A U.S. couple is set to file a plea deal for their role in laundering $4.5 billion in cryptocurrency from the Bitfinex virtual currency exchange in 2016. Federal prosecutors say they moved crypto to hide their tracks, withdrew it from ATMs and used gift cards to spend the money.
With both excitement and fear swirling around the opportunities and risks offered by emerging AI, seven technology companies - including Microsoft, Amazon, Google and Meta - have promised the White House they would ensure the development of AI products that are safe, secure and trustworthy.
In the latest weekly update, ISMG editors discuss key takeaways from ISMG's recent Healthcare Summit, how the healthcare sector is embracing generative AI tools, and why Microsoft just decided to give all customers access to expanded logging capabilities.
FedNow, the Federal Reserve's first instant payment service, officially launched on Thursday. FedNow so far has 35 banks and credit unions and 16 service providers certified to use the service, including community banks and large lenders such as JPMorgan Chase and Bank of New York Mellon.
Days after attributing the recent breach in its customer environment, enterprise software company JumpCloud on Thursday confirmed the involvement of a North Korean nation-state actor who appears to be financially motivated to steal cryptocurrency.
Between July 14 and 20, senators introduced a bill to address DeFi risk, Nasdaq held back crypto custody plans, DeFi hackers laundered lesser amounts of stolen funds in the first half of this year than in H1 2022, and an Australian bank blocked payments to high-risk crypto exchanges.
Brazil's instant payment system, PIX, is second only to India's UPI in number of transactions. As the United States prepares for the launch of FedNow, GFT's Carlos Kazuo Missao shares his experience with PIX and some important lessons U.S. banks can learn from Brazil.
While self-proclaimed Russian hacktivist groups such as KillNet, Tesla Botnet and Anonymous Russia claim they're wreaking havoc on anti-Moscow targets, a fresh analysis of their attacks finds that despite rampant self-promotion, their real-world cybersecurity impact is typically negligible.
The Biden administration on Tuesday initiated a nationwide cybersecurity certification and labeling program aimed at helping consumers choose smart devices that offer enhanced protection against hacking risks. Products will have a QR code and follow NIST standards.
Microsoft customers will gain access to expanded cloud logging capabilities at no additional cost just days after lower-level customers were unable to detect a Chinese cyberattack. CISA has identified several security logs - critical to detect and prevent threat activity - that currently cost extra.
The Ukrainian Cyber Police dismantled yet another large-scale bot farm spreading Russian propaganda over social media. Cyber police seized nearly 150,000 SIM cards of different mobile operators used in the campaign to create fake social media profiles.
Top U.S. and Australian cybersecurity agencies strongly urged users to patch a critical zero-day flaw in Citrix ADC and Gateway appliances being exploited by unnamed threat actors in the wild. The bug, which is tracked as CVE-2023-3519, gives unauthenticated attackers RCE privileges.
The U.S. government has added two more commercial spyware vendors - Cytrox and Intellexa - to its list of organizations that face restrictions if they attempt to procure American goods or services, owing to the firms' "threatening the privacy and security of individuals and organizations worldwide."
Many critical infrastructure sector organizations, especially smaller entities, will likely struggle to comply with an upcoming requirement to report cyber incidents to federal regulators within 72 hours - due to an assortment of reasons, said Stanley Mierzwa of Kean University.
In the post-digital transformation world - and in advance of the coming of quantum computing - it's time to future-proof cybersecurity by nurturing a culture of security. Dean Coclin of DigiCert discusses how banking institutions can embrace this change.
In this interview with Information Security Media Group,...
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