Adrian

One would like to think that the government agencies in charge of storing some of our nation's most sensitive information would employ the latest and most effective cybersecurity protocols available today. According to a recent report by the Senate Committee on Homeland Security and Governmental Affairs, though, this is sadly not the case. In this damning report, eight federal agencies were shown to have such poor cybersecurity that they received a D grade. Three other agencies, meanwhile, received a C grade, while only one agency - the Department of Homeland Security - was able to earn a [...]

For years, financial institutions have been required to abide by Know Your Customer (KYC) regulations. These regulations require financial institutions to make an effort to verify the identity, suitability, and associated risks of anyone they do business with. While the overall financial market has been abiding by these regulations for some time now, the rapidly emerging cryptocurrency market is still lightyears behind. The same privacy controls that make cryptocurrency so attractive to many people also make cryptocurrency a prime target for money laundering schemes. In 2019 alone, an estimated $3 billion was laundered through cryptocurrency exchanges. [...]