Subject: SCN Daily News (HTML) Friday, 16 August 2019
Date: 16/08/2019, 09:49

Smart Card News Online

Friday, 16 August 2019

Bitcoin Grinds to a Halt with Nearly $10,000 Single-Day Loss

The world's biggest cryptocurrency (in terms of market cap), collapsed by almost $10,000 in just 24 hours. The plunge, obviously, created shockwaves that were felt around the currency markets and the first casualties were Ripple's XRP, Ethereum, and Litecoin which all shed double-digit losses between 8-12 percent, respectively. Bitcoin currently changes hands at $10,084.

Link: Business Times

700,000 Choice Hotels Records Leaked in Data Breach

Comparitech, in collaboration with security researcher Bob Diachenko, found an unsecured database containing data belonging to the hotel franchise on July 2, 2019, after the database was indexed by the BinaryEdge search engine.

Diachenko made Choice Hotels aware of the security incident on the same day of his discovery. However, someone with less honourable intentions got there first.

Link: ZDNet

Cyber-attack Leads to Backlog of 20,000 Forensic Samples

A cyber-attack on the UK's biggest forensic services provider led to a backlog of 20,000 samples, the BBC has learned.

Eurofins Scientific was targeted by a "highly-sophisticated" ransomware virus in June, which led British police to suspend work with the company.

The National Police Chiefs' Council (NPCC) is now clearing the backlog, which includes blood and DNA specimens.

Link: BBC News

ACLU Calls out Amazon Biometrics in Fight to Ban Facial Recognition

The American Civil Liberties Union of Northern California (ACLU) has used Amazon Rekognition facial recognition to match one in five California lawmakers with arrest mugshots, using Rekognition's default settings, including an 80 percent confidence threshold, Vice reports.

At a press conference held by the American Civil Liberties Union of Northern California (ACLU) and legislators, ACLU attorney Matt Cagle said 26 state legislators were matched out of 120 compared to a database of 25,000 arrest photos. Assembly member Reggie Jones-Sawyer said that facial recognition would automate mistaken identity and entrench racial bias in policing.

Link: Biometric Update

Is Libra Really a Cryptocurrency?

Yes, but also no. This is where the disagreements start. The Libra blockchain is not decentralised the way the Bitcoin is. With the Bitcoin blockchain, anyone can theoretically run a node, even if that's expensive. In contrast, Libra's nodes will be only run from the servers of the Libra Association's members - that is: Facebook, Uber, Paypal and the others.

Link: Wired

Head of SIX's Digital Asset Exchange Quits Over Strategy Disagreement

Switzerland's SIX stock exchange has just lost a key executive in charge of its digital assets exchange, SDX.

A disagreement over the future direction of the in-development exchange is said to be behind the move, with Halblaub having wanted to spin off the SDX into an independent company. The board however felt the upcoming platform should stay in the SIX Group fold.

Link: CoinDesk

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