Subject: SCN Daily News (HTML) Wednesday, 10 April 2019
Date: 10/04/2019, 10:30

Smart Card News Online

Wednesday, 10 April 2019

Mitsubishi UFJ to Issue its Own Digital Currency in Japan, Called 'Coin,' by End of Year

Mitsubishi UFJ Financial Group Inc. plans to put its original digital currency into practical use by the end of this year, according to President Kanetsugu Mike.

The major banking group hopes to enable other enterprises, such as retail stores, to use the digital currency, called "coin," as their own currencies and bearing their own respective corporate names.

Link: The Japan Times

New Report Demonstrates How Prolific Cyber Attackers Are

Researchers at security company Sophos set up honeypots in ten of the most popular AWS data centre locations around the world and connected them to the internet with common configuration errors, such as using default credentials or insecure passwords.

Each of the honeypot sites simulates a Secure Shell (SSH) remote access service, designed to allow users to connect remotely to the device and access files. It took under a minute for attackers to start to find the honeypots and begin using brute-force attacks in an effort to login to the devices. The Sao Paulo site first came under attack, with the first login attempt registered after just 52 seconds.

Link: ZDNet

Yahoo Strikes $117.5 Million Data Breach Settlement after Earlier Accord Rejected

Yahoo has struck a revised $117.5 million settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history.

The proposed class-action settlement made public on Tuesday was designed to address criticisms of U.S. District Judge Lucy Koh in San Jose, California. She rejected an earlier version of the accord on 28th Jan, and her approval is still required.

Link: Reuters

Bitcoin Cash 2019 Returns Double Those of Bitcoin

Bitcoin cash has surged this year, doubling in price and sharply outperforming its big brother bitcoin.

The altcoin (a digital currency besides bitcoin) rallied more than 105% between the start of 2019 ($160.53) and its annual high reached April 3 ($329.85), CoinDesk price data showed.

Link: Forbes

Chinese Thieves Exploit Facial Recognition Mobile Payment System to Steal

A Chinese man recently had his money stolen from his bank account after his roommates scanned his face while he was asleep to make online payments with the facial recognition function. The incident once again raised security concerns regarding biometrics-based technologies.

Link: ePoch Times

More Than 300,000 Cyber Criminals are Selling your Credit Card Details on Facebook

CYBER CRIME Facebook groups where members buy and sell the credit card numbers of fraud victims and share other online crime tips have been uncovered by a report.

A total of 74 groups have been found so far and they contain around 385,000 members.

Security researchers from Cisco's Talos Intelligence Group uncovered the groups which were buying, selling and trading stolen credit card information and identity information like photographic ID.

The group members were also providing each other with information about email phishing and other illegal activities.

Link: The Sun

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