Good day, Community! Let's take a look at last week's news highlights!
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The United States Treasury Department on Friday announced sanctions against three state-sponsored North Korean hacking groups for conducting several destructive cyberattacks on US critical infrastructure.
Besides this, the hacking groups have also been accused of stealing possibly hundreds of millions of dollars from financial institutions around the world to ultimately fund the North Korean government's illicit weapons and missile programs.
The three North Korean hacking groups in question are the well-known Lazarus Group, and its two sub-groups, Bluenoroff and Andariel.
The sanctioning of the three groups are the latest efforts of the US government to hold North Korean hackers accountable for cyber attacks and to protect US financial systems and critical infrastructure against cyber threats.
If you have ever shared your Google Calendars, or maybe inadvertently, with someone that should not be publicly accessible anymore, you should immediately go back to your Google settings and check if you're exposing all your events and business activities on the Internet accessible to anyone.
Since Google doesn't notify the creator of a public Calendar when someone accesses it or adds an event to it, the feature makes it harder for users to know if they are exposing information unintentionally and are even open to spammers and phishers as well.
Besides this, there's also no graphical indication on the Calendar interface from where users can get a hint that they had made that Calendar public and should stop adding personal events to the same.
The Turkish government has announced plans to establish a national blockchain infrastructure to utilize distributed ledger technology (DLT) in public administration.
The Ministry of Industry and Technology set out its vision during its Strategy 2023 presentation on Sept. 18 in Ankara.
Strategy 2023 emphasizes blockchain and DLT as priorities for the coming year. The document refers to a Startup Genome survey that marks blockchain as one of the fastest-growing tech trends, with a 101.5% increase in early stage startup funding globally.
The Strategy 2023 document says a new open-source platform for blockchain will be established in Turkey. This initiative will analyze different use cases such as land registration, academic certificates and customs to determine potential public sector applications.
The Ministry of Industry and Technology is also planning to work with Turkish regulators to create a regulatory sandbox for blockchain applications.
Saturday, Sept. 14 — The top 20 cryptocurrencies were reporting mixed movements on the day while Bitcoin’s (BTC) price hovered over the $10,300 mark.
Bitcoin trading is opening new avenues for citizens in communist-run Cuba, which has been financially isolated for years under a United States trade embargo. According to a recent report, Cubans are increasingly using cryptocurrencies to make online purchases, as well as to invest and trade.
JPMorgan’s blockchain-based payments initiative has added Deutsche Bank as its latest member.
The addition brings the total number of banks signed up for the Interbank Information Network (IIN) to 320, according to a report from the Financial Times on Sunday.
Announced in October 2017, IIN is built on Quorum, the ethereum-based blockchain network developed by the banking giant, and employs a stablecoin dubbed JPM Coin. JPMorgan said at the time that the platform would slash the time and costs required when resolving interbank payments delays.
IIN saw the start of remittance trials with JPMorgan’s client banks in June.
As per the FT report, the bulk of the member banks use JPMorgan to process USD payments. Deutsche Bank, though, ranks number one globally for clearing of euro-denominated payments.
Takis Georgakopoulos, managing director of treasury services at JPMorgan, told the newspaper that, since IIN would have “very big natural limitations” if IIN members were only drawn from the bank’s client pool, the addition of Deutsche Bank “is going to help us drive towards ubiquity.”
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