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” Winnipeg police get provincial funding to beef blockchain forensics unit “ Police in Winnipeg, the capital of the Canadian province of Manitoba, will be better prepared to deal with the use of cryptocurrency in cybercrime, thanks to $100,000 Canadian Dollars (CAD) in funding provided by the provincial government. Provincial Justice Minister Kevin Goertzen on…
” Nomad token bridge drained of $190M in funds in security exploit “ The Nomad token bridge appears to have experienced a security exploit that has allowed hackers to systematically drain the bridge’s funds over a long series of transactions. Nearly the entire $190.7 million in crypto has been removed from the bridge, with only $651.54…
” The worst places to keep your crypto wallet seed phrase “ Under the mattress, in the seams of a piece of luggage or even rolled into a cigar, what are the worst and best ways for keeping a seed phrase safe? The key to unlocking and recovering cryptocurrency, a seed phrase, should be secured…
” Proof-of-time vs proof-of-stake: How the two algorithms compare “ Consensus algorithms are processes where validators (also known as nodes or miners) within a blockchain network agree on the current state of the network. This mainly entails agreeing on whether a transaction submitted by a validator is authentic. Fraudulent or inaccurate transactions are rejected by…
” Blockchain and cybersecurity awareness on the rise: PolySwarm CEO “ As the blockchain space becomes more extensive, cybersecurity becomes a more crucial requirement for many. Because of this, PolySwarm CEO Steve Bassi argued that there is a need to leverage blockchain for cybersecurity. Bassi told Cointelegraph that while the awareness of blockchain technology and security…
” Yuga Labs warns of ‘persistent threat group’ targeting NFT holders “ Bored Ape Yacht Club (BAYC) creator Yuga Labs has warned there may soon be a “coordinated attack” targeting multiple non-fungible token (NFT) communities. The NFT company told its Twitter followers on July 19 that its security team has been tracking a “persistent threat…
” FBI issues public warning over fake crypto apps “ The Federal Bureau of Investigation (FBI) has issued a public warning about fraudulent cryptocurrency apps, which have swindled U.S. investors out of an estimated $42.7 million so far. According to an advisory published on July 18 by the securities and intelligence agency, cybercriminals have created…
“Honda key fob hack could leave all vehicle models since 2012 vulnerable: reports” A security flaw related to Honda’s keyless entry systems could leave all of the automaker’s vehicle models released since 2012 vulnerable to outside hackers, according to claims by a pair of security researchers and multiple reports this week. The so-called “Rolling-Pwn” attack…
“How Enterprises Establish Digital Trust with SSL Certificates” In a fast-paced hybrid-multi-cloud world where remote work and online communications are the norm, increasingly sophisticated cyberattacks continue to disrupt enterprises on a daily basis. Crucially, to mitigate the risks, enterprises must protect the sensitive data being shared online. This requires SSL certificates, the gold standard to…
” The development of blockchain industry and how to defend against attacks on DeFi “ Nowadays, the blockchain market as a whole is in its infancy, and the decentralized finance (DeFi) market is its most promising part. According to DefiLlama data, in 2021, the DeFi market had around $200 billion of liquidity locked in smart…