Duncan Riley
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Chinese mobile phone maker Huawei Technologies Co. Ltd., along with ZTE Corp., are facing a ban that would prevent their phones and equipment being used by the U.S. government under proposed legislation that is ostensibly seeking to prevent spying by the Chinese government. The bill, H.R. 4747: …
South Korea’s winter of bitcoin discontent: Government fights over proposed ban
South Korea’s crackdown on bitcoin and cryptocurrency trading has turned into a comedic farce worthy of a Shakespeare play, with reports saying that the government is racked with serious infighting over how to go forward with it. The first act of the …
Bitcoin payment demanded in first hospital ransomware attack of 2018
Hospitals are once again the target of ransomware attacks as a regional hospital is being held hostage by persons unknown demanding a bitcoin ransom payment. In what is likely the first case of ransomware against a hospital in 2018, the Hancock Regional Hospital …
Report claims hackers could start a nuclear war through vulnerable weapons systems
A think tank today published a report that claims that nuclear weapon systems in both the U.S. and U.K. are vulnerable to hacking and that hackers could potentially start a nuclear war. The claim comes from Chatham House in its report “Cybersecurity …
Ripple and Moneygram sign deal to test XRP cryptocurrency for international transfers
Ripple Labs Inc. may have finally found someone to use its cryptocurrency for real-world transfers. The company today said it has signed a deal with MoneyGram International Inc. to try out XRP as a way to facilitate international transfers. Under the trial, MoneyGram will …
Chaos reigns as South Korea moves to ban cryptocurrency trading
Not happy with simply regulating cryptocurrency exchanges, South Korea has moved to ban all cryptocurrency trading within its borders, sparking chaos in global markets. The decision to implement an outright ban, only weeks after implementing new regulations, was announced by South Korea’s …
Hyundai invests in Southeast Asia Uber rival Grab
South Korean carmaker Hyundai Motor Company is the latest to jump into the ride-hailing market through an investment and strategic agreement with Singapore-based Grab Taxi Holdings Pte. Ltd. Under the agreement, Hyundai and Grab will jointly explore ways to develop and provide innovative …
Man accused of being behind Mac Fruitfly malware indicted in Ohio
Not every form of malware is a conspiracy involving a state-sponsored actor. That’s the main takeaway following the arrest of an Ohio man alleged to be behind the Fruitfly macOS malware. Phillip R. Durachinsky, 28, of North Royalton, Ohio was indicted Wednesday …
Proposed law would impose huge fines for credit reporting agency data breaches
New legislation being pushed by two Senate Democrats would give the Federal Trade Commission the power to fine credit reporting agencies that fail to protect consumer information from data breaches. The proposed law, called the Data Breach Prevention and Compensation Act 2018, was proposed …