Cyberattack waves wash over West African banks

It’s crime time again as banks and other financial institutions in several West African countries have been targeted by cyber criminals. According to Symantec, the attacks have been underway since at least mid-2017. To date, organisations in Cameroon, Congo (DR), Ghana, Equatorial Guinea, and Ivory Coast have been affected. (An infographic is below.) The attackers … Read more

This Week in Security News: Security Predictions and Malware Attacks

Home   »   Current News   »   This Week in Security News: Security Predictions and Malware Attacks Welcome to our weekly roundup, where we share what you need to know about the cybersecurity news and events that happened over the past few days. This week, learn about the span of categories for Trend Micro’s 2019 Security Predictions. … Read more

Russia Is Considering a Shift to Bitcoin to Limit the Impact of U.S. Sanctions, Report Says

Russia is reportedly planning to replace the U.S. dollar with Bitcoin as its reserve currency in a bid to limit the impact of US sanctions imposed on the country. Last week, the cryptocurrency news site Micky quoted a Russian economist with ties to the Russian government as saying that U.S. sanctions on the country are … Read more

Despite Bear Market, Crypto Mining Malware Tops Threat Index for 13th Month Running

Three strains of crypto mining malware have topped the latest Global Threat Index from Israeli cybersecurity firm Check Point. Three strains of crypto mining malware have topped the latest Global Threat Index from Israeli cybersecurity firm Check Point, according to a press release published on Jan. 14. Check Point Software Technologies Ltd. is a security … Read more

Venezuela Calls US Sanctions Against Its Petro Cryptocurrency ‘Discriminatory’

Venezuela is pushing back against U.S. sanctions before the World Trade Organization, including ones imposed against its controversial cryptocurrency efforts. The complaint, filed late last month and published this week, addresses a number of actions taken by the U.S. in recent years, claims that the country is infringing on Venezuela’s rights under the General Agreement … Read more

Ireland Pondering New Anti-Money Laundering Bill Encompassing Cryptocurrencies

In order to align itself with the fifth EU money laundering directive and reinforce existing rules, the Irish Cabinet has passed a new bill targeting money laundering, “including the use of cryptocurrencies in funding terrorism,” according to a release from the Irish Department of Justice. The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2019 … Read more