The FBI and the Department of Homeland Security recently released a report on an ongoing hacking campaign targeting nuclear power plants and other critical infrastructure, raising suspicions on cyber-espionage by other governments. The report revealed that the campaign is a sophisticated, multi-stage project being conducted by state-backed hackers which start by...

Earlier this week, cybersecurity company Kaspersky agreed to have the source code of their products audited by a third party. According to the company, the move is part of their plan called the Global Transparency Initiative. In order to dispel accusations that their software is being used for spying, particularly by...

Executive VP of Mastercard Labs Ken Moore recently shared that the company will be launching its own blockchain network for the faster and more secure processing of cross-border payments with partner banks and merchants. Mastercard adds that their private, permissions-based blockchain network will be used for clearing credit card transactions, as...

Speaking last Sunday at the International Association of Chiefs of Police conference in Philadelphia, FBI Director Christopher Wray expressed his dismay regarding encryption, calling it a “huge, huge problem” that gets in the way of the agency’s investigations. Referring to the standard encryption used by phones when locked, Wray further revealed...

For banks and other financial institutions, adherence to regulatory guidelines and a natural aversion to unwarranted operational risks call for greater prudence. While this distinct brand of conservatism is apparent in the way financial institutions invest their depositors’ money, be it in the credit market or real estate, prudence is...

It was announced last Friday that US Paypal users can now send and receive person-to-person payments on Facebook Messenger. The plan, which was jointly announced around a year ago by both companies, now allows US customers to shop from Messenger chatbots, and pay via Paypal. Facebook users can now also...