|Subject: SCN Daily News (HTML) Wednesday, 14 August 2019|
|Date: 14/08/2019, 11:06|
Wednesday, 14 August 2019
Work from Home Jobs could Pose Cyber Security Threat to Businesses
The majority of small business owners said they let their employees work remotely when it's needed, but many haven't trained those employees on cybersecurity.
It's a gap that could leave businesses open to a cyberattack, according to Nationwide Insurance. In the company's latest annual survey of small business owners, it found that one-fifth of small business owners have not provided formal cybersecurity training for their employees.
Link: Fox Business
What Happens to my Bitcoin When I Die?
What happens to all this wealth when the owners die or become incapacitated? Digital currencies and assets might make business and transactions easier, but it has certainly complicated the estate planning process. Traditional methods of writing a will and letting the executor find all the assets won't work moving forward.
The Revised Uniform Fiduciary Access to Digital Asset Act (RUFADAA) establishes the rules and regulations surrounding digital account ownership. It's important to familiarize yourself with the RUFADAA and update your wills, trusts, and POAs in accordance so your fiduciaries have access to your digital assets.
IoT Devices had been Used by Russian Hackers to Breach Networks
In a new development, Microsoft has claimed that Russian hackers had tried to compromise networked devices in order to hack into networks. As everyone knows, networked products, also known as the Internet of Things or IoT, has become an incredibly popular range of products over the past few years. However, it seems that those products are also now being targeted by hackers, who want to break into networks. The news about the potential hack had been first reported on the tech blog, Ars Technica.
Executives from Microsoft stated that after hacking into these IoT devices, the hackers had tried to take over the network. The Microsoft Threat Intelligence Centre then published a post in which it detailed the whole issue.
NatWest Launches Voice Controlled Banking Pilot using Google Assistant
NatWest announced a pilot to allow customers to use Google Assistant voice technology to conduct remote bank customer service functions, including checking bill balances, list recent transactions or get other information, according to a company release from NatWest.
The pilot will include 500 customers over a three-month period and allow customers to test the service over Google smartphones or Google smart speakers.
Link: Mobile Payments Today
Could Facebook's new currency be Stopped in its Tracks?
Libra, Facebook's proposed new digital currency, is not receiving a balanced response.
"I don't think you should launch Libra at all," said US congresswoman Carolyn Maloney at a hearing in Washington in July. US President Donald Trump, leaders of the G7 nations, and the head of the Bank of England, Mark Carney, have all expressed concerns about Libra, too.
And, of course, Libra will be built directly into some of the world's most popular apps: Facebook, WhatsApp and Instagram. Facebook Inc owns them all.
Financial bigwigs are upset because Facebook, a corporation, appears to want to take on a government-like role, creating a currency and perhaps even setting monetary policy.
Link: BBC News
Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019
Cyber criminals have netted $4.3 billion from digital currency exchanges, investors and users in 2019.
Blockchain security company CipherTrace gave its summary crypto-related theft in its Anti-Money Laundering report that it shared with Cointelegraph on 12th August.
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