June 2020

Crypto Ransom Amounts Skyrocketed 200% in 2019

June 7, 2020 boss

A study revealed by digital forensics firm, Crypsis Group, shows an actively growing trend in the ransoms demanded by ransomware attackers. Amounts sharply rose 200% from 2018 to 2019. According to the 2020 Incident Response and Data Breach Report, it’s no surprise that cybercriminals have claimed “exorbitant” crypto ransoms in the past three years. The firm pointed out that the median amount of funds demanded as ransom was $115,123. Attackers are getting sophisticated Crypsis Group says attackers are shifting their tactics to enterprise-targeted ransomware. They carefully select victims capable of…

This Chinese City Is Launching a Blockchain Notary Program

June 7, 2020 boss

Local media outlets are reporting that a blockchain-powered pilot program will provide a wide range of notary services in Suzhou, China. According to China Quality News, authorities of Suzhou announced on June 5 that this program aims to help millions of citizens access legal and government offices via the internet. The pilot platform, created by the Suzhou Municipal Market Supervision Bureau and the Suzhou Municipal Bureau of Justice, will cover personal freedom, life, health, property rights, and more. Blockchain-based cloud network to distribute files All the materials will be available…

Prince Harry Getting Involved With BLM? Hopefully He’s Learned From His Unsettling Past

June 6, 2020 boss

Meghan Markle delivered a passionate speech on racial tension, inspired by Dr. Jackson Avery. Rumors suggest both Meghan and Prince Harry are speaking with those leading the Black Lives Matter movement to see where they can become more involved. Let’s hope that Prince Harry has learned from his questionable past, and isn’t just looking to BLM as a means to rehabilitate his broken image. Reports are suggesting that Prince Harry and Meghan Markle, who have been living under lockdown in Los Angeles since arriving from Vancouver Island, are quietly planning…

On-Chain Data Shows Ethereum Usage Has Rocketed, Boosting ETH’s Bull Case

June 6, 2020 boss

Ethereum is still down by over 80% from its all-time high, but that hasn’t stopped cryptocurrency users from increasingly adopting the asset. Rafael Schultze-Kraft (@n3ocortex on Twitter), the chief technical officer of blockchain analytics firm Glassnode, recently shared the chart below. It shows that the number of new daily Ethereum addresses with more than one transaction has increased dramatically since the start of the year, reaching levels not seen since 2018. “Ethereum has seen a surge in usage in 2020. The number of new addresses involved in more than one…

Singapore Sees 300% Yearly Spike in Q1 Cryptojacking Attacks Amid COVID-19

June 6, 2020 boss

Data published by Russian cybersecurity firm Kaspersky indicates that Singapore has seen a significant increase in the prevalence of attempted cryptojacking attacks during the first quarter of 2020. Kaspersky estimates that 11,700 attacks were attempted on devices located in Singapore from January until March — up from 2,900 as of the first Q1 2019. Kaspersky asserted that the spike in attacks is the highest percentage increase posted within the South-East Asian region. Cryptojacking attacks up three-fold in Singapore In an interview with Straits Times, Kaspersky’s general manager for South-East Asia,…