In a significant move highlighting its pivotal role in the U.S. technological landscape, Intel has secured a $3 billion grant under the CHIPS and Science Act, an initiative heralded by the Biden-Harris Administration. This funding aims specifically at bolstering Intel’s Secure Enclave program, which is designed to produce advanced semiconductors for the United States government. The grant underscores Intel’s ongoing
With the rapid proliferation of cloud computing and remote work, the traditional concept of a fixed network perimeter has become increasingly obsolete. These transformative changes have expanded the boundaries of network security beyond the confines of physical office networks, resulting in a paradigm shift where data access and storage can occur virtually anywhere. This new landscape presents intricate challenges for
In a bold but necessary move, Doctor Web (Dr.Web), a prominent Russian cybersecurity firm specializing in antivirus software, took the drastic measure of disconnecting its servers to protect its infrastructure following a recent cyberattack. The attack, which commenced on September 14, 2024, was only detected two days later, revealing unauthorized interference in the company’s IT systems. This incident underscores the
In today’s digital age, cybersecurity has become a critical concern for organizations across all sectors. With the rise of cyberattacks targeting third-party vendors, the need for robust risk management strategies has never been more urgent. Amid this evolving threat landscape, understanding the vulnerabilities posed by external suppliers and ensuring comprehensive compliance and governance measures are essential for safeguarding sensitive data.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) recently went live on ZKsync, a layer-2 scaling solution that leverages zero-knowledge proofs, marking a significant advancement in the field of cross-chain interoperability. This development not only signals an enhancement in the capability to create and operate decentralized applications (DApps) across multiple blockchain networks but also underscores ZKsync’s commitment to maintaining Ethereum’s security while boosting
BitGo, a noted cryptocurrency custodian based in the United States, has taken a significant leap by introducing a regulated platform specifically designed for the management of native tokens linked to Web3 protocols. This innovative service targets crypto-native organizations, including foundations and protocols, enabling them to programmatically manage various aspects of token distribution. These include allocations to investors, employees, grant recipients,
The year 2024 has witnessed a significant escalation in cybersecurity threats, particularly involving the exploitation of zero-day vulnerabilities. These threats have not only grown in volume but also in sophistication, posing unprecedented challenges to global organizations. A comprehensive analysis of the latest trends reveals intricate tactics employed by cybercriminals and underscores the urgent need for robust cybersecurity measures. The Rise
UK Finance’s recent findings shed light on the promising potential of blockchain technology to significantly transform the UK’s financial system, particularly in the realms of payments and settlements. Following the experimental phase of the Regulated Liability Network (RLN), UK Finance has articulated a vision where blockchain technology enhances the efficiency of processing the nation’s colossal annual payment volume of $14.52
The technological landscape is witnessing a significant shift, particularly in the realm of digital assets, with the collaboration between Chainlink Labs and Fireblocks representing a major step toward stablecoin issuance and management. This strategic partnership is designed to simplify the entry of banks and financial institutions into the stablecoin market by providing a highly secure, efficient, and comprehensive solution. The
In the age where personal data is only a few clicks away, cybercriminals are finding innovative ways to exploit this information for nefarious purposes. One such method that has risen to prominence involves the utilization of Google Street View images to carry out sophisticated extortion scams. These scams, first identified and analyzed by the security experts at Cofense, have shown
In a significant move poised to transform the financial sector, Singapore-based fintech company Xalts has announced a collaboration with the smart contracts platform Avalanche. This partnership aims to support financial services, governments, and enterprises in building and implementing cutting-edge digital asset platforms. By leveraging blockchain, tokenization, and smart contract applications, the collaboration seeks to offer innovative solutions that can be
Email security breaches are an escalating threat to critical infrastructure (CI) organizations. Here we delve into the nature of these threats, the rising trends, and the necessary measures to protect critical infrastructure. Prevalence of Email Security Breaches High Incidence of Breaches Over the past year, 80% of CI organizations have experienced at least one email-related security breach. This concerning statistic
