North Korea has been implicated in a series of cyberattacks estimated to have amassed around $3 billion, a significant sum believed to be funneled into its weapons of mass destruction (WMD) program. A UN Security Council panel report has pointed to the Reconnaissance General Bureau as the orchestrator of these attacks, which span a period from 2017 to 2023. U.N.
Visa’s recent enhancement of its Visa Commercial Pay platform has made a significant impact in the B2B payment solutions sector. This upgrade allows for the integration of virtual corporate cards into employees’ digital wallets, such as Apple Pay or Google Pay, streamlining payments considerably. With this move, businesses can expect a more efficient tap-to-pay method that not only saves time
Cybersecurity breaches show no prejudice in selecting their victims, as demonstrated by a complex cyber-espionage attack on a Saudi Arabian non-profit organization. This invasion, which targeted the charity for its confidential data, is a sobering indicator of the expanding scope of cyber threats. It serves as a warning that no industry is immune to such dangers. Indeed, this incident highlights
Global sanctions against North Korea have not deterred its pursuit of nuclear and missile technology, as the secretive state has turned to digital theft to fund its ambitions. A UN investigation reports that, from 2017 to 2023, North Korean hackers have executed numerous cyberattacks on cryptocurrency exchanges and other financial entities, amassing around $3 billion to support their weapons programs.
The initial enthusiasm for blockchain as a game-changer in the financial sector is fading. New reports indicate that traders are becoming more skeptical about the technology’s role in finance. This shift in sentiment is underscored by a recent survey from global financial services firm JPMorgan, which reveals a decline in institutional traders’ faith in blockchain’s potential. This development marks a
Visa’s collaboration with Conferma Pay significantly advances B2B payments by integrating virtual corporate cards into digital wallets like Apple Pay and Google Pay. This integration means employees can eschew physical cards for a convenient mobile solution, streamlining transactions with speed and security. The use of digital wallets leverages tokenization, enhancing protection against fraud by using digital identifiers instead of actual
The world of payments is undergoing a dynamic shift as the convenience-centric ethos of modern consumers drives the demand for faster and more secure transaction methods. Contactless payments are leading this charge, offering a seamless financial experience and marking a significant change in how everyday purchases are made. This touch-free technology is being rapidly adopted, as it significantly cuts down
The world of digital art and ownership is experiencing an unprecedented transformation with the advent of Non-Fungible Tokens (NFTs). These unique digital assets, underpinned by the immutable and transparent ledger of blockchain technology, are redefining what it means to own and collect digital creations. NFTs have swept across the market, introducing new layers of complexity to the concept of ownership
The WinStar Casino Resort, reputed to be the world’s largest casino, has recently suffered a data breach stemming from an unprotected database tied to their My WinStar app. The app was developed by the up-and-coming software company Dexiga, based in Nevada. This lapse in data security resulted in customer information, such as full names, contact details, and device IP addresses,
Sophos, a leading cybersecurity company, has flagged a serious cyber threat impacting South Africa’s thriving hospitality sector. This sector, pivotal to the nation’s economy with contributions exceeding $1.3 billion and contributing 3.2% to the GDP in 2021, is being targeted by hackers through a campaign called ‘Inhospitality’. This attack is a malicious ploy exploiting the sector’s dedication to stellar customer
With the rise of cloud computing, businesses have experienced a transformative way to conduct their operations. Nevertheless, the increasing reliance on cloud services has made data security more important than ever before. As data breaches become a frequent threat, the significance of robust security measures in the cloud environment cannot be overstated. Companies must invest in dependable security strategies to
In our digital era, the IP address is akin to a digital postal code. Each device connected to the web has this unique identifier, crucial for routing data through the internet’s complex web. Think of the IP address as a physical address, but for online devices – it is pivotal for the correct delivery of information. While the technology underpinning
