A 21-year old man named Nicholas Truglia was reportedly able to steal cryptocurrency amounting to $1 million from a San Francisco resident using a technique called “sim swapping” where the hacker dupes wireless carriers to take over a phone number.   Truglia was able to drain $500,000 from each of the victim’s...

Bitcoin’s recent decline had reportedly relieved UK’s financial regulators who were being pressured to take drastic action and issue tough new rules.   At a recent conference, deputy director for financial services at Britain’s finance ministry Gillian Dorner said that they were focused on how 2,000 or more crypto assets slot into...

Italy’s head of cybersecurity Roberto Baldoni revealed this week that hackers were able to get into thousands of Italian certified email accounts which include those of magistrates and security officials.   The attack, which was launched against a server near Rome in November 12, is the worst since January, according to Baldoni.   As...

Last Monday, the National Telecommunications Commission (NTC) officially announced Mislatel Consortium as the new major player (NMP) in the country’s telecom industry   The consortium, composed of Mindanao Islamatic Telephone Company Inc. with Udenna Corporation, Chelsea Logistics Holdings Corp., and China Telecommunications Corp.   It was reported that Mislatel was the only qualified bidder...

The Russian Federation sought this week the dismissal of a lawsuit filed by the Democratic National Committee which accuses the Russian state and its military intelligence of carrying out cyberattacks on DNC servers in 2016.   The DNC also said that Russia had leaked data benefitting Trump’s presidential campaign via WikiLeaks.   However,...