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ALL From Cybersecurity

WinRAR Zero-Day Vulnerability Allowed Hackers to Breach Crypto and Stock Trading Accounts

Developers of the file compression software WinRAR have fixed a zero-day vulnerability that was being exploited by hackers to install malware on unsuspecting victims' computers. The vulnerability allowed hackers to breach online crypto and stock trading accounts. The exploit was used for approximately four months, during which time malicious RAR and ZIP archives were distributed on trading forums, infecting at least 130 devices.

Kraken's Chief Legal Officer Reveals the Stringent Process for Listing Crypto Assets on the Exchange

Kraken's chief legal officer, Marco Santori, has revealed that the exchange carries out a thorough compliance, cybersecurity, and legal review process before listing any crypto assets for trading. Santori explained that Kraken selects only a few tokens from thousands of options based on the business case and user interest. The chosen assets then undergo a compliance review for sanctions laws and politically exposed persons, a cybersecurity check, and a legal review to ensure they are not securities.

Cybersecurity Firm Cybernetics Launches Cryptocurrency Recovery Service

Cybernetics, a leading cybersecurity and data recovery company, has revolutionized the cryptocurrency industry with its innovative restoration services. They have set new industry standards by providing comprehensive cryptocurrency restoration services, including recovering stolen crypto. With state-of-the-art technology and a skilled team, Cybernetics has achieved an unmatched success rate in recovering lost or unavailable cryptocurrencies. 

Russian Central Bank's Digital Ruble to Launch for Public Use in 2025-2027

The Russian Central Bank's digital currency project is progressing quickly, with a regulatory bill passing through its final reading in the parliament's lower chamber. However, the general public will not have access to the digital ruble until 2025-2027, according to CBR First Deputy Governor Olga Skorobogatova.

AI Testing for Smart Contract Security in Blockchain Industry

The blockchain industry is experimenting with using artificial intelligence (AI) for smart contract security. While AI-based blockchain audits have potential, they lack qualities such as intuition, nuanced judgment, and subject expertise. OpenZeppelin conducted experiments using OpenAI's GPT-4 model to identify vulnerabilities in Solidity smart contracts, with mixed results. Collaboration between human security professionals and constantly improving AI tools will likely be the future of smart contract security. The combined efforts of AI and blockchain have many positive solutions beyond cybersecurity, including Mariko Wakabayashi's AI system that has detected over $300 million in blockchain hacks in real-time.

Olympix Raises $4.3 Million Seed Round to Develop Cybersecurity Software for Crypto Industry

Olympix, a New York-based startup focused on cybersecurity for the crypto industry, has raised $4.3 million in a seed round led by Boldstart Ventures. The company's first product helps developers identify vulnerabilities in their code.

Louisiana Law To Criminalize Deepfakes Depicting Child Sexual Abuse

A new Louisiana law set to go into effect on August 1 will criminalize the production and possession of deepfakes depicting the sexual abuse of children.

McAfee Cybersecurity Report: AI Commits Scams by Cloning Children’s Voices and Making Fake Calls

That's according to a new report from McAfee's Artificial Intelligence for Cybersecurity. Artificial intelligence is accelerating a multibillion-dollar global criminal scheme - "imposter scams". Using AI technology, scammers can clone the voices of relatives, friends, and even children, and call victims with fake emergencies. Last year, such imposter scams cost $2.6 billion. To guard against this type of scam, McAfee recommends setting a password with children, family members, or trusted friends that only they know, and establishing a set of rules to ensure that it is always asked for when calling for help.

Tech Industry Continues to Thrive Despite Layoffs and Skill Gaps, Offering High-Paying Jobs in Emerging Sectors such as Cloud, Blockchain, and Cybersecurity

Despite recent layoffs in the tech industry, there are still job opportunities available in emerging sectors like cloud technology, blockchain, and cybersecurity. However, there is a shortage of skilled tech professionals, with 43% of organizations currently facing skill gaps and a projected 85 million-person shortage by 2030.

Vietnam Cybercrime Unit Investigating Pi Network

Vietnam's Department of Cybersecurity and High-Tech Crime Prevention is investigating the Pi Network and its cryptocurrency due to concerns about its complexity and lack of transparency. The network has gained popularity in Vietnam and India as it allows users to mine tokens on their mobile phones without expensive hardware costs.