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.
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.
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.
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.
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
As a subscriber to Smart Card News we currently send you the latest industry news together with carefully selected industry events and updates.
We do not share your data with any third parties. However, due to changes in the law (GDPR) from May 2018, we need to confirm you are happy for us to continue to hold your details. If you DO NOT wish to continue to receive mailings from us you can unsubscribe at any time by:- emailing us at firstname.lastname@example.org or click Unsubscribe
Please note, if you do not unsubscribe, we will take that as confirmation that you are happy to receive future mailings from us.
Smart Card News Limited, Gratwicke House, 10 East Street, Littlehampton, West Sussex, BN17 6AW, Registered in England 2728296.
From time to time, this news service may include industry forecasts and forward looking statements made by the companies concerned. Readers should be advised that Smart Card News Ltd cannot be held responsible for decisions and/or actions taken by readers of our news service, based on the information provided. This news is only to be distributed to persons/companies who have a contract with Smart Card News Ltd. Unless your company has gained a licence and/or written permission from Smart Card News, the contents of this news page are not to be forwarded to any other person or server. Any replication by any means without prior permission is illegal and action may be taken. If you receive this online news from a forwarded source please contact the team at Smart Card News Ltd. It is illegal to replicate this online news.
Tel: +44 (0)1903 723 548