The launch of HSBC’s Zing money transfer app introduces a seamless, multi-currency financial solution designed to meet the needs of a modern, globally connected consumer base. Unveiled in the UK, Zing directly competes with Wise, another fintech giant specializing in international money transfers. With Zing, users can hold and transfer funds in multiple currencies, transact across over 200 countries and
A newly discovered vulnerability in specific versions of the OpenSSH secure networking suite has raised significant alarm within the cybersecurity community. Known as CVE-2024-6409, this vulnerability specifically affects versions 8.7p1 and 8.8p1 of OpenSSH that are shipped with Red Hat Enterprise Linux 9. The identified vulnerability holds a CVSS score of 7.0, flagging it as a high-severity issue. It originates
In the first half of 2024, the cryptocurrency industry witnessed a substantial surge in theft cases, coinciding with a remarkable rise in the values of various digital currencies. This increase in both market value and criminal activity underscores a critical and intricate relationship: as cryptocurrencies become more valuable, they attract more malicious intent from cybercriminals. This phenomenon highlights the urgent
The era of rapid technological advancement, particularly with the advent of artificial intelligence (AI), has brought significant transformations to digital ecosystems. These transformations present both extraordinary opportunities and severe challenges. One crucial area of focus is the intersection of cybersecurity and AI, examining how AI influences the safeguarding and compromising of digital ecosystems. AI-Driven Security Enhancements Rapid Detection and Automated
Artificial intelligence (AI) tools have become an integral part of modern-day cybersecurity, aiding in the identification of threats like phishing emails and ransomware. However, these tools themselves are not immune to vulnerabilities, particularly through a method known as “data poisoning.” Data poisoning involves the manipulation of training data in a way that deceives machine learning models, making them fail to
The digital landscape faced a monumental shock when almost 10 billion passwords were leaked on a popular hacking forum. Discovered by Cybernews investigators, the data breach was orchestrated by a user operating under the alias ‘ObamaCare,’ who shared a dataset named ‘rockyou2024.’ This breach significantly surpasses any prior known compilations and raises alarming concerns for internet users worldwide. This unprecedented
The Evolve Bank & Trust, a prominent banking-as-a-service company in the US, recently disclosed a massive cyber-attack that compromised the personal information of approximately 7.6 million customers. This significant breach, involving sensitive data such as names, Social Security numbers, and banking details, highlights the alarming vulnerabilities within the financial sector. Here’s an in-depth look at the extent of the breach,
The digital asset landscape continues to evolve at a rapid pace, with innovations emerging across various segments of the industry. Amidst this dynamic backdrop, Auros, a prominent crypto trading firm and market maker, has taken a significant step by launching Auros Ventures. This new venture capital division aims to allocate $50 million to early-stage digital asset projects over the next
Dubai Customs has launched a groundbreaking blockchain-powered platform aimed at enhancing commercial transparency and streamlining cross-border e-commerce. This significant initiative aligns with the Emirates Blockchain Strategy 2021, which ambitiously aims to transition 50% of government transactions to blockchain technology. Announced on July 8, this development marks a crucial step in establishing Dubai as a global e-commerce hub under the visionary
The Bitcoin (BTC) options market is currently experiencing a wave of bearish sentiment amid a notable price correction. Deribit’s data reveals that traders are increasingly focusing on put options at strike prices of $58,000, $52,000, and $48,000. The choice of these strike prices indicates potential support levels or a hedge against further declines. The downward pressure on Bitcoin is reflected
In a significant milestone for the cryptocurrency industry, Binance is commemorating its seventh anniversary with an exciting global campaign titled “Be Binance.” Launched by Chinese-born Canadian entrepreneur Changpeng Zhao (CZ) in 2017, Binance has grown to become the largest cryptocurrency exchange by trading volume, boasting a user base exceeding 200 million people around the world. The anniversary campaign represents not
In a nation grappling with an enduring economic crisis, surging inflation, and intensifying U.S. sanctions, Venezuelans are increasingly turning to cryptocurrencies as a lifeline for financial support. As traditional remittance services like Western Union face obstacles including prohibitive fees, slow processing times, and issues with currency supply, the country’s residents are looking to digital currencies for a faster and more
