Author: Disini & Disini Law Office

Amazon Gets Patent for Streaming Data Marketplace for Real-time Crypto Data

Amazon Gets Patent for Streaming Data Marketplace for Real-time Crypto Data

According to a document released by the USPTO last Tuesday, Amazon Technologies Inc. has been granted a patent for a multi-streaming data marketplace that would allow users to see real-time cryptocurrency transactions data. The technology developed by the Amazon subsidiary is designed to process streaming data on a large scale with relatively low latency, allowing developers to “build real-time dashboards, capture exceptions and generate alerts, drive recommendations, and make other real-time business or operational decisions. The technology can also be used as a data stream that publishes cryptocurrency transactions visible to all network participants. Source: Coin Telegraph

New Study Says China, Japan, Australia Prime Targets of Botnets

New Study Says China, Japan, Australia Prime Targets of Botnets

CenturyLink’s Threat Research Labs recently released data showing that countries with robust or growing IT infrastructures are still hot targets for cybercriminals. The researchers found that APAC countries China, Japan, South Korea, Taiwan, and Australia received the most attacks from botnets this year. Previously it had been the US, China, Germany, Russia, and the UK. However, it was noted that US, China, and Russia are also the top origins of malicious traffic, while China, South Korea, Japan, India, and Hong Kong hosted the most command-and-control servers used by hackers for gathering and directing botnets. Such botnets are often comprised of […]

Homeland Says US Will Take Tougher Stance Against Cyber Criminals

Homeland Says US Will Take Tougher Stance Against Cyber Criminals

At the recently held RSA conference last Tuesday, Homeland Security Secretary Kirstjen Nielsen issued some words of warning to cyber criminals, saying that the US will not tolerate cyber meddling aimed at the heart of the country’s democracy. Nielsen said that “complacency is being replaced by consequences” and threatened attackers that the US will not be passive while its networks are being compromised. She also urged that malicious behaviour be punished, and added that the federal government will be using all the tools at its disposal to dispense the appropriate punitive actions. Nielsen also explained that cybersecurity is now a […]

Facebook: Users Must Agree to Targeted Ads to Use the Service

Facebook: Users Must Agree to Targeted Ads to Use the Service

Facebook clarified last Tuesday that users will have to agree to receive targeted ads if they want to continue using the service. It was noted that this would ensure that the social network’s business model holds after the EU’s new privacy laws take effect. Under the GDPR, companies that collect or use the personal information of a European without their consent will be penalized. Facebook Deputy Chief Privacy Officer Rob Sherman announced that they will be seeking Europeans’ permission this week for a variety of ways Facebook uses their data. However, he clarified that opting out of targeted marketing altogether […]

Major Tech Companies Sign Cybersecurity Tech Accord

Major Tech Companies Sign Cybersecurity Tech Accord

At the recently held RSA conference, 34 tech firms including Microsoft, Facebook, Cisco, and SAP have signed an agreement called the Cybersecurity Tech Accord where they vowed to protect users from cybersecurity threats and not participate in any government-supported cyber attacks. Those who have signed the accord are required to commit to four pillars: 1. Building stronger defenses to protect all internet users around the globe. 2. Oppose any offensive cyber attacks. 3. Empower people, businesses and developers. 4. Work together and with other private and public sector partners to mitigate threats. Microsoft President Brad Smith emphasized that the wave […]

New Study Says Bank Web Apps Most Vulnerable to Hacking

New Study Says Bank Web Apps Most Vulnerable to Hacking

According to new research released by security firm Positive Technologies last Monday, web apps from banks and financial institutions are highly vulnerable to hacking. The security researchers tested 33 websites and found that around half had XML external entity flaws and arbitrary file reading and modification flaws, while 80% were vulnerable to cross-site scripting (XSS) attacks. 85% of all tested apps had bugs that allowed a hacker to steal users’ cookies, implement phishing attacks, or infect the user’s device with malware. The study did not name the banks that developed the flawed apps, but it was noted that a 100% […]

Russian Telecoms Watchdog Asks Google, Apple to Remove Telegram from Stores

Russian Telecoms Watchdog Asks Google, Apple to Remove Telegram from Stores

Russia’s state telecommunications regulator, Roskomnadzor, had reportedly requested US tech giants Google and Apple to remove the messaging app Telegram from their download stores. Russia had officially banned the encrypted messaging service in the country after CEO Pavel Durov had refused to surrender private user data to the FSB. Durov also announced a few days ago that Telegram may still work despite the ban, but not at 100% without a VPN. Source: CNBC

Facebook Apologizes to Indonesian MPs in 5-Hour Grilling Session

Facebook Apologizes to Indonesian MPs in 5-Hour Grilling Session

Last Tuesday, Facebook’s head of public policy in Indonesia Ruben Hattari issued an apology to members of the Indonesian Parliament in a five-hour session where he and other Facebook officials were questioned on issues such as personal data misuse and oversight of content by the US tech giant. Indonesia is one of the countries with the most number of Facebook users. In the session, Facebook said that 1,096,666 users in Indonesia may have had their data scraped by Cambridge Analytica, which is 1.26% of the global total. However, the MPs still threw hard questions, with PDIP MP Evita Nursanty asking […]

UK Cyber Authority Issues Warning Against ZTE

UK Cyber Authority Issues Warning Against ZTE

The UK National Cyber Security Centre (NCSC) had reportedly sent a letter to telcos urging them not to use equipment from ZTE, saying that the Chinese telecoms giant carried too much risk. The NCSC apparently said that new equipment and services from another Chinese supplier would render the country’s existing mitigations ineffective. ZTE competitor Huawei is already major supplier of networking equipment for fixed and wireless networks in the UK and is also engaged in 5G trials and Internet of Things (IoT) research.   The warning comes as another blow to ZTE after the US had imposed an export ban […]

IMF Head Extols Potential Benefits of Cryptocurrency

IMF Head Extols Potential Benefits of Cryptocurrency

Last Monday, International Monetary Fund head Christine Lagarde praised the potential benefits of assets such as Bitcoin and said that a judicious look at cryptocurrency should lead to neither condemnation nor euphoria. Even as Lagarde maintained her stance on reigning illegal activities involving cryptocurrency, the IMF leader nevertheless called for an even-handed regulatory agenda that protects against threats without hindering innovation. Lagarde’s statement is said to have offered a fresh perspective at a time of increasing negative sentiment on cryptocurrency and Bitcoin which traditional financiers continue to call a ‘bubble’. Source: Coin Telegraph