Information Security Archives | Page 101 of 686

Fintech Blockchain

Bitcoin in 2024: A Year of Volatility Amid Geopolitical and Economic Shifts

Bitcoin, the first true cryptocurrency, has always been known for its dramatic price swings. In 2024, several factors including political crises, economic changes, and certain cryptocurrency milestones have significantly influenced Bitcoin’s market trends. This article provides an in-depth examination of how Bitcoin reacts to geopolitical tensions, macroeconomic factors, the Bitcoin halving event, and overall market sentiment. Geopolitical Tensions and Bitcoin’s

November 26, 2024

Cyber Security

Rise in IoT Traffic Leads to 400% Surge in Malware Attacks on Manufacturing

A recent study reveals a significant increase in IoT device traffic by 18%, accompanied by a dramatic 400% surge in malware attacks targeting these devices, highlighting an urgent need for improved cybersecurity measures in various sectors. This analysis, which scrutinized 300,000 blocked attacks, found that botnet malware families, such as Mirai and Gafgyt, now account for 66% of these incidents.

November 26, 2024

Cyber Security

Urgent Fix Needed for Critical Ubuntu Server Security Vulnerabilities

In today’s interconnected digital landscape, even a single vulnerability can spell disaster for enterprises that rely on robust security protocols to protect sensitive data and maintain operational integrity. This harsh reality is underscored by the recent discovery of significant Local Privilege Escalation (LPE) vulnerabilities in the needrestart component of Ubuntu Server. These vulnerabilities, present for nearly a decade, potentially allow

November 26, 2024

Cyber Security

Are State-Sponsored Cyber Threats Becoming More Sophisticated?

In recent years, the landscape of cybersecurity has been increasingly dominated by state-sponsored cyber threats. These threats, often orchestrated by nation-states, have grown in complexity and sophistication, posing significant challenges to global security. The evolving nature of these threats can be seen in the tactics, tools, and targets of state-sponsored cyber actors, making it imperative for both governments and private

November 26, 2024

Cyber Security

Finastra Breach Exposes 400GB of Internal Data, Sold on Hacker Forum

On November 7, 2024, Finastra, a prominent fintech company based in London, detected suspicious activity on its Secure File Transfer Protocol (SFTP) platform, used to securely transfer large files. The subsequent investigation revealed the theft of 400GB of internal documents, which were later put up for sale on a hacker forum. Initially listed for $20,000, the price of the stolen

November 26, 2024

Digital Lending / Digital Payments

CFPB to Regulate Digital Wallets and Payment Apps Like Big Banks

The recent decision by the US Consumer Financial Protection Bureau (CFPB) to regulate large tech payment apps and digital wallets such as Apple Pay, Google Wallet, Venmo, and PayPal under the same rules as big banks and credit card companies could have profound implications for both the industry and consumers. This regulatory shift aims to level the playing field, ensuring

November 26, 2024

Cyber Security

Did Poor Security Practices Cost GEICO and Travelers Millions?

The State of New York has seen a significant development in its efforts to protect consumer data with an $11.3 million settlement reached between the state and two prominent car insurance companies, GEICO and The Travelers Indemnity Company. This settlement arose due to serious data breaches that compromised the sensitive personal information of over 120,000 residents. Both companies were found

November 26, 2024

Cyber Security

Enhancing Cybersecurity Through Effective Privileged Access Management

Cybercriminals frequently target an organization’s privileged accounts since they provide a direct route to highly prized assets. If compromised, these privileged accounts and sessions can be exploited for malicious activities, potentially leading to significant cybersecurity incidents. Such incidents can cause operational disruptions, financial losses, compliance issues, and reputational damage. Implementing robust privileged account and session management (PASM) practices can help

November 26, 2024

Mobile

Is the BraX3 Smartphone the Ultimate Privacy Solution?

In the ever-evolving domain of mobile technology, the BraX3 smartphone emerges as one of the latest devices to challenge the status quo by emphasizing user privacy. This new offering from Brax Technologies stands out due to its deliberate exclusion from Google’s pervasive ecosystem. By avoiding the use of Google’s services such as the search engine, location tracking, and even the

November 25, 2024

Fintech Blockchain

Can Bitcoin Sustain Its Rally Beyond the $100,000 Milestone?

Bitcoin’s recent price movements have captured the attention of investors and analysts alike, as the cryptocurrency inches closer to the $100,000 milestone. This article delves into the factors driving Bitcoin’s rally, the technical indicators supporting its upward momentum, and the potential challenges it may face in sustaining this growth. Bitcoin opened the trading session at $97,900.05, peaking at $98,376.99, and

November 25, 2024

Fintech Blockchain

Bitcoin Price in 2024: Impact of Global Events, Economic Factors, and Sentiment

Bitcoin, the pioneering cryptocurrency, has always been a subject of intense scrutiny and speculation. In 2024, its price movements have been influenced by a myriad of factors, ranging from geopolitical tensions to macroeconomic conditions, and significant internal events like the Bitcoin halving. This article delves into the various elements that have shaped Bitcoin’s market trends this year, providing a comprehensive

November 25, 2024

Fintech Blockchain

Is the Cryptocurrency Market Heading for a Major Boom with XRP and Rollblock?

In the ever-evolving world of cryptocurrency, recent developments have seen a surge in market activity, particularly driven by major players like XRP and Bitcoin, alongside emerging contenders such as Rollblock. This heightened activity is not without reason, as significant events and speculations play a substantial role in influencing investor sentiment. The dynamic nature of cryptocurrencies often leads to fluctuating market

November 25, 2024