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UNODC Proposes Penalties for Unlicensed Crypto Firms in Southeast Asia to Combat Growing Cyber Fraud
In response to the surge in cyber fraud across Southeast Asia, the UNODC has recommended penalizing unlicensed crypto firms, which are being exploited by money launderers to enable illegal transactions. The report emphasizes the need for authorities to "identify and prevent" unregulated and unlicensed Virtual Asset Service Providers (VASPs), partic...
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‘Secure Your Crypto’: Mudrex Announces VDA-Focused Awareness Initiative in India
In honor of National Cyber Security Awareness Month this October, crypto investment platform Mudrex announced it will host a series of weekly panel discussions centered on crypto safety and cybersecurity. These sessions will be streamed across its LinkedIn, Instagram, Telegram, YouTube, and X platforms.
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Crypto Platform WazirX Offers $23 Million To Recover $234 Million Lost In Cyber Breach
Crypto platform WazirX, which lost a staggering $234 million worth of digital assets in a cyber breach, on Sunday announced $23 million in bounty to recover the stolen funds.
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ED Files Charges Against Chinese-Origin Directors, Others in Crypto Mining App Case
A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday.
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MPs Raise Concerns Over Cyber Security In New Parliament Building: Report
Parliamentarians on Friday raised concerns over cyber security in the new Parliament building and called upon banks to take adequate steps to secure the financial assets of the public at large.
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Crypto Scammers Cheat People Of Over A Crore Posing As Canadian Officials
The CBI seized about Rs 1 crore in cash during its searches against alleged fraudsters impersonating Canadian government officials who coerced their victims into transferring their assets to cryptocurrency.
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German Intelligence Unit BND to Use Dog-Themed NFTs to Fish for Cyber Talent: Details
Germany’s intelligence unit BND has decided to find cyber talent by enticing people to participate in a virtual, blockchain-based treasure hunt. Unlike usual NFT collections, the collectibles from ‘Dogs of BND’ will not be up for sale on any NFT marketplace. Instead, these NFTs will only serve as collectibles, acquired by finding a character ...
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Why Web3 Builders Need Fresh Talent to Simplify Self-Custody for the Masses
While passwords play a crucial role in securing our digital lives, password complexity and security management is ultimately the responsibility of the user. On this year’s World Password Day, KuCoin’s founder and CEO Jhonny Lyu highlights the ways in which digital asset investors can keep their holdings safe against cyber threats.
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ED Investigates Gaming Companies’ GST Evasion Worth Rs. 23,000 Crore
The Directorate of Enforcement is investigating GST evasion of about Rs 23,000 crore by gaming companies between April 2019 and November 2022, Minister of State for Finance Pankaj Chaudhary said on Monday. The ED has attached proceeds of crime in cases related to cyber and crypto assets frauds.
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BTC Likely to Soon Lose Its Value as Payment Tool for Cyber Criminals: Kaspersky
Kaspersky, in its new report, has claimed that Bitcoin is set to lose its value as a digital asset for ransomware negotiations and payments as regulations around the crypto sector increase around the world. The report also noted that the scammers are still expected to continue swarming to the crypto sector.
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Crypto Scammers Tapping Twitter to Hunt Victims Via Copycat Websites, Hacked Verified Accounts
Crypto criminals are swarming to Twitter to hunt for their potential victims, a cyber security researcher popular by the name of ‘Serpent’ has reiterated on Twitter. From crypto recovery scams to honeypot and fake reward techniques, scammers have stepped-up their game to churn boatloads of money wrapped as digital assets from innocent investors...
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Crypto Pyramid Scheme Lands 11 in Trouble, SEC Alleges $300 Million Were Raised by Fraud
A total of 11 individuals in the US have been charged with whipping-up a crypto pyramid scheme, defrauding “millions of retailers”, and churning over $300 million (roughly Rs. 2,359 crore). Carolyn Welshhans, Acting Chief of the SEC’s Crypto Assets and Cyber Unit called Forsage a fraudulent pyramid scheme launched on a massive scale and aggre...
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Norwegian Software Venture Targets Rising Cyber Attack Risks
Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber attack risk since Russia's invasion of Ukraine.
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SEBI Modifies Cybersecurity, Cyber Resilience Framework for KRAs, Mandates Cyber Audit Twice a Year
Indian market regulator SEBI has announced changes in cybersecurity and the cyber resilience framework for KYC Registration Agencies (KRAs). According to the new framework, KRAs must conduct a comprehensive cyber audit at least twice in a financial year.
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Norwegian Software Venture Targets Rising Cyber Attack Risks
Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber attack risk since Russia's invasion of Ukraine.
-
UNODC Proposes Penalties for Unlicensed Crypto Firms in Southeast Asia to Combat Growing Cyber Fraud
In response to the surge in cyber fraud across Southeast Asia, the UNODC has recommended penalizing unlicensed crypto firms, which are being exploited by money launderers to enable illegal transactions. The report emphasizes the need for authorities to "identify and prevent" unregulated and unlicensed Virtual Asset Service Providers (VASPs), partic...
-
‘Secure Your Crypto’: Mudrex Announces VDA-Focused Awareness Initiative in India
In honor of National Cyber Security Awareness Month this October, crypto investment platform Mudrex announced it will host a series of weekly panel discussions centered on crypto safety and cybersecurity. These sessions will be streamed across its LinkedIn, Instagram, Telegram, YouTube, and X platforms.
-
Crypto Platform WazirX Offers $23 Million To Recover $234 Million Lost In Cyber Breach
Crypto platform WazirX, which lost a staggering $234 million worth of digital assets in a cyber breach, on Sunday announced $23 million in bounty to recover the stolen funds.
-
ED Files Charges Against Chinese-Origin Directors, Others in Crypto Mining App Case
A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday.
-
MPs Raise Concerns Over Cyber Security In New Parliament Building: Report
Parliamentarians on Friday raised concerns over cyber security in the new Parliament building and called upon banks to take adequate steps to secure the financial assets of the public at large.
-
Crypto Scammers Cheat People Of Over A Crore Posing As Canadian Officials
The CBI seized about Rs 1 crore in cash during its searches against alleged fraudsters impersonating Canadian government officials who coerced their victims into transferring their assets to cryptocurrency.
-
German Intelligence Unit BND to Use Dog-Themed NFTs to Fish for Cyber Talent: Details
Germany’s intelligence unit BND has decided to find cyber talent by enticing people to participate in a virtual, blockchain-based treasure hunt. Unlike usual NFT collections, the collectibles from ‘Dogs of BND’ will not be up for sale on any NFT marketplace. Instead, these NFTs will only serve as collectibles, acquired by finding a character ...
-
Why Web3 Builders Need Fresh Talent to Simplify Self-Custody for the Masses
While passwords play a crucial role in securing our digital lives, password complexity and security management is ultimately the responsibility of the user. On this year’s World Password Day, KuCoin’s founder and CEO Jhonny Lyu highlights the ways in which digital asset investors can keep their holdings safe against cyber threats.
-
ED Investigates Gaming Companies’ GST Evasion Worth Rs. 23,000 Crore
The Directorate of Enforcement is investigating GST evasion of about Rs 23,000 crore by gaming companies between April 2019 and November 2022, Minister of State for Finance Pankaj Chaudhary said on Monday. The ED has attached proceeds of crime in cases related to cyber and crypto assets frauds.
-
BTC Likely to Soon Lose Its Value as Payment Tool for Cyber Criminals: Kaspersky
Kaspersky, in its new report, has claimed that Bitcoin is set to lose its value as a digital asset for ransomware negotiations and payments as regulations around the crypto sector increase around the world. The report also noted that the scammers are still expected to continue swarming to the crypto sector.
-
Crypto Scammers Tapping Twitter to Hunt Victims Via Copycat Websites, Hacked Verified Accounts
Crypto criminals are swarming to Twitter to hunt for their potential victims, a cyber security researcher popular by the name of ‘Serpent’ has reiterated on Twitter. From crypto recovery scams to honeypot and fake reward techniques, scammers have stepped-up their game to churn boatloads of money wrapped as digital assets from innocent investors...
-
Crypto Pyramid Scheme Lands 11 in Trouble, SEC Alleges $300 Million Were Raised by Fraud
A total of 11 individuals in the US have been charged with whipping-up a crypto pyramid scheme, defrauding “millions of retailers”, and churning over $300 million (roughly Rs. 2,359 crore). Carolyn Welshhans, Acting Chief of the SEC’s Crypto Assets and Cyber Unit called Forsage a fraudulent pyramid scheme launched on a massive scale and aggre...
-
Norwegian Software Venture Targets Rising Cyber Attack Risks
Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber attack risk since Russia's invasion of Ukraine.
-
SEBI Modifies Cybersecurity, Cyber Resilience Framework for KRAs, Mandates Cyber Audit Twice a Year
Indian market regulator SEBI has announced changes in cybersecurity and the cyber resilience framework for KYC Registration Agencies (KRAs). According to the new framework, KRAs must conduct a comprehensive cyber audit at least twice in a financial year.
-
Norwegian Software Venture Targets Rising Cyber Attack Risks
Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber attack risk since Russia's invasion of Ukraine.
