ICOs | Breaking Cybersecurity News | The Hacker News

Again some bad news for cryptocurrency users. KICKICO, a blockchain-based initial coin offering (ICO) support platform, has fallen victim to a suspected cyber attack and lost more than 70 million KICK tokens (or KickCoins) worth an estimated $7.7 million. In a statement released on its Medium post on July 26, the company acknowledged the security breach, informing its customers that an unknown attacker managed to gain access to the account of the KICK smart contracts and the tokens of the KICKICO platform on last Thursday at around 9:04 (UTC). KICKICO admitted that the company had no clue about the security breach until and unless several of its customers fell victim and complained about losing KickCoin tokens worth $800,000 from their wallets overnight. However, after investigating, the company found that the total amount of stolen funds was 70,000,000 KickCoin, which, at the current exchange rate, is equivalent to $ 7.7 million. KICKICO reported that suspected attackers

China's central bank today announced an immediate ban on all ICO—Initial Coin Offering—fundraising, to prevent fraud and illegal fundraising. ICO is the hottest new thing in the blockchain world, which is an alternative to crowdfunding that lets a firm raise funding from multiple sources. The People's Bank of China (PBoC), the country's central bank and financial regulator, has issued an official notice on Monday, forbidding "all types of currency issuance financing activities" that have "seriously disrupted the economic and financial order." This PBoC's bold move has been backed by many other Chinese government administrators and regulators including the China Securities Regulatory Commission, China Insurance Regulatory Commission and the Ministry of Industry and Commerce, and China Banking Regulatory Commission. This move marks the end of an era of ICO fundraising in China. The regulator claims that ICOs are being misused for "

As a vCISO, you are responsible for your client's cybersecurity strategy and risk governance. This incorporates multiple disciplines, from research to execution to reporting. Recently, we published a comprehensive playbook for vCISOs, "Your First 100 Days as a vCISO – 5 Steps to Success" , which covers all the phases entailed in launching a successful vCISO engagement, along with recommended actions to take, and step-by-step examples.  Following the success of the playbook and the requests that have come in from the MSP/MSSP community, we decided to drill down into specific parts of vCISO reporting and provide more color and examples. In this article, we focus on how to create compelling narratives within a report, which has a significant impact on the overall MSP/MSSP value proposition.  This article brings the highlights of a recent guided workshop we held, covering what makes a successful report and how it can be used to enhance engagement with your cyber security clients.