Tuesday, 30 October 2018


Canadian Cryptocurrency Exchange Hacked

MapleChange posted on Twitter moments after the attack that a bug in the system allowed an attacker to withdraw funds it held. The hack occurred sometime after MapleChange had upgraded its server.

"We are extremely sorry that it has to come to end like this. Until the investigation is over, we cannot refund anything," the company posted in an earlier tweet.

Forbes reported that as of October 29, MapleChange has acknowledged the theft of eight bitcoins (worth about $65,791).

Link: Insurance Business Mag



Bitcoin Mining Could Thwart Efforts to Limit Global Warming - Report

Scientists have warned that demand for bitcoin could single-handedly derail efforts to limit global warming, due to the huge amounts of energy taken to generate the digital currency.

Producing bitcoin at a rate that matches growing demand could by 2033 defeat the aim of limiting global warming to 2 degrees Celsius, according to US research published in the journal Nature Climate Change.

Last year, bitcoin production and usage emitted an estimated 69 million metric tonnes of carbon dioxide equivalent, the researchers said.

Link: RTE



IBM Acquiring Red Hat for a Whopping $34 Billion

IBM (International Business Machine) is acquiring the world-renowned provider of open source cloud software Red Hat, Inc., for a whopping $34 billion, the news about the deal was announced on Sunday.

Link: HackRead



Malwarebytes Forum User Discovers A Crypto Tracker App That Secretly Installed Backdoors in Macs

A recent blog post from Malwarebytes' Thomas Reed, Director of Mac & Mobile, explains how a contributor on the Malwarebytes forum going by the name 1vladimir noticed an app called CoinTicker was secretly installing two different backdoors onto computers after download.

Link: Bitcoinist



Iranian Hackers Hit U.K. Cybersecurity Universities

Iranian cybercriminals tried to hack into U.K. universities offering government-certified cybersecurity courses, successfully accessing at least one university's accounts during a campaign lasting months.

The hacking group has targeted at least 18 British universities, according to researchers. The list includes top-flight institutions. But it also includes less well-known destinations which are notable for being among a select group certified by the National Cyber Security Centre (NCSC) to provide degrees in cybersecurity.

Link: Forbes



Child ID Fraud a Growing Problem

Citing a 2018 Child Identity Fraud Study by Javelin Strategy & Research, more than 1 million children were victims of identity fraud last year; two-thirds were under the age of eight. Resulting losses were $2.67 billion, with families incurring over 540 million in out-of-pocket expenses Minors who were bullied online were nine times more likely to become victims of fraud than minors who were not bullied.

Link: South Florida Reporter




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