Alberto Yepez of ForgePoint Capital says cryptocurrency poses new challenges for accommodating the "know your customer" process of confirming that you're "doing business with the people that you want to be doing business with."
Blockchain, the digital ledger used for cryptocurrency, can serve as an effective identity management platform, asserts Chris Boscolo, CEO of ZNO Labs, who describes an approach he calls "self-sovereign identity."
Attackers have stolen $23.5 million in cryptocurrency from Bancor, which is developing a decentralized exchange. The cause of the hack may have been a failure by Bancor to protect authentication keys that allowed for changes in its token smart contracts.
Quantum computing, blockchain, crypto, internet of things: There's a lot of hype around these technology areas, says Jon Geater, CTO of Thales e-Security. So it's essential to pierce the hype and see what's useful and applicable for practitioners.
Australian police in Queensland are pursuing a criminal investigation into what may be one of the first instances of a company swiping cryptocurrency using a software backdoor after a business deal went bad.
Experts have long warned that bitcoin is not as private as it appears. The very design of bitcoin, as well as some other virtual currencies, can lend a surprising amount of information about the groups using it to transact. In fact, it's sometimes easier to track than if criminals used the banking system.
Universities throughout Florida are adding more cybersecurity courses in an effort to better train the next generation of practitioners, says Ernie Ferraresso of the Florida Center for Cybersecurity, which recently provided a second round of funding for the effort.
A remote code execution vulnerability revealed in late March in the Drupal content management system is now being used on a large scale for mining the virtual currency monero, a researcher says. At least 400 websites have been infected, and the total number is likely far higher, security experts warn.
How might blockchain improve digital identity proofing in the healthcare sector? The National Health Information Sharing and Analysis Center and security vendor Trusted Key are testing that out with a proof-of-concept application.
Blockchain is high on the hype meter in 2018, but Gartner's Avivah Litan is encouraged by practical applications of the technology to secure financial transactions, protect identity and help organizations fight fraud.
Now that it's been confirmed that an insider at Punjab National Bank paved the way for $1.8 billion in fraudulent transactions, RBI, the nation's central bank, is reiterating the need to strengthen security measures tied to SWIFT interbank transactions, and security experts are offering risk mitigation advice.
After a year of brainstorming on blockchain technology, Microsoft says it will add support in its Authenticator app for a decentralized identity system that's designed to put users in control of their personal information.
Locky is back. After falling off the radar last year, the ransomware is once again being distributed via massive spam campaigns - run by the Necurs botnet - in the form of two new variants named Diablo and Lukitus.