Tag "crime"

Illicit Crypto Transaction Activity Reaches All-Time High Driven by DeFi Frenzy

Last year, the red hot decentralized finance (DeFi) sector was a prime target for cyber criminals whom managed to siphon billions of dollars worth of cryptocurrencies from investors, new data from blockchain data platform Chainalysis show. Criminal crypto transactions reached

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Security a Bigger Concern for Online Shoppers Than User Experience

The COVID-19 pandemic has forced both consumers and merchants to embrace online channels and digital payments at an accelerated pace, a shift that presented new sets of challenges, including rising fraud and security risks. Separate surveys conducted by payment network

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10 Largest Crypto Hacks, Heists and Exploits of the Past 15 Months

Cryptocurrency-related hacks and scams continue to cost businesses and consumers billions in losses each year. Although overall crypto-related fraud activities have declined since at least 2019, data from blockchain analytics and crypto intelligence firm Ciphertrace suggests that criminals are now

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The Rise of Virtual Banks in Asia is Posing New Cybersecurity, Fraud Risks: Jumio

Across Asia-Pacific (APAC), regulators are opening up their markets to new entrants that promise to transform the traditional banking model. By leveraging digital platforms and cutting-edge technologies, virtual banks aim to offer more affordable and convenient banking services, and reach

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