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Uber Licensed to Operate in London Only Until Next Week

Uber Licensed to Operate in London Only Until Next Week

London’s transport regulator had removed Uber’s license to operate, saying that the company was unfit to hold a private vehicle hire license because of its conduct that can potentially impact public safety and security. The ride-sharing giant, which has around 40,000 drivers in England’s capital, will not be able to renew its license that expires on September 30, but Regulator Transport for London (TfL) will permit it to operate until the appeals process is done. TfL specifically pointed out Uber’s software called Greyball, which is used for doing driver background checks and reporting of criminal offences, can be used for […]

SEC May be Going After ICO “Low Hanging Fruits”

SEC May be Going After ICO “Low Hanging Fruits”

Some experts believe that the SEC is being selective of its targets in the ICO market and intends to go after cases which they have a clear chance of winning. Recently, the SEC too action on two crypto projects which were obviously securities and under the agency’s jurisdiction. They issued a letter to one ill-fated project called DAO which securitized equity, and shut down another called Protostarr, who securitized a future revenue stream.   Experts additionally say that the SEC may continue to scrutinize securitization of assets similar to LAToken, which will drive these innovations offshore. Source: TechCrunch

Malware on Google Play Downloaded 4.2M Times Before Getting Removed

Malware on Google Play Downloaded 4.2M Times Before Getting Removed

Security company CheckPoint has revealed that around 50 malware-ridden apps have been downloaded a total of 4.2 million times from the Play Store before Google was able to remove them. The malicious apps are able to make money for fraudsters by sending out messages without the users knowledge. CheckPoint researchers have identified one such malware called LovelyWallpaper, which uses the device’s phone number for SMS fraud. A victim was reported to have incurred $12/month because of the malware. Google immediately removed the apps which CheckPoint had reported, but the malware managed to resurface a few days after to infect another […]

Stanford PhD Cryptography Academic Provides Cryptocurrency Lecture for Free

Stanford PhD Cryptography Academic Provides Cryptocurrency Lecture for Free

Last Sunday, news reported that a free cryptocurrency lecture was launched recently by Dr. Dan Boneh, an esteemed Stanford faculty member who specializes in cryptography. The free module that comes with a full class curriculum can be download online, with case studies focusing on Bitcoin and Ethereum tokens. According to the lecture overview, it covers smart contracts and employment, Blockchains, and dispensed consensus. Dr. Boneh is one of the primary authors that helped create the Weil Pairing cryptography together with Matt Franklin from the University of California. He completed a computer science degree in 1996 from Princeton before becoming professor […]

Police Chief Urges Security Ratings for Internet-Linked Home Appliances

Police Chief Urges Security Ratings for Internet-Linked Home Appliances

Durham, England — According to news last Monday, home appliances with online connections must have a security rating. The suggestion was stated by police chief constable Mike Barton who believes it is a necessary move to protect households. Barton states the security rating should be as visible to consumers as efficiency ratings. He recommended this move to help secure citizens from cyber attacks and scammers on the internet. Cyber threat from using internet-linked household appliances is very real, with internet-ready TVs and fridges connected to door-to-door networks. The appliances are vulnerable to hacking, potentially endangering people’s privacy and safety. In […]

Microsoft Cracks Down On Infamous Russian Hacker Group

Microsoft Cracks Down On Infamous Russian Hacker Group

A report on Saturday said Microsoft is legally pursuing the notorious Russian hacking organization known as Fancy Bear, seizing its central control servers to weaken espionage activities. The tech giant filed the lawsuit to gain control of over 70 global server control points used by Fancy Bear to stealthily deliver malware to computers. Upon getting legal control of the servers, the hackers will be disconnected from their victims and Microsoft will gain access to the roster of spies on the network. Fancy Bear is a hacking organization that’s supported by the Russian government. According to U.S. intelligence sources, the group […]

Turkey Issues Warrants for 105 IT Experts Involved in Failed Coup

Turkey’s state-run media revealed that their government has issued arrest warrants for 105 information technology specialists (IT) who have allegedly aided Turkey’s failed coup in 2016. With warrants issued last Tuesday, Turkey slated events that marked the July 15 anniversary of the failed coup where an estimated 250 people died. According to Anadalou Agency, there are now 52 detained suspects which include former employees from telecommunications groups and the Turkish scientific research council. The detainees allegedly provided technical support to coup conspirators. Last year, Turkey declared a state of emergency that led to the arrest of 50,000 people suspected of […]

Mark Cuban to Release his First Initial Coin Offering

Celebrity investor, businessman, and Dallas Mavericks NBA franchise owner Mark Cuban is set to launch his first Initial Coin Offering (ICO). Cuban said to CoinDesk that Unikrn, a Cuban portfolio company is already relaying information to its investors about the impending ICO that is meant to add to its current venture capital funds Unikrn is a Seattle-based e-sports betting platform founded in 2014. The firm’s own digital token called “Unikoins” allows anyone around the world to bet using the firm’s currency. The platform has raised $10 million from investors such as Elisabeth Murdoch, Ashton Kutcher, and 500 Startups. Source: Coin […]

US Charges British Businessman on Fake Bitcoin Site Scam

The US charged a British businessman with securities fraud last Friday for scamming investors with a Bitcoin trading platform that turned out to be fake. UK citizen Renwick Haddow was accused by the Securities and Exchange Commission (SEC) of funnelling invested funds from a bogus bitcoin site and Bar Works, a flexible workspace, to bank accounts in Morocco and Mauritius. SEC said Haddow used names of senior executives as people behind ghost operations and gave false details on the success stories the companies he represented. Bar Works in Florida faces a similar case filed by a different investment group. Source: […]

Facebook Algorithm Updates to Restrict a Small Amount of Spammers

Social media giant Facebook announced on Friday that it rolled out an algorithm update for its news feed to curb the influence of users who are known to regularly share or post links to fake websites, sensationalist content, and click bait articles. Facebook Inc said the update should lessen the reach of a small group of users that it has identified. These users routinely share massive amounts of “low-quality” public posts everyday to spam people’s feeds. The company added that the said group is only around 0.1 percent of people who share around 50 or more posts per day. The […]