As much as the digital shift has given a boost to new and existing online ventures and processes, this rising tide has also increased the number of “surfaces” that cybercriminals have to work with, despite our collective best efforts to stop them. “The fraud just...
The Securities and Exchange Commission (SEC) charged a Florida duo operating a Cayman Islands company with more than $30 million in unregistered securities sales and misleading investors, according to a Friday (Aug. 6) press release. Gregory Keough, Derek Acree and their company Blockchain Credit Partners...
Following a series of high-profile infrastructure attacks, the federal government has turned to the world of Big Tech to help protect against cybercrime. As The Wall Street Journal reported on Thursday (Aug. 5), the Department of Homeland Security’s (DHS) Cybersecurity and Infrastructure Security Agency is...
When it comes to technology upgrades, especially large-scale security enhancements, the halls of IT departments are filled with vivid illustrations as to why “rip and replace” is not an optimal strategy. It’s a touch-and-go process that is sometimes likened to changing the engines on an...
Chinese cryptocurrency is the latest involved in a rash of illicit activity involving $2.2 billion in digital payment tokens used in scams and dark internet operations over a two-year period. Chinese cryptocurrency addresses sent and received funds for illegal activity from April 2019 through June...
In A Decade of Digital Transformation in 12 Months, 46 C-suite executives spoke with PYMNTS for its Q2 eBook on what the world will look like as recovery rolls on and the next iteration of normal rolls out. In this excerpt, Marc Olesen, president and...
Approaches to ransomware payoffs are getting a lot of attention from government agencies, cybersecurity firms and think tanks, but the FBI has now handed down its official recommendation to Congress: Don’t make the payments illegal, CNN reported on Wednesday (July 28). “If we ban ransom...
The U.S. Department of Justice (DOJ) is doing a deep dive into Tether to ascertain whether the bosses behind the stablecoin held back information from banks that transactions were connected to cryptocurrency, Bloomberg reported on Monday (July 26), citing sources. The possible criminal conduct in...
What is a bank? Seems like a simple enough question, but in an era of digital-only challenger banks with lofty valuations and purpose-built missions and products, the answer can be slightly more complex. Challenger banks, Ingo Money CEO Drew Edwards said, have done a great...
