Security & Fraud

Security & Fraud
SushiSwap Crypto Platform Victimized by $3M Hack
September 17, 2021

SushiSwap Chief Technology Officer Joseph Delong said in a Twitter thread Friday (Sept. 17) the community-based decentralized finance (DeFi) company’s Minimal Initial SushiSwap Offering (MISO) platform fell victim to a software supply chain attack, according to an Ars Technica report. Users can swap, earn, lend,...

Security & Fraud
Apple Software Patch is an Indication of an Intensifying Cybersecurity Arms Race 
September 16, 2021

Apple released an emergency software patch on Monday (Sept. 13) after researchers at University of Toronto’s Citizen Lab uncovered a security flaw that could allow hackers to secretly install spyware on Apple devices through iMessage without users’ knowledge. Researchers found that the advanced form of spyware from...

Security & Fraud
FTC: Health Apps, Wearables Need to Tell Consumers of Data Breaches
September 15, 2021

The Federal Trade Commission (FTC) has said health apps and connected devices must comply with the Health Breach Notification Rule, making it so they must notify users when data is breached, according to a press release. The FTC said health apps and wearables, with the...

Security & Fraud
NFT Plaform OpenSea Said Employee Bought Items Before Sale
September 15, 2021

Nonfungible token (NFT) marketplace OpenSea, which works as a platform to buy and sell digital collectibles, is investigating a case in which one of its top executives used inside knowledge to buy items ahead of promotion, the Financial Times (FT) reported. The site said an...

Security & Fraud
Apple Fixes Flaw That Was Causing Software Breach Since February
September 13, 2021

Apple has put out a new security update to fix a flaw that caused a software breach for months, The Wall Street Journal (WSJ) reported Monday (Sept. 13). NSO Group, an Israeli cybersecurity firm, has been exploiting a vulnerability to silently infect iPhones using iMessage...

Security & Fraud
55% of Consumers Are Too Scared to Store Their Payment Details Online
September 13, 2021

The data breaches that have grabbed headlines and seemed to increase in frequency during the pandemic have kept consumers on their toes when it comes to storing data with merchants. Amid the roughly 400% increase in cyberattacks estimated by the FBI in 2020 that targeted...

Security & Fraud
Mastercard’s CipherTrace Deal Brings Trust and Blockchain Forensics to Crypto Space
September 13, 2021

As crypto and digital currencies take shape — where bitcoin, blockchain, CBDCs and stablecoins jostle against one another for pre-eminence — there needs to be the proverbial adult in the room. By which we mean: The someone who makes sure that things are safe, secure...

Security & Fraud
SEC Charges Rivetz in Connection With $18M ICO
September 09, 2021

Rivetz Corp., along with Rivetz International and both organizations’ leaders, have been charged by the Securities & Exchange Commission (SEC) with allegedly making an illicit coin offering, a press release says. Between July and September 2017, Rivetz reportedly offered and sold tokens called ‘RvT tokens’...

Security & Fraud
Cyberattack Victimizes New Zealand Banks, Post Office
September 08, 2021

New Zealand was briefly the center of the cybersecurity world on Wednesday (Sept. 8), when several financial institutions (FIs) and the national post office were shut down by what government leaders said was a cyberattack. The Computer Emergency Response Team (CERT) said it was aware...