In recent weeks, the cryptocurrency market has witnessed a remarkable surge in the price of the Shiba Inu (SHIB) token, driven by an extraordinary spike in its token burn rate. This mechanism, designed to manage SHIB’s extensive supply and counter price volatility, saw an impressive 1837% increase in a single day, reducing the total supply by approximately 500 million tokens.
Imagine a scenario where a seemingly legitimate job recruiter on LinkedIn propositions you with an exciting career opportunity, but instead, it leads to an undetectable cyber threat that jeopardizes not only your personal information but your company’s critical infrastructure as well. This is the reality faced by aerospace professionals today due to an advanced phishing campaign orchestrated by the Iranian-linked
The rise of ransomware threats continues to challenge cybersecurity defenses worldwide. Among the latest and most sophisticated threats is the Ymir ransomware, which has been observed targeting corporate networks with advanced and stealthy tactics. This article delves into the unique features of Ymir ransomware, its methods of evading detection, and the broader implications for cybersecurity. The Emergence of Ymir Ransomware
Tranched, a London-based embedded asset-based financing platform, has successfully raised $3.4 million in a pre-seed funding round. This round was spearheaded by Speedinvest and saw additional contributions from Andreessen Horowitz’s Crypto Startup Accelerator (CSX) program, Blockwall, Kima, and OVNI Capital. With these funds in hand, Tranched aims to enhance its platform with new features and extend its global reach. The
The potential changes in the cyber threat landscape under Donald Trump’s presidency have sparked significant debate among cybersecurity experts. As global cybersecurity dynamics are heavily tied to geopolitical relations, Trump’s victory could lead to notable shifts, especially in the activities of cyber adversaries like Russia, China, and Iran. Analysts are closely watching how Trump’s geopolitical strategies might realign and impact
The prominent law firm Orrick, Herrington & Sutcliffe has reached a significant legal resolution following a data breach that affected over 638,000 individuals. The $8 million settlement, approved by a U.S. district court in the Northern District of California, highlights the cybersecurity challenges faced by law firms, especially those servicing the healthcare industry. This settlement not only addresses the financial
As the digital landscape continues to evolve, the push for robust international laws to combat cybercrime has become increasingly significant. Yet, not all efforts to create these laws are met with universal approval. The United States’ continued support for a contentious United Nations cybercrime treaty, proposed by Russia in 2017, has stirred significant debate and opposition from Western technology and
In a dramatic twist within the cryptocurrency industry, the bankruptcy estate of FTX has filed a lawsuit against Binance, its former CEO Changpeng Zhao (CZ), and other senior executives, accusing them of engaging in fraudulent transactions prior to FTX’s collapse. The core of this legal action revolves around a contentious stock repurchase agreement from 2021. During this deal, Sam Bankman-Fried
In recent developments, cybersecurity researchers at watchTowr have uncovered new vulnerabilities in Citrix Virtual Apps and Desktop systems that could allow unauthenticated remote code execution (RCE) attacks through Microsoft Message Queuing (MSMQ) misconfigurations. These vulnerabilities, identified specifically as CVE-2024-8068 and CVE-2024-8069, involve critical flaws in the Session Recording component, which is often used by administrators to monitor user activities for
With the digital asset industry experiencing rapid expansion, the lack of adequate security and investor protection measures has been a prevailing concern for many market participants. HashKey Global, together with AIFT, a prominent cybersecurity and insurance provider, has announced a strategic partnership to address these challenges. Their collaboration aims to bolster the Web3 and cybersecurity ecosystems by providing over US$4
The integration of Agora Finance’s AUSD stablecoin with the Polygon-backed AggLayer network marks a significant milestone in the evolution of digital assets and Web3 technology. Announced at the inaugural Aggregation Summit in Bangkok, Thailand, this collaboration sets the stage for enhanced interoperability and usability of stablecoins across multiple blockchains. As digital assets continue to grow in importance, this partnership promises
Ethereum, one of the leading cryptocurrencies, has recently captured the interest of investors and traders by reaching new price highs, currently around $3,165.84. This price hike is supported by both technical indicators and significant developments within the Ethereum ecosystem, alongside a broader market trend indicating a growing interest in altcoins. This article delves into the recent surge in Ethereum’s price
