Octopus Ventures has bolstered its commitment to fintech innovator Seccl with a significant new investment, showcasing a firm belief in Seccl’s potential to transform wealth management with advanced technology. Since acquiring Seccl in 2019, Octopus has been pivotal in accelerating its growth, particularly through the development of investment and custody APIs designed for efficient savings and pension portfolio management. Seccl
The landscape of cyber threats is ceaselessly evolving, demonstrating an arms race between cybersecurity measures and increasingly sophisticated criminal tactics. One such advancement that has raised alarm bells is the emergence of GoldPickaxe, a novel iOS trojan developed by the Chinese cybercrime group GoldFactory. Known for their crafty cyber offensives, GoldFactory has mainly focused its nefarious activities within the Asia
A cybersecurity incident has breached the barriers of a U.S. state government organization, setting off alarms about the latent dangers of inactive accounts. This breach was reported by CISA, the definitive watchdog of our nation’s cyberinfrastructure, and MS-ISAC, a vital network for information collation and threat analysis. The compromised account of a former employee acted as the hacker’s gateway, leading
The cyber threat landscape is ever-changing as malicious actors refine their strategies to bypass cybersecurity measures. Among these emerging threats, the Anatsa banking Trojan stands out for its focused attacks on European financial institutions. Recognized initially in earlier incursions, Anatsa has seen a significant revival beginning in November 2023, demonstrating the relentless progression of cyber threats. Known for its stealthy
Supervillain Labs is revolutionizing the gaming world by integrating blockchain technology to transform how game inventories work. This evolution in gaming infrastructure is set to provide players with a new level of control over their digital belongings, offering authentic ownership and heightening in-game asset security. By introducing a system that ensures indisputable asset management and transparency, Supervillain Labs is addressing
As we move into an era of continuous technological advancements, the financial sector is undergoing a transformative shift. The objective is not only to improve investment outcomes but also to personalize the investing experience. The convergence of intuitive technological solutions and a deep understanding of investor behavior is reshaping the financial landscape. This transformation aims to make finance more accessible,
According to the World Economic Forum’s Global Risks Report 2024, we stand on the precipice of a disinformation epidemic that threatens to undermine elections on an international scale. In this era of interconnectedness and instant communication, falsehoods can spread faster than fact-checkers can respond, shaping public opinion and, by extension, the very outcome of elections. The pervasiveness of fake news
Coin Metrics has conducted a comprehensive analysis of the security mechanisms behind Bitcoin and Ethereum, two of the world’s leading cryptocurrencies. Their groundbreaking research introduces a novel metric called “Total Cost to Attack” (TCA), which measures the financial barriers an attacker would face when trying to compromise these networks. The study’s insights have significantly bolstered confidence in the robustness of
Citigroup is revitalizing its approach to wealth management under the guidance of Andy Sieg, a veteran from Bank of America. Taking significant steps, Citi now mandates private bankers to check in with their wealthy clients, those with $10 million or more in assets, at least once every quarter. This compulsory interaction policy is set to better the sale of investment
Ethiopia is venturing into the cryptocurrency scene with a significant move, partnering with a Hong Kong-based data center company for a $250 million project. This substantial investment signals the Ethiopian government’s commitment to embracing technological advancements. The strategic collaboration seeks to construct cutting-edge data centers that promise to boost data mining operations and advance AI training initiatives. Kal Kassa from
In the dynamic financial sector, MDIM Holdings’ strategic $500,000 investment into Life DeFi marks a turning point in making asset management accessible. This partnership is revolutionary, aiming to eliminate the monopoly of institutional investors in investment avenues. The integration of MDIM Holdings with the innovative decentralized finance platform of Life DeFi is a game-changing move. It promises to overhaul traditional
The Coyote malware stands as a stark manifestation of cybercriminal innovation, with a direct focus on over sixty financial institutions within Brazil’s borders. Deviating from traditional banking malware, which typically resides on Delphi or MSI installers, Coyote adopts cutting-edge programming languages like Node.js, .NET, and Nim. This strategic choice exemplifies the ongoing evolution of cybercriminal tactics designed to penetrate advancing
