On November 3, the X (formerly Twitter) account of renowned rapper Wiz Khalifa was hacked, causing a significant stir among his substantial following of 35.7 million users. The hack led to the promotion of a fraudulent meme coin, $WIZ, claiming Khalifa’s involvement in the launch. The hackers impersonated Khalifa and announced that he and his team had developed the token
A significant milestone in bridging blockchain technology with traditional payment systems has been achieved through a successful pilot program executed by Swift, UBS Asset Management, and Chainlink. The initiative demonstrates the potential to streamline inefficient processes within the subscription and redemption of mutual funds—a sector that has traditionally been beset by manual interventions, delayed settlements, and limited real-time transparency. These
NatWest has partnered with Mastercard to introduce a groundbreaking mobile virtual card payment solution called Approval2Buy with Mobile Virtual Cards, poised to transform the way businesses in the UK manage corporate transactions. This collaboration marks a significant milestone, as it is the first implementation of Mastercard’s mobile virtual card app in Europe, offering enhanced flexibility, control, and security for corporate
The recent announcement of OSL Group acquiring a controlling stake in CoinBest, a regulated cryptocurrency exchange in Japan, has garnered significant attention in the financial world. With this strategic move, the Hong Kong-listed financial services powerhouse has signaled its intent to make a considerable entry into the well-regulated and mature digital asset market of Japan. By acquiring 81.38% of CoinBest
Mastercard’s recent unveiling of Pay Local, a groundbreaking service designed to streamline card payments through local digital wallets, has created quite a buzz in the financial technology landscape. Launched strategically before the Singapore FinTech Festival, Pay Local is expected to facilitate transactions for residents and international travelers by allowing them to link their credit or debit cards to digital wallets
True World, the largest supplier of sushi in the United States, has faced a significant data breach, with the personal information of current and former employees being exfiltrated. The breach was discovered on August 23, 2024, and it affected a total of 8,532 individuals, raising serious concerns about cybersecurity and data protection within large conglomerates. Although the specific details of
Keppel Ltd., through its private fund Keppel Data Centre Fund II (KDCF II), has made a significant move to bolster its presence in the Asian data center market by acquiring a data center development project in Tokyo, Japan. This facility, known as Keppel Data Centre Tokyo 2, marks Keppel’s first foray into developing such projects in Japan, and it stands
The rapidly growing sector of decentralized finance (DeFi) leverages blockchain technology to offer a variety of financial services, such as lending, borrowing, and trading, with the promise of high returns and innovation. However, as enticing as these opportunities may seem, they come with several critical risks that investors must be aware of. Understanding these risks is crucial for anyone looking
A significant security vulnerability has been identified in Hikvision network cameras, leading to potentially grave consequences for users and organizations relying on these devices. This flaw allows attackers to intercept Dynamic DNS (DDNS) credentials that are transmitted in plaintext, leaving various camera models exposed to unauthorized access. Specifically, the affected models include those with firmware versions predating recent updates, such
Ingenico, a leader in payment services, and the crypto trading platform Crypto.com have announced a partnership to enable crypto payments for Ingenico merchants worldwide. This innovative “plug-and-play” solution allows Ingenico merchants to accept cryptocurrency payments seamlessly, meeting the needs of over 680 million consumers. Central to this offering is Ingenico’s new merchant wallet, integrated with AXIUM Android terminals to streamline
A significant security vulnerability impacting the popular torrent client qBittorrent, ranging from versions 3.2.1 through 5.0.0, has recently come to light. This vulnerability allows attackers to execute remote code and inject malicious scripts, presenting a considerable risk to users. The root cause of this issue has been traced back to the DownloadManager class neglecting to validate SSL certificate errors since
In an alarming development, the United States’ top security agencies have sounded the alarm about a resurgence of Russian influence operations aimed at undermining public confidence in the integrity of the upcoming swing state elections. The Office of the Director of National Intelligence (ODNI), the FBI, and the Cybersecurity and Infrastructure Security Agency (CISA) issued a joint statement recently, highlighting
