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What Is a Hardware Security Module

A hardware security module (HSM) is a dedicated cryptographic processor designed to protect highly critical and sensitive keys and assets. HSMs act as trust anchors that protect the cryptographic infrastructure of some of the most security-conscious organizations in the world. This piece of hardware may look small, but is mighty powerful. It has the ability to securely manage, process, and store cryptographic keys inside its hardened, tamper-resistant shell.

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40 German Banks Apply to Offer Bitcoin and Ethereum Services

The Fifth European Money Laundering directive came into effect January 1st, which updates a fourth EU Money Laundering Directive to include crypto services. The law would allow for the sale and custody of Bitcoin and other cryptocurrencies across the EU, including Germany.

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Hub Security Partners with Seagate Technology Lyve Labs Tel-Aviv

Hub Security is proud to announce its partnership with Seagate as part of its new initiative to explore ways to create safe and secure data management solutions.

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Top 5 Cyber Threats Facing Cloud Security in 2020

More data and applications than ever are moving to the cloud, creating unique infosecurity challenges for both cloud providers and cloud customers alike. In this article, we outline the top 5 security threats organizations face when using cloud services.

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China’s Central Bank Gets One Step Closer to Launching Its Digital Currency

The People’s Bank of China (PBoC) announced last week that the top-level design of its digital currency is finally complete. The digital currency’s next step is to “follow the principles of stability, security, and control,” said Mu Changchun, head of the digital currency research institute at the PBoC.

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Telefonica Pilots Telecom Blockchain Access with 8,000 Spanish Firms

The Spanish telecommunications giant Telefonica recently reported it will launch a new partnership with the local Association of Science and Technology Parks (APTE) to grant 8,000 Spanish firms access to its blockchain.

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Turkish Bank Launches Blockchain Platform for Digital Gold Transfers

Turkey’s Takasbank announced the release of its blockchain-based gold-backed transfer system Dec. 30th. Developed by the Istanbul Clearing, Settlement and Custody Bank, the BiGA Digital Gold trading platform provides banks with a blockchain-based system for the issuance, repayment, and transfer of digitized gold.

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Top 5 Cyber Threats Facing Banks in 2020

With all the cyber threats that exist today, banks are more vulnerable than ever to becoming the next victim of a malicious cyberattack. With the growing list of fintech solutions offered in banking and the most recent Cloud Hopper investigation released by WSJ, 2019 was an early indicator of...

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Illinois Legalizes Smart Contracts and Other Blockchain-based Records

As of January 1st, Illinois’s Blockchain Technology Act took effect, opening the door for the legal use of blockchain-based contracts.

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FBI Warns Against IoT Vulnerabilities

In the not-that-unlikely chance a business’s network is compromised, their entire infrastructure is at risk of exploitation. Gaining access to high-risk digital assets can lead to devastating revenue damages –– which is nothing to take lightly.

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CBDCs Are on the Rise, Are Banks Prepared?

As more investors and businesses turn to the tokenization of digital assets, there’s no stopping the inevitable rise of digital currencies worldwide.

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Happy Holidays!

Happy holiday greetings from Hub Security

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