More proof that when it comes to crime, there's nothing new under the sun: Federal prosecutors have charged two men with attempting to extort cryptocurrency worth more than $12 million from a startup firm planning to undertake an initial coin offering, in part via physical intimidation.
Government agencies and private sector organizations around the world are experimenting with the use of blockchain to help manage digital identity. Here are three examples of pioneering efforts in the U.S., Canada and India.
U.K. authorities are attempting to seize more than $1.1 million in cryptocurrency from a notorious British hacker who carried out attacks that targeted more than 100 companies over a two-year period, according to the Metropolitan Police Service. The currency will be sold, with proceeds used to compensate victims.
The fast-evolving, sophisticated, and increasingly global threat of financial crime is one of banking's biggest challenges. To be truly future-proof, institutions must move faster than the criminals who seek to attack them - which makes one thing clear: The most successful and profitable banks of tomorrow will be...
To leverage blockchain for identity management at the enterprise level, CISOs first need to form a governance structure, says Prasanna Lohar, head of innovation at DCB Bank, a private banking company in India, who describes all the necessary steps.
At a Senate committee hearing on Tuesday, lawmakers grilled a Facebook executive about the company's plans to launch a cryptocurrency. One Democratic senator said Facebook "does not respect the power of the technologies they are playing with - like a toddler who has gotten his hands on a book of matches."
Critics say blockchain is a technology looking for a purpose, but Microsoft's David Houlding says organizations are using blockchain today to validate identities and to help prevent fraud. He shares use cases and emerging best practices.
Six suspects have been arrested as part of a 14-month international police probe into the theft of at least $28 million worth of bitcoin cryptocurrency from more than 4,000 victims in at least 12 countries. Investigators say attackers appear to have "typosquatted" legitimate bitcoin exchange sites.
The latest edition of the ISMG Security Report analyzes the security and privacy implications of Facebook's new digital currency - Libra. Also featured: Discussions on the rise of machine learning and IT and OT collaboration on cybersecurity.
With Facebook now officially preparing to launch its own cryptocurrency, Libra, in 2020, the social media giant is facing a privacy and security backlash both in the U.S. and Europe. Lawmakers and regulators are raising concerns about the offering based on the company's poor history of protecting user data.
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? Attend this session to learn:
More about blockchain and its uses beyond digital currencies
The value of...
Tremendous technology changes in recent years have made exponential leaps in the way we will communicate, interact and transact with each other. The Internet of Things has brought about the potential for embedded low cost sensors on everything around us, on us and even in us. Blockchains and smart contracts with...
Malicious cryptomining has consistently been one of the top threats across all internet activity in 2018. Cryptocurrency's market volatility could make it much more lucrative than ransomware.
Download this eBook and find out who they're targeting and how to protect your network.
From blockchains and surveillance to backdoors and GDPR, a group of leading cryptographers rounded up the top cybersecurity and privacy matters of the day at the cryptographers' panel held at the recent RSA Conference 2019 in San Francisco.
Browser-based cryptocurrency miners are falling out of favor as virtual currency prices remain low, IBM says. But the company says malware-based miners are coming back, including fileless ones that rely on Powershell. Here's the lowdown.