Stolen funds recovered by Binance
Thursday, August 29, 2024 by Russ Scritchfield
Binance, the leading blockchain ecosystem behind the world's largest crypto exchange by trading volume, is proud to share that its security team has recovered or otherwise frozen over $73 million in user funds from external hacks as of July 31 this year. This surpasses the approximately $55 million secured throughout 2023.
Over $73M in stolen funds recovered by B...
Tom Brady NFT sale sparks warning to consumers from experts
Wednesday, February 28, 2024 by Freeman Lightner
An expert has warned those considering purchasing an NFT off the back of the Tom Brady $40.7k sale, as NFT marketplaces saw $38 million stolen by scammers last year.
The findings, pulled together by Smart Betting Guide, analyzed a database recording crypto scams and exploits to identify the most vulnerable platforms and blockchains over the last year - with NFT marke...
Mobile cramming scheme halted by FTC
Thursday, November 30, 2023 by Richard Harris
The Federal Trade Commission has obtained orders with the four remaining individual defendants and their affiliated companies in a mobile cramming scheme that the agency says bilked consumers out of more than $100 million through bogus charges added to their mobile phone bills.
The proposed settlements with Darcy Michael Wedd and Phwoar, LLC.; Fraser Robert Thompson ...
Warning to app developers from dating app founder
Thursday, May 25, 2023 by Freeman Lightner
Leading consensual non-monogamy (CNM) app 3Fun, is the victim of an attempted trademark infringement extortion plot that has included the temporary removal of the app from the iOS App Store. This unexpected disruption has greatly impacted 3Fun's business, as it loses new and current iOS users and risks losing its high ranking in the App Store.
The extortion plot ...
Over 40 percent of DeFi token pairs may be fraudulent
Tuesday, December 27, 2022 by Richard Harris
Rome Blockchain Labs (RBL) has released new research showing that many token pairs on decentralized exchanges (DEXs) may be fraudulent or duplicates. Using its data service, RBL Net, the team analyzed data on over 1,000,000 pairs on Uniswap (ETH) and PancakeSwap (BNB).
In light of the many marketplace crashes and burgeoning fear in the marketplace, due to scandals li...
Will The Metaverse bubble will burst
Monday, May 9, 2022 by Freeman Lightner
"The meta-bubble is set to burst, with a bang. There are an astonishing 160 companies currently building their own metaverses. This is an unbelievable amount of time and money pouring into unchartered territory," says Tim Frost, founder, and CEO of Yield App.
"The metaverse looks set to be the next big stage on which we will see crippling los...
HitPiece facing legal action from RIAA
Wednesday, February 9, 2022 by Richard Harris
The Recording Industry Association of America (RIAA) sent a demand letter to the attorney representing the notorious (and now offline) NFT scam site HitPiece.com and its founders demanding the site stop infringing music creator Intellectual Property (IP) rights, provide a complete listing of site activities and revenues to date and account for all NFTs and artwork ...
Persistent memory makes its way into business applications
Tuesday, January 12, 2021 by Richard Harris
In 2021, more businesses will focus on rapidly accelerating and scaling out applications to meet the challenges of digital transformation.
In 2020, the COVID-19 pandemic drove many businesses, especially those in food delivery, eCommerce, logistics, and remote access and collaboration services, to dramatically scale-out and upgrade infrastructure to maintain high app...
Decentralized technologies solve Illiquidity problems
Tuesday, December 17, 2019 by Richard Harris
Illiquidity is one of the major factors affecting global financial markets. Digitizing new assets and finding corresponding buyers and sellers is difficult and costly. Much has been said about the potential for decentralized technologies to solve these problems, but current offerings fundamentally lack the necessary performance guarantees, feature set, and architectural...
Match.com gets sued by FTC for using fake love interest ads
Thursday, September 26, 2019 by Austin Harris
This just in from the FTC. The Federal Trade Commission has sued online dating service Match Group, Inc. (Match), the owner of Match.com, Tinder, OkCupid, PlentyOfFish, and other dating sites, alleging that the company used fake love interest advertisements to trick hundreds of thousands of consumers into purchasing paid subscriptions on Match.com.
The agency also al...
Blockstack becomes SECqualified token offering
Friday, July 12, 2019 by Austin Harris
Blockstack PBC is officially the first company in U.S. history to receive SEC qualification for its digital token offering. Under the SEC Regulation A+ framework, Blockstack will conduct a $28 million cash offer that is accessible to any purchaser who would like to take part in the future of decentralized computing – from general enthusiasts to longstanding Blocks...
Top ten ICO scams that swindled over $687M
Friday, September 28, 2018 by Richard Harris
Initial Coin Offerings are one of the most tempting investment options for those hoping to profit from the ever-evolving world of cryptocurrency. However, the lack of regulation has allowed ICO investors to become targets of sneaky schemes.
Though ICOs have snowballed, with more than 750 being invested in during 2018 alone, the number of scams has also steadily risen...
Bitcoin exchange apps are risky claims new report
Monday, January 29, 2018 by Austin Harris
RiskIQ claims that the app stores are hosting 661 blacklisted Bitcoin apps which leave users open to hackers. They analyzed 18,408 apps across 20 app stores (mostly Android based), but including Apple, Google Play, SameAPK, and APKPlz.Fabian Libeau, EMEA VP of RiskIQ, warned anybody considering downloading such software to be extremely cautious and to research eac...
NoTrove threat is delivering millions of scam ads
Friday, April 28, 2017 by Richard Harris
Earlier this year, RiskIQ, a digital threat management company, reported an eight-fold increase in internet scam incidents that deny the $83 billion digital advertising industry millions of dollars. Now, researchers at RiskIQ have identified NoTrove, a newly discovered and major threat actor that is delivering millions of scam ads that threaten consumers and further und...
Ways you can protect yourself on the Internet
Thursday, February 23, 2017 by Richard Harris
Editors note: Guest submission by Anas Baig, a Digital Marketer & Security Enthusiast.Anyone can fall victim to hacking, and this fact is as evident as the shining sun. Every time you go online, you are, by default, vulnerable to cyber attacks. Hackers can steal your credit card info, social security number, username and passwords, or even render your PC completely ...
New Report Highlights Wide Ranging Cybersecurity Challenges
Wednesday, September 2, 2015 by Richard Harris
Cybersecurity Ventures has released its Cybersecurity Market Report for Q3 2015 which provides an overview of software development and application security trends, statistics, best practices, and resources. Highlights of the report include:- “The SANS Institute 2015 State of Application Security Report” states that many information security engineers don’t understa...
7 Must Have Apps for Financially Savvy College Students
Wednesday, August 13, 2014 by Melissa Hudson
College students are at an important financial intersect in their lives as they transition from being financially dependent to financially independent. Without learning the proper habits, that transition may never really come. Poor money management and lack of financial insights are a recipe for a lifetime of financial dependance on everything from banks, creditors and ...
Increase Your App Rating, One Mobile Test at a Time
Wednesday, October 16, 2013 by Josh Galde
There’s nothing worse than taking the time to develop your mobile app for release, only to discover that it is not loading, has bugs, or even worse - crashes. The result of these failures in a mobile-centric, get-it-now world can be catastrophic to an enterprise mobile business.
Developing mobile apps is extremely expensive and quality is often sidestepped due to the ...
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