Duncan Riley
Latest from Duncan Riley
Intel Corp. has released a new software patch to address one of the Spectre vulnerabilities that have plagued the synonymous chip maker since they were revealed in early January. The patch, described technically as a “microcode update,” is being offered to original equipment manufacturers …
McAfee: Cybercrime now costs the global economy $600B
A new report from McAfee and the Center for Strategic and International Studies claims that cybercrime now costs the global economy $600 billion, up considerably from $445 billion in 2014. The “Economic Impact of Cybercrime – No Slowing Down” report, released today, attributed …
Increasing number of email compromise scams target Fortune 500
Scammers in Nigeria are believed to be behind a significant increase in business email compromise attacks, according to a report today from IBM’s X-Force Incident Response and Intelligence Services team. The BEC campaigns are said to be targeting accounts payable personnel at Fortune 500 organizations. They’re …
Trillions of botnet requests drive massive rise in malicious login attempts
Trillions of botnet requests have driven a massive increase in credential abuse, with more than 40 percent of login attempts found to be malicious, according to a newly published report. The number comes from Akamai Technologies Inc.’s Fourth Quarter 2017 State of the Internet/Security Report, …
Japanese cryptocurrency exchanges to form new body after Coincheck hack
Sixteen cryptocurrency exchanges in Japan are joining forces to create a self-regulating body that will oversee crypto markets within the country in response to the hack of the Coincheck exchange in January, Reuters reported today. The as yet to be named body could be formed …
Venezuela attempts to raise $4.9B through presale of its ‘Petro’ cryptocurrency
Venezuela is set to become the first country to launch its own cryptocurrency, as the failing socialist state today launched a presale as part of an initial coin offering. Announced by President Nicolas Maduro in December, the “Petro” will allegedly be backed by Venezuela’s oil …
Confidential data stolen from Tesla after staff failed to secure cloud server
Updated: Elon Musk may be able to send a Tesla Inc. vehicle into space, but apparently his staff can’t secure data online so easily. A shocking report released this morning details the theft of data from the electric car company, blaming it …
Bull run continues as a single investor snaps up $344M in bitcoin
Bitcoin’s bull run continued today as its price traded above $11,000 for the first time since Jan. 28. One reason: An anonymous investor is reported to have purchased approximately 41,000 bitcoin valued at $344 million. That’s seen by many as a sign that serious money is …
Google publishes Edge security flaw details after Microsoft misses deadline
Google LLC has gone public with the details of a critical security flaw in Microsoft Corp.’s Edge web browser after Microsoft failed to patch the vulnerability despite being given a 90 day deadline to do so. The vulnerability relates to an issue with Arbitrary …
Global attention on cryptocurrencies intensifies as Congress considers new rules
Global attention on the legal status of cryptocurrencies is heating up, suggesting that governments are getting serious about regulating the fast-growing digital assets. Both the United States and Israel are joining a number of nations around the world that are considering new laws …