Ripple CEO Brad Garlinghouse took to Twitter to deny recent explosive claims made by Crypto Leaks, an online publication focusing on corruption and fraud-related news in the crypto ecosystem. Crypto Leaks published a report on Friday containing a series of short videos from an unknown source. The report claimed that Ava Labs formed a secret pact with the law firm to use the American legal system “gangster style” to “attack and harm crypto organizations.” The same report also alleged that Ripple CEO Brad Garlinghouse funded a law firm to target competitor firms. The report claimed Roche, who founded Roche Freedman, was earlier working with Boies Schiller Flexner, a firm that was representing Ripple in its lawsuit against the United States Securities and Exchange Commission (SEC)....
Nowadays, threat actors are leaning on new tools and techniques to improve the efficiency of their attacks. Only artificial intelligence (AI) and machine learning move quickly enough to defend organisations in this evolving cyber threat landscape. “In the past three months, we’ve been seeing more speed and speed can kill,” says Derek Manky, Chief Security Strategist & VP Global Threat Intelligence at FortiGuard Labs. Threats have been getting into a system, hitting the targets, exfiltrating data, demanding ransom, and getting out of a system, much quicker than normal. This includes attackers capitalizing on new vulnerabilities, zero-days and n-days. They also appear to have become more aggressive, with double extortion, triple extortion and targeted attacks. “Their approaches are more ...
A seed phrase might be confusing and probably you might be wondering how a seed phrase looks and maybe how it is created. The seed phrase is generated by a cryptocurrency wallet and the user has no way of customizing it. The words generated are derived from a list of 2048 words. So, how many words is a seed phrase? A seed phrase is made up of a long string consisting of a group of random words. The words on a seed phrase are simplified so that the user can remember them, unlike if the seed phrase consisted of long numbers or special characters. The recovery phrase consists of 12 to 24 words like energy, road or open. To avoid errors, these randomly generated words do not include pairs like “man” and “men” in the same seed phrase. Bitcoin im...
Binance representatives participated in a hearing of the Philippine Senate Banking Committee, according to a report in the local press Wednesday. Bangko Sentral ng Pilipinas deputy governor Chuchi Fonacier, the country’s Security Exchange Commission (SEC) chair Emilio Aquino, and members of FinTech Alliance Philippines and the Cagayan Economic Zone Authority also took part in that hearing. The hearing was devoted to fintech innovation and consumer protection, according to the report. Fonacier discussed a sandbox approach to regulation, and Aquino talked about digital asset security. Binance was represented by APAC director Leon Foong and Philippines general manager Kenneth Stern, who told the hearing about the exchange’s security and Know Your Customer process. Stern said at the hearing: “...
A 2022 global state of security survey from Infoblox, the leader in cloud-first networking and security services, highlights the security concerns, fears, and costs from 1,100 IT respondents in the United States, Mexico, Brazil, United Kingdom, Germany, France, the Netherlands, Spain, United Arab Emirates, Australia, and Singapore. “The hybrid workplace is more reliant than ever on cloud-first technologies, but blind spots have emerged,” says Aric Ault, Senior Director of Channel for Infoblox EMEA. “The explosion of employee-owned technologies on the corporate network feeds IT teams’ growing fears over losing direct security controls and network visibility. This has become all the more concerning as breach costs top 1 million USD for 43 percent of surveyed organisations.” Ruan du Preez, Ve...