Wednesday, 11 July 2018

Hackers Stole $18.2 Million from Cryptocurrency Exchange Bancor

Bancor, an Israeli startup and decentralized cryptocurrency trading platform, lost approximately $US13.5 million in virtual currency on Monday.

According to Bancor, hackers compromised a wallet; then used the compromised wallet to steal three cryptocurrencies, comprising 24,984 in Ethereum tokens, (approximately $US12.5 million), 229, 356, 645 NPXS (approx. $US1 million) and 3,200,00 of Bancor's own token BNT (approx. $US10 million).

Link: Business Insider

Scottish Experts Team up with Censis to Evaluate Cybersecurity Risks to IoT Devices

The experts from Edinburgh Napier University and US electronics manufacturer Keysight Technologies are working on a new project to assess the vulnerabilities of Internet of Things (IoT) devices to cyber-attacks.

The new cybersecurity drive is supervised by Professor Bill Buchanan from Edinburgh Napier. "The biggest thing holding back the development of the IoT is security, specifically; concerns about the vulnerabilities of devices, the ease of hacking them, and the consequences of such hacks.

Link: CISO Mag

Shipments of NFC-ready POS Terminals Reached 24.7 Million in 2017

According to a new research report from Berg Insight, the market for NFC-ready POS terminals continued to show strong momentum in 2017 with annual shipments reaching an estimated 24.7 million units worldwide.

Link: Berg Insight

Facebook Faces GBP 500,000 Fine from UK Data Watchdog

The UK's data protection watchdog intends to fine Facebook GBP 500,000 for data breaches - the maximum allowed.

The Information Commissioner's Office said Facebook had failed to ensure another company - Cambridge Analytica - had deleted users' data.

The ICO will also bring a criminal action against Cambridge Analytica's defunct parent company SCL Elections.

Link: BBC News

Chinese State-Linked Hackers in Large Scale Operation to Monitor Cambodia's Upcoming Elections

Over the past few months, numerous rights groups, reporters and Cambodia observers have reported seeing a large spike in phishing messages and hacking attempts. Now a report from a leading U.S. cybersecurity firm suggests such cases may be linked to a large scale operation from a Chinese cyber espionage group seeking to monitor the country's upcoming and contentious July 29 national elections

Link: Yahoo News

Germany's Finance Ministry: State-Issued Digital Currency Has 'Not Well Understood' Risks

The potential benefits of a central bank-issued digital currency, including high-speed bank transfers; could also be realised in other ways, the Ministry argues, saying that a CBDC contains "a number of risks that are not well understood."

Link: Coin Telegraph

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