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![[UPDATED] SIM Swap Fraud: AT&T Sued for $224 Million After Phone Hackers’ $24 Million Crypto Hack](https://i0.wp.com/www.bgp4.com/wp-content/uploads/2018/08/ATT-24-m-hack.png?resize=840%2C300&ssl=1)
“law enforcement has even confirmed that AT&T employees profited from working directly with cyber terrorists and thieves in SIM swap frauds“ [UPDATED 22 AUG 2018 – ARREST MADE … scroll down] Michael Terpin is suing AT&T [aka formerly SBC], claiming the company’s failure to protect his cellphone data led to hackers stealing $24 million…
Coinbase wants to be Facebook Connect for crypto. The blockchain giant plans to develop “Login with Coinbase” or a similar identity platform for decentralized app developers to make it much easier for users to sign up and connect their crypto wallets. To fuel that platform, today Coinbase announced it has acquired Distributed Systems, a startup…
The state-owned China Aerospace Science and Industry Corporation Ltd. is turning to blockchain technology to innovate its unwieldy electronic invoice system, according to an announcement republished on a government site August 13. The article, from official state newspaper People’s Daily, was posted yesterday by the State Administration of Science, Technology and Industry for National Defence…
“Hack the Marine Corps allows us to leverage the talents of the global ethical hacker community” — Maj. Gen. Matthew Glavy, Commander of the U.S. Marine Corps Forces Cyberspace Command The U.S. Department of Defense on Monday announced the launch of “Hack the Marine Corps,” the Military’s sixth bug bounty program. Similar to previous…
“the astonishing fact is that this botnet was, inadvertently, performing brute-force attacks against SATCOM modems located onboard an in-flight aircraft” A researcher has discovered that hundreds of airplanes from several airlines could have been hacked remotely from the ground through vulnerabilities in satellite communications systems. Back in 2014, IOActive Principal Security Consultant Ruben Santamarta…
Foreshadow: New Speculative Execution Flaws Found in Intel CPUs Researchers and several major tech companies on Tuesday disclosed the details of three new speculative execution side-channel vulnerabilities affecting Intel processors. The flaws, tracked as Foreshadow and L1 Terminal Fault (L1TF), were discovered independently by two research teams, who reported their findings to Intel in January,…
A blockchain startup wants to raise nearly $100 million dollars to create a new form of fantasy football. Called the Crown League, the project’s owner told CoinDesk on Tuesday that it seeks to form a professional fantasy football league, with 12 teams initially, which will collectively be owned by fans via the platform’s crypto tokens.…
The Communist Party of China (CPC) has recently released a primer on blockchain technology and its possible applications, according to an official press release on the CPC website August 13. According to the statement, the book by China’s Communist Party provides a scientific description of key blockchain features, its origin, future application scenarios, as well as…
Chinese officers destroy seized drugs in June, 2018 Privacy concerns, cultural differences fuel skepticism about this approach in other settings Dozens of cities across China are applying an unusual forensic technique to monitor illegal drug use: chemically analysing sewage for traces of drugs, or their telltale metabolites, excreted in urine. One southern city, Zhongshan,…
(LOL, and Hedgefund Elliott told me once, it is “too small” for them – see below) UPDATED 22 AUG 2018: vague and misleading statements by Bitmain? scroll down. UPDATED 04 SEP 2018: investment co Temasek also denies involvement in Bitmain IPO (scroll down) 12 AUG 2018 Bitmain Technologies, Ltd. is about to go public.…
To the delight of everyone, this year’s official DEF CON badge is an electronic badge chock full of entertainment. Of course there is blinky, the board is artistic, and everyone hopefully maybe gets one (it’s rumored 27,000+ were manufactured) if they don’t run out. But the badge contest at DEF CON is legendary — solve…
Competition With Traditional Payments: the technology might allow the cryptocurrency to leapfrog the card networks PayPal 2.0? That may have been a rallying cry for early bitcoin believers who saw the cryptocurrency as a superior form of payment, but excitement tapered off as bitcoin ran up against technical limitations. Yet, the idea may now be…
X-Force Red: Team of veteran hackers testing the security of consumer and industrial Internet of Things (IoT) technologies, automotive equipment, and Automated Teller Machines (ATMs) IBM’s X-Force Red, a team of veteran hackers focused on finding security vulnerabilities in devices and systems, now has four new labs to work in. The new network of…
Nation-state attacks against the critical infrastructure of an adversary state are effectively military operations; and military operations are planned with incredible detail. A security firm established a sophisticated honeypot masquerading as a power transmission substation for a major electricity provider. The purpose was to attract attackers and analyze how they operate against the energy…
2013 – 2018
Bitcoin (BTC) mining firm Bitmain will build a $500 million blockchain data center and mining facility in Texas as part of its expansion into the U.S. market, the company revealed in a press release August 6. Bitmain, which is valued at around $12 billion after its early July funding round, is also reportedly looking to…
U.S. troops serving overseas will be able to use a smartphone app based on blockchain technology for casting federal election ballots in West Virginia this November, CNN reports August 6. The mobile voting platform, Voatz, employes facial recognition software to ensure that each voter matches their government-issued identification. CNN notes that the West Virginia will…
Researchers have uncovered a huge botnet that mimics legitimate accounts on Twitter to spread a cryptocurrency “giveaway” scam. As reported by ITPro, the discovery was made during a research effort by Duo Security that looked at 88 million Twitter accounts from May to July and used machine learning to identify bots, malicious or otherwise, on the social…
Workers prepare the Air Force’s third Advanced Extremely High Frequency satellite for launch Sept. 12, 2013, near Cape Canaveral Air Force Station, Fla. The space vehicle was encapsulated into its fairing Aug. 27, 2013, before being mated to an Atlas V rocket. It was scheduled to launch Sept. 18, 2013. AEHF is a joint-service system…
The Department of Defense’s 10-year-old cyber war-fighting outfit is facing growing pains despite a concerted effort by the Pentagon to make cyber a higher priority. Sources speaking to Fifth Domain described a two-pronged problem with staffing shortfalls at U.S. Cyber Command’s headquarters, as well as the headquarters elements of the four service cyber components. These…
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