Iran in Talks With 8 Countries for Use of Cryptocurrency in Financial Transactions

Economy & Regulation Iran is exploring various options, including holding negotiations with other countries to introduce cryptocurrency in global trade, as the Islamic state moves to sidestep U.S. economic sanctions. Mohammad-Reza Modoudi, the acting head of Iran’s Trade Promotion Organization (TPO), said the country was negotiating the use of cryptocurrency in its financial transactions with … Read more

Iran Could Ban Bitcoin for Payments, Central Bank Report Suggests

The Central Bank of Iran appears set to prohibit “unapproved” cryptocurrencies from being used for payments in the country, a draft report obtained by CoinDesk states. According to a translation of the report entitled “Obligations and Rules Regarding Cryptocurrencies,” “any cryptocurrency wallets will be used only for holding and transferring cryptocurrencies and integrating any kind … Read more

SEC busts EDGAR hackers after second offense

The Securities and Exchange Commission (SEC) has identified and charged nine parties for taking part in a scheme to hack the agency’s EDGAR filing system to extract nonpublic financial information to engage in insider trading. This was not the SEC’s first run-in with some of the defendants. In 2015, the hacker, Ukrainian Oleksandr Ieremenko, and … Read more

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