A group of hackers behind a more than $600 million cryptocurrency heist — one of the largest of its kind – has begun to return the money it stole. As PYMNTS reported Tuesday (Aug. 10), the hackers pulled off the theft by exploiting a vulnerability...
In what is likely the biggest cryptocurrency theft in history, hackers made off with more than $600 million by exploiting a vulnerability in the multi-chain DeFi protocol Poly Network, according to multiple media reports and Twitter. The Poly Network enables users to swap tokens across...
At first glance, the metal or plastic credit card’s place in the connected economy seems a bit … well, tenuous. Tucked in the wallet, that tangible rectangle may not see much daylight in an age where the great digital shift has brought us all to...
As ransomware has increased in proliferation, so has the amount paid on average to the criminals, a Computer Weekly report says, citing data from the Palo Alto Networks Unit 42 security consulting group. The average ransomware victims paid was up by 82 percent since 2020....
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...
