Wakweli and Polygon Partner for NFT Authentication

Web3 protocol Wakweli has partnered with layer-2 scaling platform Polygon to offer certification of authenticity for NFTs. The partnership will allow all digital assets on Polygon to be compatible with Wakweli's certification system, enhancing the security of the digital ecosystem. Wakweli's testnet will be available in April, with alpha testing with Polygon's mainnet set to begin in Q2 2023. (Read More)

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sAxess Biometric Card Launches in Dubai, Pioneering Secure Digital Transactions

Serenity and IDEMIA partened to launch the sAxess Biometric Card, offering a next-generation payment and identity verification solution.

The post sAxess Biometric Card Launches in Dubai, Pioneering Secure Digital Transactions appeared first on Crypto Breaking News.

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Google's Authenticator Update Raises Security Concerns

Google has released an update to its Authenticator app that allows users to store a one-time code in cloud storage. While this may help users who lose their authenticator app, it also makes them more vulnerable to hackers, who can gain access to the user's Google password and subsequently obtain full access to their authenticator-linked apps. Cybersecurity experts have also warned of complications that come with Google's cloud storage-based solution to two-factor authentication (2FA), raising concerns about security. (Read More)

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The danger with Google’s new cloud backup for 2FA authenticator

Google’s new 2FA authenticator update could leave users vulnerable to single-point hacks and “SIM swapping” scams.

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GCash Introduces DoubleSafe: Enhanced Security with Selfie Scan & OTP Authentication

Discover GCash's new DoubleSafe feature, offering extra security through selfie scans and OTP authentication to protect users' accounts and transactions.

The post GCash Introduces DoubleSafe: Enhanced Security with Selfie Scan & OTP Authentication appeared first on BitPinas.

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2022: The Year Crypto Hacking Reached an All-Time High with $3.8 Billion Stolen

In 2022, crypto hacking reached an all-time high, with hackers stealing a staggering $3.8 billion from cryptocurrency businesses, with DeFi protocols being the main victims. This article highlights the magnitude of the problem and the need for better security measures in the crypto industry.

<p>The post 2022: The Year Crypto Hacking Reached an All-Time High with $3.8 Billion Stolen first appeared on CCNC.</p>

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Swindlers are Using OTP Bots to Wipe Clean Crypto Accounts

Be cautious of fraudsters are becoming sophisticated by the day, with their latest tool being one-time password (OTP) bots used to wipe out cryptocurrency accounts. (Read More)

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Crypto.com Confirms $34M Hack Without Explaining Cause

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Binance Faces GitHub Data Leak

Binance has reported a significant data breach, revealing internal code, passwords, and security protocols on GitHub. Despite initial security concerns, the company is taking legal action against the responsible individual. (Read More)

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MultiversX launches on-chain two-factor authentication standard

Two-factor authentication (2FA) is a tried and tested online security measure, and the technology is now being used as an additional transaction signing measure on MultiversX’s blockchain protocol. MultiversX CEO Beniamin Mincu unpacked the protocol’s new guardian service in conversation with Cointelegraph. The feature makes use of Google Authenticator, Authy, Duo, Microsoft Authenticator or biometrics [...]

The post MultiversX launches on-chain two-factor authentication standard appeared first on Crypto Breaking News.

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eBay Acquires AI-Powered Digital ID Prvoder Certilogo

eBay Inc., a global commerce leader, has announced the completion of its acquisition of Certilogo, an AI-powered provider of digital IDs and authentication for apparel and fashion goods. This move is set to bring new, 'Secure by Design' digital ID technology to eBay's fashion category, expanding opportunities in the circular economy. (Read More)

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How to protect your identity online

Strategies like using strong passwords, enabling 2FA, avoiding phishing, using VPNs, keeping software up-to-date and using reputable antivirus may help one against online fraud.

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AI deepfake tool on new level at bypassing crypto exchange KYC: Report

The new AI-powered tool, customized specifically to target crypto exchanges and financial platforms represents a new level of sophistication in fraud, says cybersecurity firm Cato. 

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Taj Quantum Utilizes Blockchain in Authentication Systems, Awarded Patent for Groundbreaking Type II Superconductor

Taj Quantum was awarded a patent for a Type II Superconductor and utilizes blockchain for authentication systems, as announced on July 31, 2023. (Read More)

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