Subject: SCN Daily News (HTML) Wednesday, 10 July 2019
Date: 10/07/2019, 15:01

Smart Card News Online

Wednesday, 10 July 2019

Facebook's Libra Cryptocurrency Faces more Backlash

Facebook's newly announced cryptocurrency Libra is facing more pushback, this time reportedly from the Indian government. India, the third-largest economy in Asia, is considering not allowing the currency to be traded at all, according to a Bloomberg report Monday.

Link: Cnet

Police Face Backlash for Use of Facial Recognition

Police in the UK are facing backlash over the use of facial recognition software to search for suspected criminals. Law enforcement officials have been asked to stop using the technology after a study from the University of Essex found that matches were only right in one of five cases. The inaccuracies of the system, in the University's opinion, could break human rights laws.

Link: UCToday

Malaysia Grants Approval to Three Cryptocurrency Exchange Platforms

Malaysia's securities watchdog, the Securities Commission (SC) temporarily gave three cryptocurrency exchanges the go-ahead to operate in the country in June 2018, per The Malaysian Reserve. The exchanges include Sinergy Technologies, Tokenize Technology, and Luno Malaysia.

Link: Blockonomi

Researchers Hack VR Worlds

At the Recon cybersecurity show in Montreal, researchers Alex Radocea and Philip Pettersson demonstrated how to hack virtual reality worlds on three platforms.

Hacking an immersive VR world enables an attacker to take complete control of the victim's virtual world, Radocea and Pettersson warned. An attacker can listen to what the victim is saying, and can also create fake images.

Link: Naked Security Sophos

Teenage 'Money Mules' on the Rise, MPs Warn

Teenage money mules are on the rise, as criminals prey on millennials' lack of financial know how, MPs have warned.

There has been a 26 per cent increase in under 21-year-olds acting as money mules between 2017 and 2018, according to the fraud prevention service Cifas.

Link: The Telegraph

Privacy Watchdogs Launch Probe over Desjardins Data Breach

A pair of privacy watchdogs have launched an investigation after a data breach at Desjardins Group that affected nearly three million members.

The Office of the Privacy Commissioner of Canada and its Quebec equivalent said the probes will examine whether Desjardins was in compliance with federal and provincial laws around personal information protection.


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