Cryptocurrency exchange, Bitrue, suffers major cyber-attack

The Singaporean crypto exchange company announced a major data breach losing $4.5 million in customer funds.  In a series of tweets, Bitrue informed the public about the breach. “At approximately 1am June 27 (GMT+8), a hacker exploited a vulnerability in our Risk Control team’s 2nd review process to access the personal funds of about 90 […]

Firefox to introduce random password generator

Later this year Mozilla Firefox will introduce its own password generator. The password generator, much like Google’s Password Vault will generate a unique password for the user and keep them stored on the users’ account. The new feature, which is presently being tested on the web browsers’ beta site, Firefox Nightly, is currently only available […]

Cybersecurity in healthcare: assessing the cyber-fitness of the health industry

Cybersecurity is vital for businesses in every sector. However, it’s particularly important for those in healthcare. If these organisations fail to keep their networks secure, they face the same issues as other organisations – the loss of data and operational capacity – but the stakes rise dramatically in the health space. Loss of data could […]

Research reveals payment fraud’s “undeniable” link to terrorism and other transnational crimes

Researchers at the dark web data intelligence company, Terbium Labs, analysed 274 cases involving transnational crime elements in the past decade.  The report, The Next Generation of Criminal Financing: How Payment Fraud Funds Transnational Crime, highlights the need for a shift in reporting policies for both financial institutions and criminal justice agencies.  A loss of […]

Why kiosks are a target for cyber attacks

By Bernard Parsons, CEO, Becrypt Today, customers are demanding immediacy, personalisation and seamless services from their providers and our desire for instant gratification means that those servicing the public need to provide easy, fast, smooth and continuous ways to meet customer expectations. This is where interactive kiosks can really help organisations to deliver a high […]

Can artificial intelligence beat a human hacker?

 “Please type the words you see in the image.” At some point, we have all completed a captcha to prove we are human when online. So, when a robot successfully completed the test, we were left asking, are our computers secure? Here Jonathan Wilkins, marketing director at obsolete parts supplier EU Automation, explains how machine […]

A third of companies would rather pay a hacker’s ransom, research reveals

The Risk:Value Report 2019, by NTT Security, examined the attitudes of more than 2,200 non-IT decision makers to risk and value of cybersecurity to the business across 20 countries. The findings revealed cybersecurity threats are at the top of the agenda for business leaders, with cyber attacks (43%) on the top, followed by data loss […]

AI solutions company raises $12.6 million 

Text IQ, a leading provider of AI solutions has announced that it raised $12.6 million in Series A funding led by FirstMark Capital with Sierra Ventures.  The funding will be used in helping the company accelerate its expansion into enterprise compliance and privacy, as well as help support the expansion of sales and marketing, and […]

UK consumers value security over convenience

A recent study has found that more UK consumers are valuing their security over convenience when making online purchases. The report shows that over half of all respondents (55%) chose security, while 43 per cent selected convenience. The research has been conducted prior to the release of the next stage of PSD2 coming into effect […]