Antivirus, Enterprise, Internet Security, Social Media

What internet security threats to look out for in 2018?

Being aware of all the possible internet security threats you can be a victim of is a must if you…

Being aware of all the possible internet security threats you can be a victim of is a must if you want to stay safe while browsing the web and doing all your everyday online activities, such as using your social network accounts, performing web banking transactions and even checking your e-mail. 2017 was a year of technological progress and new developments in every single area, and this also included malicious activity.

If you want to enjoy a safe internet experience during 2018, then check out this list of security threats you need to be careful with.

Identity theft

One of the biggest and most dangerous threats is identity theft. Malicious individuals or groups are always looking to steal user accounts, banking information, e-mail addresses and passwords in order to perform or aid themselves in their illegal activities posing as someone else. Another reason identity theft is such a big deal is because it may grant hackers access to sensitive information they can use to target a business or bigger organization. Spot common phishing attacks with the help of our article – 5 ways to spot phishing attacks.

Social network attacks

Social networks have spread into every single aspect of our everyday life, and they have become a widely used platform for malware distribution and phishing attacks. During 2018, it is expected that hackers and phishers exploit social networks to reach more people with their attacks and threats. Be careful with every link and post you see or receive on these social platforms, even if they come from people you know. For more information on social media threats see our biggest threats to your social media account article.

Mobile malware

Mobile devices such as phones and tablets have taken the lead over more traditional, desktop computers and others. As more and more people acquire one or more of these devices, cyber criminals are trying to develop more sophisticated and complex malware applications specifically targeted at them, serving as a bridge for information theft and other malicious activities. Mobile operating system developers must enforce more and better security measures to reduce the number of successful attacks on these platforms.

Data Breaches

Digital systems are always vulnerable, and data breaches and leaks are a latent risk that can happen anytime, with catastrophic consequences such as e-mail, password, social security number and other sensitive and confidential information theft, just like it has happened in recent years to big companies and organizations. Be careful with the platforms and services you choose to use, and make sure you’re trusting good hands with your data, but be also ready to act in case a system breach happens.

Organized cyber crime

One final threat to be aware of during 2018 is organized cyber crime. Cyber criminals have stopped working by themselves or in small groups and have been found to assemble in “hacker groups” and distinct criminal organizations, posing a greater risk for institutions, services and the general public. This is also relevant for countries, given that these cyber criminal organizations also target official institutions and systems. One barrier against these attacks is making sure your devices are protected by a robust and powerful security suite.

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Internet Security

Massive Crypto Breach Unveiled: Latest Insights Emerge

In what appears to be the most significant crypto breach of the year, fresh revelations have emerged shedding light on the extensive infiltration into the digital realm. PeckShield, a reputable blockchain security firm, has disclosed a substantial breach impacting FixedFloat, a prominent platform facilitating cryptocurrency and fiat exchanges…

In what appears to be the most significant crypto breach of the year, fresh revelations have emerged shedding light on the extensive infiltration into the digital realm. PeckShield, a reputable blockchain security firm, has disclosed a substantial breach impacting FixedFloat, a prominent platform facilitating cryptocurrency and fiat exchanges…
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3 Protocols Expanding Bitcoin Network Into NFT, DeFi, and Tooling

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Congress seeks clarification from Yellen on crypto oversight plans, criticizes Howey Test

Share this article URL Copied Members of the US Congress have posed a list of questions in a recent letter to Treasury Secretary Janet Yellen in response to her call for enhanced oversight of crypto. Notably, they highlighted the limitations of the Howey Test in protecting consumers in the crypto market. The letter, signed by

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Members of the US Congress have posed a list of questions in a recent letter to Treasury Secretary Janet Yellen in response to her call for enhanced oversight of crypto. Notably, they highlighted the limitations of the Howey Test in protecting consumers in the crypto market.

The letter, signed by House Financial Services Committee Chair Patrick McHenry, House Agriculture Committee Chair Glenn Thompson, Rep. French Hill, and Rep. Dusty Johnson, seeks Yellen’s detailed explanation of how the regulatory framework should be shaped concerning digital assets, following her call earlier today.

Congress has requested clarification on the Securities and Exchange Commission’s (SEC) role. Notably, they have raised concerns about the effectiveness of the Howey Test, which is used to determine the classification of a transaction as an investment contract and, thus, a security. Congress is questioning whether the Howey Test is sufficient for providing adequate consumer protection.

The legislators have argued that the SEC’s retrospective application of the test does little to protect investors, stating:

“Chair Gensler has declared that “the vast majority of crypto tokens likely meet the investment contract test.” However, the final investment contract analysis is backwards looking, made by a court after the transaction in question has been completed. How does this reactive legal authority provide adequate protection for customers, in the absence of comprehensive legislation?”

Congress has also highlighted that the current regulatory framework does not cover a significant portion of the crypto-asset ecosystem, including Bitcoin and Ether. They have asked the Financial Stability Oversight Council (FSOC) whether these cryptocurrencies are considered securities. Led by Yellen, the FSOC brings together key financial regulators to monitor potential risks and safeguard the financial system.

Furthermore, Congressmen have expressed concern about regulatory gaps in spot markets for digital assets that are not considered securities. They are questioning if the Commodity Futures Trading Commission should expand its jurisdiction to include these spot markets, given its existing authority over certain aspects of non-security digital asset transactions. Congress expects to receive answers from Yellen by February 20.

Yellen has been actively advocating for stricter regulations after FTX’s collapse. In a testimony before the House Financial Services Committee on Tuesday, she warned of the risks associated with crypto platforms and stablecoins, urging Congress to enact stricter regulations for the crypto industry.

Share this article

Share this article

Members of the US Congress have posed a list of questions in a recent letter to Treasury Secretary Janet Yellen in response to her call for enhanced oversight of crypto. Notably, they highlighted the limitations of the Howey Test in protecting consumers in the crypto market.

The letter, signed by House Financial Services Committee Chair Patrick McHenry, House Agriculture Committee Chair Glenn Thompson, Rep. French Hill, and Rep. Dusty Johnson, seeks Yellen’s detailed explanation of how the regulatory framework should be shaped concerning digital assets, following her call earlier today.

Congress has requested clarification on the Securities and Exchange Commission’s (SEC) role. Notably, they have raised concerns about the effectiveness of the Howey Test, which is used to determine the classification of a transaction as an investment contract and, thus, a security. Congress is questioning whether the Howey Test is sufficient for providing adequate consumer protection.

The legislators have argued that the SEC’s retrospective application of the test does little to protect investors, stating:

“Chair Gensler has declared that “the vast majority of crypto tokens likely meet the investment contract test.” However, the final investment contract analysis is backwards looking, made by a court after the transaction in question has been completed. How does this reactive legal authority provide adequate protection for customers, in the absence of comprehensive legislation?”

Congress has also highlighted that the current regulatory framework does not cover a significant portion of the crypto-asset ecosystem, including Bitcoin and Ether. They have asked the Financial Stability Oversight Council (FSOC) whether these cryptocurrencies are considered securities. Led by Yellen, the FSOC brings together key financial regulators to monitor potential risks and safeguard the financial system.

Furthermore, Congressmen have expressed concern about regulatory gaps in spot markets for digital assets that are not considered securities. They are questioning if the Commodity Futures Trading Commission should expand its jurisdiction to include these spot markets, given its existing authority over certain aspects of non-security digital asset transactions. Congress expects to receive answers from Yellen by February 20.

Yellen has been actively advocating for stricter regulations after FTX’s collapse. In a testimony before the House Financial Services Committee on Tuesday, she warned of the risks associated with crypto platforms and stablecoins, urging Congress to enact stricter regulations for the crypto industry.

Share this article

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