Tag: Hacks

Hacking in Crypto: Cutting-Edge Cybersecurity Measures

Cybersecurity has become one of the biggest threats of our time, with about 7% of the world’s economic output at risk of being stolen. Blockchain technology is one solution, which is why so many new blockchain startups have appeared on the scene to tackle the issue of cybersecurity, but is that enough? Which ones are actually effective? Looking at the most protected systems in the world – such as supercomputers employed by the U.S. …
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Avast Successfully Completes The Acquisition of AVG For $1.4 Billion

Avast Software, the company behind one of the most popular antivirus solutions in the world has announced the acquisition of AVG Technologies (NYSE: AVG), another security software provider.  After issuing a press release back in July, Avast Software has finally completed the deal to absorb AVG. The purchase agreement specified a $25 price per share, costing Avast a total of $1.4 billion. This operation will nearly double Avast’s user base, …
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Bank’s Security Systems Still Vulnerable, SWIFT Says

The institution behind SWIFT, the messaging system that connects the banks all around the world, has said that banks are still vulnerable to computer hacks.  Major financial institutions use the SWIFT network to relay messages between each other. Swift is a platform used by more than 11,000 financial institutions to exchange messages that contain money transference orders. In a given day, the Swift infrastructure handles more than 25 million messages, accounting for billions …
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Bangladesh Central Bank Hack May Be Linked To Other Attacks Around The World

In February, Bangladesh Central Bank lost $81 million to hackers, three months after the attack, authorities have uncovered three more incidents that may be linked together, SWIFT CEO reveals plans to strengthen the security of its operations. The first uncovered case was actually the last attack carried out by the hackers, in February, a group of cybercriminals used stolen credentials from employees of Bangladesh’s Central Bank to validate over thirty wire …
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