Cloud applications and software have become a key part of everyday life for employees and businesses, but simple errors can make your cloud an easy target for hackers. The popularity of cloud applications and software has risen significantly in recent years. But while using cloud services can be beneficial for businesses and employees, it also…

Before joining Lux this February, Isford was an investor at Canvas Ventures focused on enterprise software and fintech. A data infrastructure investment she worked on at Canvas revealed to her the opportunity in the web3 space for companies to “share data immutably at scale,” motivating her pivot to crypto, she said. “That led me down the…

The Karakurt data extortion group is holing victim data for ransoms of $25,000 to $13 million in Bitcoin, according to a new alert from the FBI, Cybersecurity and Infrastructure Security Agency (CISA), and the Treasury Department. The U.S. agencies said Karakurt victims have not reported encryption of compromised machines or files, but instead the gang’s members…

The Russia-based cybercriminal group known as Evil Corp has shifted to a ransomware-as-a-service model in an effort to skirt U.S. sanctions, according to research from cybersecurity firm Mandiant. The U.S. Treasury’s Office of Foreign Assets Control, or OFAC, sanctioned Evil Corp in December 2019, citing the group’s extensive development of Dridex malware, which the gang used…

Banking giant Goldman Sachs recently released the eleventh edition of its annual insurance survey. Cryptocurrency was included for the first time. The survey of 328 chief investment officers and chief financial officers, representing nearly half the $26 trillion global insurance industry, indicated that six percent of respondents were invested in crypto or considering doing so. While…

Amid a rapidly evolving cyber threat landscape, an increasingly distributed workforce and growing reliance on the cloud, cybersecurity teams are struggling to monitor and protect far-flung architectures. Current security infrastructures result in too many false positives, leading to “analysis paralysis.” A shortage of cybersecurity professionals further compounds the problem. To address these issues, enterprises should…

For the first time ever Apple is moving some iPad production out of China and shifting it to Vietnam after strict COVID lockdowns in and around Shanghai led to months of supply chain disruptions, Nikkei Asia has learned. The U.S. company has also asked multiple component suppliers to build up their inventories to guard against future…

Imagine this: Within the next 10 years, you’re in the metaverse and celebrating a successful business deal, but the joyful moment dissipates as it’s quickly becoming apparent that the avatar (person) was not who you thought it was. Reality sets in. You’ve just become the victim of a cybercrime. Your financial assets and confidential data have…

Cryptography is the technology that powers online encryption, digital authentication, credit card processing, and online banking. Even if you’re not familiar with the technology, you likely rely on cryptography on a daily basis. Now, with the rise of cryptocurrencies and blockchain technology, cryptography may become even more important in the supply chain. In procurement and…

Cryptocurrency is a digital asset that can circulate without monetary authority like a government or bank. It’s an alternative form of payment created using cryptographic techniques that allow people to buy, sell, or trade digital currency. Since exchange rates are highly volatile, cryptocurrency has the potential to yield significant returns for investors. However, since cryptocurrency…

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…