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BankInfosSecurity.com reported that “Anonymous “press release” announcing the Epik data breach…More than 15 million email addresses and accompanying personal details have been leaked online under the banner of Anonymous.”  The September 20, 2021 report entitled “Web Hoster Epik’s Breach Exposes 15 Million Email Addresses” included these comments: All of the leaked information allegedly comes from Epik, a Bellevue, Washington-based domain name registrar and web hosting service that was targeted by the Anonymous hacktivist…
CNBC reported that “In OpenSea’s written statement, it called the incident “incredibly disappointing” and said that it is “conducting an immediate and thorough review.”  The September 15, 2021 report entitled “There was insider trading on NFT platform OpenSea, the $1.5 billion start-up admits” included the OpenSea wrote in a blog post Wednesday: Yesterday we learned that one of our employees purchased items that they knew were set to display on our front page before…
The Department of Commerce issued a press release about the creation of the National Artificial Intelligence Advisory Committee (NAIAC) which “will consist of expert leaders from a broad and interdisciplinary range of AI-relevant disciplines from across academia, industry, non-profits and civil society, and federal laboratories. These experts will be qualified to provide advice and information on science and technology research, development, ethics, standards, education, fairness, civil rights implications, technology transfer, commercial application, security, and economic…
The Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy (OIEA) and Division of Enforcement’s Retail Strategy Task Force (RSTF) issued an investor alert to “remind investors to watch out for investment schemes involving digital assets and “Crypto.” Fraudsters continue to exploit the rising popularity of digital assets to lure retail investors into scams, often leading to devastating losses.”  The September 1, 2021 Investor Alert was entitled “Digital Asset and “Crypto” Investment
The Securities and Exchange Commission (SEC) issued a news release that “it had filed an action against BitConnect, an online crypto lending platform, its founder Satish Kumbhani, and its top U.S. promoter and his affiliated company, alleging that they defrauded retail investors out of $2 billion through a global fraudulent and unregistered offering of investments into a program involving digital assets.”  The September 1, 2021 news release entitled “SEC Charges Global Crypto Lending Platform
The Washington Post reported that “The metaverse is different from today’s virtual reality, where clunky headsets offer siloed experiences and few chances to cross-play with people who own other gadgets. Instead, the metaverse would be a massive communal cyberspace, linking augmented reality and virtual reality together, enabling avatars to hop seamlessly from one activity to the next.”  The August 30, 2021 article entitled “Big Tech wants to build the ‘metaverse.’ What on Earth…
BankInfoSecurity.com reported that “A hacker stole $97 million in cryptoassets from the Japan-based cryptocurrency exchange Liquid, which announced the breach via Twitter late Wednesday and halted deposits and withdrawals.”  The August 19, 2021 report entitled “Hacker Steals $97 Million From Crypto Exchange ‘Liquid’” included these comments from Liquid that “the hacker transferred funds to the following addresses, among others:” •Bitcoin: 1Fx1bhbCwp5LU2gHxfRNiSHi1QSHwZLf7q; •Ethereum/Energy Web Token: 0x5578840aae68682a9779623fa9e8714802b59946; •TRON: TSpcue3bDfZNTP1CutrRrDxRPeEvWhuXbp; •Ripple: rfapBqj7rUkGju7oHTwBwhEyXgwkEM4yby. Then in a “follow-up…
The Department of Justice reported that Larry Dean Harmon (38, of Akron, Ohio) “agreed to the forfeiture of more than 4,400 bitcoin, valued at more than $200 million at today’s prices, and other seized properties that were involved in the money laundering conspiracy. Harmon will be sentenced at a date to be determined and faces a maximum penalty of 20 years in prison, a fine of $500,000 or twice the value of the property involved…
BankInfoSecurity.com reported “that financial institutions “will have limited information on an event” within 24 hours. They add that the details of cyber intrusions involving nation-states or advanced persistent threat groups cannot be adequately gathered within 24 hours, given the need for assistance from federal agencies.”  The August 17, 2021 report entitled “Banking Groups Object to Breach Notification Bill Provisions” included these comments: The American Bankers Association, Bank Policy Institute and Consumer Bankers Association…
Law360.com reported that “the cyber insurance industry is adapting to the evolving cyber risks to businesses.”  The August 13, 2021 article entitled “Ransomware Scourge Isn’t Scaring Away Cyber Insurers” included these comments: Ransomware payments for cyberattacks have raised concerns for cyber insurers, but experts say those worries haven’t led to a mass exodus in the cyber insurance market, just a hardening. The cyber insurance market’s reaction to headline-making attacks has been one of…