Duncan Riley
Latest from Duncan Riley
The U.S. Securities and Exchange Commission has finally acted against dubious initial coin offerings by taking legal action against a company that raised $15 million from investors in August. In a statement, the SEC said that it had obtained an emergency asset …
Bitcoin hits new record high as positive news boosts investor confidence
The price of bitcoin recovered from its plunge Nov. 29 to hit yet-another new record high on Sunday as positive market news drove investors back into the market. Pushing near $12,000 for the first time, the price of bitcoin hit $11,830.13 at …
Blockchain-based kitten trading game takes cryptocurrency world by storm
In an unexpected twist, cats may be the next big thing in cryptocurrency, thanks to a new game that uses Ethereum. Called Cryptokitties, the game allows players buy, sell and breed unique cartoon kittens. According to Bitcoinist, the object of the game is to …
NSA employee pleads guilty to taking home classified data accessed by Kaspersky
In the latest twist on claims leveled against Russian security firm Kaspersky Labs, an employee of the U.S. National Security Agency has admitted to illegally taking classified data home on his personal computer. Nghia Hoang Pho, 67, of Ellicott City, Maryland, spent 10 years …
Goldman Sachs head calls bitcoin a ‘vehicle for fraud’
Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein is not a fan of bitcoin. On Thursday, he said he believed the cryptocurrency was a “vehicle for fraud” and his company has no interest in investing in it. Blankfein (pictured) made the comments …
Credit repair agency exposes private data on misconfigured Amazon cloud instance
Florida-based credit repair agency National Credit Federation is the latest in a growing list of companies and organizations to expose private data online. This time, cybersecurity company uncovered a huge amount of private data from the company on an unsecured Amazon Web Services S3 …
Under proposed NATO policy, members would fight back against state-sponsored hacking
The next world war may start behind a computer screen with a group of North Atlantic Treaty Organization allies considering “a more muscular response to state-sponsored computer hackers” that may involve using “cyberattacks to bring down enemy networks,” according to officials. The “offense …
Report: Lyft revenue surges thanks to negative Uber press
Leaked numbers from ride-hailing startup Lyft Inc. show that the company is surging thanks to near-constant negative press regarding its rival Uber Technologies Inc. according to a report published Thursday. The Information said Lyft’s losses plunged in the first half of the year as …
Phishing attacks cost about $1.6M apiece, but enterprises are fighting back
Phishing defense solutions firm PhishMe Inc. has found that a successful phishing attack now costs a mid-sized enterprise $1.6 million on average. The firm also found that the number of attempted phishing attacks continues to rise but conversely, enterprises are improving their defenses and fighting back …
Court orders Coinbase to hand over customer details to the IRS
Cryptocurrency exchange Coinbase Inc. today was ordered to hand over customer records to the U.S. Internal Revenue Service after losing a case filed against it by the Department of Justice in November 2016. The case relates to a request by the IRS for …