The world of cyber liability insurance has become more and more complex with the rise of cryptocurrency. The collapse of the FTX crypto exchange has made “an already difficult area of insurance that much more complicated,” says David Derigiotis, chief insurance officer at insurtech Embroker. “It’s going to take a little bit of time to […]
The number of digital accounts stolen has gone through the roof recently, with cryptocurrency holders being a high priority target for the threat actors. According to a new report from fraud prevention experts Sift, the number of successful account takeover attacks increased by 113% in the first half of this year, compared to the same […]
The best way to steal money is by piggybacking onto other thieves, is the apparent motto of a cryptocurrency threat actor who drained hundreds of thousands of dollars worth of digital assets destined for scammers. Analysts from Trend Micro dub the thief robber “Water Labbu,” and peg its takings as 316,728 USDT filched from nine […]
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