A Lithuanian scammer was able to trick two US tech companies into wiring him tens of millions of dollars.
A report by UK daily The Guardian suggests that at least US$20bn and possibly quadruple that figure was moved out of Russia over four years to 2014.
The two partners said they will deliver a blockchain-based digital identity network for consumers to strengthen privacy and security for consumers.
The telecom giant was found guilty by the US Justice Department of breaking sanctions imposed on Iran by shipping US-made equipment to the country.
The Swiss engineering group said that poor management oversight was to blame for a “sophisticated criminal scheme” at is South Korean unit.
New York State has imposed new rules requiring banks and insurers to follow certain cybersecurity standards.
Amendments to the European Union’s AML rules would place virtual currencies under similar obligations to those of other payment institutions.
The Swiss group’s revelation of a US$100m loss at its South Korean subsidiary could be just one example of “a ticking time bomb”, claims Bottomline Technologies.
A study of consumers across 20 countries found only three where more than half those surveyed trusted merchants’ ability to protect their data.
Internet-connected home devices are increasingly at risk from hackers and criminals, who can use them to launch distributed denial of service (DDoS) attacks that take websites and services offline.