In a significant security breach, Sirius Federal, a subsidiary of tech services giant CDW-G, has fallen victim to a sophisticated cyberattack. The attackers managed to gain unauthorized access to thousands of individuals’ sensitive details, including medical records. The breach has raised concerns about the vulnerability of personal data and the potential ramifications for the affected individuals. Nature of the breach
Velar, a Bitcoin-focused decentralized finance (DeFi) platform, has successfully secured a substantial $3.5 million seed fund. The funding will be utilized to launch the world’s first Perpetual Decentralized Exchange (PerpDEX) on the Bitcoin (BTC) network. With this initiative, Velar aims to tap into the significant $800 billion dormant liquidity within Bitcoin’s DeFi ecosystem, offering BTC holders similar value propositions and
In a significant development, Solana (SOL) has surpassed Ethereum (ETH) in 24-hour DEX volume, marking a pivotal moment in the decentralized finance (DeFi) space. This article delves into the performance of Solana and Ethereum, examining their weekly and daily volume figures, highlighting the dynamic nature of the DeFi landscape, and speculating on potential price rallies fueled by the crisis at
The United States government has taken a decisive stand against Iranian cyberattacks by imposing sanctions on six Iranian government officials. These officials are affiliated with the Iranian Revolutionary Guard Corps Cyber-Electronic Command (IRGC-CEC), an organization responsible for conducting cyber activities aimed at critical infrastructure. In particular, these cyberattacks targeted Israeli PLC vendor Unitronics. This article delves into the background of
Remote desktop software maker AnyDesk has recently revealed that it fell victim to a cyberattack resulting in a compromise of its production systems. The German company discovered the incident during a routine security audit. Although it was not a ransomware attack, AnyDesk has taken immediate action to address the breach and has notified relevant authorities. Nature of the Attack AnyDesk
Mastercard, a global leader in financial technology and payment processing, continues to innovate its renowned Decision Intelligence (DI) system. By integrating generative AI techniques, Mastercard is revolutionizing fraud detection, enhancing financial transaction security, and paving the way for broader AI applications in addressing security challenges in the digital realm. The Revolutionary Decision Intelligence Pro Mastercard’s Decision Intelligence Pro takes fraud
In 2023, fraud rates in North America increased significantly, prompting Mastercard to take proactive measures to enhance consumer protection. Recognizing the power and potential of generative AI, Mastercard has adopted this innovative technology to strengthen the safeguards that keep the entire payments network secure. With the use of generative AI, Mastercard aims to revolutionize the speed, accuracy, and efficacy of
As finance professionals and artificial intelligence experts are already discovering, great things happen when AI and Bitcoin work together. The remarkable collaboration between these powerful technologies is revolutionizing the cryptocurrency landscape, offering a range of benefits from fraud detection to market insights and user support. In this article, we will delve into the various facets of this synergy and explore
Blockchain technology is revolutionizing various industries by disrupting traditional centralized systems and offering innovative solutions. From cloud storage to supply chain management, blockchain platforms are reshaping processes and delivering secure, transparent, and efficient solutions. This article explores the transformative potential of blockchain technology and highlights specific examples that showcase its impact. Additionally, Proffitt’s role in educating and guiding businesses in
Payment technology firm Praxis Tech has recently introduced its innovative 3DS Cascading feature, aiming to revolutionize online payments by making them faster, more seamless, and user-friendly, all while maintaining the required Strong Customer Authentication (SCA) protocols. This groundbreaking feature builds upon Praxis’ Smart Routing technology, ensuring that each transaction follows the optimal payment route. By eliminating the need for customers
The global payment and transfer system has witnessed the emergence of various blockchain platforms, but one platform that stands out with enormous potential to revolutionize the industry is Fantom. With its advanced technology and exemplary focus on handling ERC-20 transfers, Fantom has captured the attention of financial experts and highlighted the broader potential of blockchain in the financial sector. Fantom’s
In the evolving landscape of finance and technology, the concept of tokenized assets has gained significant traction. Tokenized Treasuries, defined as digital representations of U.S. Treasury securities on the blockchain, have emerged as a compelling innovation. This article explores the growing interest in tokenization and the potential benefits it offers to investors and markets alike. Tokenized Treasuries: Digital Representation Tokenized
