Tech News Hub: WEEKLY NEWS INSIGHTS
Welcome to our weekly news roundup, where we highlight our week's top stories. We started the week in the world of Cybersecurity as a recent study found that a malware campaign known as HiddenAds had been running since at least June 2019, with seventy-five percent of its ads being malicious in some way. HiddenAds discovered four Android apps released by the same developer to direct victims to malicious websites as part of an adware and information-stealing campaign.
Also, in the world of Cybersecurity, an analyst at Cofense decided to track gift cards across 54 active Business Email Compromise (BEC) attacks to see how they were being used. Analysts expressed surprise at how quickly scammers transferred money; every card they used was stolen, resold, and used for purchases within 24 hours.
We also further discussed the virtual payments giant Visa is adopting Web3 as it seeks to lead itself from rivals like Mastercard and PayPal. Visa has already established a reputation for seeking to capture a portion of the digital asset market by forming alliances. Payments corporations are becoming increasingly supportive of Web3 and are contributing their part to adopting virtual currencies.
Next, we wrote about how Virtual assets are taxed in different regions around the world and how the economy of Costa Rica is looking up for crypto and Fintech businesses after a legislator introduced a bill to make them legal. To turn Costa Rica into a digital currency haven, lawmakers are working to eliminate all taxes on digital assets, including BTC.
We're expected to think that the man who invented unethical data mining of our internet activities, which was then sold to the highest bidder, now wants to digitally analyse our emotions and facial expressions to build a better avatar. Investors panicked immediately after Meta stock fell in after-hours trading, a decline of more than a quarter and closed for the day below $98, which is less than a third of its value at the start of the year.
In the third quarter of 2022, cyber threats increased in quantity and intensity, and cyber attack areas got more unpredictable. Open Systems, the Microsoft Security MSSP Partner of the Year, has introduced Patriot, a Microsoft Security partner. Patriot partner program with Microsoft was done to assist Microsoft customers in
Our last story discussed how IBM initiated a grant program encouraging schools to be more secure online. This grant was launched to help schools become prepared for cyberattacks. In 2022, more than 120 schools applied for grants to IBM across the U.S. and expanded overseas as schools needed help against cyberattacks.
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