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Global Fintech Series

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The Architecture of Push-to-Card Payments: How Real-Time Transactions Are Processed Globally

  • Push-to-Card Payments revolutionize real-time money transfers and enable instant and borderless transactions.
  • The architecture of push-to-card payments involves payment networks, compliance mechanisms, and security protocols.
  • Key components in the push-to-card payment ecosystem include senders and recipients, payment processors, card networks, financial institutions, and regulatory frameworks.
  • Cutting-edge technologies such as tokenization, AI and machine learning, APIs, and blockchain power push-to-card payments while adhering to compliance and security considerations.

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The Verge

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Google acquires cybersecurity firm Wiz for $32 billion

  • Alphabet, Google's parent company, has announced its largest-ever acquisition, acquiring cybersecurity firm Wiz for $32 billion.
  • Wiz, a fast-growing Israeli-founded startup, provides cloud-based cybersecurity solutions and was previously valued at $12 billion.
  • The deal is pending regulatory approval, and if successful, it will surpass Google's previous largest acquisition of Motorola Mobility for $12.5 billion.
  • Google aims to strengthen its cloud security provisions by incorporating Wiz's expertise and plans to retain Wiz as a multicloud platform.

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Global Fintech Series

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Bluefin and Printec Group Partner to Bring PCI-Validated P2PE to European Retailers

  • Bluefin and Printec Group have formed a strategic partnership to bring PCI-validated P2PE to European retailers.
  • Printec will integrate Bluefin's P2PE solution into its payment offerings, ensuring best-in-class security for European customers.
  • The partnership will begin with a deployment at a global supermarket chain, securing retail payments through Verifone devices.
  • The collaboration strengthens data protection for retailers, reduces compliance costs, and mitigates security risks.

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Tech Radar

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A worrying critical security flaw in Apache Tomcat could let hackers take over servers with ease

  • A deserialization vulnerability on Apache Tomcat servers is being abused in the wild to completely take over affected endpoints.
  • The attack is dead simple to execute and requires no authentication, allowing threat actors to gain full remote access to vulnerable servers.
  • Most web application firewalls (WAF) miss this attack, making it difficult for organizations to detect and prevent the breach.
  • Users are advised to upgrade to the latest versions of Apache Tomcat to fix the security flaw.

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Medium

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What I Will Teach My Kids About Cybersecurity

  • Teach children to keep personal information private online and avoid sharing details like home address and full name.
  • Educate children about online threats and common scams, and encourage them to report any suspicious activity.
  • Teach children to create strong passwords, never share them, and be cautious of cyberbullying.
  • Promote critical evaluation of online content and establish rules for safe usage of online platforms.

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Siliconangle

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VulnCheck raises $12M to boost global expansion of exploit intelligence platform

  • VulnCheck has raised $12 million in new funding to expand its exploit intelligence platform and support international growth.
  • The company provides real-time exploit and vulnerability intelligence to predict attack vectors accurately.
  • VulnCheck's platform autonomously collects data from various channels, offering up-to-date information on vulnerabilities.
  • The funds will be used to enhance the platform and scale go-to-market initiatives for accelerated growth.

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TechCrunch

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Google is buying Wiz for up to $33B to beef up in cloud security

  • Alphabet, Google's parent company, is acquiring cloud security startup Wiz for up to $33 billion.
  • The deal is similar to LinkedIn's acquisition by Microsoft, with Wiz maintaining its autonomy.
  • Google plans to expand Wiz's business and make more acquisitions in the cloud security space.
  • Wiz is generating $700 million in annual recurring revenue and is expected to double it to $1 billion this year.

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Tech Radar

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Standalone identity theft protection from Nord Security is now available

  • Nord Security has made NordProtect a standalone service.
  • US customers can access the service without a NordVPN subscription.
  • The service offers comprehensive identity theft protection and insurance.
  • NordProtect monitors the dark web, offers credit monitoring, and provides insurance against cyber extortion.

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Tech Radar

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Ofcom cracks down on UK tech firms, will issue sanctions for illegal content

  • Ofcom will issue sanctions against tech platforms for failing to remove illegal or harmful content.
  • Online Safety Act updates mean platforms must implement measures to quickly remove illegal material.
  • Fines of up to £18 million could be issued for non-compliance.
  • Scope includes social media platforms, search engines, and user-to-user services with a significant number of UK users.

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Securityaffairs

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GitHub Action tj-actions/changed-files was compromised in supply chain attack

  • The GitHub Action tj-actions/changed-files was compromised, enabling attackers to extract secrets from repositories using the CI/CD workflow.
  • Threat actors compromised the GitHub Action tj-actions/changed-files, allowing the leak of secrets from repositories using the continuous integration and continuous delivery CI/CD workflow.
  • The tj-actions/changed-files GitHub Action is used in over 23,000 repositories, automating workflows by detecting file changes in commits or pull requests.
  • GitHub promptly removed the tj-actions/changed-files Action and users are advised to update to version 46.0.1 and review workflows from March 14-15 for unexpected output in the changed-files section.

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Tech Radar

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Subsea internet cables can now ‘listen’ for sabotage using irregular pulses of light

  • Subsea internet cables can now 'listen' for sabotage using irregular pulses of light.
  • AP Sensing has developed a way to detect disturbances in light pulses traveling through undersea fiber optic cables.
  • The technology can locate potential sources of sabotage or damage and provide insight into vessel's size, location, and direction of travel.
  • The system requires listening stations to be installed on cables, and other companies are also developing novel ways to detect cable sabotage.

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Dev

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How to Prevent Cross-Site Script Inclusion (XSSI) in Laravel

  • Cross-Site Script Inclusion (XSSI) is a security vulnerability that allows attackers to exploit the way browsers handle script inclusions, potentially leading to unauthorized data access.
  • XSSI leverages the browser's ability to include scripts from different origins without enforcing the Same-Origin Policy (SOP). Attackers can exploit this behavior to access sensitive data by tricking the browser into executing malicious scripts.
  • XSSI vulnerabilities in Laravel can lead to unauthorized data access, session hijacking, and data manipulation.
  • To prevent XSSI in Laravel, key steps include setting correct Content-Type headers, avoiding including sensitive data in scripts, implementing Content Security Policy (CSP), validating and sanitizing user inputs, and conducting regular security assessments.

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Hackernoon

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The Internet Is Full of Duplicate Requests—Here’s How Smart Developers Prevent Them

  • Securing requests between frontend and backend is crucial to prevent data leaks, duplicate operations, and service outages.
  • Methods of securing requests include JWT Tokens, HTTPS, CSRF Tokens, Data Validation, Rate Limiting, CORS Policies, and more.
  • Idempotency, ensuring the same result for an operation performed multiple times, is essential to prevent request duplication.
  • Implementing idempotency involves using an Idempotency-Key header to uniquely identify and process requests.
  • Idempotency key generation on the client side should ensure uniqueness, consistency on retries, and independence from random factors.
  • Server-side processing of the Idempotency-Key involves checking for existing keys and storing results with a defined TTL.
  • Implementation in languages like Go simplifies request processing and enhances system resilience.
  • Common mistakes in implementing idempotency include setting a too short TTL, non-unique keys, and caching errors.
  • By incorporating idempotency in unsafe HTTP methods, developers can create more stable and predictable APIs.

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Securityaffairs

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New StilachiRAT uses sophisticated techniques to avoid detection

  • Microsoft discovered a new remote access trojan (RAT), dubbed StilachiRAT, that uses sophisticated techniques to avoid detection.
  • StilachiRAT is a sophisticated RAT designed for stealth, persistence, and data theft.
  • The malware supports functionalities to steal credentials, digital wallet data, clipboard content, and system information.
  • StilachiRAT employs advanced evasion methods and targets cryptocurrency wallet extensions.

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Global Fintech Series

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Resecurity Partners With Union of Arab Banks to Strengthen Cybersecurity and Fraud Prevention Across the Arab Financial Sector

  • Resecurity has partnered with the Union of Arab Banks (UAB) to enhance cybersecurity and fraud prevention in the Arab financial sector.
  • The UAB represents over 330 Arab banking and financial institutions, serving as the largest banking consortium in the region.
  • Through this collaboration, Resecurity and UAB aim to strengthen cybersecurity capabilities and promote advanced threat intelligence solutions.
  • The partnership includes providing UAB member banks with access to Resecurity's comprehensive suite of cybersecurity solutions and fraud prevention platform.

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