SCOTT D. CLARY

💻 91% of Bait Attacks Aimed at Gmail, States Barracuda Report

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91% of Bait Attacks Aimed at Gmail, States Barracuda Report

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Barracuda recently released a report on the state of bait attacks. The report states that 35% of organizations fell victim to bait attacks.

On an average, three employee emails were affected by the bait attacks. By bait attacks, we are referring to the threats that aim to collect personal information of the targeted user.

What a bait attack does is that it verifies if the email ID is still in use or not. If it becomes clear that the email ID is currently in use, further attacks may be carried out to collect more information from the user.

The usual phishing detectors fail to verify these bait emails, as such emails come from reputed email providers.

Report: 59% of B2B Firms say “No” to Crypto Payments

A recent report from PaymentsNext states that B2B crypto payments are still far from gaining momentum. The survey report was prepared after compiling responses of 269 finance professionals.

In the survey, only 2% of B2B businesses said they accept crypto payments, while 59% of B2B businesses have no plans for it. On the other, 39% of B2B businesses have plans to accept crypto payments soon.

As for the most favored payment methods that B2B businesses prefer in the survey, checks were at the top with 77% of B2B businesses preferring it.

Mexican Fintech Startup Stori Card Raises $125M

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A total of 200 million people are unbanked & undeserved in Latin America, with 50 million small businesses in the region searching for digital banking services.

To serve this huge market, Stori Card raised $125 million Series C recently. This was one of the largest funding rounds raised by a Latin American startup.

Stori Card is already seeing phenomenal success in the Mexican market, as the fintech company saw over 2 million users apply for its card. It posted a 10X growth in a year.

The funding round was co-led by GIC, a growth-stage investor, and GGV Capital, a global venture capital firm.

Other companies to participate in Stori Card’s Series C funding round were General Catalyst, Goodwater Capital, and Tresalia Capital.

Indian Government may put a Stop to What it Sees as “Irresponsible” Crypto ads

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The number of crypto-related ads has increased considerably recently, as Indian crypto exchanges aim to onboard millions of new customers in the country. But the government may put a stop to these ads.

As per the memo that underlines that communication between the Indian prime minister Narendra Modi and other stakeholders, it’s obvious that the government feels strongly against these crypto ads.

The Indian government feels that these ads fail to highlight the extremely volatile nature of cryptocurrencies and instead focus on exorbitantly high profits.

Recently, some of India’s largest cryptocurrency exchanges, CoinDCX & CoinSwitch Kuber, have started advertising cryptocurrencies aggressively on various platforms, including television and social media.

These ads have attracted strong criticism on social media platforms like Twitter, which must have caught the attention of government officials.

Around the Web

🎮 Gaming Startup Playtertainment Secures $5M in Funding: Combining the classic skill games with mobile technology, Playtertainment is leveraging nostalgia around arcade games to attract scores of users. To achieve its mission, the startup recently raised $5 million in funding. With this, Playtertainment’s total funding has touched $8 million.

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