Author: HackWatchit
Two Estonian nationals plead guilty to a $577M cryptocurrency Ponzi scheme through HashFlare, defrauding hundreds of thousands globally. They face 20 years in prison and forfeit $400M in assets. The US Department of Justice (DoJ) has confirmed that two Estonian nationals have admitted guilt in a large-scale cryptocurrency fraud case that impacted numerous victims worldwide. The perpetrators, identified as Sergei Potapenko and Ivan Turõgin, both 40 years old, were originally arrested in November 2022 and extradited to the US in May 2024. They, reportedly, ran a cryptocurrency fraud scheme that amassed over $577 million between 2015 and 2019. This substantial…
More ASUS customers can now install Windows 11 24H2 after applying a BIOS update that resolves blue screen of death (BSOD) issues acknowledged in October. As Microsoft revealed last year when it added a compatibility hold blocking the Windows 11 2024 Update on affected systems, these problems occur when trying to update to Windows 11 24H2 on some ASUS devices with very specific hardware components. Redmond said at the time that the known issue mainly impacts ASUS X415KA and X515KA laptop models. “During the update process, devices might experience a blue screen with an error message and cannot complete the installation…
In competitive rowing, particularly in an eight with a coxswain, every seat has a distinct role, yet success hinges entirely on synergy, precision and trust. When I rowed at university, I rowed in the seven-seat (same position as the main character in The Boys in the Boat), responsible for setting the rhythm with the stroke seat and translating power efficiently through the boat. When all eight of us were in perfect synchronization — focused, aligned and executing our shared strategy — we glided across Lake Washington like a knife through butter. But the moment one of us fell out of…
Two Estonian nationals may spend the next 20 years in prison for stealing hundreds of millions of dollars through a massive cryptocurrency Ponzi scheme, the US Department of Justice announced last week. The fraudulent operation “According to court documents, Sergei Potapenko and Ivan Turõgin, both 40, sold contracts to customers entitling them to a share of cryptocurrency mined by the defendants’ purported cryptocurrency mining service, HashFlare,” said the Justice Department. “Between 2015 and 2019, Hashflare’s sales totaled more than $577 million, but HashFlare did not possess the requisite computing capacity to perform the vast majority of the mining the defendants…
How Can AI and Blockchain Change the Way We Compute? Have you ever asked how data processing might shift from a single system to a coordinated network of specialized units? A group of developers is set to explore this possibility. Flare, in collaboration with Google Cloud, is hosting a hackathon at UC Berkeley to test a method where heavy AI tasks are processed offchain and their results are recorded onchain. The Story Behind the Event Picture a system that takes compute-heavy tasks away from the blockchain. Instead of overloading the blockchain with intense operations, these tasks are moved to a…
When a company is the size of Amazon, a lot of bad actors will come after it and its customers, which makes defending the network a monster job. Over the years Amazon has developed a number of strategies, from machine learning and monitoring tools to good old-fashioned phone calling to identify and reduce risks to their network. The company on Monday revealed an internal umbrella platform for the first time that has been in place for several years, called Mithra, which it built to handle Amazon scale. The main piece of technology underlying the solution is a massive graph database…
There’s no denying that Generative Artificial Intelligence (GenAI) has been one of the most significant technological developments in recent memory, promising unparalleled advancements and enabling humanity to accomplish more than ever before. By harnessing the power of AI to learn and adapt, GenAI has fundamentally changed how we interact with technology and each other, opening new avenues for innovation, efficiency, and creativity, and revolutionizing nearly every industry, including cybersecurity. As we continue to explore its potential, GenAI promises to rewrite the future in ways we are only beginning to imagine. Good Vs. Evil Fundamentally, GenAI in and of itself has…
Is your agency’s IT team ready to solve a potentially network-crippling problem? Resiliency strategies play a critical role in defining successful cybersecurity efforts and ensuring continuity of enterprise operations. Learn tips and tactics from the Energy Department’s Ty Brown and Greg Doan, the Environmental Protection Agency’s Vaughn Noga, the Homeland Security Department’s Dustin Goetz and PagerDuty’s Eric Forseter.The post How to master IT resilience first appeared on Federal News Network.
Technology company NVIDIA announced Wednesday at the ongoing S4x25 industrial cybersecurity event their adoption of the NVIDIA cybersecurity AI platform to enhance real-time threat detection and safeguard critical infrastructure protection. The technology will enhance the operation of critical infrastructure installations, which functions in highly complex environments. The convergence of IT and OT (operational technology), often driven by digital transformation, creates a significant array of vulnerabilities. Traditional cybersecurity measures are inadequate to tackle these evolving threats. Industry partners Armis, Check Point, CrowdStrike, Deloitte and World Wide Technology (WWT) are integrating the platform to help customers bolster critical infrastructure, such as energy,…