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Ransomware Group Strikes Again: Canon Takes a Hit

Canon recently suffered a cyber attack where approximately 10 terabytes of files, photos and data were stolen.   Maze Group Hunts for Crypto  As investigations were carried out, it was suspected by cyber support site BleepingComputer that the attack was orchestrated by Maze ransomware group. On top of the 10 TB of data and private databases that were compromised, Canon also suffered an outage on their domain image.canon. However, … Continue reading Ransomware Group Strikes Again: Canon Takes a Hit

Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps

Facebook has expanded its fintech horizons and announced the launch of a new product group dedicated to payments purposes.  Introducing Facebook Financial The new group, called Facebook Financial, or F2 by the internal team behind it, will direct all Facebook payments projects and regroup all of the platform’s ventures under one umbrella. The fintech project includes Facebook Pay, which is … Continue reading Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps

Lazarus Group Hacks for Crypto via LinkedIn Blockchain Job Posting

A hacking operation that is allegedly backed by North Korea has been reported to be targeting blockchain and cryptocurrency employees through LinkedIn.   Malware Infiltrates LinkedIn The group of cyber hackers, Lazarus, has been growing their online presence through their huge cyber-attack operations. Since 2017, Lazarus ransomware group has accumulated over $571 million in stolen cryptocurrencies. According to a report by Finnish cybersecurity firm F-Secure, the latest cyber-attack from … Continue reading Lazarus Group Hacks for Crypto via LinkedIn Blockchain Job Posting

Ransomware Group Demands $4M in Bitcoin from Argentina, Border Activity Halted for 4 Hours

A Bitcoin ransomware attack was directed towards Argentina’s immigration agency, halting border crossing temporarily. Netwalker Malware Strikes Again It appears as though the notorious ransomware group Netwalker has struck again with their infamous cryptocurrency demands. According to the computer support platform Bleeping Computer, this may be the first time that a cyber attack on a … Continue reading Ransomware Group Demands $4M in Bitcoin from Argentina, Border Activity Halted for 4 Hours

Bitmain Partners With Digital Currency Group's Foundry to Fuel Crypto Mining Business in North America

Crypto mining giant Bitmain has announced that it will be partnering with crypto mining firm Foundry to extend its services to North America. The announcement was made on September 10, and through the partnership, Chinese Bitcoin mining firm Bitmain hopes to enhance its financial services to North American customers. Bitmain has announced that it has … Continue reading Bitmain Partners With Digital Currency Group's Foundry to Fuel Crypto Mining Business in North America

Member of Dark Overlord Crypto Hacking Group Pleads Guilty to Ransom Attacks

UK national Nathan Wyatt was found guilty of multiple charges this week after extracting personal information from victims, demanding payment in Bitcoin as a ransom to prevent Wyatt from exploiting sensitive data obtained by illicit means. Wyatt, a member of the notorious Bitcoin ransom group “The Dark Overlord”, was found guilty of multiple charges this … Continue reading Member of Dark Overlord Crypto Hacking Group Pleads Guilty to Ransom Attacks

Ant Group Launches Blockchain-Powered System to Help SMEs in Cross-Border Trade

Ant Group, China’s Alipay owner, has established a blockchain-enabled smart contract platform dubbed Trusple to assist small and medium enterprises (SMEs) in carrying out cross-border trade seamlessly. The blockchain system is touted to be a stepping stone towards assisting SMEs and banks hasten and secure the settlement and processing of orders. Securing cross-border trade Trusple … Continue reading Ant Group Launches Blockchain-Powered System to Help SMEs in Cross-Border Trade

Trump Administration May Consider Placing China’s Ant Group on Trade Blacklist

The US State Department recently submitted a proposal to add Ant Group, China’s multibillion-dollar digital payments company, to a trade blacklist, inhibiting the fintech giant’s business operations within the US. China and US caught in tech power struggles The proposal is said to be currently pending review by the Trump administration, according to people familiar … Continue reading Trump Administration May Consider Placing China’s Ant Group on Trade Blacklist

Ant Group Chairman Eric Jing: Blockchain Will be the New Standard of the Future Financial Infrastructure

Recently, Ant Group Chairman Eric Jing spoke about the future of financial infrastructure, and that blockchain will become a new standard. Given the economic effects from the COVID-19 pandemic, Jing said that it has divided human history into two eras, the pre-pandemic era, and the post-pandemic era, similar to the beginning of the first century.  … Continue reading Ant Group Chairman Eric Jing: Blockchain Will be the New Standard of the Future Financial Infrastructure

World's Largest IPO Ant Group to Raise $34.4 Billion, What is behind it?

Alibaba founder and China’s richest man Jack Ma is set to become even richer as Ant Group prepares for the largest IPO in history projected to raise $34.4 billion.  Ant Group IPO is ready On Monday, Ma’s Ant Group priced its dual listing on the Hong Kong Stock Exchange and Shanghai’s Star Market at 80 Hong … Continue reading World's Largest IPO Ant Group to Raise $34.4 Billion, What is behind it?

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