Information Security Archives | Page 69 of 682

Digital Lending / Digital Payments

Switzerland Unveils Decentralized E-ID System and Federal Electronic Wallet

Switzerland has made a significant leap in digital identity management by announcing key technical decisions for its national electronic identity (E-ID) system and the Federal Electronic Wallet (SWIYU) initiative. Building on a pilot program launched in 2024, these decisions were disclosed during a public participation meeting, outlining the technical standards and an implementation timeline aimed at decentralizing digital identity infrastructure.

December 12, 2024

Cyber Security

How Is Microsoft Strengthening Security Against Active Exploits in 2024?

In 2024, Microsoft has made significant strides in enhancing the security of its software portfolio. The company’s efforts are part of a broader industry initiative to address and mitigate vulnerabilities that pose substantial risks to users and organizations. This article delves into the various measures Microsoft has implemented to fortify its defenses against active exploits, particularly focusing on the latest

December 12, 2024

Cyber Security

U.S. Government Charges Chinese Hacker Tied to Sophos Firewall Attacks

The U.S. government has revealed charges against Guan Tianfeng, a Chinese national linked to extensive cyberattacks on over 81,000 Sophos firewall devices worldwide in 2020. Guan, associated with Sichuan Silence Information Technology Company, is accused of computer and wire fraud conspiracy, and developing a zero-day vulnerability (CVE-2020-12271), which allowed unauthorized access to, and data exfiltration from, Sophos firewalls. The SQL

December 12, 2024

Cyber Security

How Did South Korea Dismantle a $6.3M Fraud Network?

In a remarkable show of determination and technological prowess, South Korean law enforcement, in collaboration with the Korean Financial Security Institute (K-FSI) and other agencies, successfully dismantled a large-scale fraud network that extorted $6.3 million from victims. This sophisticated operation, dubbed Operation Midas, spanned over a year and involved meticulous monitoring and analysis of 125 illegal home trading system (HTS)

December 12, 2024

Cyber Security

Bridging the Gap Between AppSec and R&D for Secure Innovation

In the evolving landscape of technology, the common friction between Application Security (AppSec) teams and Research & Development (R&D) teams poses a significant challenge, with AppSec often prioritizing caution while R&D pushes for rapid innovation. The recently released "AppSec & R&D Playbook" addresses this critical issue by providing actionable steps aimed at bridging this gap, aiming to streamline workflows, reduce

December 12, 2024

Cyber Security

Are You Aware of Fake Police Fines Targeting UAE Residents?

A sophisticated scam campaign targeting UAE residents with fake police fines has been uncovered by security researchers at Resecurity. This campaign, strategically coinciding with periods like UAE National Day, involves cybercriminals exploiting citizen trust through various means including calls, emails, and texts. These scammers seek to extort fake fines for traffic violations, parking fines, or license renewals, leveraging personal data

December 12, 2024

Fintech Blockchain

Crypto Scams Surge on Twitter: Daily Impersonation Accounts Up 87%

In an alarming turn of events, the world of cryptocurrency has witnessed a significant surge in scams, particularly through the social media platform X (formerly Twitter). According to recent findings by the blockchain firm Scam Sniffer, the number of daily impersonation accounts has skyrocketed by 87%, with over 300 accounts emerging daily compared to the November average of just 160.

December 12, 2024

Fintech Blockchain

Is Cryptocurrency Investment Worth the Risks and How Can BitTraderX Help?

With the growing popularity and increasing value of cryptocurrencies, many investors are looking to diversify their portfolios and delve into digital assets. However, navigating the volatile and complex world of cryptocurrency requires careful consideration and reliable platforms. BitTraderX appears to be an excellent solution for those wanting a secure and user-friendly trading environment. Evaluating Cryptocurrency Investment Viability Cryptocurrencies have garnered

December 12, 2024

Cyber Security

Orange Fined €50M for In-Email Ads and Cookie Consent Violations

In a significant ruling, the French Data Protection Authority (CNIL) has imposed a hefty fine of 50 million euros on the French telecom giant Orange for displaying advertisements in users’ email inboxes without obtaining their explicit consent. Specifically, Orange was embedding these ads within its Mail Orange service, leading them to appear as genuine emails among personal messages. This deceptive

December 12, 2024

Fintech Blockchain

Should Microsoft Have Invested 1% of Its Assets in Bitcoin?

On December 10, 2024, a significant vote took place within the halls of one of the world’s most powerful technology companies. Microsoft shareholders, spearheaded by its co-founder Bill Gates, cast their ballots against a controversial proposal to invest 1% of the company’s total assets in Bitcoin. This proposal, presented by the National Center for Public Policy Research, was intended to

December 12, 2024

Fintech Blockchain

Can Justin Sun’s Tokens Sustained Growth Signal an Impending Bull Run?

The cryptocurrency market has been buzzing with excitement as tokens associated with Justin Sun, a prominent figure in the crypto industry, have experienced significant price surges. This article delves into the recent developments surrounding these tokens, particularly $TRX and $HTX, and explores whether their sustained growth could signal an impending bull run. The Meteoric Rise of $TRX and $SUN Overnight

December 12, 2024

Fintech Blockchain

Alchemy Pay Unveils Alchemy Chain for Large-Scale Business Applications

In a bold move that highlights the increasing integration of blockchain technology into mainstream business operations, Alchemy Pay, a well-known crypto payments provider, has announced the upcoming launch of its layer-1 blockchain named Alchemy Chain. This ambitious project aims to streamline and facilitate large-scale business applications by leveraging advanced blockchain solutions. The Alchemy Chain is being developed using the Solana

December 12, 2024