Daily Insights (Wednesday)

Jun 7, 2018

Hypothekarbank Lenzburg has become the first bank in Switzerland to provide business accounts to blockchain and cryptocurrency companies. 

While Falcon Private Bank has provided crypto asset    management services since last year, Hypothekarbank  Lenzburg CEO Marianne Wildi confirmed that they are  first bank in the country to open company accounts for  blockchain and crypto-related fintech companies. Wildi  said:

“As a bank that sets itself up technologically and pursues a cooperative strategy in the field of fintech, it is also a matter of credibility to work together with the young sector of crypto and blockchain companies in Switzerland”.

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The GuardiCore security team has discovered a malicious traffic manipulation and cryptocurrency mining campaign. The campaign infected over 40,000 machines across various industries, including finance, education, and government.

The campaign called Operation Prowli used various techniques like exploits and password brute-forcing to spread malware and take over devices, such as web servers, modems, and Internet-of-Things (IoT) devices. GuardiCore found that the attackers behind Prowli were focused on making money rather than ideology or espionage.

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