Post Hack Japanese Cryptocurrency Exchange Zaif Resumes Operations

After seven months of pause, Japanese cryptocurrency exchange Zaif has resumed its operations, starting this week. The reason for the break was the cyber-attack that crippled the company in September 2018. In the attack, Zaif lost nearly $60 million in bitcoin, bitcoin cash, and MonaCoin (MONA) from its hot wallets! Post hack, Japanese cryptocurrency exchange Zaif resumes ...www.cisomag.com/ ...Post hack, Japanese cryptocurrency exchange Zaif resumes operations. By. CISOMAG - April 24, 2019. 609. 0. SHARE. Facebook. Twitter. SHARE. After seven months of pause, Japanese cryptocurrency exchange Zaif has resumed its operations, starting this week. The reason for the break was the cyber-attack that crippled the company in September 2018.!! Following the attack, Zaif suspended its new registration, as well as trading, depositing and withdrawing MONA for the next one month! Japanese Cryptocurrency Exchange Hacked, $59 Million in ...cointelegraph.com/news/ japanese - ...hack ...million-in...Japanese cryptocurrency exchange Zaif has discovered that a security breach on September 14 led to the loss of $59 million worth of cryptocurrency. In a September 14 security breach, hackers ...!! It also assured refund to users who lost holdings in the breach

Post the attack, the company entered into a strategic agreement with Fisco Digital Asset Group. As part of the agreement, Zaif would receive a ¥5 billion ($44.5 million) investment in exchange for a share of ownership! Hackers steal $530M from Japanese crypto exchange nypost.com /2018/01/26/ hack ...exchange TOKYO — A Japanese exchange has lost $530 million in cryptocurrency because of hacking, according to Japanese media reports. The Coincheck exchange said on its website Friday that it had halted ...!! The sale of the exchange was part of the efforts of the company to compensate the users who lost MonaCoin in the hack. Now, the affected users have been repaid entirely in their original cryptocurrency while MONA users have been refunded 40 percent in Japanese yen and 60 percent in crypto. "The yen conversion rate will be 144.548 yen per MONA. Zaif said, "MONA physical trading is scheduled to resume from April 23, 2019."

Publisher: CISO MAG | Cyber Security Magazine

Date: 2019-04-24T13:55:50+00:00

Twitter: @cisomag

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FBI and Facebook clash over new surveillance proposal

In an effort to monitor social media platforms for potential threats , the Federal Bureau of Investigation (FBI) came up with a new surveillance proposal last month
As per the new proposal, the FBI is asking third-party vendors to provide monitoring services, which might bring up possible conflicts with Facebook and other social media companies over privacy policies! Japanese exchange resumes activity ...fxstreet.com www.fxstreet.com/.../ japanese ...post - hack -201904230449 The users who lost BTC and BCH were refunded in their original cryptocurrency, however, because of liquidity issues, those who lost MONA in the hack will be repaid 40% in fiat currency and 60% in ...!! It's said that the new surveillance proposal by FBI would clash with Facebook's privacy policies settlement, worth $5 billion, with the U.S. government

Security experts opine that the FBI's proposal would violate the companies' ban against using their data for monitoring purposes! Coincheck's $500m hack changed Japan's regulatory stance ...japan ...The cryptospace in Japan was completely different post-hack and Coincheck has played a huge role in it. In 2017, Japan was recognized as a crypto-friendly nation after famously declaring Bitcoin as a legal form of currency under their jurisdiction, with the government granting licenses to 16 cryptocurrency exchanges.!! Facebook has not yet commented on the new proposal. However, the microblogging service provider Twitter stated that its privacy policies will not allow using its data for surveillance purposes.

Publisher: CISO MAG | Cyber Security Magazine

Date: 2019-08-13T13:47:41+00:00

Twitter: @cisomag

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Bloomberg - Are you a robot?

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Balbix joins hands with Tokyo Electron Device

Cybersecurity firm Balbix recently announced that it has entered into a reseller and distribution agreement with Tokyo Electron Device Limited (TED) to bring AI-based cybersecurity posture transformation to Japan. Founded in 2015, Balbix is a breach controlling platform that aids companies to avoid security threats

The new alliance will offer companies in Japan with access to Balbix's AI-powered platform for an automatic asset, vulnerability discovery, continuous risk assessment, and prioritized mitigation actions. Balbix claims that its security platform discovers and analyzes customers' attack surface to provide accurate visibility of breach risks. The company says that by using Balbix, CISOs and CIOs can transform their organization's cybersecurity posture.

Publisher: CISO MAG | Cyber Security Magazine

Date: 2019-06-06T11:17:24+00:00

Twitter: @cisomag

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Happening on Twitter

https://t.co/96uAtjRvwx Forbes (from New York, NY) Sun Sep 29 19:59:53 +0000 2019