Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Anyone can get scammed. If you think you're somehow immune to being scammed, then, in my opinion, you're a prime target for being scammed. No one is too big, too clever, too security-savvy to avoid being duped because it's only human to make a mistake and screw up. And that certainly seems to be the case with Bill Lou.

Researchers at Scam Sniffers have found that phishing attacks stole nearly $295 million worth of cryptocurrency from 324,000 victims in 2023, CryptoSlate reports. The cryptocurrency is stolen by malware delivered via phishing sites. “Wallet Drainers, a type of malware related to cryptocurrency, has achieved significant success over the past year,” the researchers write.

The blockchain has emerged as a revolutionary technology with the potential to redefine how data is managed, stored, and shared. While initially associated with cryptocurrencies like Bitcoin, the blockchain’s applications extend far beyond finance, impacting industries ranging from healthcare to supply chain management. One of the blockchain’s key promises lies in ensuring data consistency, transparency, and privacy, critical elements in an interconnected and data-driven world.

The explosive growth of cryptocurrencies was nothing short of extraordinary. Even the most doubtful among us couldn’t help but put a few dollars in to see what would happen. The phenomenon gave rise to many cryptocurrency management platforms, and PayPal put its hat in the ring as well. Unlike apps made for the explicit purpose of handling crypto, PayPal was an established platform with roughly 350 million users.

Fireblocks’ second annual user conference, SPARK ‘23, saw nearly 600 attendees representing over 300 companies in the digital asset and crypto space. Kicking off the conference was the welcome reception, which featured a spectacular drone show. The display set the tone for what SPARK is about – innovation and community. The conference empowers customers to maximize the full potential of the Fireblocks platform while forging new alliances with fellow leaders.