Artificial Intelligence (AI) is increasingly being dubbed as the new cyber currency. Regulatory bodies, particularly the
U.S. Securities and Exchange Commission (SEC), are focusing on devising strategies to combat crypto fraud and cybercrime resulting in the introduction of a
New Cyber and Emerging Technologies Unit. Despite the rapid advancements in the crypto market, it is also troubled by high-profile thefts, such as the quarter-billion crypto theft and multiple cyber-attacks.
North Korean cyber operatives are reportedly setting up fake US companies to target crypto developers. DDoS attacks, that are now used as a means of waging political cyber-warfare, along with other threats reflect the increasing vulnerability of digital currency holders. On the corporate side, companies like
Fireblocks are launching cyber security tools to assist crypto handlers and meet Europe's DORA rules. On the other side, there are successful instances of recovery from scams such as a woman recovering $35K lost to a Bitcoin scam, and
Binance being recognized by Singapore Police for its contributions towards fighting cybercrime. In addition to combating these threats, authorities are also dealing with the issue of cryptocurrencies being used for unlawful activities. Despite these risks, cryptos remain popular with investors, perhaps a testament to their belief in the potential advantages of decentralization and the potential profits from volatility.
CYBER Coin News Analytics from Mon, 06 Jun 2011 07:00:00 GMT to Sat, 03 May 2025 14:01:15 GMT -
Rating 3
- Innovation 5
- Information 8
- Rumor -5
