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Tag: cybersecurity

Pandemic forcing nations to develop newer frameworks for cybersecurity

Worldwide, nations have been forced to introduce legal frameworks and regulations to ensure cyber sovereignty for themselves and data security and privacy for their netizens, after the pandemic-triggered a data deluge on the Internet which dramatically increased vulnerabilities to cyberattacks, said legal luminaries and cyber experts who spoke online at an international conference on Cyberlaw, Cybercrime and Cybersecurity that concluded on Friday.Technology should find a way to accurately identify actors who violate the norms of the Internet and infringe upon personal data privacy and…

Bitcoin Cannot be Regulated Because it is a Software and There is no Legal Entity Behind it

Decentralized finance (DeFi) protocols operating on Binance have been hacked in recent months. The Bank of International Settlements is forming a committee to analyze crypto-assets exposure to the banks. DeFi protocols will take over the traditional financial markets and is going to be exciting, and cybersecurity will be one of the major aspects of success. Regulating DeFi is a tough job, but regulators are coming after DeFi, says CEO and Co-founder of Reef Chain CEO Denko Mancheski.Ishan PandeyCrypto Veteran. Tokenization, DeFi and Security Tokens – Blockchain.Ishan Pandey: Hi Denko,…

Artificial Intelligence in Cybersecurity – The Way towards Smarter Security

Solutions in the global artificial intelligence in cybersecurity market use their abilities to enhance the security of a network over the time. AI employs machine learning and deep learning in order to evaluate and alter the business network’s performance after a period of time. Rising risk of cyberattacks has propelled the demand in the global artificial intelligence in cybersecurity market over the last few years. Various businesses in the world are expanding their AI cybersecurity budgets exponentially. This trend is expected to bolster the development in global artificial…

4 key threats to the new central bank digital currencies

Central bank digital currencies (CBDC) are increasing in uptake.
They could improve financial access and payment efficiency.
To ensure trust in CBDC, central banks must ensure their cybersecurity.

With G7 officials recently endorsing principles for central bank digital currencies (CBDC), and over 80 countries launching some form of initiative related to CBDC, it seems their widespread deployment is a matter of time. CBDC is a digital form of central bank money that can be accessible to the general public; essentially, it consists of individuals and firms…

Emerging sectors for skill development in India: Cybersecurity & data science

The driving force for a nation’s inclusive growth is skill development that spans all sectors of the economy. According to the Pre-Budget Economic Survey 2013-14, India’s working-age population is expected to rise to 64% by 2021, with young individuals in the 20-35 age group. This means that India’s burgeoning young workforce can benefit the country if they are nurtured and prepared with the requisite skill sets.
The job market in India is experiencing a tectonic shift. The future of work in India: Inclusion, Growth & Transformation Report by the Observer Research…

Policymakers want to regulate AI but lack consensus on how

Commentary: AI is considered “world changing” by policymakers, but it’s unclear how to ensure positive outcomes.

Image: iStock/metamorworks
According to a new Clifford Chance survey of 1,000 tech policy experts across the United States, U.K., Germany and France, policymakers are concerned about the impact of artificial intelligence, but perhaps not nearly enough. Though policymakers rightly worry about cybersecurity, it’s perhaps too easy…

BNPL Pay to launch uncollateralized lending this November

Linking traditional TradeFi borrowers with DeFi lendersUncollateralized lendingIndustry-leading sustainable yieldsMainnet live in NovemberAudited by Hacken CyberSecurity ServicesImmuneFi White Hat Bounties launching soonThe BNPL Pay Protocol will help real-world borrowers secure loans from the blockchain with its innovative network of decentralized banking nodesUncollateralized credit markets are valued in the trillions. Now, real-world borrowers have easy access to the abundance of capital in the decentralized finance (DeFi) space.A recently launched project, BNPL Pay, is enabling this…

The Next Level in Crypto Biometric Authentication


As crypto adoption continues to expand globally, user security in terms of authentication is definitely one of the big challenges to the crypto environment.The need for a solution like Avarta, a multichain wallet, with biometrics security, Trust Score records, and cybersecurity platform for the ever growing DeFi, is absolutely necessary.Avarta’s most distinguishable feature is its unique manner of addressing the many security flaws in authentication within blockchain platforms. Avarta came up with a groundbreaking solution to address the user id challenge in the crypto finance universe…

Top 10 Applications of Machine Learning (ML) in Cybersecurity

Machine learning can help cyber experts in rectifying threats easily

Copyright by www.analyticsinsight.net

Cybersecurity is the most vital part of any company. It helps make sure that their data is safe and secure. With an increasing demand for artificial intelligence and machine learning these technologies are also transforming the cybersecurity space. Machine learning has many applications in Cybersecurity such as identifying cyber threats, combating cybercrime, and improving available antivirus software using AI capabilities. So, let’s see what are the applications of machine…

What Machine Learning Can Do for Security

Machine learning can be applied in various ways in security, for instance, in malware analysis, to make predictions, and for clustering security events. It can also be used to detect previously unknown attacks with no established signature.

Wendy Edwards, a software developer interested in the intersection of cybersecurity and data science, spoke about applying machine learning to security at The Diana Initiative 2021.

Artificial Intelligence (AI) can be applied to detect anomalies by finding unusual patterns. But unusual doesn’t necessarily mean malicious, as Edwards…

Blockchain used to improve security of road tolls – Ledger Insights

Spanish consulting firm Indra has incorporated blockchain into its Mova Collect payment system for road tolls. The objective is to reduce fraud and enhance cybersecurity. Indra is working with infrastructure firm ROADIS to deploy a pilot solution on a Mexican highway.

Road toll systems are subject to an array of frauds, ranging from the use of counterfeit fuel and credit cards for payment to concessionaires pocketing some of the takings without recording them and toll systems getting hacked. Both of those frauds impact the road owner. Another scam that affects road users is…

4 Benefits of Using AI in Cybersecurity

4 Benefits of Using AI in Cybersecurity: Cybersecurity best practices are greatly aided by using Artificial Intelligence (AI) and Machine Learning (ML) technology, as shown by this sector’s growth. According to one study, the market for artificial intelligence in cybersecurity is expected to reach $46.3 billion by 2027.
Copyright by www.cioinsight.com
AI drastically improves a business’s cybersecurity posture by applying the technology to help identify, isolate, or remediate potential cyber threats from penetrating a business’s network.
Read more:AI vs Machine Learning: What Are…

$55M Stolen As DeFi Protocol bZx Is Compromised Again – bZx Protocol – United States Dollar ($BZRX)

Multi blockchain-based decentralized finance (DeFi) protocol bZx (CRYPTO: BZRX) has been compromised with significant funds siphoned out of its lending ecosystem.
What Happened: The private key held by the bZx development team was compromised resulting in $55 million of cryptocurrencies being stolen, according to a Friday tweet by blockchain cybersecurity firm SlowMist. The project’s team told Decrypt the estimate of “$55m hasn’t been verified internally.”
See Also: HOW TO INVEST IN DEFI
The bZx team said 25% of the stolen funds are personal losses from the team…

Nigeria to consider upcoming CBDC as ‘critical national infrastructure’

Nigeria will classify its upcoming central bank digital currency as “critical national infrastructure,” a new report has revealed. This, the country’s central bank believes, will allow for better protection from operational and cybersecurity risks.
Nigeria began exploring and researching the CBDC, which it has dubbed the e-Naira, five years ago under Project GIANT. As CoinGeek reported, the Central Bank of Nigeria is eyeing an October launch for the Hyperledger Fabric-based digital currency.
Now, a report by a local newspaper has revealed more details about the closely guarded…

Nigeria to consider upcoming CBDC as ‘critical national infrastructure’

BOTS, Inc. Opens President Trump Coin $Pres to Ownership on the Binance Smart Chain and Trading on the Popular Decentralized Exchange, Pancakeswap

San Juan, Puerto Rico, Oct. 25, 2021 (GLOBE NEWSWIRE) — via NewMediaWire – BOTS, Inc. (OTC: BTZI), (“BOTS” or “The Company”), a global technology conglomerate specialized in Blockchain-based solutions including decentralized finance applications, cybersecurity, crypto generation, mining, equipment repair, and warranties announced today that the Company invites all holders of $PRES – the world’s first commemorative presidential coin minted on a blockchain – to swap out their Omni…

5 Cybersecurity Best Practices Companies Should Follow

October is Cybersecurity Awareness Month! All month long, we’ll be exploring cybersecurity-related topics to help you (and your data) stay safe online. Click to learn more about author Troy Gill. Cybersecurity Awareness Month is an important reminder for individuals and companies to reflect on their security best practices and ensure they are building the safest […]
The post 5 Cybersecurity Best Practices Companies Should Follow appeared first on DATAVERSITY.

Are VPNs Safe? It’s Complicated

Like clockwork, it seems as though every time you check the news you see a story about a major hack of an organization’s VPN. Colonial Pipeline, a major supplier of oil, is a perfect example, demonstrating just how fragile a VPN can be when the company was hacked via its…

Why enterprises are massively subcontracting cybersecurity work

NewtonX market research revealed this week that 56% of organizations surveyed subcontract as much as 25% of their cybersecurity work. In the study, more than 100 chief information security officers, CTOs, and other senior decision-makers indicated a trend toward subcontracting one of the most critical roles continually facing enterprise professionals.
“[Chief information security officers] and CIOs/CTOs are finding it extremely difficult to hire and retain qualified cybersecurity…

Cyber Resilience Means More Than Just High Availability or Disaster Recovery Alone

October is Cybersecurity Awareness Month! All month long, we’ll be exploring cybersecurity-related topics to help you (and your data) stay safe online.

Click to learn more about author Don Boxley.

What creates true cyber resilience? In database circles, the two factors that help lead to it – disaster recovery (DR) and high availability (HA) – are frequently misunderstood. While sometimes considered to be the same thing, they play different but complementary roles. DR…

Create A Stronger Cyber Workforce with AI

Recent estimates by leading industry analysts show that the cybersecurity workforce gap is approximately 850,000 in the United States and over 3 million globally.123 To close this gap in the United States, the Cybersecurity Infrastructure Security Agency (CISA) and the Department of Energy (DOE) have instituted programs to train and bolster the cybersecurity workforce. Private sector cybersecurity training and certification companies are instituting skills and…

Cloud Data Security for Today’s Remote Work Environment

October is Cybersecurity Awareness Month! All month long, we’ll be exploring cybersecurity-related topics to help you (and your data) stay safe online.

Click to learn more about author Matt Shealy.

As organizations continue to adopt remote work, more opportunities are created for both companies and employees. However, the shift to remote work also creates additional challenges for IT teams. By allowing more people access to your networks from a distributed workforce, you are…

https://www.dataversity.net/cloud-data-security-for-todays-remote-work-environment/

The Hidden Costs of Cyberattacks

October is Cybersecurity Awareness Month! All month long, we’ll be exploring cybersecurity-related topics to help you stay safe online.

Click to learn more about author Mike Phelan.

A new day, a new cyberattack. That’s the reality of contemporary business. Check the headlines and you’re bound to find coverage of breaches and demands for ransom. Losses aren’t limited by industry or sector. The FBI recently warned the food and agriculture sector about the growing risk…

https://www.dataversity.net/the-hidden-costs-of-cyberattacks/

Emerging Cybersecurity Trends to Monitor in 2021

Click to learn more about author Gary McCarthy.

Cybersecurity has never been as important as it is today. With more people than ever before accessing the internet for work or pleasure, the number of targets for cybercriminals continues to increase daily, as does the number of cyberattacks. In addition, factors such as the ongoing COVID-19 pandemic have further increased the cybersecurity challenges faced by individuals and corporations. This post will be placing the top emerging cybersecurity trends to monitor in 2021 under the microscope and take a closer look at what can be done to remain secure in the face of these threats.

Remote Working and Cybersecurity

The recent explosion in the number of people who work remotely has drastically increased the attack surface for cybercriminals, and they are taking full advantage of the opportunity.… Read more...

Free virtual event: Big Data and AI Toronto

This year’s Big Data and AI Toronto conference and expo, held virtually Oct 13-14, will provide attendees with a 360° view of the industry through a unique 4-in-1 experience: Artificial intelligence, big data, cloud, and cybersecurity.

Sponsored Post.

Since 2016, Big Data and AI Toronto has been providing a unique platform for IT decision-makers and data innovators to explore and discuss insights, showcase the latest innovative projects, and connect with other data and analytics professionals.

This year’s conference and expo, held virtually on October 13-14, 2021, will provide attendees with a 360° view of the industry through a unique 4-in-1 experience: Artificial intelligence, big data, cloud, and cybersecurity.

Read more...