Subject: SCN Daily News (HTML) Tuesday, 21 May 2019
Date: 21/05/2019, 10:27

Smart Card News Online

Tuesday, 21 May 2019

Hackers Figure Out Ways to Bypass Two-factor Authentication, Steal Money and Information

High-tech crooks have figured out a way to get around two-factor authentication and access some customers' bank, email and cell phone accounts.

Two-factor authentication is the process where your bank, email provider or other business texts you a one-time code that must be entered to get access to your account after you enter your password. Without the code, a user cannot log into an account.

Link: Fox4

WhatsApp Welcomes Bitcoin Ahead of Facebook Coin Launch

WhatsApp welcomes Bitcoin on the platform allowing users to send and receive Litecoin (LTC) and Bitcoin (BTC) thanks to Lite.Im bot. This is the most significant announcement attempt to simplify the cryptocurrency transaction process. It will help bring virtual currencies close to the people.

Link: Cryptoline News

Security Researchers Discover Linux Version of Winnti Malware

For the first time, security researchers have uncovered and analysed a Linux variant of Winnti, one of the favourite hacking tools used by Beijing hackers over the past decade.

Discovered by security researchers from Chronicle, the Linux version of the Winnti malware works as a backdoor on infected hosts, granting attackers access to compromised systems.

Link: ZDNet

ABN AMRO Ditches its Bitcoin Wallet Because It's Too Risky

Dutch bank ABN AMRO has decided to cancel its plans for a custodial cryptocurrency wallet, called Wallie, claiming that digital assets are "just too risky."

Link: The NextWeb

Stolen Ethereum Transferred to Unknown Wallet Days After Exchange Confirms Liquidation

The saga of the hacked New Zealand-based Cryptocurrency exchange, Cryptopia, doesn't seem to end. Just a week after the exchange entered the liquidation process, over 30,000 ETH stolen from Cryptopia in January was transferred to an unknown wallet.

As confirmed by WhaleAlert, a tracker of large cryptocurrency-related transactions, the transfer occurred at 01:43:57 UTC on 20 May 2019. The exact amount in question was 30,790 ETH, valued at $7.74 million, at press time.

Link: AMB Crypto

Number of ATMs Worldwide Drops for the First Time as Demand for Cash Decreases

Brand-new research shows that the number of ATMs installed worldwide fell by 1% in 2018, to stand at 3.24 million, impacted by branch closures and the rising popularity of mobile payments.

According to a brand-new report from RBR, Global ATM Market and Forecasts to 2024, ATM numbers dropped in four of the five largest markets in 2018. More than half the world's ATMs are found in just five countries; of these China, the USA, Japan and Brazil saw a decrease in ATMs, whilst in India, growth slowed considerably.

Link: RBR London

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