The Bank of England last Tuesday warned banks and insurers against crypto assets, calling them volatile and highly susceptible to fraud. BoE deputy director Sam Woods, who is responsible for financial supervision, also said in a letter that crypto-assets raise concerns on misconduct and market integrity since many appear to be...

Huawei’s rotating chairman Eric Xu hit back at several US lawmakers who called the company’s contribution to the research funding of over 50 American universities a “significant threat” to national security. Xu scathingly remarked that US congressmen Marco Rubio and Jim Banks had been “ill-informed” and are being “closed-minded”. The congressmen...

Researchers from Farsight Security recently warned that cyber criminals are abusing multilingual character sets to create fake versions of banks, brands, and similar popular websites. The scammers were reportedly able to create lookalike scam sites of Lego and Haribo using non-English characters in the domain names, with the difference is...

Facebook said last Tuesday that it will be allowing certain cryptocurrency-related content from pre-approved advertisers, but will continue to ban those linked to initial coin offerings and binary options. The social network in January placed a ban on all ads tied to cryptocurrencies, financial products and services often associated with deceptive...

Twitter announced last Tuesday that it will now be supporting universal two-factor (U2F) devices which are used as physical security keys for login verification. The small keyring-sized devices boosts Twitter’s security since it is still possible for SMS verification codes to get intercepted. The associated key will also provide protection against...