Security - Page 2 of 232

Ukrainian Security Department And Law Enforcement Uncover a Crypto Mining Farm in a Railway Subdivision in Lviv

According to a report, Ukrzaliznytsia has uncovered a hidden cryptocurrency mining farm in the Lviv railway subdivision, which has been making use of the country’s electricity without paying for it. This secret mining company was discovered by Ukrzaliznytsia’s security department, in conjunction with law enforcement officials. Oleg Nazaruk, Director of the Department of Economic and … Continue reading Ukrainian Security Department And Law Enforcement Uncover a Crypto Mining Farm in a Railway Subdivision in Lviv

Cryptocurrencies Added to the List of Top Threats to Investors by Texas Security Board

According to the latest Texas Investors Guide, Texas regulators have added cryptocurrencies to the list of top threats to investors. In an edition of the states Securities Board’s “Texas Investor Guide: Strategies for Investing Wisely and Avoiding Financial Fraud,” the regulatory body included cryptocurrencies to the list of investments with potential red flags. The report … Continue reading Cryptocurrencies Added to the List of Top Threats to Investors by Texas Security Board

3 Ways Blockchain is Transforming Cybersecurity

People have become more tech-savvy as they are considerably embracing various technological innovations, such as the internet and blockchain. As a result, the online world has become a beehive of activities as people transact, communicate, and gather a wide range of information, among others. Nevertheless, safety concerns have risen as hackers and fraudsters continue wreaking … Continue reading 3 Ways Blockchain is Transforming Cybersecurity

Coinbase Becomes First Custodian to Pass Two Major Security Evaluations

Coinbase Custody has become the first cryptocurrency custodian to pass two new security evaluations. In a press release published on Feb. 12, Coinbase Custody announced it had been awarded both Service Organization Control (SOC) 1 Type 2 and SOC 2 Type 2 reports by accounting firm Grant Thornton. What is SOC? For Coinbase Custody clients, these reports … Continue reading Coinbase Becomes First Custodian to Pass Two Major Security Evaluations

Five Things Everyone Should Know About Blockchain Benefits in Aviation Security

Blockchain technology can create new service models and efficiencies for airlines. Security professionals believe that blockchain technology has the ability to secure many processes and transactions across the aviation ecosystem. Since blockchain can be decentralized, its feature of storing data on a digital ledger makes it attractive to avionics players involved in the aviation industry as … Continue reading Five Things Everyone Should Know About Blockchain Benefits in Aviation Security

KPMG Advocates for Institutional Custody as Estimated $9.8 Billion of Crypto Stolen Due to Lack of Security

One of the big four accounting firms, KPMG estimated that at least $9.8 billion in cryptocurrencies have been stolen by hackers since 2017 due to security issues or poorly written code. According to the KPMG report, the cryptocurrency market will need to see huge improvements for the $245 billion industry to keep growing. The first … Continue reading KPMG Advocates for Institutional Custody as Estimated $9.8 Billion of Crypto Stolen Due to Lack of Security

LocalBitcoins Seller Charged by US Homeland Security for Money Laundering

US officials at Homeland Security have found Bitcoin seller, Kenneth Rhule guilty for operating fraudulent business activity amounting to $ 140,000 in cash for Bitcoin. An official complaint revealed that the 26-year-old criminal also known as “Gimacut93”, has placed advertisements for in-person cash-for-Bitcoin exchanges on localbitcoins.com.   Rhule appeared in Seattle where he was tried at the … Continue reading LocalBitcoins Seller Charged by US Homeland Security for Money Laundering

SEC Delays Decision on Overstock-Backed Security Token Exchange

The U.S Securities and Exchange Commission (SEC) has postponed the decision of disapproving or approving the launch of the Boston Security Token Exchange (BSTX). The commission is seeking more time and more feedback before it makes such a decision. The Commission Seeks More Feedback Over Next Three Weeks In a letter published on April 1, … Continue reading SEC Delays Decision on Overstock-Backed Security Token Exchange

Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong Amid Implementing Controversial National Security Law

Chinese officials are to consider a cross-border Asian stablecoin in Hong Kong, to facilitate a cross-border payment network between three Asian countries, and four currencies – China, Japan, South Korea, and Hong Kong. The world’s second-largest economy is aiming to build Hong Kong into an international financial center in the digital economy era. At China’s … Continue reading Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong Amid Implementing Controversial National Security Law

Hacking 101: Security of Bitcoin Wallets, From a Hacker's Point of View

The safety of crypto wallets was recently questioned, after an incident where a Bitcoin address was successfully hacked. John Cantrell, better known as a Bitcoin and Lightning Network developer, successfully completed a challenge issued by Alistair Milne and obtained the private keys to the latter’s e-wallet. The challenge went viral on social media, with people … Continue reading Hacking 101: Security of Bitcoin Wallets, From a Hacker's Point of View