The world's largest cryptocurrency trading platform is bankrolling a lawsuit challenging the U.S. Department of the Treasury's sanctions against Tornado Cash. The cryptocurrency mixer is a favored tool of North Korean crypto thieves, who use it to launder stolen funds.
Domain name registrars track domain name owners via "whois" data, which is a crucial tool for investigators combating cybercrime. But Kroll's Alan Brill says that since the EU General Data Protection Regulation went into effect, many registrars no longer publicly share such information, and that's a problem.
Dutch police have arrested a man accused of working as a developer for Tornado Cash. "He is suspected of involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies via the decentralized Ethereum mixing service," Dutch authorities say.
In the latest weekly update, four ISMG editors discuss the breach of customer engagement platform Twilio, a cyberattack on the U.K.'s NHS that has reignited concerns about supply chain security in the healthcare sector, and the U.S. Treasury clamping down on shady cryptocurrency mixers.
A high-ranking employee at Bitcoin Mercantile Exchange, or BitMEX, has pleaded guilty to violating the Bank Secrecy Act, which requires financial institutions to help prevent money laundering. The plea by Gregory Dwyer follows BitMEX's three founders all pleading guilty to the same charge.
The Indian government has scuttled its personal data protection bill after the proposal grew in scope beyond data protection "and was creating degrees of complexity." Arrka Consulting CEO Shivangi Nadkarni shares her views on what the new bill must incorporate.
The Biden executive order on cybersecurity was a catalyst for action, with tight delivery times for steps including promotion of SBOMs and zero trust. The cyber-physical nexus and expanding threat surface mean it's not easy to maintain vigilance, but recognizing that is the first step.
Effective security and risk programs require not just domain mastery but making security accessible to boards of directors and senior officers, says Karin Höne, the group chief information security and risk officer of South Africa-based multinational Barloworld.
Ronald Raether of Troutman Pepper says privacy, data security and information governance departments must collaborate to reduce unauthorized access to systems by criminals and make data operationalization more effective. He also says proper data mapping, governance and classification are critical.
SSNDOB, a darknet marketplace selling stolen Social Security numbers and birthdates, has been shut down, says the U.S. Department of Justice. The takedown was the result of a multiagency effort involving the IRS-CI, the FBI, the DOJ, and law enforcement agencies of Cyprus and Latvia.
Memo to IT administrators: Don't store data in cloud in an unsecure manner. Security researchers at Secureworks have found more than 1,200 cloud-based, unsecured Elasticsearch databases that attackers wiped, leaving only a ransom note demanding Bitcoin in return for their restoration.
A $150 million penalty has been slapped on Twitter for deceptively using account security data of millions of users for targeted advertising, the U.S. Justice Department and the Federal Trade Commission say. Twitter says it has paid the fine and ensured that personal user data is secure and private.
In the latest update, four ISMG editors discuss the alarming, bizarre case of a cardiologist in Venezuela charged with developing malware and recruiting affiliates, recent ransomware and data leak incidents in healthcare and how the economy is causing mature cybersecurity startups to slow hiring.
In the latest "Proof of Concept," Lisa Sotto, Jeremy Grant and ISMG editors discuss the significance of Apple, Google and Microsoft supporting the FIDO protocol's passwordless sign-in standard, progress made on Biden's cybersecurity executive order and updates on U.S. cybersecurity and privacy laws.
The United Kingdom has announced two proposed pieces of legislation - the Financial Services and Markets Bill and the Economic Crime and Corporate Transparency Bill - to regulate the digital assets industry and curb the use of virtual currency in illicit activity.
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