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“# As faith in audits falter, the DeFi community ponders security alternatives ” As the attacks launched against popular decentralized finance (DeFi) protocols grow ever-more complex, the efficacy of audits from major security companies have in turn come under scrutiny — and some members of the DeFi community have already begun building homegrown alternatives. “I…
“#Towering business relief as E. 56th near Trump building reopens” The fancy Midtown block of East 56th Street between Madison and Fifth avenues finally reopened to vehicular traffic after a four-year shutdown — and nobody’s happier than the owners of an office building that isn’t even open yet. The closure was part of strict security…
“#Bank of America under fire for helping feds in Capitol riot probe” Security experts — including the NYPD’s former top cop — ripped Bank of America for reportedly handing over customer data to the feds probing the Capitol riots, warning Saturday of a “fishing expedition” that was chilling in its overreach. The bank handed over…
“# Researchers detect new malware targeting Kubernetes clusters to mine Monero ” Cybersecurity researchers at Unit 42, the intelligence team at Paolo Alto Networks, have published a profile of a new malware campaign that targets Kubernetes clusters and can be used for the purposes of cryptojacking. “Cryptojacking” is an industry term for stealth crypto-mining attacks…
“#Best Practices to Prevent eCommerce Fraud” The opportunity of cybercriminals to attack online businesses is increasing as online shopping becomes popular. If you possess an online business, you have to protect it from fraudsters who may ruin your reputation, steal from you, and harm your brand. What is eCommerce Fraud? eCommerce is a commercial electronic…
“#Pardon the Intrusion #35: WhatsApp’s Messaging Mess” Subscribe to this bi-weekly newsletter here! Welcome to the latest edition of Pardon The Intrusion, TNW’s bi-weekly newsletter in which we explore the wild world of security. Well, that escalated quickly. After alerting users of a change in privacy policy earlier this month and kicking up a storm,…
“# A ‘token’ gift: The US SEC giveth and taketh away ” On Dec. 23, 2020, the SEC published a statement proposing a framework for broker-dealers to custody digital asset securities in a manner consistent with Rule 15c3-3 under the Securities Exchange Act of 1934. Among other things, the statement, which will expire after a…
“# SEC vs. Kik Interactive: A status update on the Kin ecosystem and Kin tokens ” Much has been written about the Sept. 30, 2020, decision by Judge Alvin Hellerstein of the Southern District of New York in the U.S. Securities and Exchange Commission vs. Kik Interactive. In that order, the judge ruled in favor…
“# Bitcoin double-spend spotted in the wild ” BitMEX Research has identified a suspected double-spend transaction valued at 0.00062063 BTC or roughly $21 — and it doesn’t appear to be an instance of that popular replace-by-fee wallet hack. On Jan. 20, BitMEX’s ForkMonitor noted that “multiple blocks were produced at height 666833.” BitMEX Research tweeted:…
“# Projects weigh security risks, benefits of liquidity pool token collateral ” Multiple decentralized finance (DeFi) projects are moving forward with plans to allow liquidity provider tokens as collateral for stablecoin and lending services — though experts caution that the security considerations associated with using LP tokens in this manner can be complex. LP tokens…