A quarter of UK businesses have been cryptojacked, reveals new research

ALondon – Cryptojacking has already affected large numbers of UK businesses, according to new research from CybSafe, the cyber security awareness and data analytics company. In CybSafe’s survey of 250 IT decision-makers at UK small and medium-sized enterprises (SMEs), 25% of respondents reported that one or more computers on their system had been cryptojacked in the last 12 months.   Cryptojacking is a process by which hackers hijack a computer’s processing power to mine for cryptocurrencies. As a result of high processor usage, computers infected with cryptojacking malware tend to…

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Coordinated Ransom Attack Creates Alarm in 23 Texas Towns

Twenty-three Texas towns have been struck by a “coordinated” ransomware attack, according to the state’s Department of Information Resources.   Ransomware is a type of malicious software, often delivered via email, that locks up an organization’s systems until a ransom is paid or files are recovered by other means. In many cases, ransomware significantly damages computer hardware and linked machinery and leads to days or weeks with systems offline, which is why it can be so costly to cities.   According to a weekend update by the Texas DIR, the…

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What is a SIM SWAP scam?

Smartphones have become a prominent part of everyday work and personal life.  Unfortunately, this trend has attracted the criminal element too. One of the scams out there that could cross your path is the SIM swap scam, which is also known as Port Out scam or SIM splitting.  It is a type of account takeover fraud, that targets a weakness in two factor authentication and two step verification, where the second step in the process is an SMS message or a call placed to a mobile phone.      …

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Rapid Launches of Next-Generation Firewall Strengthens Evolving Security Architecture

The advent of next-generation firewall (NGFW) was out of the blue, but today it is holding together the ever-evolving network security. It is the third generation of firewall technology that is completely capable of detecting as well as blocking unforeseen cyberattacks by enforcing security policies at the port and protocol level. Moreover, NGFW operates beyond basic protocol inspection to enhance inspection at an application-level and brings intelligence from outside the firewall. The surge in IoT-based complex threat landscape and increase in a number of data breach cases have skyrocketed the…

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How to invest in Cybersecurity

The threat of cybercrime continues to rise globally and this drives the need for solutions to deal with the epidemic. According to MarketsandMarkets, the cybersecurity market is forecast to grow from $15.66 billion in 2018 to $31.82 billion in 2023 resulting in a compound annual growth rate(CAGR) of 15.2%.   Instead of just investing in one or two stocks, Investors looking to profit from this growing market, it will make sense to invest in a wide spectrum of cybersecurity stocks through exchange-traded funds(ETFs). Two ETFs that are dedicated specifically to…

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Industry Consortium Launches Crypto Community Watch Program

  Leads self-policing of the cryptocurrency industry; opens tip line and 100 Bitcoin reward pool for anonymous whistleblowers Singapore – August 20, 2018 –ECoinmerce, the world’s first decentralized and tokenized E-commerce marketplace, today announces the formation of the Crypto Community Watch program, which provides an anonymous tip line and reward mechanism to empower whistleblowers and investigate cryptocurrency scammers and hackers.     The program was created by a consortium of industry players including ECoinmerce, ICO Alert, GZH, Step VC, and NewEconomies. The group’s goal is to create a community that…

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Why Cybersecurity Is Crucial For Your Business

These days, cybersecurity is a topic that every business has to address. More and more businesses get hacked every year as hackers get more sophisticated, sometimes even having the resources of an entire nation behind them. Private companies must take steps to ensure that they are protected against hacking and cyberattacks.   But why is cybersecurity so crucial? In order to understand this, you have to understand more about how cybersecurity and cyberattacks actually work. Let’s take a close look at cybersecurity for business, including the potential for disaster that…

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Twitter to Ban Bitcoin Ads

It was reported on Cointelegraph but unconfirmed as yet that Twitter will join Facebook and Google banning crypto advertising.     Sky News reported that they “[understand] that the new advertising policy will be implemented in two weeks and currently stands to prohibit advertisements for Initial Coin Offerings (ICOs), token sales, and cryptocurrency wallets globally.”   Full story: – Unconfirmed report on Twitter to ban crypto related ads in response to regulation concerns     Twitter has been full of crypto scams of late   Did You Hear the One…

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Privacy Coin on the Verge of losing 1 Billion

Rumours circulated  1 billion XVG (or about 6% of the total supply) were stolen by hackers when the cryptocurrency Verge had their Twitter account hacked and its developer’s private details shared.     The hacker then bragged about the feat to the account’s 265,000 followers and attempted to scam them out of verge (XVG) cryptocurrency.   The price of XVG had dipped in value, and it remains 5% lower against BTC today.   Full story: –  Privacy Coin Twitter hacked and Developer Doxed     This story is a stark…

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