What is Dollarization?
What Is Dollarization? Dollarization is when the U.S. dollar is used in addition to or instead of the domestic currency of another country. It is an example of currency substitution.…
U.S. DEPARTMENT OF THE TREASURY
Role of the Treasury The U.S. Department of the Treasury’s mission is to maintain a strong economy and create economic and job opportunities by promoting the conditions that enable economic…
The Fed announces 4th consecutive ‘jumbo’ interest rate hike of 75 basis points—here are 4 things that will be more expensive
Struggling to dampen inflation, the Federal Reserve announced a widely expected fourth consecutive “jumbo” 0.75 percentage point rate hike on Wednesday. While raising interest rates can slow inflation by making…
What is hyperinflation, and should we be worried?
The last time inflation levels were this high in the US and Europe, flared trousers were in, roller discos were all the rage, and no one had heard of Steve…
US Airports’ sites taken down in DDoS attacks by Pro-Russian Hackers
The pro-Russian hacktivist group ‘KillNet’ is claiming large-scale distributed denial-of-service (DDoS) attacks against the websites of several major airports in the U.S., making them inaccessible. The DDoS attacks have overwhelmed…
Ukraine’s IT army: Who are the cyber guerrillas hacking Russia?
In an unprecedented move, Ukraine’s digital transformation minister has called for cyber volunteers around the world to attack targets with links to Russia. Thousands have answered his call. Who are…
The Uber Data Breach Conviction Shows Security Execs What Not to Do
UBER’S FORMER CHIEF Security Officer (CSO), Joe Sullivan, was found guilty this week of actively hiding a data breach from the US Federal Trade Commission (FTC) and concealing a felony.…
Russian Sandworm Hackers Impersonate Ukrainian Telecoms to Distribute Malware
New findings show that a threat cluster linked to the Russian nation-state actor tracked as Sandworm has continued its targeting of Ukraine with commodity malware by masquerading as telecom providers.…
Ukraine is under attack by hacking tools repurposed from the Conti cybercrime group
Researchers from Google and IBM see an unprecedented blurring of lines. Financially motivated hackers with ties to a notorious Conti cybercrime group are repurposing their resources for use against targets…
Cryptocurrency Regulations Around the World
The growth of cryptocurrency from speculative investment to a new asset class has prompted governments worldwide to explore ways to regulate it. Below, we summarize the current digital currency regulatory…