Vulnerable APIs and Bot Attacks Costing Businesses Up to $186 Billion Annually Organizations are losing between $94 – $186 billion annually to vulnerable or insecure APIs (Application Programming Interfaces) and automated abuse by bots. That’s according to The Economic Impact of API and Bot Attacks report from Imperva, a Thales Read more…
Meta Settles for $1.4 Billion with Texas Over Illegal Biometric Data Collection Jul 31, 2024Ravie LakshmananPrivacy / Social Media Meta, the parent company of Facebook, Instagram, and WhatsApp, agreed to a record $1.4 billion settlement with the U.S. state of Texas over allegations that it illegally collected biometric data of Read more…
DOJ Arrests Founders of Crypto Mixer Samourai for $2 Billion in Illegal Transactions The U.S. Department of Justice (DoJ) on Wednesday announced the arrest of two co-founders of a cryptocurrency mixer called Samourai and seized the service for allegedly facilitating over $2 billion in illegal transactions and for laundering more than $100 million in criminal Read more…
Major Security Flaws Expose Keystrokes of Over 1 Billion Chinese Keyboard App Users Security vulnerabilities uncovered in cloud-based pinyin keyboard apps could be exploited to reveal users’ keystrokes to nefarious actors. The findings come from the Citizen Lab, which discovered weaknesses in eight of nine apps from vendors like Baidu, Honor, Read more…
Belarusian National Linked to BTC-e Faces 25 Years for $4 Billion Crypto Money Laundering Feb 05, 2024NewsroomCryptocurrency / Financial Fraud A 42-year-old Belarusian and Cypriot national with alleged connections to the now-defunct cryptocurrency exchange BTC-e is facing charges related to money laundering and operating an unlicensed money services business. Aliaksandr Read more…
Google Settles $5 Billion Privacy Lawsuit Over Tracking Users in ‘Incognito Mode’ Jan 02, 2024NewsroomData Privacy / Online Tracking Google has agreed to settle a lawsuit filed in June 2020 that alleged that the company misled users by tracking their surfing activity who thought that their internet use remained private Read more…
North Korea’s Lazarus Group Rakes in $3 Billion from Cryptocurrency Hacks Nov 30, 2023NewsroomCryptocurrency / Cyberattacks Threat actors from the Democratic People’s Republic of Korea (DPRK) are increasingly targeting the cryptocurrency sector as a major revenue generation mechanism since at least 2017 to get around sanctions imposed against the country. Read more…