This week: A U.S. federal court issued a summons to Binance CEO Changpeng Zhao, Lazarus may be behind the $35 million Atomic Wallet heist, and Manhattan prosecutors seized a scam crypto recovery website. Also, the Blockchain Association weighs in on Tornado Cash, and crypto security attacks decline.
The Biden administration stepped up regulatory enforcement against cryptocurrency trading platforms in consecutive lawsuits targeting Binance and Coinbase for alleged violations of securities laws. "We already have digital currency. It's called the U.S. dollar," said U.S. SEC Chairman Gary Gensler.
With the federal government's software bill of materials regulations looming, many organizations are not ready to respond, warned CISO Sean Atkinson of the Center for Internet Security. He provided tips for ensuring transparency in the software supply chain and preparing for SBOM regulations.
Snyk plans to purchase an Israeli startup founded by members of Wix's application security team and backed by CyberArk to help organizations govern developer security. The developer security vendor said its proposed buy of Enso Security will give clients a view of their application security posture.
At the EU cybersecurity agency ENISA's recent conference on the cybersecurity upsides and downsides of AI chatbots, presenters urged "preparedness," recommending that cybersecurity professionals track the "warp speed" evolution of chatbots to target emerging risks as well as opportunities.
Cisco took its first major step toward realizing its secure cloud vision in April with the debut of a new extended detection and response platform. The next set of enhancements around generative AI, secure access and defending applications across multiple clouds debuted Tuesday at Cisco Live 2023.
In this episode of "Cybersecurity Insights," Antoinette Hodes of Check Point Research discusses the need to consolidate an organization's cybersecurity posture, gain visibility into OT and IT assets, and use cybersecurity education to increase worker safety.
Flipkart embraced a comprehensive security maturity program that incorporated defense-in-depth, automation, zero trust and secure SDLC/security-by-design principles across its four subsidiaries. Flipkart's Raakesh Thayyil discussed the importance of a cohesive strategy.
Despite the beating new publicly traded security companies have taken during the economic downturn, Rubrik is looking to test its luck in the public market. Reuters reported Monday the firm is working with Goldman Sachs, Barclays and Citigroup in preparation for an IPO that could take place in 2024.
In the days between May 26 and June 1, Tornado Cash validators regained control, Tron patched a bug that could be exploited for $500 million, Binance said it will delist privacy coins in four European countries, Coinbase settled insider trading charges and Hong Kong police joined the metaverse.
In this episode of "Cybersecurity Insights," Rodrigo Liang of SambaNova Systems discusses what he calls "the fastest industrial revolution we've seen." The topic, of course, is generative artificial intelligence, and Liang considers whether businesses should embrace it or hold back.
Artificial intelligence poses a global risk of extinction tantamount to nuclear war and pandemics, say a who's who of artificial intelligence executives in an open letter that evokes danger without suggesting how to mitigate it. Among the signatories are Sam Altman and Geoffrey Hinton.
Cisco plans to make its third tuck-in cybersecurity acquisition of 2023 to protect email, cloud office applications and enterprise communications through natural language understanding. Cisco will take advantage of Armorblox's predictive and generative AI to help customers bolster their security.
Cisco Security Executive Vice President and General Manager Jeetu Patel said the industry struggles to address multifaceted attacks that originate in email and include bad links, malware downloads to a device and more. Cyber defenders need correlated data from multiple sources of telemetry, he said.
Change management is a critical part of a robust API management program, said Shaam Farooq, vice president of technology at Atlas Energy Solutions and a CyberEdBoard member. Team members must review and approve changes as they happen and communicates those changes across IT and OT security teams.