Despite rapidly growing support from the U.S. financial community for stablecoin cryptocurrency, a new report from the Federal Reserve Bank raises questions about the potential risks of instituting a central bank digital currency (CBDC).
Researchers have discovered ongoing cyberattacks on enterprises running virtual networks through VMWare‘s vSphere container-based environment, which they have injected with the XMRig commercial cryptominer.
In a report earlier this month, Blockchain security firm CertiK noted that the most common vein of security problems in its 1,737 audits of decentralized finance (DeFi) projects last year was centralization itself.
Many of the cyber professionals who submitted predictions for the upcoming year seem to think that the threat posed by groups infiltrating organizations’ systems and encrypting their data for a handsome ransom will continue to be one of the top threats in 2022.
Demand among consumers for more widespread recognition (and acceptance) of cryptocurrency as a legitimate means of online transactions is driving a shift among more financial services companies — many of which recognize the need for threat modeling specific to cryptocurrency-based systems, and for regulators to catch up.
Cryptocurrency trading platform BitMart confirmed Dec. 4 that cyber-thieves had made off with $150 million; and hackers stole $120 million from the BadgerDAO crypto network, another DeFi platform, on Dec. 1.