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On the Dangers of Cryptocurrencies and the Uselessness of Blockchain

Schneier on Security

Earlier this month, I and others wrote a letter to Congress, basically saying that cryptocurrencies are an complete and total disaster, and urging them to regulate the space. Green writes: “I have no problem with the idea of legislators (intelligently) passing laws to regulate cryptocurrency. ” I have yet to see one.

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Cryptocurrency and Blockchain security due diligence: A guide to hedge risk

Cisco Security

Blockchain technology has experienced remarkable adoption in recent years, driven by its use across a broad spectrum of institutions, governments, retail investors, and users. However, this surge in… Read more on Cisco Blogs Blockchain adoption and crypto investments are peaking, along with scams.

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Decoding Security 124: Cryptocurrency 101

SiteLock

Many consider cryptocurrency to be the future of money since it eliminates disclosing personal financial information when purchasing goods and services online. Security Analysts Jessica Ortega and Ramuel Gall highlight information you need to know about cryptocurrency and cryptojacking as you listen in this week. Be sure to tune in!

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Why retailers must adopt a Zero Trust approach during this holiday season

CyberSecurity Insiders

Competition has never been fiercer for online retailers, which means it’s not just quality products and customer service that companies must focus on. While retailers still need to focus on protecting employees and the systems and databases they utilize, there must also be a renewed focus on protecting customer data.

Retail 111
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Fake Walmart press release causes cryptocurrency price surge

Graham Cluley

The cryptocurrency Litecoin soared in value earlier this week upon the news that supermarket giant Walmart would accept it as a form of payment at its retail stores across America. The only problem was. it simply wasn't true. Read more in my article on the Hot for Security blog.

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Arrests in $400M SIM-Swap Tied to Heist at FTX?

Krebs on Security

government did not name the victim organization, but there is every indication that the money was stolen from the now-defunct cryptocurrency exchange FTX , which had just filed for bankruptcy on that same day. A graphic illustrating the flow of more than $400 million in cryptocurrencies stolen from FTX on Nov. 11-12, 2022.

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Norton 360 Now Comes With a Cryptominer

Krebs on Security

Norton 360 , one of the most popular antivirus products on the market today, has installed a cryptocurrency mining program on its customers’ computers. According to the FAQ posted on its site , “ Norton Crypto ” will mine Ethereum (ETH) cryptocurrency while the customer’s computer is idle.