The digital age has revolutionized business operations, offering unparalleled agility and scalability through cloud computing. However, this shift has also exposed companies to a new array of security challenges. A recent study by Thales, surveying 3,000 IT and security professionals across 18 countries, reveals that cloud security breaches are becoming alarmingly frequent, prompting organizations worldwide to intensify their security measures.
CoinShares International, a significant player in the European digital assets investment scene, has recently announced the successful sale of its financial claim against the failed cryptocurrency exchange FTX. This claim, initially lodged at £26.6 million, resulted in an astonishing recovery rate of 116% net of broker fees, thus securing CoinShares around £31.32 million. The impressive recovery figure is not just
The initial discovery of Medusa, later dubbed TangleBot, revealed a deeply concerning malware targeting Turkish financial institutions. However, its reach has grown to encompass North America and Europe by 2022. Medusa’s core capability is on-device fraud (ODF), allowing attackers to perform fraudulent transactions directly on compromised devices. The malware’s functionalities include keylogging, screen control, and the ability to read and
The recent legal proceedings against Sellafield Limited, one of the world’s largest handlers of plutonium, have cast a spotlight on cybersecurity vulnerabilities in the nuclear sector. Sellafield’s plea of guilty to historic cybersecurity offenses has raised alarm bells about the state of cybersecurity at critical infrastructure facilities. This article delves into the details of Sellafield’s cybersecurity failings, the implications for
The 2024 Global DevSecOps Report from GitLab reveals significant trends and evolving priorities among software development professionals worldwide, as highlighted in a comprehensive survey of 5,315 industry experts. The report shows an unprecedented surge in the adoption and planned implementation of artificial intelligence (AI) technologies, with 78% of respondents indicating plans to integrate AI within the next two years, a
Nuvei, a Canadian fintech company, has achieved a noteworthy regulatory milestone that sets the stage for its ambitious expansion into the UAE’s rapidly growing eCommerce market. The approval for a Retail Services Category II License from the UAE Central Bank positions Nuvei to leverage the region’s substantial growth potential, particularly as the UAE’s eCommerce sector is projected to exceed $10
The integration of blockchain technology with traditional financial systems is no longer a theoretical concept but a rapidly evolving reality. Tokenized real-world assets (RWAs) are becoming an essential part of this transformation. By utilizing blockchain, digital tokens can represent ownership rights of tangible assets, effectively bridging the gap between the traditional financial world and the burgeoning cryptocurrency space. This revolutionary
Cloud computing has fundamentally transformed the way businesses and consumers interact with technology. By enabling remote access to computing power, data storage, and applications, cloud services have ushered in an era of increased operational flexibility and cost efficiency. However, as organizations increasingly rely on third-party cloud providers, the imperative to safeguard sensitive data has never been more critical. This article
Solana, a distinguished blockchain platform known for its versatility in supporting diverse domains such as finance, NFTs, payments, and gaming, has introduced two innovative developer tools: Solana Actions and blockchain links (blinks). These tools are designed to simplify blockchain transactions and seamlessly integrate them into various digital platforms, creating avenues for mass adoption. The new tools are set to revolutionize
Unified Payment Services Limited has recently announced the launch of its Payment Terminal Service Aggregator (PTSA) platform, aimed at enhancing electronic payment transactions across Nigeria. This development was highlighted by the Group Managing Director, Mr. Agada Apochi, during a media briefing in Lagos, where he elaborated on the strategic goals and operational mechanisms of the PTSA platform. Strategic Launch of
In the evolving landscape of e-commerce, the significance of seamless, efficient, and secure payment solutions has reached an unprecedented level. The recent partnership between Ecommpay, an end-to-end payments platform, and BigCommerce, a leading SaaS and composable e-commerce platform, promises to deliver advanced payment solutions that could revolutionize how merchants handle transactions. This article explores the details of the partnership and
In the ever-evolving landscape of cybersecurity, the need for innovative fraud prevention tools has never been more critical. With malicious activities growing both in complexity and frequency, organizations are under immense pressure to safeguard their assets and maintain trust with their stakeholders. TrackLight, a trailblazing firm specializing in AI-assisted fraud detection and prevention, has recently garnered significant attention after securing
