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Critical Infrastructure News

China on Friday escalated its crackdown on cryptocurrency trading, issuing a nationwide ban on crypto mining and reiterating that all virtual currencies were considered illegal in the country.

In a joint statement published by China’s central bank, the People’s Bank of China, 10 government agencies vowed to “resolutely clamp down” on the industry in the name of national security and social stability.

“Virtual currency does not have the same legal status as legal currency,” it said, naming cryptocurrencies Bitcoin, Ethereum and USDT. The notice said it was illegal for any overseas exchange to provide trading services to investors in China via the Internet, reiterating regulators’ previous position. Bitcoin shares dropped as much as 5 percent on Friday following the announcement.

Another notice released on Friday by China’s National Development and Reform Commission banned all crypto mining as part of China’s pledges to reduce carbon emissions to meet climate change goals. Bans were previously ordered by individual provinces.

Read more: Washington Post

Several U.S. banks have started deploying camera software that can analyze customer preferences, monitor workers and spot people sleeping near ATMs, even as they remain wary about possible backlash over increased surveillance, more than a dozen banking and technology sources told Reuters. Previously unreported trials at City National Bank of Florida and JPMorgan Chase & Co as well as earlier rollouts at banks such as Wells Fargo & Co offer a rare view into the potential U.S. financial institutions see in facial recognition and related artificial intelligence systems. Widespread deployment of such visual AI tools in the heavily regulated banking sector would be a significant step toward their becoming mainstream in corporate America.

Read further at Reuters

IBM Security’s annual X-Force Threat Intelligence Index uses data derived from across our teams and managed customers to gather insights about the topmost targeted industries every year, helping organizations manage risk and resource investment in their security programs.

When it comes to managing digital risk and facing potential cyberattacks, each industry faces its own unique attack landscape, as different threat actors, motivations, assets and geopolitical events drive adversarial activity in each sector.

To map the most targeted industries, IBM used data insights from 2020 attacks to look at what can be expected in 2021. The data showed finance, manufacturing and energy at the very top of a list of targeted sectors.

Read more: Security Intelligence