A German online bank is offering a loan service with a difference: international loans that are transferred using bitcoin. Founded in 2013, Bitbond is using the cryptocurrency as an alternative to SWIFT international payment network. The company’s founder, Radoslav Albrecht, argues that it’s both considerably cheaper and faster to use bitcoin to exchange funds across borders. “Traditional money transfers ...

In a day that will live in cybersecurity infamy, the WannaCry ransomware was first detected in the wild on this day in 2017. The attack would go on to cause an estimated $8 billion in damages and bring ransomware attacks to the forefront of media and government attention. The attack, discovered within the network of ...

Users of smartphones made by LG Electronics Inc. are being encouraged to update their phones quickly following the disclosure of two security vulnerabilities in the default keyboard. First detailed by Check Point Security Software Technologies Ltd. in a report Tuesday, the two vulnerabilities could allow an attacker to remotely execute code with elevated privileges on LG ...

Cyberinsurance company At-Bay Inc. has raised $13 million in new funding to accelerate development of its cybersecurity monitoring service and its insurance products, pitched as providing “insurance for the digital age.” The round was led by Keith Rabois of Khosla Ventures, Yoni Cheifetz of Lightspeed Venture Partners with Shlomo Kramer, co-founder of Check Point Software Technologies Ltd., with ...

KnowBe4 Chief Hacking Officer Kevin Mitnick has demonstrated a proof-of-concept attack that uses social engineering and fake domain names to bypass two-factor authentication security, a disturbing turn of events for a commonly used form of security. The attack targets accounts with a phishing attack, which attempts to trick users into clicking on a website address ...

Tesla Inc.’s run of bad news is continuing as the U.S. National Transportation Safety Board launched an investigation into a Model S that crashed Tuesday and caught fire in Florida, killing two teenagers. The crash occurred about six weeks after a Model X crashed into a concrete barrier on Highway 101 in Mountain View. Although there’s no suggestion that ...

In an age when tech companies are obsessed with diversity, all operating system makers, nearly without fail, have delivered the ultimate equal-opportunity error. In particular, they introduced a serious vulnerability that is being described by many as a “misunderstanding” of Intel Corp. and Advanced Micro Devices Inc. documentation. The vulnerability, introduced by way of an update that so ...

The U.S. Department of Transportation is expanding its drone testing program, giving permission to 10 state, local and tribal governments to take part in a new pilot program that will test drones primarily as delivery vehicles. Those given approval Tuesday to test delivery drones under the “Unmanned Aircraft Systems Integration Pilot program” include a range of Universities and ...

Microsoft Corp. has focused on addressing vulnerabilities being used by suspected state-sponsored hackers as part of its monthly “Patch Tuesday” release, issuing patches for two actively targeted new attacks used to steal data. In one case, an advanced persistent threat group, which is nearly always used as a term to describe state-sponsored hacking groups, has been ...

In a monumental move, Alphabet Inc.’s Waymo announced Tuesday that it will deploy a commercial, fully autonomous vehicle ride-hailing service with no safety drivers in Phoenix, Arizona, later this year. The company, formerly known as the Google self-driving car project, launched a trial of the service in November and is so confident that the service ...