Rashmi has seven years of experience writing and editing stories on finance; enterprise and consumer technology; and diversity and inclusion. She has previously worked at (formerly) News Corp-owned TechCircle, business daily The Economic Times, and The New Indian Express.
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.
Virtual currency mixer Blender.io has been sanctioned by the U.S. for enabling North Korea to conduct "malicious cyber activities and money laundering of stolen virtual currency," the U.S. Treasury Department’s Office of Foreign Assets Control says in its first sanctioning of a currency mixer.
DeFi platform Fei Protocol has offered a $10 million "no questions asked" bounty to hackers in an attempt to recover some of the funds stolen from its recently merged DAO partner Rari Capital. Blockchain security firms BlockSec and CertiK say the amount of stolen funds totals about $80 million.
DeFi platform Deus Finance has been hit by hackers for the second time in two months, likely raking up losses of about $10 million in the latest incident. Its co-founder Lafayette Tabor tells ISMG that the incident was the result of a zero-day exploit. The firm is currently investigating the matter.
Decentralized credit-based stablecoin protocol Beanstalk was the victim of "a theft of about $76 million in non-Beanstalk user assets." The Ethereum-based protocol did not specify what those assets included, but blockchain security firm PeckShield says the total losses are likely $182 million.
Last week, the U.S. Department of Justice said that law enforcement authorities had made "one of the largest cryptocurrency forfeiture actions ever filed by the United States," confiscating about $34 million worth of cryptocurrency "tied to illegal dark web activity." Here's how they made it happen.
A yearlong joint operation by law enforcement agencies across several countries led to the shuttering of darknet marketplace RaidForums and the seizure of three domains hosting the website. Its 21-year-old alleged founder and two unidentified co-conspirators have also been arrested.
A $960,000 NFT rug pull scam has affected at least 1,191 people who bought the tokens, a blockchain investigator and researcher who tweets as @zachxbt tells ISMG. Michael Fasanello, a private sector compliance professional specializing in anti-money laundering, also verifies the scam.
Days after the recent Okta data breach, parts of a security report, allegedly created by Mandiant, were leaked, giving the breach timeline and how the threat group gained access to Okta's environment. Security experts, including an Okta customer, discuss the report, supply chain risks and redress.
Two 20-year-olds have been charged in the U.S. for conspiring to commit wire fraud and launder money as part of a million-dollar scheme involving non-fungible tokens - or NFTs. The charges each carry a maximum sentence of 20 years in prison.
In 2021, the supply of cybersecurity professionals increased across the globe, with the exception of the Asia-Pacific region and some parts of Europe, says (ISC)² CEO Clar Rosso. She discusses factors behind the workforce gap and how a diverse team can improve resolution of cybersecurity problems.
A security flaw in Kafdrop, an open-source user interface and management interface for distributed event-streaming platform Apache Kafka, has exposed data of "major global players ... in healthcare, insurance, media and IoT," a report by cybersecurity company Spectral says.
In a report published earlier this week, (ISC)² - the international non-profit association that certifies cybersecurity professionals - says minority security practitioners, including people of color and women, are underrepresented in the field and offers practical steps to address the issues.
Researchers at cybersecurity firm Kaspersky have discovered an advanced Trojan, dubbed BloodyStealer, stealing gamer accounts and data from platforms such as Steam, Epic Games Stores and EA Origin. They say there is a demand for this type of data among cybercriminals.
Earlier this month, McAfee Enterprise's Advanced Threat Research team, working with McAfee's Professional Services IR team, reported that an APT campaign dubbed Operation Harvest had been in operation for years. Their analysis provides insight into the group's tools, tactics and techniques.
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