The year 2022 marked a significant increase in the number of ransomware attacks globally. Since then, there has been no respite for individuals and organizations who have continued to fall prey to ransomware groups throughout 2023. With the increase in ransomware attacks, cybercriminals have continued to develop sophisticated and advanced techniques to execute their attacks. One of the known and
Blockchain technology has been one of the most significant innovations of the 21st century. It was first introduced in 2008 by Satoshi Nakamoto. Blockchain is a decentralized digital ledger that records transactions in a secure and transparent way. It has become a buzzword in the technology industry and is widely used in various applications such as cryptocurrency, supply chain management,
Sensitive data exposure can be defined as the unauthorized access, disclosure, or leakage of confidential and private information. This type of security breach is a serious problem for individuals, organizations, and governments globally. Nowadays, sensitive data is at risk of exposure more than ever before. Cybercriminals are becoming more sophisticated, and they have developed several techniques to gain access to
Russian hackers, known as APT29 or Cozy Bear and Nobelium, have been increasing their efforts to infiltrate organizations and governments worldwide. Their latest campaign targets NATO, the EU, and African countries to harvest sensitive information using sophisticated data harvesting techniques. The group has been linked to various cyberattacks, including the SolarWinds hack, which affected multiple US federal agencies. This article
Stablecoins are a vital part of the cryptocurrency market, as they offer stability and reliability that other coins do not. However, regulatory bodies worldwide have shown concerns over the potential risks associated with stablecoins, including the possibility of fraud, money laundering, and financial instability. In the United States, the House Financial Services Committee is set to hold hearings this week
The European Credit Sector Associations (ECSAs) have raised concerns about the upcoming European Digital Identity (eIDAS 2.0) proposal. In a statement, they have called on the European Commission (EC) to remove payments from the scope of the new plan. The eIDAS 2.0 proposal aims to create a digital identity wallet, which will enable citizens across the European continent to verify
Thunes, a global cross-border payments company, has been granted a new Payments Institution license by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France. This new regulatory approval further cements Thunes’ reputation as one of the leading payment powerhouses, connecting Europe, Asia, Africa, the Middle East, and Latin America. This new license enables Thunes to offer global cross-border
Quantum computing and quantum networking are emerging as the future of technological infrastructure. The technology is still in its nascent stage, but it has the potential to revolutionize the way we communicate, store data, and solve complex computational problems. Amazon Web Services (AWS) is one of the leading providers in the realm of quantum computing, and it has partnered with
The FirstNet cellular network was established after the devastating events of 9/11 with the aim of providing a secure broadband network for public safety officials. It is used by emergency workers, firefighters, and law enforcement officers across the United States. However, according to a recent report, the country’s cybersecurity watchdog has no confidence in FirstNet’s security. Concerns raised by US
The Lazarus Group, a notorious state-sponsored hacking group believed to be based in North Korea, has long been associated with persistent attacks on the cryptocurrency sector. However, recent research suggests that their tactics and focus have been shifting rapidly as part of an evolving campaign called DeathNote. The group’s attacks have now extended beyond cryptocurrencies and into various other sectors,
Turkish FinTech company, Sipay, is leading the way in payment processing services by offering a comprehensive platform for accessing multiple banks and minimizing the time and effort it takes to deal with various providers. In an interview with PYMNTS, Sipay’s founder and CEO, Nezih Sipahioglu, outlined how the company’s single-API virtual POS solution is transforming the payments landscape in Turkey
In the world of digital commerce, data is crucial because it helps businesses identify their customers, understand their behavior, and create personalized experiences. However, digital commerce also faces a data problem that has been a headache for merchants, issuers, and consumers alike. The data “payloads” accompanying eCommerce transactions lack the information that is most useful in determining a customer’s risk
