Expel is out with its new forward-looking report, “Great eXpeltations,”
and ransomware and cryptojacking are among the topics covered. Jon
Hencinski of Expel and Michael Darling of Venable share insights on attack
trends and how to defend against them.
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Highlights...
The scary fact is that the majority of data breaches are caused by human error. With so many technical controls in place hackers are still getting through to your end users. How are they so easily manipulated into giving the cybercriminals what they want? Well, hackers are crafty. And the best way to beat them is to...
Ari Redbord of TRM Labs joins editors at ISMG to discuss President Biden's executive order on digital assets, the role of cryptocurrency in the Ukraine-Russia war and nuances for ransomware victims who consider paying a ransom, and trends in regulatory guidance and leadership for digital currency.
U.S. President Joe Biden this week issued a cryptocurrency executive order that addresses consumer protection, national security and financial stability. Ari Redbord, former senior adviser at the U.S. Treasury, calls this order "a clarion call" for crypto regulation and shares his initial reaction.
The ISMG Security Report features an analysis of the U.S. government's request for billions of dollars in tech aid to curb the global impact of the Kremlin's campaign in Ukraine. It also examines Biden's cryptocurrency executive order and why breached organizations often don't share full details.
As expected, President Joe Biden on Wednesday signed an executive order on cryptocurrency that tackles consumer protection, financial stability, national security and climate risks. The administration calls it the first whole-of-government strategy to rein in cryptocurrencies.
President Joe Biden is expected to outline a whole-of-government approach to reining in cryptocurrencies, which have been criticized for lax cybersecurity measures. Media reports say the administration will announce an executive order on crypto this week, to align the U.S. with global allies.
U.S. officials say that while it would be nearly impossible for Russia to "flip the switch" and convert to cryptocurrency to stabilize its sanctioned economy, they caution that Russian elites and entities may yet try to skirt the measures by transferring and obfuscating funds across the blockchain.
Security experts, legislators and researchers are worried about fraud and money laundering related to cryptocurrency platforms during the Russia-Ukraine crisis. Researchers are already observing a spike in phishing attacks and other threat vectors targeting digital wallets.
Expel is out with its new forward-looking report, "Great eXpeltations," and ransomware and cryptojacking are among the topics covered. Jon Hencinski of Expel and Michael Darling of Venable share insights on attack trends and how to defend against them.
In the latest "Proof of Concept," Grant Schneider, senior director of cybersecurity services at the law firm Venable, and Ari Redbord, head of legal and government affairs at TRM Labs, join editors at Information Security Media Group to discuss trending cybersecurity issues.
Xenomorph, a new banking Trojan that appears to be linked to the nasty Alien malware family and has been downloaded more than 50,000 times in the Google Play Store, has been targeting European banks. But ThreatFabric research shows that overlay attacks more frequently target cryptocurrency wallets.
Following recovery of $22.25 million in cryptocurrency on USB sticks and in an "online safe," 23 victims of a cryptocurrency scam have received $5.4 million that was stolen from them, according to the U.K. Greater Manchester Police.
Cryptocurrency exchange Coinbase briefly halted its services Feb. 11 after a security researcher uncovered a critical vulnerability affecting its Retail Advanced Trading platform, allowing malicious users to sell BTC without owning any. The researcher who found the flaw got a $250,000 bug bounty.
The Department of Justice has named Eun Young Choi as its first National Cryptocurrency Enforcement Team's director, and the FBI formed the Virtual Asset Exploitation Unit to assist with blockchain analysis for theft and extortion crimes that have connections to crypto.
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