04 Dec 2019

2019 experienced massive spate of crypto crimes, $4.4 billion to date

Research shows that the majority of cryptocurrency exchanges are not equipped to handle basic KYC. Nations only have seven months left to pass laws and virtual asset service providers to comply with guidelines, yet they are inadequately prepared to comply with the new funds Travel Rule in the Financial Action

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04 Dec 2019

Putin signs new “foreign agent” law that could help him silence even more voices

Russian President Vladimir Putin recently signed laws that allow Russian authorities to declare individuals associated with media production as foreign agents. This expansion of power adapts the “foreign agent” legislation from 2012 that could be used to silence dissenting voices. The bill has been widely criticized by many human rights

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04 Dec 2019

China capex growth hits three-year low as weak economy, trade war drag

Capital investment by Chinese firms has reached its slowest pace in three years amid the Hong Kong protests. Factors contributing to this lack of capital investment include a weakening economy, tight credit, and ongoing trade war with the US, resulting in dented sales growth and cash reserves. Analysts expect the

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04 Dec 2019

TrickBot Expands in Japan Ahead of the Holidays

IBM X-Force data indicated that Trickbot banking Trojan is undergoing code modifications and global attacks are increasingly targeting Japan ahead of the 2020 holidays. IBM reported that Trickbot is currently the most active and widely used baking Trojan. In August, Trickbot was modified to target mobile devices and is the

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04 Dec 2019

DHS Plans to Expand Facial Recognition Border Checks

The Department of Homeland Security (DHS) plans to extend facial recognition checks to include all travelers into and out of the US, including US citizens who were previously exempt. The ruling was first reported earlier this week and signifies a huge expansion of what was previously practiced in terms of

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04 Dec 2019

Magecart Hackers Open Fire at Smith & Wesson Customers

Digital skimming hackers targeted the website of major US gun producer Smith & Wesson, as well as their customers, over the weekend. Smith & Wesson is based out of Springfield, Massachusetts, and was attacked on Black Friday during one of the highest-grossing shopping days of the year. Smith & Wesson

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04 Dec 2019

Hacking robotic vehicles is easier than you might think

New research from the University of British Columbia suggests that robotic vehicles like Amazon delivery drones can be hacked more easily than you may think. The researchers at the University of British Columbia designed three types of attacks on robotic vehicles that caused the machines to be compromised, either crashing,

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04 Dec 2019

FBI warns about snoopy smart TVs spying on you

A recent FBI report warned that hackers could take control of an unsecured TV, gaining the ability to turn on the microphone and camera. Although this risk has been on the radar for some time, only a few cases of hackers using TVs to cyberstalk homes have been recorded. However,

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03 Dec 2019

Tourism in Israel? U.S. charity’s offer with Gaza hospital project irks Palestinians

US charity FriendShips, an evangelical Christian group, is building a tent hospital in the Gaza strip, causing controversy by offering foreign medical volunteers a weekend of tourism in Israel across the volatile border. Construction of the facility had won support from both Hamas, Gaza’s Islamist rulers, and Israel. However, civilians

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03 Dec 2019

Crooks are exploiting unpatched Android flaw to drain users’ bank accounts

Hackers are taking advantage of StrandHogg, a recently publicized Android vulnerability, to steal banking credentials and empty accounts. European security company Wultra warns that several banks in the Czech Republic have reported money disappearing from customer accounts. All versions of Android are affected by the vulnerability, as well as all

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