The increasing number of ransomware attacks has become a significant concern in the cyber world. This article explores the growing trend of Ransomware-as-a-Service (RaaS) and focuses on GhostLocker, a newly launched RaaS platform by hacktivist groups. We delve into the lucrative nature of ransomware, the features and capabilities of GhostLocker, its accessibility, and the need for robust cybersecurity measures in
In the ever-evolving landscape of cyber threats, a new technique known as ClearFake has emerged. This malicious tactic involves the distribution of harmful codes through compromised websites, specifically targeting vulnerable WordPress sites. By displaying fake browser update overlays, threat actors aim to deceive unsuspecting users into downloading malicious files and executables. The implications of ClearFake are far-reaching, emphasizing the need
Over the past decade, wealth management platforms have undergone significant transformations to meet the increasing demand for more personalized services. The emergence of hybrid models, combining digital tools and online advice from human managers, has revolutionized the industry. This article explores how these platforms have evolved, offering clients the convenience of performing banking transactions, managing their wealth, and investing in
Woodforest National Bank, a steadfast community bank with a strong customer service record, has recently formed a strategic partnership with Marstone, Inc., a digital investment and planning platform. This collaboration aims to expand Woodforest’s digital channels and offer a wider range of wealth management services to its loyal customer base. By leveraging Marstone’s expertise and trusted platform, Woodforest aims to
Hong Kong’s Securities and Futures Commission (SFC) has announced plans to update its framework on cryptocurrency sales and requirements amid the evolving market development of the digital asset industry. As the popularity and usage of virtual assets (VAs), such as cryptocurrencies, continue to grow, so do the associated risks. The SFC recognizes the importance of investor protection in this rapidly
Plastic surgery practices and their patients are being targeted by cybercriminals, according to a warning issued by the FBI. These criminals aim to exploit sensitive health information and medical photos for extortion purposes. By obtaining this data, they demand ransom payments from practices and patients to prevent public disclosure or sharing with acquaintances. Increase in Hacking Incidents In recent months,
Flanks, a Barcelona-based wealth management platform, has successfully secured $8 million in a Series A funding round led by Earlybird Venture Capital. This significant investment will propel Flanks towards further innovation in the wealth management industry, enabling enhanced client-advisor interactions and streamlined investment decision-making processes. Flanks’ single API for aggregated wealth data Flanks offers a pioneering solution – a single
Reddit, the popular social news aggregation and discussion platform, has announced its decision to permanently shutter its long-running blockchain-based rewards service, “Community Points.” Despite its initial intentions of promoting positive engagement and incentivizing high-quality content, the platform cited scalability concerns as the key driver behind this unfortunate move. Shutting down of community points Starting November 8, 2021, Reddit will begin
The wealth management segment is experiencing a surge in demand for crypto-related services, and BitGo’s recent acquisition is a testament to this growing trend. As asset allocators eagerly await the approval of a spot bitcoin ETF, the need for secure and regulated crypto custody products becomes paramount. BitGo, a leading provider of custodial and security solutions for digital assets, is
Woodforest National Bank, a respected community bank, has teamed up with Marstone, a leading digital investment and planning platform, to enhance its wealth management services. This collaboration is part of Marstone’s Wealth Management-as-a-Service engagement model, which offers a comprehensive solution for financial institutions. Woodforest’s digital transformation With the adoption of Marstone’s platform, Woodforest National Bank will be able to quickly
Token.io, a leading account-to-account (A2A) payment infrastructure provider, has joined forces with Paysafe, a prominent payment platform, to redefine the payment landscape in Scandinavia. This partnership aims to enhance open banking connectivity in Sweden, Norway, Denmark, and Finland, allowing for seamless and secure transactions. Expansion of Token.io’s Open Banking Network in Europe Token.io’s open banking network has proven to be
The United Arab Emirates (UAE) has embarked on a significant initiative to establish its own domestic card scheme aimed at promoting strategic independence from the Visa/Mastercard duopoly. This move is part of the UAE’s broader efforts to enhance its financial sovereignty and reduce reliance on international payment networks. Collaboration and Development The Central Bank of the UAE (CBUAE) and its
