In an era characterized by rapid technological advancements and digital transformations, Malaysia has taken a significant step toward solidifying its position as a leader in the blockchain sphere. This development comes in the form of a vital collaboration between MIMOS Berhad, Malaysia’s premier applied research center for information and communication technology, and Masverse, a burgeoning player in the blockchain industry.
In a significant boost to the digital finance landscape, Phantom, a leading digital asset wallet provider, recently announced that it had secured $150 million in a Series C funding round. The new financing round, which has catapulted Phantom to a valuation of $3 billion, was co-led by Sequoia Capital and Paradigm with additional participation from a16z and Variant. Since its
A new and ambitious initiative aimed at improving coastal water quality was announced at the World Economic Forum in Davos by Verity One Ltd. This forward-thinking initiative utilizes blockchain-backed nutrient credits to promote oyster-based remediation efforts. The goal is to create a revolutionary asset class that enhances transparency and accountability in mitigating water pollution. By introducing a system whereby industries
Oracle has unveiled its January 2025 Critical Patch Update (CPU), addressing a staggering 318 newly discovered security vulnerabilities across its broad spectrum of products and services. This latest update carries significant importance, emphasizing the necessity of immediate implementation to mitigate potential risks, especially pertaining to the critical flaw identified within the Oracle Agile Product Lifecycle Management (PLM) Framework, marked as
Recent developments in cybersecurity have revealed that ransomware groups are now leveraging popular tools like Microsoft 365 and Microsoft Teams to execute sophisticated attacks. Researchers at Sophos have identified multiple clusters of hacking activities wherein attackers exploited Microsoft 365 instances, Teams, and email bombing tactics to deliver ransomware between November and December 2024. This method showcases an alarming shift in
The financial advisory landscape is on the brink of a substantial transformation, driven by Fundment’s recent £45 million Series C funding. This development promises to significantly enhance the way financial advisers and wealth managers operate by offering a more integrated, sophisticated, and user-friendly platform. Founded in 2018 by former BlackRock and abrdn asset manager Ola Abdul, Fundment has quickly established
In an increasingly digitized world, the need for secure and verifiable IT credentials has never been more critical. As technological advancements reshape various aspects of our lives, ensuring the integrity and authenticity of digital credentials has become paramount. Traditional systems often fail to provide the necessary level of protection, leaving credentials vulnerable to tampering and unauthorized access. The recent integration
In today’s digital age, Software as a Service (SaaS) has become the backbone of modern work environments. Its ease of access and efficiency have made it the preferred model for many organizations. However, with the rapid adoption of SaaS, there are numerous security challenges that organizations must prioritize to mitigate potential threats. This article delves into the reasons why securing
In a significant wave of cyber attacks, the Murdoc_Botnet, a variant of the notorious Mirai malware, is targeting AVTECH cameras and Huawei HG532 routers by exploiting specific known vulnerabilities. Researchers from Qualys have flagged this threat after identifying over 1,300 active IP addresses involved in the botnet campaign since July 2024. The Murdoc_Botnet leverages weaknesses in firmware with CVE-2024-7029 and
Embedded investment platforms are revolutionizing the finance sector by integrating wealth management tools directly into everyday apps. This innovative approach makes investing more accessible, intuitive, and engaging for both seasoned investors and curious beginners, thereby reshaping perceptions of wealth building. Definition and Functionality What Are Embedded Investment Platforms? Embedded investment platforms incorporate investment and wealth management features into non-financial apps
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has recently imposed sanctions on a Chinese cybersecurity company, Sichuan Juxinhe Network Technology Co., LTD., and a Shanghai-based cyber actor, Yin Kecheng. These sanctions are a response to their involvement with Chinese cyber espionage groups Silk Typhoon and Salt Typhoon, which have been implicated in a significant hack compromising the
The UK’s recent unveiling of the AI Opportunities Action Plan signifies a bold step toward solidifying the nation’s leadership in artificial intelligence. This initiative, paired with a £14 billion investment by private tech firms, underscores the government’s commitment to fostering AI innovation across various sectors. Although the action plan primarily targets AI integration within the public sector, its influence is
