Cryptocurrency trading platform Robinhood Crypto will pay $30 million to the state of New York after an investigation revealed deficiencies in its cybersecurity and anti-money laundering programs. The company will also retain an independent consultant who will monitor remediation efforts.
Attackers drained crypto assets worth nearly $200 million on Monday from cross-chain bridge Nomad, a "security-first cross-chain messaging protocol." Experts say the attack occurred after Nomad updated its smart contracts and inadvertently made it easy to spoof transactions.
Commodity markets have created a cryptocurrency bloodbath that may not be over, but Richard Bird of SecZetta says economic patterns in history show that crypto "is not invalidated as a mean of commerce and exchange." He discusses the blockchain and the possible future uses of crypto.
How many organizations fall victim to a ransomware outbreak? How many victims pay a ransom? How many victims see stolen data get leaked? A new study from the EU's cybersecurity agency ENISA offers answers, but carries major caveats due to rampant underreporting of such attacks.
Here's unwelcome ransomware news: When a ransomware victim chooses to pay a ransom, the average amount has increased to $228,125, reports ransomware incident response firm Coveware. On the upside, however, big-name ransomware groups are having a tougher time attracting affiliates.
The report from Israeli publisher Globes that CrowdStrike plans to spend $2 billion buying one or more Israeli cybersecurity companies sent shockwaves through the industry. Here's a look at six security startups with a large presence in Israel that could be a good fit for CrowdStrike.
The ISMG Security Report analyzes a settlement with the U.S. Justice Department, in which Uber accepts responsibility for a data breach cover-up to avoid criminal charges. It also discusses why early-stage startups are conserving cash and recent initiatives from the U.S. Federal Trade Commission.
Human and PerimeterX will join forces to prevent fraud and account abuse and address a broader range of use cases. The combination will create a bot mitigation monster with 450 employees, more than $100 million in annual recurring revenue and more than 500 customers across media and e-commerce.
Michael Alan Stollery, the chief executive of Titanium Blockchain, pleaded guilty in U.S. federal court to securities fraud in a scheme involving a fraudulent cryptocurrency initial coin offering in which $21 million was stolen. Stollery faces up to 20 years of imprisonment.
Big, bad bugs - including the likes of Heartbleed, BlueKeep and Drupalgeddon - never seem to burn out. Instead, they just slowly fade away, despite the risk that attackers will successfully exploit them to steal data, seize control of systems or deploy ransomware.
A music streaming blockchain service patched a bug on a smart contract that had gone undetected since 2020. An attacker used it to steal $AUDIO crypto tokens worth nearly $6 million and sold them for more than $1 million. The vulnerability wasn't detected by multiple smart contracts security audits.
Nascent startups have ditched the "growth at all costs" mantra of 2021 to hold onto enough cash to weather the macroeconomic storm expected later this year. Gone are the days of security vendors promising to double annual sales while burning cash even faster than they bring in new business.
Exploring new ways to offer security as a service from his organization to external customers is an exciting challenge and opportunity, says Sean Mack, CIO and CISO of publishing company Wiley. He also discusses aligning security investments with the company's biggest business risks and goals.
Getting cybersecurity right means CISOs need peer relationships with other operations executives. CISOs need board access and a handle on the company business, writes Ian Keller, director of security at a telecom company. "And then you'll wake up and realize this is not as simple as it sounds."
The U.S. Department of Justice unsealed its first insider trading case involving cryptocurrency markets, marking an escalation of traditional oversight. The case comes as a federal jury convicted a New York man for defrauding investors who bought into his supposed cryptocurrency.
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