KuCoin Loses $22,000 due to Twitter Hack, Exchange Announces Reimbursement
KuCoin has assured all the impacted users that it would reimburse them the amount lost while also pledging additional security measures.
Cybersecurity News
Stay up to date on the latest news stories, articles and technical coverage on cybersecurity, cybercrime, ransomware, infosec, hacking and much more
Lending Protocol Hundred Finance Loses $7M in Fresh DeFi Exploit
The hacker was able to withdraw more tokens than were initially deposited.
Metaverse Platform MetaPoint Suffers $1M Exploit that Sinks POT Value by 80%
By
Tolu Ajiboye
The MetaPoint exploit once again casts doubt on the fortification of blockchain technology after the platform lost more than 2,500 BNB.
South Korean Crypto Exchange GDAC Temporarily Suspends Deposits and Withdrawals after $14M Hack
The GDAC hot wallet hack occurred on April 9 when the perpetrator transferred the asset to unidentified crypto addresses.
Terraport Finance Loses $2M in Assets to Hack
While noting it had made efforts to secure the protocol, the Terraport team said it is still investigating the breach.
Euler Finance Hacker Turns In $31M as Recovery Efforts Come to Close
The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets.
Microsoft Introduces Cybersecurity AI Chatbot to Solve Critical Issues
By
Tolu Ajiboye
Tech giant Microsoft says its Security Copilot AI initiative will be of immense value to cybersecurity experts.
Exploiter of Euler Finance Returns Another $37.1M Worth of ETH and DAI
Over the last week, the attacker of Euler Finance has released a total of $138 million which is 70% of the total amount stolen from the Euler Finance protocol.
Euler Finance Goes All Out on Hacker, Offers $1 Million Bounty
Euler says the hacker must return 90% of the funds that were stolen within 24 hours or face legal consequences.
Platypus Launches Compensation Portal for Users Following $9.1M Hack
By
Tolu Ajiboye
DeFi protocol Platypus outlined a plan in its recent compensation portal to reimburse users up to 78% of main pool funds.
Cybersecurity News
Stay up to date on the latest news stories, insights, articles, and technical reports on cybersecurity, malware, cybercrimes, ransomware, information security, social engineering, hacking, crypto-jacking and many more at Coinspeaker.
Cybersecurity involves the protection of confidential data on web linked systems vulnerabilities and cyber theft. Internet-driven businesses employ the use of cybersecurity tools to avoid unauthorized access to their computer and data centers.
Cybercrime remains one of the major threats to businesses and internet investors in the tech space. Every day, we get stories on events of online theft, and going by the predictions of tech experts, the rate of global cybercrimes is expected to get worse in the coming years if drastic measures are not put in place.
Tech giants such as IBM, Amazon, Microsoft, Cisco, etc. have invested billions in Cyber Security with the hope of minimizing the rate of cyber-crimes across the globe.
The spread of malicious attacks and internet fraud continues to increase yearly, leaving a ruin of lives and assets in its wake. Luckily, the world has firms such as the ones listed above to fight for it, as the government can only do so much. Therefore, with these cybersecurity companies in existence, one can only hope that the war on cybercrime is won.
The battle to put an end to cybercrimes has been on for some time, and no matter how things may seem today, it would have been worse if not the help of certain cyber security firms.
According to export reports, over $3 trillion was lost worldwide to cybercriminals in 2015 alone, and if no solution is put in place to curb the rate, the stakeholders could be losing up to $6 trillion by 2021.
Cybersecurity news today brings you closer to the tech world by offering cutting edge updates on events relating to cybercrimes and theft.
Click to see more