Cybersecurity remains the focal point of a myriad of challenges in the cryptocurrency sphere. The recent widespread service interruption in
MoneyGram was acknowledged as a cybersecurity issue. Similarly,
the Port of Seattle faced a substantial cybersecurity dilemma over the demand of a Bitcoin ransom following a cyber attack.
XRP, too, rose to the limelight when Indian Supreme Court's YouTube Channel was hijacked by hackers to promote it. Renowned cryptocurrency exchange,
Coinbase, expressed concern over increasing deepfake threats.
Money Matters included cyber coins in their discussions, highlighting the increasing relevance of digital assets.
Cyber threats have also seen companies like
Cencora making unprecedented ransomware attack payments, such as $75 million in Bitcoin. However, this move faced considerable backlash over associated security concerns. Notably, the use of cryptocurrency for illegal activities has been growing, with North Korean Crypto Hackers being reported to have absconded with $3B since 2017. Famously, WazirX had to file a complaint with India's Cyber Crimes unit following a $230M hacking incident. Even a company like Interpol Nigeria has needed to boost its cybersecurity through virtual asset training.
On a brighter note,
CYBER, formerly CyberConnect, unveiled its socially focused Layer 2 on the OP Stack in efforts to push for innovation within the digital assets space. The story behind the Jeff cyber challenge coin even trended virally, manifesting the popularity of the crypto community. Traders exhibited immense interest in investing in CYBER, fueled by its soaring social network's tokens. Despite some incidents, like CYBER's price dipping significantly post-Binance listing, the overall landscape thrives with new developments and increased adoption.
CYBER Coin News Analytics from Fri, 20 Oct 2017 18:32:23 GMT to Wed, 25 Sep 2024 03:22:44 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor 1
