Monday, 11 June 2018


Cryptocurrencies Lose $US42b after South Korea Bourse Hack

The 2018 selloff in cryptocurrencies deepened at the weekend, wiping out $US42 billion of market value and extending this year's slump in Bitcoin to more than 50 per cent.

Link: The Australian Financial Review



Will Cardano [ADA] be Affected by the New Canadian Regulatory framework?

"Well thanks, Canada," says the CEO of IOHK, the owner of the product Cardano [ADA] as he came across the news stating that the Canadian government has declared cryptocurrency businesses to be regulated. As per the Canadian government's new move, all businesses that are involved in digital currency dealing will now be regulated as Money Services Businesses [MSBs].

Link: AMB Crypto



Verge (XVG) Loses Over $1 Million in a Recent Hack

At first glance, the attack can be seen as an attempt to disrupt the transactions by overloading the network. It goes without saying that the DDoS attack was used to stop other people from accessing resources within the blockchain. In what can be considered a massive hacking incident lasting a couple of hours, XVG has lost more than $1.7 million. Tracing the recent developments of Verge, a similar attack was reported last month, wherein over 25,000 XVGs were stolen.

Link: Global Coin Report



Catching Up on the New Breed of Digital Extortion

Digital extortion, defined as the act of coercing an individual or organisation into paying money in exchange for stolen cyber assets, has been predicted by many cybersecurity experts as a threat that will continue to grow rampant. Digital extortion is cheap and easy to commit. Its victims also tend to pay up without involving the police. Therefore, digital extortion has since evolved into the most successful criminal business model in the current threat landscape.

Link: Security Brief Asia



Holes Punched in Hull of Maritime Security

Infosec Europe Years-old security issues mostly stamped out in enterprise technology remain in maritime environments, leaving ships vulnerable to hacking, tracking, and worse.

Link: The Register



Dragonfly: How Britain's Energy Sector was Hacked

Last June, on the day the British public went to the polls in the 2017 general election, the country's energy system was hit by a major cyberattack.

According to a leaked memo from spy agency GCHQ, companies across the sector were compromised by hackers.

Link: Unearthed




Note to Subscribers

As a subscriber to Smart Card News we currently send you the latest industry news together with carefully selected industry events and updates.

We do not share your data with any third parties. However, due to changes in the law (GDPR) from May 2018, we need to confirm you are happy for us to continue to hold your details. If you DO NOT wish to continue to receive mailings from us you can unsubscribe at any time by:- emailing us at info@smartcard.co.uk or click Unsubscribe

Please note, if you do not unsubscribe, we will take that as confirmation that you are happy to receive future mailings from us.

Smart Card News Limited, Gratwicke House, 10 East Street, Littlehampton, West Sussex, BN17 6AW, Registered in England 2728296.

Important Information

From time to time, this news service may include industry forecasts and forward looking statements made by the companies concerned. Readers should be advised that Smart Card News Ltd cannot be held responsible for decisions and/or actions taken by readers of our news service, based on the information provided. This news is only to be distributed to persons/companies who have a contract with Smart Card News Ltd. Unless your company has gained a licence and/or written permission from Smart Card News, the contents of this news page are not to be forwarded to any other person or server. Any replication by any means without prior permission is illegal and action may be taken. If you receive this online news from a forwarded source please contact the team at Smart Card News Ltd. It is illegal to replicate this online news.

Email: info@smartcard.co.uk
Tel: +44 (0)1903 723 548