Tagged: security

December 19, 2024 @ 5:02 am By Omar Faridi  |  

Blockdaemon and HashiCorp have partnered to integrate and approve Blockdaemon Builder Vault for use with HashiCorp Vault, providing secure Root of Trust services. Builder Vault incorporates Blockdaemon’s Multi-Party Computation (MPC) tech via a Public Key Cryptography Standard (PKCS) #11 plug-in. It generates, stores, and uses… Read More

December 18, 2024 @ 12:00 pm By Omar Faridi  |  

Sumsub is announcing its partnership with Darkex, a blockchain platform renowned for its commitment to trust and security. This collab sets a benchmark for user experiences and compliance in the blockchain space. Sumsub will equip Darkex with verification and anti-money laundering (AML) capabilities, ensuring fast onboarding;… Read More

December 8, 2024 @ 10:58 pm By Omar Faridi  |  

Last month, the total losses from Web3 security incidents have reportedly amounted to appr. $86.24 million. According to the SlowMist Hacked Database, 21 hacking incidents were recorded, resulting in losses of appr. $76.86 million, of which “$25.5 million was recovered.” As mentioned in the update… Read More

December 7, 2024 @ 2:28 pm By Omar Faridi  |  

Entrust, a global enabler of trusted payments, identities, and data security, announces a partnership with PetProov, an online platform that verifies pet buyers, breeders, and adopters. The collab will equip the PetProov platform with the Entrust Onfido identity verification (IDV) to bring “transparency, accountability, and… Read More

December 4, 2024 @ 4:07 pm By Omar Faridi  |  

Circle has introduced Event Monitoring for its Smart Contract Platform. According to Circle, this feature allows developers to: Subscribe to events emitted on Ethereum Virtual Machine (EVM) blockchains Receive real-time notifications via webhooks Take programmatic action based on these events. Circle added that with Event… Read More

November 24, 2024 @ 6:47 pm By Omar Faridi  |  

CoinW, a global cryptocurrency exchange, announces a strategic partnership with CoinCover – a digital asset protection provider – to significantly improve the security of users’ digital assets. This partnership is said to underscore CoinW’s commitment to protecting funds against risks such as hacking, lost access,… Read More

November 21, 2024 @ 11:20 am By Omar Faridi  |  

In Q3 of 2024, Kaspersky professionals reportedly discovered that the number of users encountering apps that “pose” as free VPNs increased by 2.5 times compared to Q2 globally. These apps were malware or programs that could be potentially used by malicious actors. The update from… Read More

November 19, 2024 @ 10:34 pm By Omar Faridi  |  

The Central Bank of Brazil (BCB) noted in an update that Pix now has security rules that apply for registering new devices. As mentioned in the update from BCB, cellphones, computers, and tablets being used in Brazil must now be registered with the bank to… Read More

November 17, 2024 @ 6:09 pm By Omar Faridi  |  

Kaspersky is announcing the opening of its latest Transparency Center in Seoul, South Korea, reaffirming its commitment to delivering the best security assurance for its products and services. Located in the Kaspersky office, the new facility will provide “the company’s stakeholders with services ranging from… Read More

November 6, 2024 @ 8:17 am By Omar Faridi  |  

Banque de France and Monetary Authority of Singapore conducted post-quantum cryptography experiment to enhance communication security. The Banque de France (BdF) and the Monetary Authority of Singapore (MAS) today announced the completion of a joint experiment in post-quantum cryptography (PQC) conducted across “continents over conventional… Read More

November 4, 2024 @ 10:44 pm By Omar Faridi  |  

As the Web3 ecosystem continues to mature and evolve, significantly more capital is flowing into the crypto-assets sector — which, in many cases, has provided opportunities for hackers to “profit” from this by exploiting vulnerabilities on-chain. This, according to an update from CertiK. Unfortunately, blockchain… Read More

November 4, 2024 @ 4:05 pm By Omar Faridi  |  

THORChain via SwapKit is now available in the swap section of Ledger Live Desktop. THORChain is a cross-chain decentralized exchange, enabling Ledger Live Desktop users to swap digital assets across different DLT / blockchain networks “without needing a centralized exchange.” This integration allows for a… Read More

November 2, 2024 @ 4:21 pm By Omar Faridi  |  

In October of 2024, Web3 security incidents led to total losses of approximately $147 million. According to the comprehensive SlowMist Blockchain Hack Archive, 28 separate attacks resulted in about $129 million in losses, with $19.3 million later recovered. These incidents are said to have involved… Read More

November 1, 2024 @ 7:56 am By Omar Faridi  |  

Fenergo, a provider of solutions for Know Your Customer (KYC), Anti-money Laundering (AML) transaction monitoring and Client Lifecycle Management (CLM), announced that is expanded into the energy and commodities sectors. This move provides solutions that aim to simplify client and supply chain onboarding and improve… Read More

October 28, 2024 @ 2:20 pm By Omar Faridi  |  

Infosec VC (venture capital) funding in North America and Europe is in the midst of a “rebound,” according to a report from PitchBook which noted that that the ecosystem is driven primarily by late-stage rounds. PitchBook pointed out that they have tracked $8.8 billion in… Read More

October 27, 2024 @ 8:14 pm By Omar Faridi  |  

Kaspersky’s Global Research and Analysis Team (GReAT) uncovered a sophisticated malicious campaign by the Lazarus Advanced Persistent Threat (APT) group, targeting cryptocurrency investors worldwide. The attackers allegedly used a “fake” cryptogame website that exploited a zero-day vulnerability in Google Chrome to “install spyware and steal… Read More

October 23, 2024 @ 4:30 pm By Omar Faridi  |  

Despite the arrest of key operators in early 2024, Grandoreiro continues to be used by its partners in new campaigns. Kaspersky Global Research and Analysis team (GReAT) has reportedly “discovered a new light version focused on Mexico, targeting around 30 banks.” These findings are to… Read More

October 23, 2024 @ 7:23 am By Omar Faridi  |  

Garanti BBVA Kripto aims to provide high performance, security, and customer trust standards of digital assets by entering strategic collaborations with Ripple through the service received from its subsidiary and IBM, for the safe custody of its digital asset trading platform, which reportedly serves more… Read More

October 17, 2024 @ 10:13 am By Omar Faridi  |  

One of India’s largest and most prominent crypto exchanges, WazirX, had experienced a damaging security breach back in July of this year. If you go and review some of WazirX’s online / social media activity even now, they don’t seem to have resolved this issue… Read More

October 15, 2024 @ 8:33 am By Omar Faridi  |  

France’s crypto hardware wallet maker Ledger says that it is sharply focused on maintaining a high level of security and privacy. Since launching the Ledger Live companion app, the French digital currency hardware wallet maker has continued to work on further improving the user experience… Read More