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Digital Transformation Driving Increased Cybersecurity Costs

Security Boulevard

Nearly half (49%) of cybersecurity professionals citied digital business transformation issues as the top factor driving an increase in cybersecurity costs, according to a survey conducted by Dimensional Research on behalf of Deepwatch, a provider of managed detection and response services.

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Digital Transformation starts with the Employees

Thales Cloud Protection & Licensing

As in previous years, digital transformation remained a key theme at the event as well as discussions around artificial intelligence (AI) and IoT technologies impacting the workforce. No matter which opinion you agree with, digital transformation and new technologies will impact the workforce.

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Why SMS two-factor authentication codes aren't safe and what to use instead

Zero Day

New reports from both Bloomberg and collaborative investigative newsroom Lighthouse Reports shed light on how and why text-based codes can put people at risk. Also in the mix were several European banks, apps such as Tinder and Snapshot, the Binance cryptocurrency exchange, and even encrypted chat apps like Signal and WhatsApp.

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Ukraine police and Binance dismantled a cyber gang behind $42M money laundering

Security Affairs

Ukrainian authorities arrested the members of a cybercrime gang who ran 20 cryptocurrency exchanges involved in money laundering. Police in Ukraine announced the arrest of the members of a cybercrime gang composed of three individuals who ran 20 cryptocurrency exchanges used in money laundering activities.

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MY TAKE: Why companies had better start taking the security pitfalls of API proliferation seriously

The Last Watchdog

APIs are putting business networks at an acute, unprecedented level of risk – a dynamic that has yet to be fully acknowledged by businesses. That said, APIs are certain to get a lot more attention by security teams — and board members concerned about cyber risk mitigation — in 2022. based supplier of networking technology.

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Pig Butchering at Heart of Bank Failure — CEO Gets 24 Years in Jail

Security Boulevard

Oink, oink, FAIL—you’re in jail: Kansas bank chief exec Shan Hanes stole money from investors, a church and others to buy cryptocurrency to feed a scam. The post Pig Butchering at Heart of Bank Failure — CEO Gets 24 Years in Jail appeared first on Security Boulevard.

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The Financial Dynamics Behind Ransomware Attacks

Security Affairs

The Digital Currency of Crime Cryptocurrencies play a central role in ransomware economics by offering anonymity and privacy that traditional payment methods cannot match. Bad actors usually demand payment in cryptocurrencies such as Bitcoin or Monero, which are difficult to trace and keep their identities anonymous.