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How Cryptocurrency Turns to Cash in Russian Banks

Krebs on Security

A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. A machine-translated version of Flymoney, one of dozens of cryptocurrency exchanges apparently nested at Cryptomus.

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Signal Adds Cryptocurrency Support

Schneier on Security

According to Wired , Signal is adding support for the cryptocurrency MobileCoin, “a form of digital cash designed to work efficiently on mobile devices while protecting users’ privacy and even their anonymity.” End-to-end encryption is already at risk. ” I think this is an incredibly bad idea.

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Nick Weaver on Regulating Cryptocurrency

Schneier on Security

Nicholas Weaver wrote an excellent paper on the problems of cryptocurrencies and the need to regulate the space—with all existing regulations. As such, the cryptocurrency space has grown over the past decade with very little regulatory oversight. When regulating cryptocurrencies, the best starting point is history.

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Responsible Disclosure for Cryptocurrency Security

Schneier on Security

Stewart Baker discusses why the industry-norm responsible disclosure for software vulnerabilities fails for cryptocurrency software. Why can’t the cryptocurrency industry solve the problem the way the software and hardware industries do, by patching and updating security as flaws are found?

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

Cryptocurrency and non-fungible tokens (NFTs) - what are they and why should you care? With 20% of Americans owning cryptocurrencies, speaking "fluent crypto" in the financial sector ensures you are prepared to discuss growth and risk management strategies when the topic arises.

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Top 5 ways to protect against cryptocurrency scams

Tech Republic Security

As the use of cryptocurrency increases, so does the risk of being a target for scammers. Tom Merritt offers five tips for defending against cryptocurrency scams.

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Threat actors exploit Aviatrix Controller flaw to deploy backdoors and cryptocurrency miners

Security Affairs

A critical vulnerability in Aviatrix Controller is actively exploited to deploy backdoors and cryptocurrency miners in the wild. The Wiz Incident Response team reported that threat actors are exploiting the flaw in attacks in the wild to deploy backdoors and cryptocurrency miners. ” reads the advisory published by Wiz.