An analysis of attacks against cryptocurrency exchanges over nearly two years shows hackers have inflicted $882 million in damages, according to the Russian security firm Group-IB. The tally of losses is likely to grow next year, the company warns.
At RSA Conference 2018 Asia Pacific & Japan, Information Security Media Group conducted dozens of video interviews with industry thought leaders. Here are the highlights.
Making bigger advances in implementing nationwide health information exchange will require a multipronged effort, including getting patients more involved and using a variety of technical approaches, says Scott Stuewe, the new president and CEO of DirectTrust.
Blockchain is one of 2018's top buzzwords, but - cryptocurrency usage aside - the technology's practical applications are more hype than reality, says Gartner's Avivah Litan. But that doesn't mean blockchain lacks promise.
Blockchain has potential for identity-based applications, but there are many aspects of identity and access management that a blockchain alone doesn't solve, says Ian Yip of McAfee.
The best way to take a holistic approach to the current threat landscape is to define security issues as business problems and then put the problem before the solution - not the other way around, contends RSA CTO Zulfikar Ramzan.
A number of innovative applications of blockchain technology for security are emerging, but Laurence Pitt of Juniper Networks warns that not all data is suitable for storage in a blockchain.
Security silos persist because stakeholders within the enterprise security ecosystem are focused on their own key performance indicators, says Abdallah Zabian of DXC Technology, who suggests a more holistic approach is needed.
Attackers have targeted a patched vulnerability to exploit more than 209,000 carrier-grade routers made by Latvian manufacturer MicroTik and infect them with two types of malware - Coinhive and Crypto-Loot - designed to mine for cryptocurrency, security researchers say.
This edition of the ISMG Security Report features Elvis Chan, a supervisory special agent at the FBI, discussing ongoing efforts to thwart Russian interference in the U.S. midterm election this fall, and Alberto Yepez of ForgePoint Capital addressing cryptocurrency security issues.
Early experiments are demonstrating how blockchain, the distributed and immutable ledger behind virtual currencies, potentially could play an important role in identity management, says Avivah Litan, a Gartner Research analyst who will be a featured speaker at ISMG's Security Summit Aug. 14-15 in New York.
Alberto Yepez of ForgePoint Capital says cryptocurrency poses new challenges for accommodating the "know your customer" process of confirming that you're "doing business with the people that you want to be doing business with."
Blockchain, the digital ledger used for cryptocurrency, can serve as an effective identity management platform, asserts Chris Boscolo, CEO of ZNO Labs, who describes an approach he calls "self-sovereign identity."
Attackers have stolen $23.5 million in cryptocurrency from Bancor, which is developing a decentralized exchange. The cause of the hack may have been a failure by Bancor to protect authentication keys that allowed for changes in its token smart contracts.
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