The Commodity Futures Trading Commission (CFTC) has taken legal action against individuals and their organization, Fundsz, for their involvement in a deceptive scheme related to cryptocurrencies and precious metals trading. The defendants allegedly enticed investors with implausible returns based on a purported “proprietary algorithm.” This article delves into the details of the case and the actions taken by the CFTC
The United States Federal Reserve’s instant payment system, FedNow, has recently announced its partnership with Dropp, a cutting-edge payment application based on the Hedera Hashgraph (HBAR) Network. This collaboration aims to provide merchants with the ability to receive payments from consumers without incurring significant transaction fees, utilizing the innovative capabilities offered by Dropp. FedNow Payment Platform and Its Features Launched
Cryptocurrency exchange Bybit has recently introduced its new Wealth Management product, aiming to provide personalized solutions that offer attractive returns while minimizing risks for investors. With a focus on cutting-edge strategies and robust risk management, Bybit’s Wealth Management is designed to deliver consistent returns regardless of market conditions. This article explores the key features and benefits of this innovative offering.
In the realm of cybersecurity, researchers are continuously battling against an ever-evolving landscape of malware. One such elusive threat that has recently come under scrutiny is the Gigabud banking malware. As cybercriminals become more sophisticated, it is imperative for experts to uncover their tactics and protect financial organizations and their customers. In this article, we will delve into the findings
With the rapid digitization of sensitive information, data breaches have become an alarming concern, as evidenced by the recent incident at ADSC (Advanced Dental Services Corporation). Between May 7 and July 9, 2023, nearly 1.47 million individuals fell victim to unauthorized access and data theft, highlighting the pressing need for robust cybersecurity measures in the healthcare sector. In this article,
Current advancements in artificial intelligence (AI) have revolutionized various industries, but beneath the surface lies a concerning reality. Recent academic and corporate research reveals that existing AI models suffer from significant drawbacks, including being unwieldy, brittle, and malleable. Moreover, these models were trained without giving due importance to security, resulting in complex collections of images and text that are vulnerable
The iris-scanning crypto project, Worldcoin, is revolutionizing the crypto industry by providing an innovative solution for verification and accessibility. Recently, Worldcoin unveiled a groundbreaking feature that allows even unverified customers to reserve their Worldcoin (WLD) tokens. This development marks a significant step towards democratizing cryptocurrency ownership and enabling wider participation in the Worldcoin ecosystem. Reservation Feature in World App The
In a significant development in the world of cybersecurity, a victim of a hack worth 90 Ether (ETH) has successfully managed to get the attacker’s Tether (USDT) address blacklisted. With the help of law enforcement agencies and cyber authorities, this victim, who goes by the name L3yum on X (formerly Twitter), took a step towards justice after their hot wallet
With cybercriminals constantly evolving their tactics, a new and unidentified threat actor originating from Vietnam has been observed engaging in a highly sophisticated ransomware campaign. This article delves into the details of the attack, including the execution tactics, targeted countries, suggested Vietnamese origin, ransomware variant used, ransom demand, lack of payments, indicators of compromise (IoC), and similarities to the notorious
In the ever-evolving landscape of cyber threats, ransomware attacks have emerged as a formidable challenge for organizations across the globe. The first quarter of 2023 witnessed a significant increase in such attacks, prompting intensive research to understand the intricate tapestry of attacker behaviors. This article delves deep into the concept of a “threat activity cluster,” its role in identifying attackers,
In a disturbing revelation, a set of 16 high-severity security flaws has been unveiled in the CODESYS V3 software development kit (SDK). These vulnerabilities, collectively known as CoDe16, could potentially lead to remote code execution (RCE) and denial-of-service (DoS) attacks. The gravity of these vulnerabilities is further accentuated by their potential to disrupt operational technology (OT) infrastructure and critical automation
In a concerning incident, the Twitter account belonging to crypto-focused venture capital firm Blockchain Capital fell victim to a takeover by scammers who attempted to deceive users with the promise of an enticing token claim. With the rise of cryptocurrency scams, this incident highlights the need for increased vigilance and awareness within the crypto community. Initial Scam Attempt The scammers
