Resisting the DarkSide
The successful dark side ransomware attack in which hackers were able to disrupt a major pipeline providing gas to states throughout the east coast has once again brought the issue of cyber security to the forefront. Here are some of the lessons your credit union can learn from this event:
Don’t forget the basics. These are highly sophisticated attacks that start with very basic mistakes. On Wednesday, the FBI and the CISA issued a joint memorandum. The first three steps it suggested companies take to mitigate the threat of ransomware are to require multi-factor authentication, enable strong spam filters, and implement a user training program and simulated attacks for spear phishing.
What Is Paxos Standard (PAX) Stablecoin?
2 hours ago | Updated by staff writer · 5 min read Photo: Depositphotos
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The purpose of this guide is to provide a comprehensive guide about Paxos Standard (PAX) stablecoin. It can be used for making informed investing decisions.
Paxos Standard (PAX) is a collateralizable fiat currency based on Ethereum (ETH) blockchain technology. It is pegged against the US dollar, hence referred to as a stablecoin. It’s also widely known as the digital dollar. The Paxos Standard stablecoin initially appeared with the aim of revolutionizing the financial landscape, thanks to its capacity for speedy, flexible, and accessible seamless transactions.
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Tony Lauro, director of security technology and strategy at Akamai, discusses hardware security dongles and using phones to act as surrogates for them.
You have to hand it to the cyber-thieves: They have proven extremely adept at defeating security measures once thought reliable. Case in point: multifactor authentication (MFA). While two-factor authentication (2FA) using push text notifications has become the de-facto standard for login security, bad actors have found a variety of ways to circumvent it.
In fact, there is a cottage industry focused on defeating 2FA. Akamai recently published a blog post describing a phishing campaign that targeted banking customers in the United Kingdom by evading 2FA. Researchers from the Global Threat Intelligence Team at WMC recently disclosed that they were tracking a threat actor who goes by the alias “Kr3pto” who builds and sells phishing kits designed to acquire real-time security codes and 2
Judge approves UAW watchdog, triggers referendum vote on direct elections
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Detroit A federal judge judge Wednesday appointed a government watchdog to oversee the corruption-plagued United Auto Workers on Wednesday, one day after former President Dennis Williams was sentenced to 21 months in prison.
The move by U.S. District Judge David Lawson to appoint New York attorney Neil Barofsky is part of a broader deal reached between federal prosecutors and the UAW to settle a long-running criminal investigation targeting the union. The appointment sets in motion a process that could give UAW members the first chance in the union s history to directly elect new leaders.
Bakkt Teams Up With Cantaloupe to Accept Cryptocurrency & Participating Loyalty Points in Retail Network
Bakkt Holdings, LLC, a U.S.-based digital asset marketplace, announced on Thursday it has teamed up with Cantaloupe, Inc. (NASDAQ: CTLP), a digital payments and software services company, to provide cashless experience for consumers to spend digital assets at retail devices.
Bakkt reported that through the partnership, in addition to cash, debit and credit card, or mobile wallet, consumers will soon have the choice and flexibility to pay for products with cryptocurrency and supported loyalty points across Cantaloupe’s nationwide network.
“The partnership will enable Cantaloupe to offer consumers the ability to pay using the digital assets within the Bakkt App, starting with bitcoin and participating loyalty points on more than a million devices.”