News

Israeli Tech Startups Look Outside of Israel for Recruits

Israel’s technology industry is the fastest growing part of the country’s economy, accounting to 14 percent of economic output and 50 percent of exports.  The technology comes at risk as the country is at a shortage of workers. Alexey Chaminov, founder of a local software design firm, Eastern Peak tells Reuters, “I worked for years in the Israeli market and I knew what the costs were in Israel and I knew there was a shortage of workers.” Source: SBS

Bitcoin Drop Crashes Ethereum By 20%

Cryptocurrency Etherium plunges Monday despite efforts to increase user confidence by declaring credit for customers who lost money on last week’s flash crash. Bitcoin rival Etherium, also known as ether briefly dropped in a flash crash last week from more than $300 to 10 cents on Coinbase’s GDAX exchange. According to Coin Desk, Ether traded 20.9 percent lower at $239.63 on Monday afternoon. Source: CNBC

MPs Unable to Access Emails After Cyber-attack on Parliament

Parliament members were unable to access their emails after a “sustained and determined” cyber-attack by hackers attempting to access MP and their staffers email accounts. The hackers were attempting to gain access through accounts with weak passwords. “Earlier this morning, we discovered unusual activity and evidence of an attempted cyber-attack on our computer network.” said an email sent to affected personnel. A statement from the House of Commons said they are investigating the incident with the National Cyber Security Centre (NCSC) as they take further measures to secure the computer network. Source: The Guardian

Dockless Bike Sharing Raises Privacy and Safety Concerns in Sydney

Sydney’s first dockless-bike sharing service receives flak from cycling advocates prior to the service’s launch in July. “Our concerns are really about privacy – at the moment, if you look at the detailed terms of use that are sometimes included on their websites, they won’t rule out the possibly of tracking people even when they are not using the bike.” said Institute of Sensible Transport’s director of transport innovation Elliot Fishman. Source: The Guardian

Source Code Leak on Windows 10 Embarrasses Microsoft

Source codes related to Windows 10’s USB, storage, and WiFi drivers have been posted on Beta Archive, a free FTP Site. Microsoft confirms the leak, verifying the authenticity of the Shared Source initiative. While the data leak is not serious, it may leave an embarrassing mark on Microsoft’s rep during a time where there is heightened concern on computer security. Source: Engadget

Pro-ISIS Propaganda Attacks Ohio Gov’t Websites

Last Sunday, a number of Ohio government websites were hacked by Islamic State (IS) supporters. Affected websites were replaced with messages saying “Hacked By Team System DZ.” “Anti: Govt all word. You will be held accountable Trump, you and all your people for every drop of blood flowing in Muslim countries.”  Towards the end, the page reads “I Love Islamic state.” President and Founder of Accellis Technology Group in Cleveland, says “It’s really more of something called “hacktivism” where they’re just looking to promote their own cause, create some measure of fear.” Source: WKYC

Telegram App Targeted by Russia after Bombing in St. Petersburg

Russian authorities are threatening to block the app Telegram after refusing to allow regulators access to encrypted messages in the app. The Russian-founded app came under fire after the Russia‘s FSB security’s investigation into the St. Petersburg attack, pointing that they have “received reliable information about the use of Telegram by the suicide bomber, his accomplices and their mastermind abroad to conceal their criminal plots at all the stages of preparation for the terrorist attack.” Source: BBC

U.S Justice Asks Supreme Court to Take on Microsoft Case

The Justice department filed a petition appealing to the Supreme court to revisit the lower court opinion on the reach of government warrants for private emails. In 2016, a court ruling determined that Microsoft was not required to provide customer data stored on computers on a different country. The Justice department argues that if data can be accessed “domestically with the click of a computer mouse,” it should not matter where information is stored. Microsoft’s legal team responded by saying “The [Justice Department’s] position would put businesses in impossible conflict-of-law situations and hurt the security, jobs, and personal rights of […]

Justice System to Get Helping Hand from AI

During an investigation into a corruption case including Rolls-Royce, The Serious Fraud Office (SFO) teamed up with RAVN to find a faster way to go through massive amounts of data. RAVN, a London startup that builds robots that can sift, sort, and organize data, provided the necessary AI to allow swift data processing with minimal errors. This led to Rolls-Royce admitting to “vast, endemic” bribery and paid a £671 million fine. Source: Wired UK

Phishing Email Pretends to be BitPay

A recent phishing email claiming to be from bitpay.org has been going around, seeking to scam virtual currency owners. The company BitPay, released an announcement through Reddit to warn users after receiving a number of reports from users. The announcement indicates that “This is not a legitimate BitPay email and is a clear phishing attempt. If you receive this email do not open its contents and certainly do not click on any link, button, or attachment.” Users receiving similar emails are encouraged to report these attempts to email providers. Source: Coin Telegraph