A New York federal jury has found a hacker guilty of charges that he masterminded and carried out a scheme to fraudulently obtain $110 million in cryptocurrency from crypto currency exchange Mango Markets and investors.
Every week, ISMG rounds up cybersecurity incidents in digital assets. This week, sentencing in the first-ever conviction for hacking a smart contract, indictment in a million-dollar illicit mining, FTX executive's sentencing, Railgun's money-laundering defense and Uniswap's Wells Notice.
Wiz is in advanced negotiations to buy Lacework for between $150 million and $200 million. The companies recently signed a letter of intent and are now in the midst of a comprehensive due diligence process, after which a decision will be made on whether the acquisition will go through.
Since June 2023, 19 junk gun ransomware variants have been discovered on the dark web. These cheap, independently produced and crudely constructed variants offer an attractive way for newer cybercriminals to get started in the ransomware world and are mostly effective against SMBs.
Here's ransomware news to celebrate: The number of victims who opt to pay a ransom has dropped to a record low. Also, the operators of two major groups hit by law enforcement disruptions have each chosen to swindle their affiliates, sowing disaffection and driving away burned business partners.
San Francisco-based asset intelligence vendor Armis plans to embed AI and automation into the incident prioritization and remediation process through the $150 million acquisition of early-stage startup Silk Security to minimize manual intervention and maximize efficiency.
Our dependence on technology has introduced new and sophisticated cyberthreats that elevate the demand for skilled cybersecurity professionals. The field is expected to experience a surge in job opportunities. Follow these steps to kick-start your career in this challenging yet rewarding field.
Financial institutions must address not only data security but also data warehousing and data governance issues to meet regulatory and compliance requirements. M-Pesa's Tim Theuri and Inq. Digital's Tunde Dada discussed the strategies they deploy to meet both security and privacy requirements.
The British antitrust authority warned Thursday that the market for foundational models is taking on "winner takes all" dynamics that could entrench a small number of providers. Firms with an outsize presence in offering compute or data resources could restrict access to critical inputs.
A California private equity firm sued Synopsys and accused the systems design behemoth of breaching an exclusivity agreement by shopping its $525 million software integrity business. Sunstone Partners Management said it signed a letter of intent to acquire Synopsys' security testing services unit.
At many financial institutions, your voice is your password. Tiny variations in pitch, tone and timbre make human voices an ideal method for authenticating customers - as long as computers can't be trained to synthesize those pitch, tone and timbre characteristics in real time. They can.
Software as a service, much like the cloud, is a major driver in digital transformation, but it is also a leading vector for cyberattacks on digital networks. As SaaS application attacks continue to rise in scale and frequency, do businesses have ways to tackle the threats?
This week, Google sued alleged crypto fraudsters, Mango Markets exploiter's trial began, Do Kwon and Terraform Labs are liable for civil fraud, Taiwanese prosecutors indicted ACE Exchange's co-founder, Wormhole nearly gave $40,000 to hackers and a Binance executive pleaded not guilty in Nigeria.
A financially motivated threat group used a script apparently coded by artificial intelligence to download an info stealer onto victim computers. The script, used to load the Rhadamanthys info stealer, contains "grammatically correct and hyper specific comments above each component of the script."
Employers can now fire an employee who complains about sexual harassment, take a cut of their workers' tips and serve customers cheese nibbled on by rats: at least according to advice doled out by New York City's AI chatbot meant to help small business owners navigate the city's bureaucratic maze.
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