Sandbox Wealth, a company offering a turnkey banking solution for non-bank financial institutions, successfully raised $1.25 million in its pre-seed funding round. The funding round was led by NextGen Venture Partners and included participation from other notable investors such as Northwestern Mutual Future Ventures, gener8tor, and RevTech Labs. The platform aims to provide Registered Investment Advisors (RIAs) and Family Offices
Marygold & Co. has taken a significant step towards transforming financial management for both individuals and small businesses by partnering with Moneyhub to enhance its forthcoming money management app, set to launch in early 2025. This app aims to simplify financial management without necessitating users to switch their bank accounts. By incorporating features like customizable reminders, automated savings prompts, specialized
A week after an unprecedented cyber attack disrupted operations at Wirral Hospital, the institution has shown remarkable resilience and commitment to safeguarding patient data and restoring services. The cyber incident, which led to significant system outages and data breaches, has prompted the hospital to implement rigorous recovery protocols, underscoring the critical need for robust cybersecurity measures in healthcare systems. The
In 2023, Chemonics International, a prominent USAID contractor specializing in international development, faced a significant challenge when a massive data breach exposed the personal details of over 263,000 individuals. The breach was first detected in December 2023, and it was later discovered that unauthorized access had been ongoing since late May 2023, continuing until early January 2024. Despite identifying the
In a significant breach of U.S. cybersecurity, a Chinese hacker group, codenamed "Salt Typhoon" by Microsoft, has infiltrated more than eight American telecommunications companies, leading to what is considered one of the largest intelligence compromises in U.S. history. The hackers have stolen a vast amount of phone data belonging to U.S. citizens, affecting dozens of countries globally. This major cyberattack
In a serious turn of events, security experts have unveiled a critical vulnerability in Mitel MiCollab, a unified communications solution that integrates various messaging methods such as voice, video, SMS, and chat, alongside applications like Microsoft Teams. The vulnerability, identified as CVE-2024-41713 with a CVSS score of 9.8, stems from inadequate input validation within the NuPoint Unified Messaging (NPM) component
Blockchain technology has rapidly evolved from its initial association with cryptocurrencies like Bitcoin to a versatile tool with applications across various industries. This development has not only revolutionized the digital currency space but also expanded into sectors such as finance, healthcare, supply chain management, and real estate, bringing comprehensive and transformative changes. Blockchain provides a decentralized digital ledger that is
The revelation of Pegasus spyware infecting the devices of ordinary professionals and civilians has raised significant concerns about mobile security, previously thought to be robust enough to defend against sophisticated threats. This alarming discovery was uncovered by cybersecurity researchers from iVerify, who conducted extensive scans across a large number of mobile devices, detecting widespread infections that date back to at
As urban populations continue to grow, cities around the world are under increasing pressure to optimize their operations, enhance sustainability, and ensure transparency. Blockchain technology, initially associated with cryptocurrencies, is emerging as a powerful tool to address these challenges. This article explores the transformative potential of blockchain in urban development and management. The potential for significant advancements in city management
In recent years, the manufacturing sector has become an attractive target for cybercriminals, leading to substantial operational disruptions and significant financial losses. Ransomware attacks have severely disrupted operations, affecting 858 manufacturers worldwide and resulting in approximately $17 billion in downtime since 2018. The growing frequency and sophistication of these attacks highlight the urgent need for manufacturers to implement robust cybersecurity
Blockchain technology, once humorously referred to as "gold for nerds" by Stephen Colbert, has rapidly evolved into a groundbreaking advancement in the realms of finance and digital innovation, garnering considerable global traction. At its core, blockchain functions as a decentralized database, setting it apart from traditional databases stored on centralized servers. This decentralized structure distributes information across a vast global
In the rapidly evolving world of technology, a new blockchain platform known as Lightchain AI is aiming to redefine industry standards starting in December 2024. This groundbreaking technology intends to integrate artificial intelligence (AI) with blockchain, promising transformative impacts across various sectors, including healthcare, finance, and supply chain management. Currently in its presale phase at just $0.002, Lightchain AI is
