo Highlights Quantum Computing Risks
by Nathan Eddy •
A White House memo directed at federal agencies aims to jumpstart efforts to move vulnerable security systems to a quantum-resistant cryptography security posture and maintain investment in quantum computing technology. The document, released on May …
Global IT News
Poilievre would prevent digital currency run by Bank of Canada
by IT World Canada Staff •
The current front-runner for the Conservative Party leadership has said he would prevent the Bank of Canada from developing a central bank-run digital currency if he becomes prime minister. Poilievre, who has been a Conservative member of Parliament for 18 years, has pushed past all the contenders ahead of a September vote to choose the […]
The post Poilievre would prevent digital currency run by Bank of Canada first appeared on IT World Canada.
Security Vendor News
Beanstalk cryptocurrency heist: scammer votes himself all the money
by Paul Ducklin •
Voting safeguards based on commuity collateral don’t work if one person can use a momentary loan to “become” 75% of the community.
Global Security News, North America
Cybersecurity must be at the forefront of a blockchain project
by Help Net Security •
In this video for Help Net Security, Dr. Dmitry Mikhailov, CTO at Farcana Metaverse, talks about cybersecurity in the crypto industry and the vulnerability of a blockchain project. Crypto industry is very young, but has a huge capitalization. Many comp…
Global Security News
Dubai Issues Its First Crypto Law Regulating Virtual Assets
by Hunton Andrews Kurth LLP •
On February 28, 2022, the Emirate of Dubai enacted Law No. 4 of 2022 on the Regulation of Virtual Assets, and established the Dubai Virtual Assets Regulatory Authority. Continue Reading
Global Security News, North America
Web3 and the future of data portability: Rethinking user experiences and incentives on the internet
by Help Net Security •
Tech conversations are now peppered with a new, contentious buzzword: Web3, and we’re all likely to hear a lot more of it in the coming years. It’s an umbrella term for disparate ideas all pointing in the direction of making the internet more dec…
Europe, Global Security News, North America
A HyFi Approach Should be the Answer to DeFi Security
by Andersen Cheng •
I will be the first to admit to my prior skepticism with regards to cryptocurrencies and other sorts of decentralized finance (DeFi). Having spent most of my career immersed in securing centralized structures and in the world of traditional finance (T…
Europe, Global Security News, North America, Vulnerabilities
Cashio Stablecoin: Not Stable—CASH Loses 99.99995%
by Richi Jennings •
A hacker drove a stablecoin into the ground yesterday. Cashio, a USD-backed coin is now all-but worthless.
The post Cashio Stablecoin: Not Stable—CASH Loses 99.99995% appeared first on Security Boulevard.
Europe, Global Security News, North America
Cloudy Crystal Gazing: Top 5 Cloud Security Predictions for 2022
by Anitian •
We’re joined by Dr. Michael J. Savoie to discuss the top 5 cloud security trends and predictions to watch in 2022.
The post Cloudy Crystal Gazing: Top 5 Cloud Security Predictions for 2022 appeared first on Anitian.
The post Cloudy Crystal Gazing: Top…
Global IT News
Lethbridge College to allow students to occupy property in the metaverse
by Pragya Sehgal •
Lethbridge College is partnering with Liquid Avatar Technologies to launch a learning opportunity that will allow students to occupy property in the metaverse.
The post Lethbridge College to allow students to occupy property in the metaverse first appeared on IT World Canada.
Global IT News
Liquid Media and Eluvio screen IndieFlix film on blockchain-powered platform
by Tom Li •
Liquid Media Group and Eluvio screened IndieFlix’s original documentary ANGST on Eluvio’s blockchain-based content platform at the Sundance Film Festival 2022, raising awareness around anxiety and mental health while supporting key charities. Half the proceeds will go towards mental health advocacy organizations, including Jack.org, Lady Gaga’s Born This Way Foundation, and the IndieFlix Foundation. “The […]
The post Liquid Media and Eluvio screen IndieFlix film on blockchain-powered platform first appeared on IT World Canada.
Global Security News, North America
Blockchain technology market to reach $1,431.54 billion by 2030
by Help Net Security •
The global blockchain technology market size is expected to reach $1,431.54 billion by 2030, growing at a CAGR of 85.9% from 2022 to 2030, according to a report by Grand View Research. The market growth can be attributed to the increasing digitalizatio…
Europe, Global Security News, North America, Vulnerabilities
$3 Million Hack of NFTs—‘And Nothing of Value was Lost’
by Richi Jennings •
OpenSea, the NFT marketplace, got hacked last week. Or perhaps it didn’t. Charles Ponzi would be proud.
The post $3 Million Hack of NFTs—‘And Nothing of Value was Lost’ appeared first on Security Boulevard.
Europe, Global Security News, North America, Vulnerabilities
Ice Phishing Takes Advantage of Tectonic Shift to Web3
by Teri Robinson •
The Badger DAO attack last November and December—during which an attacker stole about $121 million from users—is a good example of “ice phishing” on the blockchain. If that term conjures up images of plaid and puffy coat-clad folks huddled around a ho…
Uncategorized
If NFTs were honest…
by Graham Cluley •
No doubt you’ve been unfortunate enough to hear all the hype about NFTs (Non-Fungible Tokens). If you don’t understand what they are, don’t feel too bad about it. The truth is that many people don’t understand what NFTs are. It&…
Uncategorized
More than $400 million drained from hacked blockchain bridges in little more than a week
by Graham Cluley •
Bridge cryptocurrency hack follows bridge cryptocurrency hack follows bridge cryptocurrency hack.
Europe, Global Security News, North America
Do NFT Loopholes Uncover NFT Security Issues?
by Galina LIkhitskaya •
For several weeks, an OpenSea loophole has allowed collectors to buy valuable Bored Ape Yacht Club non-fungible tokens (NFTs) at prices significantly below their market valuation. Thus, Bored Ape Yacht #9991 was bought for 0.77 ETH and then quickly re…
Europe, Global Security News, North America
Cybersecurity Considerations for Web3
by Jin Yang •
We’ve begun a major shift in how the internet is structured. Our current Web2, defined by a read/write architecture that, until recently was dominated by a handful of massive technology companies, is giving way to the next iteration of the internet: W…
Security Vendor News
Wormhole cryptotrading company turns over $340,000,000 to criminals
by Paul Ducklin •
It was the best of blockchains, it was the worst of blockchains… as Charles Dickens might have said.
Europe, Global Security News, North America
Fake Cash Scams Thrive on Facebook and Insta—FTC
by Richi Jennings •
Cryptocurrency scammers love social media—especially Meta’s platforms. Hundreds of millions of dollars were scammed from U.S. consumers in 2021.
The post Fake Cash Scams Thrive on Facebook and Insta—FTC appeared first on Security Boulevard.
Global Security News, North America
Digital transformation leaders reaping the fruits of their investments
by Help Net Security •
Financial services firms who invested in next-gen technologies and continued their digital transformation push in 2021 are already experiencing the positive effects of these investments, according to a global survey of 750 financial service firms, rele…
Global Security News, North America
Cryptocurrency market to reach $2.73 billion in 2025
by Help Net Security •
The global cryptocurrency market is expected to grow from $1.44 billion in 2020 to $1.63 billion in 2021 at a compound annual growth rate (CAGR) of 12.9%. The market is expected to reach $2.73 billion in 2025 at a CAGR of 13.8%, according to ResearchAn…
Europe, Global Security News, North America, Vulnerabilities
Crypto.com: Fortune Favors the Hacker—$16M ‘Stolen’
by Richi Jennings •
DeFi exchange Crypto.com got hacked yesterday, sources say. Users reported imaginary money missing from their accounts—as researchers watched it get laundered.
The post Crypto.com: Fortune Favors the Hacker—$16M ‘Stolen’ appeared first on Security Bou…
North America
Cyber Awareness 2022: Consider Deepfakes, NFTs and More
by Jonathan Reed •
From deepfakes to crypto crime to in-flight drone-based data theft, cyber awareness in 2022 will look a bit different. Good cyber awareness means knowing these risks, even if some of them sound stranger than science fiction. Cyber Awareness and Deepfake Crime What if you got a phone call from a trusted friend or colleague to […]
The post Cyber Awareness 2022: Consider Deepfakes, NFTs and More appeared first on Security Intelligence.
Global IT News
Hashtag Trending Dec. 23- Social media distrust; engineers love blockchain; No vaccine, no pay at Intel
by Samira Balsara •
Files from Tom Li Social media users don’t trust the platforms they use, silicon valley engineers are fervently pursuing blockchain opportunities, and Intel will be placing unvaccinated employees on unpaid leave next year. That’s all the tech news that’s trending right now, welcome to Hashtag Trending. It’s Thursday, December 23, and I’m your host, […]
The post Hashtag Trending Dec. 23- Social media distrust; engineers love blockchain; No vaccine, no pay at Intel first appeared on IT World Canada.
Europe, Global Security News, North America
US Cyber Command Goes on the Offensive
by Christopher Burgess •
This past week, General Paul Nakasone, who is both head of U.S. Cyber Command and director of the National Security Agency, acknowledged that the United States has gone on offense with respect to targeting cybercriminals who have and who might attempt…
Europe, Global Security News, North America
$150M Stolen in ‘Imaginary Money’ Crypto/DeFi Hacks
by Richi Jennings •
Schadenfreude: This week saw a pair of high-profile cryptocurrency thefts, totalling over $150 million.
The post $150M Stolen in ‘Imaginary Money’ Crypto/DeFi Hacks appeared first on Security Boulevard.
Global Security News, North America
Top tech trends for 2022
by Help Net Security •
Info-Tech Research Group has revealed its annual top tech trends insights for the coming year, based on insights from 475 IT professionals who participated in an industry survey, exploring how ripple effects from the pandemic will impact the evolving d…
North America
Treasury Crypto Security Sanction Blocks Exchange Favored by Ransomware Actors
by David Bisson •
The U.S. government sanctioned the cryptocurrency exchange SUEX for moving money for ransomware actors. In essence, that means U.S. citizens and corporate entities are banned from using it. The statement, released in September, is part of a wider effort to boost crypto security and “disrupt criminal networks and currency exchanges”. The First Crypto Security Sanction […]
The post Treasury Crypto Security Sanction Blocks Exchange Favored by Ransomware Actors appeared first on Security Intelligence.
Europe, Global Security News, North America
Biggest Single Crypto Theft: Teen Charged with $36M SIM-Swap Heist
by Richi Jennings •
A Canadian has been charged with stealing C$46 million of imaginary money, via SIM swapping.
The post Biggest Single Crypto Theft: Teen Charged with $36M SIM-Swap Heist appeared first on Security Boulevard.
Europe, Global Security News, North America
Identidad descentralizada — devolviendo los datos a los propietarios
by Vidhiya Lakshmi K G •
Desde abordar un avión hasta comprar una casa, compartimos nuestras credenciales de identidad, como números de seguro social, con varias personas y compañías. En una encuesta del año pasado se identificó que las compañías tienen en su poder el 83% …
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