Security news-Page 38
Tel Aviv Stock Exchange to Launch Blockchain Securities Platform
The Tel Aviv Stock Exchange (TASE) plans to launch its blockchain-based securities lending pool in November. In an announcement on July 28, TASE said the platform will serve an essential function in the country’s capital markets, which currently lack a central system for securities lending. Contrary to the current set-up —— which fails to meet the needs of investors, in TASE’s view — the new blockchain-based system will concentrate all securities lending activities under one roof and enable direct borrowing among investors across a range of major financial instruments. Tried and tested In March of this year, TASE launched a …
Adoption / Aug. 3, 2020
Cryptojacking Attacks Are Seriously Underestimated, Says BlackBerry VP
Cryptojacking attacks are both an internal and external threat, as the hacking groups are getting more organized in attempts to exploit vulnerabilities in the networks. However, there are also cases where some admins use valid entitlements to make money from illegally mining crypto using the firm’s network resources, and many organizations “don’t have great visibility” about it, says Josh Lemos, VP of research and intelligence at BlackBerry. Lemos told Cointelegraph that a crypto mining software is not necessarily malicious but rather opportunistic utilizing compute resources for monetary gain, "although you often find it paired with malicious software,” and it’s also …
Blockchain / Aug. 1, 2020
Noncustodial Technology and Security Is the Inevitable Future
In an increasingly digital world, security is a high-stakes game. The identities of customers along with their privacy and financial information are all in the hands of centralized security systems. We are reliant on these systems, and even though security plays a critical role in our lives, we rarely stop to think about the consequences of these systems failing us. Yet those who trade financial assets like cryptocurrencies think about these consequences all the time. Why? The risk of violations of our financial sovereignty coupled with the potential of theft without an option to recover are two big reasons why …
Decentralization / July 31, 2020
Raising the Security Bar? Dash Claims a 51% Attack Is Not Enough
Dash recently claimed it had been the world’s safest cryptocurrency for a year due to its innovative technology called ChainLocks that allegedly makes a 51% attack nearly impossible. Fully implemented in early July 2019, ChainLocks has not yet seen any protocol capable of matching it — according to the Dash Core team. Well-known Bitcoin (BTC) educator Andreas Antonopoulos recently suggested that with the Bitcoin blockchain, a 10-minute 51% attack would cost around $1 billion — something that sounds unrealistic to achieve. But what makes Dash’s ChainLocks blockchain supposedly more secure, and what is the importance of this technology for the …
Blockchain / July 30, 2020
Data Breach at Crypto Wallet Firm Ledger Exposes User's Personal Info
Major cryptocurrency hardware wallet provider Ledger has alerted customers to a data breach it faced in June and July. In an email on July 29, the company said it was made aware of the breach on July 14 when a researcher participating in its bounty program reached out with details of a potential vulnerability on their website. While they were able to fix the breach immediately, a further investigation by the team found that an authorized third party carried out a similar action on June 25. The individual used an API key to access the marketing and e-commerce database the …
Technology / July 29, 2020
Regulatory Clarity Leads to Surge in Institutional Crypto Investors
Ciara Sun, head of global markets at Huobi Group, took part in a Cointelegraph China Great Bay Area International Blockchain Week pre-event interview on July 27. She stressed that although security and lack of infrastructure services might be the biggest hurdle for the crypto industry, more clarity in regulation across the globe has led to a great surge in institutional crypto investors. Systemic risks in crypto market infrastructure The biggest risk in the digital asset space, according to Ciara Sun, is hacking. She stressed that while hacking doesn't typically lead to massive losses in traditional financial markets, the decentralized nature …
Bitcoin / July 28, 2020
Bitcoin Giveaway Scam Hits Popular Indian Youtuber
Ajey Nagar, a Popular Indian YouTuber with 6.7 million subscribers, is the latest victim of the ongoing BitCoin giveaway scam on Youtube. The hack happened on Nagar’s second Youtube channel- CarryisLive where he streams himself playing video games with YouTubers and celebrities. Two Bitcoin giveaway scam promotional videos were reportedly posted on the channel. Both videos displayed bitcoin addresses. One of the videos also featured an image of SpaceX and Tesla CEO Elon Musk supposedly giving away Bitcoin. The scammers were promising to double the Bitcoin sent to them. By press time, Ajey Nagar announced that his Youtube channel is …
Bitcoin / July 26, 2020
Who’s Afraid of Security Tokens? STO Ecosystem Starts to Deliver on 2018 Hype
The general hype circa 2018 proclaimed security tokens as crypto’s killer app. After Bitcoin fell from its $20,000 peak in December 2017, some of the more revolutionary promises of cryptocurrencies had lost their luster — especially after the subsequent collapse of the altcoin market and the mayhem of initial coin offerings. Security token offerings, or STOs, on the other hand, were billed as a more manageable, if still extreme, way of upgrading the dusty old financial systems that back equity trading. A revolution from within finance. Two years later, and that revolution in stocks and bonds has yet to happen …
Regulation / July 25, 2020
Tron Obstructed Legitimate Attempts to Claim Its $1 Million Twitter Hack Bounty
There is more to Tron’s bounty on the Twitter hackers than the company is willing to talk about. An anonymous source contacted this Cointelegraph reporter, asking to be put in touch with Tron to collect the company’s $1 million bounty for identifying the people responsible for last week’s Twitter hack. Cointelegraph extended the courtesy of connecting this source with Tron after examining the highly credible evidence that was on offer. It was surprising to then observe Tron representatives make every excuse to avoid a source who had come forward with legitimate information about the hack the company claimed it wanted …
Altcoin / July 25, 2020
A Deep-Dive Into Some of the ZERO Wallet's Advanced Security Features
From its initial announcement back in April to the $430,000 raised in the recently completed crowd-sale, the NGRAVE ZERO has created huge buzz in the crypto community. Billed as the most secure hardware wallet available, the permanently air-gapped ZERO is the first to gain a top security rating of EAL7. But the devil is in the details so they say, so while waiting for the first units of the device to ship, Cointelegraph asked NGRAVE CEO Ruben Merre to explain just how one goes about making the “most secure hardware wallet in the world.” Necessity is the mother of invention …
Technology / July 24, 2020
More Than 1,000 People Could Access Twitter’s ‘God Mode’
More than 1,000 Twitter employees and contractors had access to the internal admin panel that enabled last week’s Twitter hack of 130 high profile accounts. According to Reuters on July 24, two former employees have shed light on just how vulnerable Twitter’s security was — and may still be. They said that, in addition to employees, contractors like Cognizant could also have access. Former chief security officer at AT&T Edward Amoroso, told Reuters that such powerful controls should not be available to so many people. “That sounds like there are too many people with access,” he said, adding that staff …
Technology / July 24, 2020
tZERO Platform Sees 1,500% Growth, Lists ASPEN Token
Leading security token exchange tZERO has partnered with Aspen Digital Inc. to enable trade for Aspen’s digital security. The ‘ASPEN’ token, previously dubbed ‘Aspen Coin’, represents $18 million worth of indirect ownership in the St. Regis Aspen Resort — a five-star, 179-room hotel situated in Colorado. ASPEN’s listing on tZERO comes as the popularity of real estate tokens continues to show steady growth. RealT hosts 17 real estate token offerings Aspen Digital’s August 2018 token sale was widely considered to be the first real estate security token offering, with the firm issuing 1.675 million shares at $20 each. While the …
Business / July 23, 2020