Thrive’s Post

• 📅 Enactment Date: January 16, 2023 • 🚀 Enforcement Begins: January 17, 2025 • 🎯 Objective: Ensure IT resilience and security for financial entities (FEs) in Europe and their ICT providers • 🏦 Banks • 💰 Cryptocurrency firms • 🛡️ Insurance companies • 📈 Investment firms •🛡️ Protection Against: Severe operational impacts like denial of service (DDoS) cyber-attacks and ransomware Thrive can assist in critical areas to support compliance with DORA. 🔒 Read more in the comments below.👇

🔐 Cybersecurity in Fintech: Why It Matters🔐 With fintech's rapid growth in mobile payments and crypto trading, strong cybersecurity is essential. Protecting financial data from breaches and fraud not only safeguards customer trust but also avoids costly legal issues. How are you addressing cybersecurity in your fintech operations? Share your strategies and insights! 💡🔒 #Cybersecurity #Fintech #DataProtection #FraudPrevention #SecureTech

IRS Criminal Investigation (IRS-CI) specializes in “following the money” related to many violations of federal law, including money laundering, cybercrime, and tax-related offenses. They have seized billions in cryptocurrencies related to illicit activity and taken down cybercriminals, ransomware groups and darknet market operators. This is the story of how IRS-CI took down the xDedic Marketplace which sold compromised, remote access credentials to computer systems across the world—enabling cyber criminals to wreak all kinds of havoc on individuals’ and organizations’ lives, including financial fraud, ransomware, and extortion. IRS-CI used blockchain intelligence to unravel the network of associated addresses and legal process to identify real-world subjects. They were then able to identify the server location and worked with international partners to seize the data, which provided yet more information on the administrators and vendors using the marketplace. TRM Labs is proud to support the work of IRS-CI. Watch the extraordinary full story👇

Hackers have allegedly targeted OKX, stealing funds from at least two accounts in a sophisticated attack involving SMS risk notifications and the creation of new API keys. Crypto exchange OKX has reportedly been targeted by hackers, with at least two users reporting their funds were drained after receiving SMS risk notifications from Hong Kong. #Attack #customers #Hackers #Notifications #Okx #Risk #SIMswap #SMS #Suspected #Target

🔐 Enhance security, compliance, and efficiency in digital payments with tokenization! Discover how this innovative method protects sensitive data and transforms financial transactions. 🌐📊 #Tokenization #DigitalPayments #FinTech #DataSecurity #FinancialTransactions #Compliance #Innovation #CyberSecurity #FinancialServices #FutureOfFinance

Did you hear the news? Lockbit, one of the most notorious ransomware gangs in the world, has been taken down by a joint operation of law enforcement agencies from the UK, the US, and Europe! 🎉 This is a huge win for the global fight against cybercrime, as Lockbit was responsible for thousands of attacks on businesses and organisations, causing billions of dollars of losses and damages. 😱 The operation, codenamed “Cronos”, involved infiltrating and seizing Lockbit’s systems, data, domains, servers, and cryptocurrency accounts, as well as arresting, indicting, or identifying some of its key members. 💯 Lockbit’s website on the dark web, where it publicised its activities and offered its services to other criminals, was also taken over by law enforcement and replaced with a message stating that it was “now under control of law enforcement”. 🔥 This is a remarkable achievement for the security and justice of the online world, and a clear message to other cybercriminals that they are not safe or immune from the law. 🙌 Read the full article https://lnkd.in/e7g4UPTz

✅ SOC 2 Type 2 certification! This independent verification confirms our commitment to the highest standards of data security and customer trust. What does this mean for you? 👉🏽 Enhanced Security: An independent auditor verified that Ledn has robust controls in place to safeguard your information. ️ 👉🏽 Trust & Transparency: This certification demonstrates our dedication to keeping your data secure and building trust with our community. This achievement is a major step forward in confirming Ledn as a leader in the crypto financial services industry. A huge thank you to our clients, partners, and amazing team for your continued support. We wouldn't be here without you! Stay tuned for more updates on our security journey. #Ledn #Security #Crypto #FinancialServices #SOC2 #Trust #Transparency

🧑🎓 #𝐁𝐋𝐎𝐂𝐊𝐂𝐇𝐀𝐈𝐍. 𝐙𝐄𝐑𝐎 𝐊𝐍𝐎𝐋𝐄𝐃𝐆𝐄 𝐏𝐑𝐎𝐎𝐅 (#𝐙𝐊𝐏) 𝐀𝐍𝐃 𝐅𝐈𝐍𝐀𝐍𝐂𝐈𝐀𝐋 𝐒𝐘𝐒𝐓𝐄𝐌. 👉 As we all know, business fraud is becoming more and more common. Companies do not have many options other than to cross their fingers and hope that they do not become the new victim of the scam company of the moment (real companies with workers who are dedicated to getting into them and extorting money so that the company can continue working with the data they have had up to now). 🧐 Traditional perimeter security (physical and logical firewalls) is by no means sufficient, since both the vulnerabilities of computer equipment - from the factory - and the people inside the company themselves are the main attack vectors. The other day I attended a cybersecurity event where people were talking about passport forgery scams. The question instantly came to me: why not use digital identity on blockchain, which would prevent 100% of the problems that exist? The answer: silence... 𝐈𝐟 𝐰𝐞 𝐬𝐩𝐞𝐚𝐤 𝐚𝐛𝐨𝐮𝐭 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐬𝐞𝐯𝐢𝐜𝐞𝐬, the stakes are high with respect to reestablishing trust and finserv like banks have voiced their intention to use next gen cryptographic technologies to protect against financial frauds. In this regard, ZKPs have unequivocally shown an optimistic way forward. 𝐙𝐞𝐫𝐨-𝐤𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞 𝐩𝐫𝐨𝐨𝐟𝐬 𝐞𝐧𝐚𝐛𝐥𝐞 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐭𝐨 𝐩𝐫𝐨𝐯𝐞 𝐩𝐨𝐬𝐬𝐞𝐬𝐬𝐢𝐨𝐧 𝐨𝐟 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐫𝐞𝐯𝐞𝐚𝐥𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧. This has profound implications for privacy, allowing for secure authentication and authorization processes without sharing sensitive data. In the other hand, by allowing one party to prove knowledge of specific information without revealing the information itself, zero-knowledge proofs can be applied to prevent fraud and ensure compliance in various domains. These two use cases are typical well explained and it's implementation is just a matter of time (probably the time will be once the company is hacked... who knows! 😀 ) #consultancy Shareyourworld

💾 Hacked According to the Federal Bureau of Investigation (FBI), in 2023 cybercrime complaints rose 10% year-on-year and related losses rose 22% to more than USD 12.5 billion. While losses from ransomware jumped 78% year-on-year, the reported figure of only USD 59.6 million reflects that many firms do not report ransomware payments. The largest contribution to the growth in losses came from #crypto fraud. 👉 check out further game-changing trends by Robeco here: https://lnkd.in/epEV_rGA credit 🙏🏻: Dora Buckulcikova, CFA, Daniel Ernst, Sam Brasser #thematicinvesting #megatrends #innovation #technology

#Tokenization holds the fort as a formidable guardian of sensitive information. 💳 What's the secret? It swaps out critical data with unique tokens, rendering it unreadable to prying eyes while preserving its essential structure. Tokenization isn't just a security feature; it's a silent guardian in our battle against data breaches, especially in payment systems and beyond. Here are a few resources that can help you learn more about tokenization and comforte AG's Data Security Platform: https://lnkd.in/duJ4iau https://lnkd.in/e45dzasB https://lnkd.in/eSbrKbRN https://lnkd.in/e2UFU9re https://lnkd.in/gvDxwB3E #DSP #DataProtection #Paymentsecurity