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OKX suspends DEX aggregator after Lazarus hackers try to launder funds
OKX Web3 has decided to suspend its DEX aggregator services to implement security upgrades following reports of abuse by the notorious North Korean Lazarus hackers, who recently conducted a $1.5 billion crypto heist. OKX is a leading global cryptocurrency exchange that offers a wide range of trading options, including spot and derivatives trading and decentralized finance (DeFi) services. As of…
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UK organizations scrambling to divert funds for NIS2 compliance spending
Virtually all UK organizations have been forced to divert funds from elsewhere to deal with the costs of NIS2 compliance. The EU cybersecurity bill NIS2 came into effect earlier this year, with the deadline for compliance having recently passed. Under the legislation, EU-based businesses operating in critical sectors such as energy, transport, water, financial services, and healthcare, are required to…
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UK funds new cybersecurity program for overseas firms
Not-for-profit IT security certification body CREST has won funding from the UK Foreign, Commonwealth & Development Office (FCDO) to boost cybersecurity maturity overseas. The launch of the Cyber Accelerated Maturity Programme (CAMP) comes as the government holds international talks on how to tackle the increasing threat of cyber attacks. And a subsequent report to be published by the end of…
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A former Essential Phone exec used company funds for Lamborghinis, claims lawsuit
A lawsuit filed against Osom Products, Inc. by its former chief privacy officer, Mary Stone Ross, claims that the company’s CEO, Jason Keats, used business funds for extravagant purchases that include two Lamborghinis, reports Android Authority. Keats, who founded Osom after Essential shut down and hired several of Essential’s former workers, is also accused of using company resources to pay…
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