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04 Jun 23

Crypto scams on the rise, government institutions call for regulatory clarity| Weekly recap

This week, regulatory affairs continued to be a top concern. Government institutions worked towards creating guidelines to adapt to the ever-changing and evolving world of cryptocurrencies. Meanwhile, the private sector showed interest in non-fungible tokens (NFTs) by collaborating on various projects. Despite these positive advancements, reports of fraudulent activities and security breaches highlighted the importance […]

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12 Apr 23

Latitude data breach prompts call to outlaw ransom payments in Australia

Australia is pressured to outlaw paying cyber ransoms, especially with cryptocurrency, after a significant data breach hit Latitude Financial. It is the country’s most significant cyber attack to date, compromising sensitive information like driver’s license numbers, passports, and financial records. On March 16, Australian financial institution Latitude Financial announced it had been the victim of […]

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07 Apr 23

ECB president unveils plans to control CBDC payments during prank call

The European Central Bank (ECB) president Christine Lagarde revealed that the bank intends to introduce payment control into the digital euro CBDC. She made the statement during the prank call with the Ukrainian president impersonator. Lagarde was involved in a prank call In a recent incident, European Central Bank (ECB) President Christine Lagarde fell victim […]