Russia’s Cybercrime Skyrockets: 700,000 Attacks, $3 Billion Vanished
More than a million Russians have fallen victim to cybercrime, resulting in an estimated $3 billion in damages. Cybercrime accounts for 35% of all crimes in Russia and is increasing by 30% annually, outpacing law enforcement efforts. Russia Faces Surge in Cybercrime, With Billions Lost to Fraud More than a million Russians have fallen victim […] Powered by...
Europol Predicts Drop in Online Piracy (Updated)
Europol published its latest Serious and Organized Crime Threat Assessment (SOCTA) this week. The report provides a detailed overview of the threats posed by serious and organized crime in Europe, and includes a section dedicated to digital content piracy. Europol is no stranger to piracy and online copyright infringement. The EU agency has led and assisted in many enforcement efforts over the years and has been particularly active in...
China to Enforce AI Content Labeling Starting in September
The Cyberspace Administration of China stated that all artificial intelligence (AI) machine-generated content must be flagged with watermarks or metadata to identify its artificial origin. Unflagged content can still be produced, but creators must clarify the origin of the content, which will be logged by the source app for easier tracking. China Starts a Crusade […] Powered by...
South Korea to Trial CBDC With 100,000 Users and 7 Banks
South Korea’s CBDC pilot will involve seven major banks issuing deposit tokens, enabling 100,000 participants to make digital payments at top retailers like 7-Eleven, Hyundai Home Shopping, and Kyobo Bookstore. South Korea’s CBDC Pilot to Test Deposit Tokens in Real-World Transactions South Korea’s central bank, the Bank of Korea (BOK), is gearing up to launch […] Powered by...
Xapo Bank Unleashes Bitcoin-Backed Loans—Borrow up to $1M Without Selling BTC
Xapo Bank is revolutionizing bitcoin finance with a game-changing loan service—borrow up to $1M in USD without selling your BTC. Bitcoin-Backed Loans: A New Era of Crypto Credit Xapo Bank has introduced a bitcoin-backed loan service, enabling qualifying members to secure USD loans without liquidating their bitcoin holdings. The new offering, available through the Xapo […] Powered by...
