India’s Union Budget 2022 resolves some of the uncertainty around the legitimacy of crypto assets. While crypto assets will not be considered as currency, Finance Minister Nirmala Sitharaman announced that the Reserve Bank of India will be launching a blockchain-based digital rupee this year.
A variety of underground markets exist to help malware-wielding criminals monetize their attacks, including via log marketplaces such as Genesis, Russian Market and 2easy, which offer for sale batches of data that can be used to emulate a victim, whether it's a consumer, an enterprise IT administrator or anyone in...
The Wormhole network, a token bridge that allows users to trade multiple cryptocurrencies without a centralized exchange, has been exploited for 120,000 wETH tokens ($321 million). The company says it has issued a fix for the flaw and is working to "get the network back up as soon as possible."
Democratic lawmakers outlined several provisions of the proposed America COMPETES Act, a measure to counter anti-competitive actions taken by China. Crypto advocates were quick to criticize one measure they say could have caused privacy and due process concerns. The language has now been amended.
The decentralized money market platform Qubit Finance, which runs on the Binance Smart Chain, has been hacked for more than $80 million, it confirmed via tweet on Friday. Blockchain security experts say it's the largest DeFi hack of 2022.
Lawmakers on the House Committee on Financial Services this week announced nine provisions of its America COMPETES Act of 2022 - one of which has been criticized by cryptocurrency proponents for potential privacy and due process concerns.
The Federal Reserve has published its long-awaited discussion paper on a central bank digital currency. In it, the Fed points to the innovative qualities of digital currencies, but stresses potential risks to the nation's financial system, including heightened cyberthreats and privacy concerns.
Singaporean cryptocurrency exchange Crypto.com confirms that its platform fell victim to a multimillion-dollar cyberattack. In a postmortem entry on its site, Crypto.com says unauthorized withdrawals targeted Ethereum and Bitcoin of 483 users. Associated losses were near $34 million.
The latest edition of the ISMG Security Report features an analysis of whether the cyberattacks that hit Ukraine's government agencies last week are attributable to any group or nation-state along with updates to the cybersecurity executive order and illicit cryptocurrency trends.
With 16% of U.S. citizens using a cryptocurrency trading platform, OCC acting Chief Michael Hsu urges collaborative efforts to pass cryptocurrency regulations, which he says could lead to greater innovation in the space.
North Korean cybercriminals escalated their illicit campaigns throughout 2021, frequently carrying out crypto hacks to siphon funds, launder gains and cash out using a decentralized exchange. New data from Chainalysis says North Korean hackers lifted nearly $400 million in cryptoassets last year.
A new Lazarus-linked APT threat known as BlueNoroff has emerged and is actively targeting cryptocurrency startups in a campaign called "SnatchCrypto." Research by Kaspersky found that more than 15 venture businesses and their employees have fallen victim to the nation-state threat actors.
Amid a surge in cryptocurrency investment - particularly across DeFi - blockchain experts warn that lax security was a main factor in $1.3 billion in cryptoassets being lost to hacks, exploits and scams in 2021. The losses, according to CertiK, rose from $500 million in 2020.
A new feature on antivirus product Norton 360 has left cybersecurity experts baffled, as the company has made a play in the cryptocurrency space with a tool that will mine Ethereum while users' computers are idle. Observers call it a puzzling move and that the feature may be difficult to uninstall.
In the latest update, four ISMG editors discuss key cybersecurity issues, including myth busting from the founder of Zero Trust, the reason behind the surge in high-profile cryptocurrency scams in India and how ransomware attackers routinely lie about their inclinations, motivations and tactics.