Attackers have stolen $23.5 million in cryptocurrency from Bancor, which is developing a decentralized exchange. The cause of the hack may have been a failure by Bancor to protect authentication keys that allowed for changes in its token smart contracts.
Quantum computing, blockchain, crypto, internet of things: There's a lot of hype around these technology areas, says Jon Geater, CTO of Thales e-Security. So it's essential to pierce the hype and see what's useful and applicable for practitioners.
Australian police in Queensland are pursuing a criminal investigation into what may be one of the first instances of a company swiping cryptocurrency using a software backdoor after a business deal went bad.
The alluring promise of gold inspired almost half-a-million to risk it all and rush to California in the mid-20th century in hopes of striking it rich. Although gold mining was fruitless for the most part, cunning opportunists profited off of desperate '49ers by selling synthetic gold or mines of no real value. A...
Experts have long warned that bitcoin is not as private as it appears. The very design of bitcoin, as well as some other virtual currencies, can lend a surprising amount of information about the groups using it to transact. In fact, it's sometimes easier to track than if criminals used the banking system.
Universities throughout Florida are adding more cybersecurity courses in an effort to better train the next generation of practitioners, says Ernie Ferraresso of the Florida Center for Cybersecurity, which recently provided a second round of funding for the effort.
Early experiments are demonstrating how blockchain, the distributed and immutable ledger behind virtual currencies, potentially could play an important role in identity management, says Avivah Litan, a Gartner Research analyst.
A remote code execution vulnerability revealed in late March in the Drupal content management system is now being used on a large scale for mining the virtual currency monero, a researcher says. At least 400 websites have been infected, and the total number is likely far higher, security experts warn.
Blockchain is high on the hype meter in 2018, but Gartner's Avivah Litan is encouraged by practical applications of the technology to secure financial transactions, protect identity and help organizations fight fraud.
While some security experts see endpoint detection and response suites, or EDRs, as the successor to endpoint protection platforms, or EPPs, both have a role to play in securing the enterprise.
Implementing EDRs is time-consuming and requires specialized skills. EDRs generate so much finely detailed technical data...
Security leaders understand that applications represent the largest and most commonly compromised threat vector for many organizations. For this reason, application security needs to be an integral part of your software development tools and processes.
The most mature application security programs today are...
Financial fraud can be notoriously hard to detect and easy to cover up. But does blockchain technology with its distributed digital ledger now offer a new tool to help organizations reduce risk and prevent fraud?
This session describes:
More about blockchain and its uses beyond digital currencies;
The value of...
Now that it's been confirmed that an insider at Punjab National Bank paved the way for $1.8 billion in fraudulent transactions, RBI, the nation's central bank, is reiterating the need to strengthen security measures tied to SWIFT interbank transactions, and security experts are offering risk mitigation advice.