IBM recently announced a partnership with blockchain startup Stellar, and payment company Kickex, on a system which uses blockchain technology to increase the efficiency of cross-border payments. Blockchain, the technology underpinning cryptocurrency, will be used to reduce the time and costs associated with global payments, according to IBM. At present, it...

News of the WiFi security bug known as “Krack” surfaced earlier this week after being confirmed by US-CERT, Homeland Security's cyber-emergency unit. First revealed by computer security academic Mathy Vanhoef around 2 months ago, the ‘Key Reinstallation Attack’ vulnerability affects the WPA2 security protocol which is used by most wireless...

The Data Privacy Act of 2012 (herein after referred to as the “Act” or “DPA”) was enacted to bring the Philippines in line with international data protection standards to encourage investment and reinforce the Philippines’ position as a leading Information Technology and Business Process Outsourcing destination.1 The Act aims to reconcile the right...

A Washington Post report recently revealed that Facebook had deleted key information critical to the investigation on Russia's involvement in last year’s US elections. The internet giant had apparently scrubbed all posts on the Internet related to the research of social media analyst Jonathan Albright, which showed there were at least...

Influencer platform IndaHash will soon roll out a cryptocurrency which can be used to pay social media movers instead of cash. With around 300,000 users around the world, the company’s co-founder Barbara Soltysinska said that they want to create a revolution by “tokenizing” the influencer marketing world. She added that the...

Last Thursday, researchers from cybersecurity firm ZeroFox reported that there are now 437,165 financial scams operating on various social media platforms at present.    They also revealed that only 18,175 operators are behind these campaigns which mostly use social engineering to hoodwink users. In one model, scammers pretend to be from...