News
“Following the flow of ransomware payments on the blockchain is instrumental for law enforcement to understand and dismantle ransomware operations,” said Chainalysis CEO Michael Gronager.
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Cybersecurity News
Cybersecurity is a term that sums up a number of activities, procedures and technologies that are used to maintain the protection of computer systems, private data that is stored in digital form, along with hardware and software. There are a lot of various measures that fit in cybersecurity’s definition. Cybersecurity measures include firewalls, cryptography, intrusion detection systems, special design with additional protection and other ways of security control. Cybersecurity companies provide services for both business and domestic use in different forms and approaches. Cybersecurity became an international field of study relatively recently. Cybersecurity certificates are earned by specialists who were taught in universities and various training courses to show proof of their qualifications. The recent outburst of cryptocurrencies and blockchain technologies gave a large boost to the development of cybersecurity.
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Lossless also plans to ship a security tool that will reportedly aid DeFi projects in preventing hacks and exploits on their platforms.
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Malicious actors reportedly took advantage of Coinbase’s SMS account recovery process to gain access to user funds.
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Many in the crypto space are calling for the U.S. to assert its foundational principles by implementing crypto policies in opposition to China.
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Demand for institutional-grade blockchain solutions is on the rise as banks and traditional financial institutions look to invest in cryptocurrencies.
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"This contract opens the door to bigger, more critical uses of blockchain for data protection in a global digital infrastructure, bringing forth the true promises of the core technology," said Benjamin Diggles.
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Despite the finance service industry being bullish on blockchain and crypto, respondents still outlined cybersecurity as the greatest hurdle to mainstream adoption.
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Users who suspect fraud will be able to connect to a live operator, potentially expediting the investigation process.
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“Poly Network has no intention of holding Mr. White Hat legally responsible," said the team.
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The hacker purportedly plans to sell a subset of the stolen information for 6 BTC ($286,000).
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The returned sum represents only a minor portion of the over $600 million stolen from Poly Network.
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The blockchain network behind anonymity-preserving tools including a messaging app has announced that it is exploring plans to launch a private stablecoin.
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The Biden administration reportedly intends to ramp up efforts to trace cryptocurrency payments.
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The Series B funding round was co-led by Coatue Management and Shunwei Capital, with participation from Coinbase Ventures.
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Binance Smart chain and Immunefi are partnering to reward white hat hackers who discover vulnerabilities in BSC projects.
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