Posted inGaming, Government

AMLC urges banks to monitor play-to-earn game transactions more diligently

Electronic money institutions and banks should scrutinize more closely transactions involving cryptocurrencies from play-to-earn video games, according to the Anti-Money Laundering Council (AMLC). In a Viber message shared by BusinessWorld, AMLC Executive Director Mel Georgie B. Racela said that these firms should “conduct customer due diligence,” and file suspicious transaction reports should they suspect any […]

Posted inSpotlight, Tech News

Hackers exploit Spring4Shell vulnerability to spread Mirai malware

The Spring4Shell vulnerability was discovered in the Spring Framework, which is used for developing enterprise-level applications in Java. A few days since then, experts have found evidence that the vulnerability is being actively abused by hackers to spread Mirai, a malware that mainly targets Internet of things (IoT) devices. As observed by Trend Micro researchers, […]