In response to the rising tide of impersonation scams, Singapore regulators have mandated that banks and telecom companies implement advanced real-time detection tools within six months. Failure to comply will result in these firms assuming liability for any stolen funds. This robust framework, jointly developed by the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA), specifically
Blockchain technology’s increasing adoption by U.S. financial institutions showcases its transformational potential in business-to-business (B2B) applications. This growing influence reflects a broader trend of innovation and integration across various sectors. A significant survey by Ripple and the United States Faster Payments Council reveals that more than 40% of interviewed payments executives are actively exploring B2B blockchain solutions. Existing use cases
Stripe is in advanced discussions to acquire the B2B stablecoin technology firm Bridge, as reported by Bloomberg, signaling a major strategic move. This acquisition comes on the heels of Stripe recently re-enabling stablecoin acceptance for merchants, indicating the company’s renewed focus on integrating stablecoin technology into its payment solutions. Bridge, launched in August after a rigorous 2.5 years of development,
Paystand, a leading innovator in the field of digital payments, has introduced an innovative feeless B2B blockchain-enabled payment platform to Acumatica, a comprehensive cloud-based ERP system. Acumatica is renowned for its robust suite of features, including finance, inventory, CRM, and payroll management. This new integration with Paystand empowers Acumatica users to streamline their accounts receivable (AR) processes, shorten their days
The rapid evolution of the digital assets space, propelled by institutional interest and regulatory engagement, stands as a testament to the dynamic nature of blockchain technology and cryptocurrencies. As these factors shape the future of digital assets, a deeper look into the major developments can provide insights into the broader financial and technological landscapes. Venture Capitalism and Blockchain AgileGTM’s Blockchain
The digital landscape thrives on innovative frameworks and tools aimed at simplifying complex processes. Amazon Web Services (AWS) Cloud Development Kit (CDK) is one such tool, heralded for its ability to define cloud application resources using familiar programming languages. However, recent revelations have exposed a critical security flaw in the CDK, presenting a significant risk for AWS account takeovers. Let’s
The mobile app ecosystem is reeling from a significant security concern after the recent discovery of hardcoded, unencrypted cloud service credentials within a variety of well-known iOS and Android applications. This alarming vulnerability, brought to light by cybersecurity researchers at Symantec, could enable unauthorized access to sensitive user data and the manipulation or theft of data stored in cloud environments
The recent Fortinet’s 2024 Security Awareness and Training Global Research Report has spotlighted a pervasive problem in the corporate world: a significant and growing cybersecurity knowledge gap among employees. This gap, now recognized by nearly 70% of business leaders, up from 56% the previous year, underscores the challenges organizations face in an evolving threat landscape driven by sophisticated AI-enhanced cyber-attacks.
The increasing prevalence of cybersecurity threats necessitates stringent measures for protecting enterprise networks. Recently, Fortinet disclosed a critical vulnerability in FortiManager, a network management solution, signaling a heightened risk to enterprises. Identified as CVE-2024-47575, or FortiJump, this flaw demands immediate action from organizations to safeguard their digital infrastructure. This article delineates how enterprises can effectively combat this vulnerability through strategic
Linux’s creator, Linus Torvalds, has taken a strong stance against major hardware manufacturers, voicing his dissatisfaction with Intel, AMD, and NVIDIA. He blames these companies for causing various vulnerabilities in the Linux operating system due to what he describes as "buggy hardware." Torvalds has repeatedly pointed out that these hardware flaws necessitate numerous modifications to the Linux kernel to guard
Recent research by Palo Alto Networks’ Unit 42 has revealed a disconcerting vulnerability in macOS’s Gatekeeper security feature, which is designed to ensure that only trusted software runs on macOS systems. Gatekeeper validates applications originating from outside the Apple App Store, ensuring that they are from verified developers and remain untampered. However, the Unit 42 research highlights that certain third-party
The fintech industry recently witnessed a game-changing development with the launch of Keabank’s Payment Intelligence service. This groundbreaking initiative aims to integrate traditional banking systems with cutting-edge decentralized finance (DeFi) solutions, thereby simplifying global payments and enhancing financial access for both businesses and individuals. As a leader in blockchain-driven financial services, Keabank chose the prestigious Fintech Surge Dubai event to
