Israeli cybersecurity firm Source Defense analyzed the supply chain risk posed by shadow code on third- and fourth-party scripts on major businesses’ websites. Third-party scripts and open source JavaScript libraries assist development teams in adding advanced functionality to web applications without writing or maintaining code. They allow developers to improve user interaction, implement social media sharing, tracking…

Mirror Protocol appears to be under attack and may have already lost as much as $2 million. The frequency of DeFi hacks has made them almost commonplace in the cryptoverse. However, what is certainly unusual is DeFi protocol exploits worth $90 million going unnoticed for seven months – and yet, that is the story of Mirror…

Dmytro Dubov, Head of the Information Security and Cyber Security Department of the National Institute for Strategic Studies in Kyiv, examines Russia’s methods of cyberattack against Ukraine’s critical infrastructure facilities, and their impact. He discusses the close coordination between Russia’s cyber and propaganda activities and highlights future challenges for Russia in the IT realm that, if…

Despite Washington’s recent attempts to expand cybersecurity rules and disrupt hacking gangs, ransomware continues to proliferate and executives report unease about their companies’ ability to ward off the threat. The number of ransomware attacks against U.S. businesses has continued to increase this year, cybersecurity experts say, while some lawmakers warn the government has limited visibility of…

Bitcoin and Ethereum are the Coca-Cola and Pepsi of the cryptocurrency space. As the number one and two biggest names in the market, they’re often compared against one another. From premise to prices, the two concepts are very different. However, there are many similarities to be found. Here’s a look at how the two systems compare. Bitcoin…

The AMD-powered Frontier supercomputer is now the first officially recognized exascale supercomputer in the world, topping 1.102 ExaFlop/s during a sustained Linpack run. That ranks first on the newly-released Top500 list of the world’s fastest supercomputers as the number of AMD-powered systems on the list has expanded significantly this year. Frontier not only overtakes the…

Policy circles in Washington are now debating how Vladimir Putin might respond to a major contraction of the Russian economy and clear signs that Moscow is losing the war in Ukraine. Some posit that a cornered president, furious and facing a near defeat, might indeed respond brutally—moving the proxy confrontation of a new Cold War…

Bitcoin gives one sovereignty, but the responsibility of safe storage is the cost of continuing to enjoy such sovereignty. The promise of permissionless money that is tamper-proof and sensor-proof is only realistic if the Bitcoin is held in self custody. There are risks to storing one’s Bitcoin on a centralized exchange, including counterparty risk, the risk…

For procurement leaders at industrial companies, the past 18 months have been difficult. Resurgent economic activity has collided with supply disruptions that have seemingly come one after another. Procurement executives know they need to respond but are unsure how. Most of them have not had a chance to anticipate the next set of problems—let alone…

The idea of decentralized finance was born around 2017, a few years after the launch of the Ethereum Blockchain. Since then, the DeFi space has increasingly attracted attention from many different key opinion leaders, influencers and investors. The general idea is to decentralize financial activities and bring financial control to individuals. DeFi has been reshaping the…

Unlike any other time in history, the past decade has shown us the power of technology to transform our working and personal lives. Technology-enabled shopping, banking and working from any location made the restrictions from COVID-19 more manageable. We are also getting a hint of the power that big data, AI and machine learning will…

For a few years, rumors have persisted that Microsoft was exploring building some form of streaming stick to offer Xbox Cloud Gaming via a more affordable dongle, similarly to Chromecast and Google Stadia. The first hint was Project Hobart. More recently, a code name “Keystone” appeared in an Xbox OS list, lending fire to rumors…

Satoshi Nakamoto imagined a trustless, transparent financial system without the need for intermediaries like banks mediating everyday transactions. Nakamoto’s philosophy reached its zenith with the emergence of smart contracts and decentralized finance (DeFi). The DeFi sector grew significantly, and its total volume locked (TVL) surpassed $250 billion in 2021. Despite turbulent market conditions, DeFi’s TVL hovered…

National Security Agency (NSA) director of cybersecurity Rob Joyce told attendees of a recent UK security conference that ransomware attacks are down in roughly the last two months, and that trend can be traced directly to sanctions placed on Russia. Criminals that operate out of the country are struggling to find ways to cash out…

If you’re anywhere near the tech or financial space, you’ve likely been hearing terms like DeFi, blockchain, and smart contracts more and more frequently. Ever since cryptocurrencies and other decentralized technologies came on the scene, they’ve been the subject of much speculation and debate among engineers and business leaders. Some tech thinkers suggest that blockchain is…

There are many lessons emerging from Russia’s invasion of Ukraine, and others yet to be discerned. One insight that the war has reinforced concerns the tremendous strategic value of semiconductors. These tiny silicon chips offer a huge warfighting advantage for the Ukrainians — but also should remind the United States of the urgent need to…

Cryptocurrency is the most exciting and unpredictable financial frontier in today’s world. The opportunities for crypto-based businesses are enormous, but so are the attendant risks. Protecting you from these downfalls is what crypto insurance is all about. Although it will safeguard your business from cybercriminals, it will also give your customers valuable peace of mind.…

The crypto market is covered in red again. This week the price of bitcoin price fell 2.4% and Ethereum’s price is down 5.0%. Cardano ADA fell 9.8%, XRP XRP lost 6.14%, and Solana slumped 12.4%. Meanwhile, the price of BNB BNB rose 7.4%. The waters are still murky after the mid-month roiling of the crypto…

Quantum computers will eventually break much of today’s encryption, and that includes the signing algorithm of Bitcoin and other cryptocurrencies. Approximately one-quarter of the Bitcoin ($168bn) in circulation in 2022 is vulnerable to quantum attack, according to a study by Deloitte. Cybersecurity specialist Itan Barmes led the vulnerability study of the Bitcoin blockchain. He found the…

Sen. Gary Peters, D-Mich., chairman of the Senate Homeland Security and Governmental Affairs Committee, has released a report saying the federal government lacks sufficient information on ransomware attacks and the use of cryptocurrency in ransom payments. The report also found that current reporting of such attacks is fragmented across federal agencies and that lack of comprehensive…

On April 5, IBM unveiled IBM z16, the company’s next-generation system with an integrated on-chip artificial intelligence (AI) accelerator to deliver latency-optimized inferencing. With this innovation, clients will be able to analyze real-time transactions at scale. IBM z16 is even more valuable for mission-critical workloads such as credit card, health care and financial transactions. Inference is…

The governance vote on Do Kwon’s proposal to relaunch the Terra blockchain and create LUNA 2.0 tokens has passed. This will result in the creation of a new blockchain that will airdrop tokens proportionally to those affected, following the sudden collapse of the TerraUSD (UST) algorithmic stablecoin. In total, 65.5% of the total votes supported Kwon’s…

During the COVID-19 pandemic, an increasing number of people have relied on media and technology to inform, entertain and educate themselves, do business, and socialize. But the shift in usage patterns does not automatically mean that everyone understands what the metaverse is. Fewer than one in five (16%) of Americans can define the term: some…

The Organisation for Economic Co-operation and Development (OECD) has released a public consultation document, Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard. The document responds to a request from the G20 to develop a framework to assist in the automatic exchange of information related to cryptoassets, arising from concerns about the rapid adoption…

The attack against the Ronin Network in March was quickly speculated to be one of the largest cryptocurrency hacks of all time. Approximately $540 million was stolen from the cryptocurrency and NFT games company in a combination of USDC and Etherium, with $400 million of the stolen funds owned by customers playing the game Axie…

Despite the crypto slump, banking giant JPMorgan says bitcoin is massively undervalued. Maintaining its estimate of bitcoin’s fair value at $38,000, the bank today reiterated the assessment it gave the asset in February when the cryptocurrency was trading around $43,400. This price is approximately 28% higher than its current level of $29,757. In a note to…

The Conti ransomware operation has undergone some significant organizational structure changes in the past months after the brand became toxic due to its affiliation with the Russian government. The Conti operation has been highly successful, helping cybercriminals make billions of dollars after breaching the systems of hundreds of major organizations. While it appeared to be very…

Whistleblowers from the Terra community have made allegations that some of the most prominent figures in the cryptocurrency industry, like FTX CEO Samuel Bankman-Fried and Jump Crypto CEO Kanav Kariya, were responsible for TerraUSD’s (UST) colossal crash and de-peg. Whistleblowers in the Terra community have come forward with details of an insider deal that destroyed stablecoin…

The number of decentralized finance (DeFi) and blockchain projects grew massively during the past year, but their increased popularity has also piqued the interest of cyberattackers – who managed to steal at least an estimated $1.8 billion in 2021. The blockchain is a digital ledger that records transactions in a way that is difficult to…

The logistics landscape is changing. Like the employment market in the pandemic, the need to unexpectedly adjust creates the opportunity to re-think. Sometimes the change is tactical – a reversible reaction – and things return to normal. Other times it leads to be a more structural change. Anticipating the forward shape of the supply chain means…

Despite being around for roughly 13 years and currently in the midst of a market crash, crypto feels like it’s still in a goldrush phase. As hopeful investors pile in with dreams of making big money, many still lack any real knowledge about what they’re getting into. A survey by software developer Oxford Risk last year…