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Blockchain

Cyberattacks Targeting NFT Marketplaces and Cryptographic Aficionados

Everything technology touches gets a digital makeover and the creative space wouldn’t be the exception. Non-fungible tokens (NFTs) are virtual assets that represent objects influenced by art, music, games, and videos. You can only buy them online, likely with cryptocurrency. NFTs are generally encoded with the same underlying software as many cryptos. In fact, they are part of the Ethereum blockchain, a cryptocurrency, like bitcoin or dogecoin.

The Cybersecurity Dangers of Cryptocurrency

Cryptocurrency, the next generation of money. Adored by luminaries from Elon Musk to Snoop Dogg. Now the official currency of El Salvador, and a funding source for Ukrainian resistance to the Russian invasion. But is crypto really all that it seems? Cryptocurrency has tremendous potential to address a host of the world’s financial issues: from limited access to financial resources, to ineffective and costly payment and transfer services.

What Is Cryptojacking and How Can You Defend Against It?

It should come as no surprise that as cryptocurrencies become more popular and edge towards the mainstream, the mining of these digital currencies—which uses computing power to solve complex math problem— has given rise to a new form of cyber attack: cryptojacking. Cryptojacking may sound like a way to steal someone's cryptocurrency assets, but it's a less obvious form of theft.

The Karakurt Web: Threat Intel and Blockchain Analysis Reveals Extension of Conti Business Model

Tetra Defense, an Arctic Wolf® company, partnered with Chainalysis to analyze the link between the Karakurt cyber extortion group to both Conti and Diavol ransomware through Tetra’s digital forensics and Chainalysis’ blockchain analytics. As recent leaks have revealed, Conti and Trickbot are complicated operations with sophisticated structures. But, our findings indicate that web is even wider than originally thought, to include additional exfiltration-only operations.

How B2B blockchain can make a difference to the pharmaceutical supply chain

With an ever-increasing counterfeit medicine market and growing financial fraud, as well as cases of medication simply being labelled incorrectly or untraceable, the pharmaceutical supply chain has become an issue for everyone from the boardroom to the home. According to Deloitte, in the US alone, more than $200bn is lost each year because of counterfeit drugs infiltrating insecure supply chains.

What role does blockchain play in cyberattacks and cybersecurity?

Most company decision-making executives know how blockchain technology works but few have adopted it within their organization at this stage. This is the conclusion drawn by the latest Pulse survey conducted on 145 senior IT managers from companies on three continents. It shows that only 8% have experienced this technology, compared to 53% who know how it works but are yet to use it.

Environmentally friendly blockchain

Organisations increasingly seek to add more trust and transparency into their sustainability policies for all stakeholders – from employees and shareholders to regulators, the media and consumers. Blockchain is emerging as a key technology that can help companies focus on reducing carbon footprints, ESG disclosures, and sustainability tracking by giving improved visibility into all tiers of the supply chain.

B2B blockchain in the automotive supply chain

Blockchain technology has come a long way since it was unleashed upon the world more than 10 years ago. Initially proposed as the backbone of a new type of electronic cash system called cryptocurrency and most associated with the rise of Bitcoin, blockchain has evolved into something far more. Today, it is viewed as one of the cornerstones of the future digital economy, with the potential to disrupt a multitude of business sectors including the automotive industry.