Around 2000 public and private sector experts joined forces this week at a virtual conference designed to promote information sharing in the cryptocurrency and anti-money laundering space. Participants logged on to the 5th Global Conference on Criminal Finances and Cryptocurrencies, organized by the Basel Institute on Governance, Interpol and Europol. They met to share expertise on current trends, strategies and tactics to tackle crimes involving virtual assets — such as money laundering, cryptocurrency fraud and…

A Russian man has been sentenced to just 24 months behind bars for his part in helping to hide the infamous Kelihos malware from global security teams. Oleg Koshkin, 41, was convicted by a federal jury on June 15 of one count of conspiracy to commit computer fraud and abuse, and one count of computer fraud and abuse. He’s said to have operated several crypting websites including “crypt4u.com” and “fud.bz.” Crypting services are used by…

Global businesses have become more risk aware as they deploy IoT projects, but over three-quarters (77%) admitted that these systems could be more secure, according to Inmarsat. The satellite communications company polled 450 individuals responsible for delivering IoT in their respective organizations around the world, to compile its report, Industrial IoT in the Time of COVID-19. The most commonly cited security challenges were an external cyber-attack on IoT systems (50%), poor network security (49%), insecure…

The Australian government is looking to pass the Security Legislation Amendment (Critical Infrastructure) Bill 2020, an overhaul which is aimed to help Australian businesses fend off cyberattacks. The Bill expands the business sectors that were previously defined as critical infrastructure by adding, amongst others, Food and Grocery, Finance and Banking, Universities, Communications, Defense, Energy, and Transportation to the list. It would also impose strict 12-hour reporting requirements for cyberattacks as well as allow the Australian…

App modernization brings undeniable benefits such as reduced costs, improved productivity, increased business agility, and enhanced security. Staying competitive and delivering value to your customers requires a trusted foundation to accelerate innovation, and it’s likely that your application future may consist of cloud-based, containerized, microservice-based applications created to run with DevOps processes.  While your organization may have a well-defined vision, the path to achieve it can be unclear. The most common approach is to attempt to shift into that future state in “one fell swoop” — swapping out the entire infrastructure stack all in one go instead of evolving current teams and processes. With this approach, there are huge technical,…