15th March 2019
Canadian regulators are looking to create new rules for crypto trading platforms, months after the death of the founder of digital platform Quadriga CX that led to about C$180 million ($135 million) in frozen cryptocurrencies. The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization… Read More
26th February 2019
With its publication in the Official Journal of the European Union in late 2018, the Sixth EU Anti-Money Laundering Directive (6AMLD) is now on its way. Member-states have until December 2020 to transpose the directive into domestic law—an effort that would standardize criteria across the economic bloc for when predicate… Read More
15th February 2019
Bank of Valletta which accounts for almost half of Malta’s banking transactions, had to shut down all of its operations on Wednesday after hackers broke into its systems and shifted funds overseas. Prime Minister Joseph Muscat told parliament the cyber attack involved the creation of false international payments totaling 13… Read More
14th February 2019
A British banking industry body has urged customers to be wary of romance scams in response to a rise in the number victims. The UK Finance warning comes as new figures show that 4,555 reports of romance fraud were made to UK-based Action Fraud, with victims reporting to have lost… Read More
6th February 2019
Metro Bank said on Monday some customers had been hit by a fraud which targets a weakness in telecom companies’ text messaging systems used to verify bank transactions, and the bank said it was a wider attack on British banks. “Of those customers impacted by this type of fraud, an… Read More
4th February 2019
International payments network SWIFT said on Saturday it had signed an agreement with Bangladesh’s central bank to help it rebuild its infrastructure after hackers used it to steal $81 million in 2016 in the world’s biggest cyber heist. Unidentified hackers, suspected to be from North Korea, carried out the heist… Read More
30th January 2019
Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace released on Tuesday. Of the $1.7 billion, the report, which looks at criminal activity in the digital currency market, said $950… Read More
30th January 2019
A man has been arrested over allegations of fraud and money laundering at an address in Oxford, UK, following the theft of around €10 million in the IOTA cryptocurrency from over 85 victims worldwide since January 2018. An investigation was launched after police in Hessen, Germany, received reports from members… Read More
7th January 2019
AP — Fewer Marriott guest records than previously feared were compromised in a massive data breach, but the largest hotel chain in the world confirmed Friday that approximately 5.25 million unencrypted passport numbers were accessed. The compromise of those passport numbers has raised alarms among security experts because of their… Read More
31st December 2018
The personal information of nearly 1,000 North Koreans who defected to South Korea has been leaked after unknown hackers got access to a resettlement agency’s database, the South Korean Unification Ministry said on Friday. The ministry said it discovered last week that the names, birth dates and addresses of 997… Read More