Crypto Security
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The Other Side of NFT – The Scams and the Threats
In November 2021, a popular Twitter user and cryptocurrency enthusiast @Oxflim tweeted about a particularly nasty incident that happened to him. He lost his NFT collection, worth over 300 ETH, in the blink of an eye. “My primary wallets were…
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How KuCoin Survived a Massive Hack of $285M Worth of Crypto Assets
When attacked, some crypto projects and exchanges buckle and fold under pressure; KuCoin set the standard in 2020 for how to react to crypto hacks, even on the largest scale. KuCoin is a Singapore-based crypto exchange that consistently ranks among…
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What You Need to Know about the $460M MtGox Hack of 2014
The full story behind the first major crypto hack and how much really was lost. MtGox was one of the very first platforms on which people could buy, sell, and trade bitcoin. Launched in July 2010, by 2014 the Tokyo-based…
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Gleaming Wisdom from the Strange $170M BitGrail Hack
Around $170M worth of cryptocurrency was allegedly stolen from an obscure Italian crypto exchange called BitGrail in 2018; it’s still unclear exactly how or by whom. Just weeks after Japanese crypto exchange Coincheck was hacked – an event dubbed “the…
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How Hong Kong’s FinTech sector is developing
The global financial services sector is accelerating its transformation in response to changing values and shifting consumer preferences. Hong Kong is responding in its own unique way. Global events over the last decade have brought home the reality that we…
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Blockchain Security
Recent advances in Distributed Ledger Technology (DLT) / Blockchain have significant implications for the global economy and financial services FinTech and Decentralized Finance (DeFi) solutions. Blockchain is a set of technologies that through distributed computing and mathematics can now deliver…
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Cybersecurity of Blockchain & Blockchain for Cybersecurity
You may have heard, over the last year or two, about the new technological miracle that is the blockchain. It seems that every banker, insurer, manufacturer, artist, lawyer and cybersecurity professional is shouting about blockchain from the highest peak and…
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Why Financial Crime and Cybersecurity Need to Team up
The worlds of financial crime and cybercrime are colliding, converging into one. The biggest threat to businesses globally is the new cyber-enabled financial crime. Yet businesses and even financial institutions tasked with protecting our money continue to fight this combined…
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Financial Institutions: Key in Fighting Weapons of Mass Destruction
How would you picture those who work to prevent weapons of mass destruction (WMD) from falling into the wrong hands? Would you picture them heavily armed and with a military bearing? Then you might be surprised. Although such individuals sometimes…
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Combatting Money Laundering & Terrorist Financing
Terrorist funding detection has been practiced the same way as money laundering detection ever since Counter Terrorism Funding (CTF) initiatives were added to Anti–Money Laundering (AML) efforts after 9/11. Although the two have similarities on the surface, a deeper look…
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Financial Crime, Money Laundering and Terrorism Financing
In what ways has financial crime hurt you? Most people would respond with a yawn. We might think it is limited to a few fraudulent schemes that deprive a small number of people of a few hundred or a few…
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