By Michael Menapace, Esq., Wiggin and Dana LLP When I first wrote here about insurance coverage related to cryptocurrency theft, I discussed whether these digital assets were securities (as suggested by the SEC) or property (as suggested by the IRS) and how that might impact insurance coverage under a typical homeowners policy. I also discussed whether … Read more
A federal grand jury has indicted a 51-year-old church pastor on 26 counts of fraud, after allegedly using his position to deceive victims into investing in a cryptocurrency investment scam. That in itself would seem unusual, but what is even more bizarre is that the the pastor alleged to be behind the scheme claims that … Read more
Jan 13, 2025Ravie LakshmananVulnerability / Cloud Security A recently disclosed critical security flaw impacting the Aviatrix Controller cloud networking platform has come under active exploitation in the wild to deploy backdoors and cryptocurrency miners. Cloud security firm Wiz said it’s currently responding to “multiple incidents” involving the weaponization of CVE-2024-50603 (CVSS score: 10.0), a maximum … Read more
So, I’ve already talked about payments, technology and mentioned cryptocurrencies but, this year, crypto deserves its’ very own singular entry. Cryptocurrencies are huge in 2025. This is not only because Donald Trump and Elon Musk will do their utmost to make America the Crypto Capital, but because – after sixteen years – cryptocurrencies are coming … Read more
I got a whole load of payments predictions for 2025 … just a shame that it was no one paying me! Seriously though, a lot of people shared a McKinsey report that focuses upon this area, released around Sibos 2024, that opens with: “The tantalizing vision for global payments has long been that they’d be safe, … Read more
