The U.S. SEC announced civil action against defunct cryptocurrency lending platform BitConnect for allegedly defrauding investors out of $2 billion. In response, experts say cryptocurrency markets will face continued scrutiny over investor protections, fraud and security.
As the United States heads into a holiday weekend, experts are warning that ransomware-wielding attackers are sure to unleash crypto-locking chaos in the coming days, with Conti ransomware attacks in particular having been rising sharply in recent weeks.
While there is currently a lack of specific cyberthreats, Deputy National Security Adviser Anne Neuberger urges organizations, especially those in critical infrastructure, to take precautions over the Labor Day weekend, as threat groups have taken advantage of previous holidays to conduct attacks.
Several companies that use the OpenSSL cryptography library toolkit are reportedly scrambling and releasing security advisories to their users following patching of two vulnerabilities that were first fixed and disclosed to users on Aug. 24.
The operators of LockFile ransomware have adopted new techniques, including "intermittent encryption," to help evade detection, according to cybersecurity firm Sophos.
As the last U.S. military flight lifted off Tuesday evening from the airport in Kabul, Afghanistan, what's been left behind reportedly includes a vast trove of biometric data that could be used to identify - including for interrogation or execution - individuals who assisted the occupying NATO forces.
Researchers have released details of a serious vulnerability in Microsoft's Exchange email server, nicknamed "ProxyToken." The bug, which was patched by Microsoft in April, could be exploited to copy emails from Exchange inboxes.
By some estimates, the managed security services business is expected to grow by 50% between 2020 and 2025. And a huge part of that growth will by XDR, says Colin O'Connor, COO of ReliaQuest. He explains why XDR is far more than just vendor hype.
The cybersecurity firm IronNet, founded and led by retired Army Gen. Keith Alexander, has gone public without an IPO by merging with LGL Systems Acquisitions Corp., a "blank check" shell company formed to handle such mergers. Meanwhile, Checkpoint has announced plans to acquire the email security firm Avanan.
Users of OpenSea, a marketplace for blockchain-based digital assets such as crypto collectibles and non-fungible tokens, are being targeted by scammers pretending to be the company's support staff on Discord. The attackers exploited a method OpenSea uses to service support tickets on Discord.
Although research firm Gartner forecasts that spending on cybersecurity will surpass $150 billion in 2021, "the proportion of investment going to companies raising investment for the first time is significantly down," says Saj Huq, director of cyber innovation at Plexal, a center for innovation in the U.K.
The U.S. Securities and Exchange Commission will monitor decentralized finance transactions, after contracting with the blockchain cybersecurity firm AnChain.AI. Legal experts suggest this and other recent moves preview increased regulation of the decentralized finance space.
Sen. Pat Toomey of the Senate Banking Committee is requesting input from the cryptocurrency and blockchain community to inform future legislation on its security and privacy. Several experts praise efforts to regulate the space, but cite its complexities.
A vulnerability in Microsoft Azure's database service Cosmos DB has potentially put at risk thousands of Azure customers, including many Fortune 500 companies, according to the security firm Wiz. Microsoft has mitigated the flaw.
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