Information Security Archives | Page 176 of 682

Fintech Blockchain

Can Sphinx and Truflation Transform DeFi with Real-World Assets?

The fast-evolving world of Decentralized Finance (DeFi) consistently pushes the boundaries of what’s possible in the financial landscape. The latest collaboration between Sphinx and Truflation emerges as a compelling attempt to integrate traditional financial mechanisms with cutting-edge blockchain technology, promising a significant evolution in the DeFi sector. This partnership spotlights the increasing importance of real-world asset integration into decentralized platforms,

October 7, 2024

Cyber Security

North Korean Hackers Ramp Up Sophisticated Cyber Attacks on U.S. Targets

North Korean hackers, specifically identified as the group “Stonefly” or by their various aliases including “Andariel,” “APT45,” “Silent Chollima,” and “Onyx Sleet,” have notably increased the sophistication and frequency of their cyber attacks against U.S. organizations. These state-sponsored actors have refined their capabilities over the years, evolving from rudimentary digital assaults to highly advanced cyber espionage operations. The hackers utilize

October 7, 2024

Fintech Blockchain

US Seizes $2.67M in Crypto Assets Stolen by North Korean Hackers

In a significant move to combat cybercrime, the United States government has seized over $2.67 million in digital assets that were looted by the infamous North Korean hacking group, Lazarus. The legal action, which took place on October 4, 2024, saw the filing of two complaints aimed at reclaiming approximately $1.7 million in Tether (USDT) and $970,000 in Avalanche-bridged Bitcoin

October 7, 2024

DevOps

Can EIP-7781 Enhance Ethereum’s Performance and Decentralization?

The new Ethereum Improvement Proposal (EIP-7781), authored by Ben Adams, co-founder of Illyriad Games, promises to be a pivotal development for the Ethereum network by aiming to shorten block times from 12 seconds to just 8 seconds. This change could increase throughput by 50%, offering significant advantages for decentralized applications (dApps) and users alike. By also bolstering the network’s data

October 7, 2024

Digital Lending / Digital Payments

Trust Issues Persist in Digital Payments Despite High Adoption Rates

The rapid evolution of digital payment platforms has transformed how consumers conduct transactions, from mobile apps to online shopping. However, this widespread adoption is tempered by significant trust issues that continue to challenge user confidence. Security concerns, fears of hacking, and apprehensions over data breaches shape user behavior and perceptions. Despite the convenience and efficiency that digital payments offer, many

October 7, 2024

E-Commerce

BLIK Romania Gains BNR Approval for Secure Mobile Payment Launch

The National Bank of Romania (BNR) has granted BLIK Romania S.A. authorization to operate its payment system in the local market. This marks a significant step for BLIK as it aims to extend its footprint in the Central and Eastern European (CEE) region. With plans to revolutionize mobile payments, the launch is set to bring increased convenience and security to

October 7, 2024

E-Commerce

Numerated and Alloy Partner to Enhance Fraud Prevention in Lending

The financial sector is continually evolving, especially in the realms of security and efficiency. In recent years, the pressing need for advanced fraud prevention mechanisms has become more evident than ever. Numerated, an AI-driven commercial lending platform, has taken a significant step to address this challenge by forming a strategic partnership with Alloy, a premier identity risk management company. This

October 4, 2024

Fintech Blockchain

Will Cryptocurrency Policy Sway Voters in the 2024 Election?

As the 2024 Presidential election approaches, an unexpected yet increasingly significant issue finds itself at the heart of the political battleground: cryptocurrency policy. Recent polling data suggests that voters who place importance on pro-crypto policies could play a pivotal role in deciding the election’s outcome. This examination delves into these findings and explores how candidates might leverage their stances on

October 4, 2024

Fintech Blockchain

Can USDC’s Expansion Transform Digital Finance in Asia-Pacific?

In a significant development for the cryptocurrency world, Circle has formed a strategic partnership with MHC Digital Group to expand the adoption of its USD Coin (USDC) stablecoin across Australia and the Asia-Pacific region. This strategic collaboration is set to provide wholesale clients with greater access to USDC, positioning it as a more cost-effective alternative to traditional banking systems. The

October 4, 2024

DevOps

Crypto Hacks Surge to $753M in Q3 2024 Despite Fewer Incidents

In the third quarter of 2024, the world of cryptocurrency faced a paradox, with the number of hacking incidents dropping, yet the financial toll soaring by an alarming 9.5% from the previous quarter. This contradictory trend resulted in a staggering $753 million in losses across 155 distinct hacking incidents. The Ethereum network bore the brunt of these hacks, suffering 86

October 4, 2024

Cyber Security

Stonefly’s Shift to Financially Driven Cyber Attacks on US Firms

In recent years, the cyber threat landscape has been continually evolving, with cybercriminal groups adapting their strategies to maximize their gains. One such group that has recently shifted its focus is Stonefly, a notorious North Korean-based advanced persistent threat (APT) group. Once primarily involved in espionage, Stonefly now targets US firms for financial gain. Motivations Behind the Shift Financial Incentives

October 4, 2024

Robotic Process Automation In Fintech

AI Driving Fintech Innovation: From Early Tools to Future Trends

Artificial Intelligence (AI) and financial technology (fintech) have a deeply intertwined relationship that has revolutionized the financial industry. From its inception in the 1980s to the sophisticated applications we see today, AI has emerged as a cornerstone of fintech innovation, improving operational efficiency, customer service, and competitive advantage. AI has influenced everything from credit scoring systems to fully automated financial

October 4, 2024