Author: Disini & Disini Law Office

Australia and UAE Sign Another Fintech Agreement

Australia and UAE Sign Another Fintech Agreement

Dubai’s Financial Services Authority (DFSA) and Australia’s Securities and Investment Commission (ASIC) have recently entered into another agreement which aims to provide both regulators a better understanding of fintech innovations in each other’s jurisdictions. In addition to sharing of information and fostering support for fintech firms on both sides, the DFSA will also set up a number of initiatives including FinTech Hive accelerator program and the Dubai Future Accelerator where tech companies will be pairing with government organizations. The UAE had already partnered with ASIC back in July in an agreement that seeks to provide support to fintechs looking to […]

Researchers Detect Mass Scanning for Bitcoin, Ethereum Wallets

Researchers Detect Mass Scanning for Bitcoin, Ethereum Wallets

Using honeypots installed across the Internet, security researchers have recently detected a mass scanning campaigns targeting unsecured Bitcoin and Ethereum wallets. One of the campaigns, identified by Didier Stevens, used a bot to scan server paths for file names of Bitcoin wallet apps just two days before Bitcoin rose from $7000 to $8000. In another campaign, identified by Dimitrios Slamaris last November 24, attackers made blind requests to the JSON-RPC interface of Ethereum nodes. Slamaris revealed that it is possible for an attacker to steal funds from a wallet using this method. For users running Ethereum nodes that require an […]

Russia Accuses Google of Down-ranking Sputnik and RT

Russia Accuses Google of Down-ranking Sputnik and RT

Last Thursday, Russia’s foreign ministry said that Google’s attempts to push down Sputnik and Russia Today in search results is tantamount to censorship. Ministry spokeswoman Maria Zakharova also said that the move was the result of strong political pressure from the US government. The statement seems to have been made in response to Alphabet Executive Chairman Eric Schmidt’s answer to a question in an international forum last Saturday, where he confirmed that the search company is giving “less prominence” to websites such as Sputnik and RT, instead of delisting them outright. Source: Reuters

Two New Lawsuits Filed Against Uber for 2016 Breach

Two New Lawsuits Filed Against Uber for 2016 Breach

Within only 48 hours of Uber’s breach disclosure, two separate class-action lawsuits had already been filed against the company in the state of California. One of the cases which was filed in Los Angeles, Alejanro Flores v. Raiser, alleged that Raiser, Uber’s subsidiary, had been “grossly negligent” and “departed from all reasonable standards of care” Another lawsuit filed in San Francisco, Danyelle Townsend and Ken Tew v. Uber, stated that Uber should have had the necessary safeguards in place to protect the plaintiff’s personally identifiable information. Source: ARSTechnica

YouTube Cracks Down on Questionable Kids Content

YouTube Cracks Down on Questionable Kids Content

YouTube is seen to be tightening rules on questionable kid-focused content that is able to get around the filtering mechanism on its platform. The move seeks to prevent content from creators who attempt to attempt to slip in themes unsuitable for younger kids into children’s shows to get more views. One such example features a well-known children’s show character called Peppa Pig who was made to visit a gory slaughterhouse.   Google will now be employing a number of new measures including stricter content control, demonitization of unsuitable content targeted at kids, aggressive comment patrolling, and better understanding of context. […]

Singapore White Hat Hackers: e-Wallets Are Not Foolproof

Singapore White Hat Hackers: e-Wallets Are Not Foolproof

In a recent interview, two members of Singapore Management University’s Whitehat Society shared their concerns on the security of mobile electronic payment services. Winston Ho and Wan Ding Yao, members of the ethical hacking group, said that they still prefer cash transactions over e-wallet apps and other apps which need to be linked to a credit card or bank account. They warned that there are a number of ways in which a hacker can get access a user’s e-wallet, such as phishing SMSs, fake or modified versions of the e-wallet app. They also said that security measures such as passwords, […]

Facebook Reveals to Users if They Have “Liked” a Russian Propaganda Account

Facebook Reveals to Users if They Have “Liked” a Russian Propaganda Account

Last Wednesday, Facebook announced plans to let users see if they have followed any accounts or pages linked to Russia’s propaganda efforts within January 2015 to August 2017. Users will be able to see these Facebook and Instagram accounts in a Help Center page that may be launched by the end of the year. The move was done to fulfill a request from the US Congress. Facebook, along with Google and Twitter, were asked to provide specific information by a number of lawmakers in an inquiry into Russian meddling in the 2016 US elections. Source: Bleeping Computer

FCC Chief Expected To Repeal Net Neutrality Rules

FCC Chief Expected To Repeal Net Neutrality Rules

Last Tuesday, U.S. Federal Communications Commission Chief Ajit Pai said that he is planning to repeal “net neutrality” rules which were advocated by former President Barack Obama. The rules, which inhibit internet providers from blocking or limiting content, or charging more for certain kinds of content, are said to promote a free and open internet where all users can have equal access to content. Pai said that his new proposal, which the commission will be voting on December 14, should allow companies in every sector to compete and let consumers determine the winners and losers. Pai’s decision is seen to […]

China’s App Stores Drop Skype

China’s App Stores Drop Skype

According to Reuters, Microsoft’s Skype app had been removed from several app stores in China, including Apple’s, as of Wednesday morning. The app may have been dropped earlier, as Apple revealed late last Tuesday that they had to pull the app from their China app store after being notified by the Ministry of Public Security, who found the VOIP app to be in violation of local laws. App store platforms Tencent Holdings Ltd., and Qihoo 360 Technology, as well as Microsoft and the Cyberspace Administration of China, has not yet issued comments on the matter.   In this year alone, […]

Microsoft Warns Against Bogus Tech Support Hotlines

Microsoft Warns Against Bogus Tech Support Hotlines

Microsoft’s Windows Defender Research Team recently issued a warning on new phone-call prompts used by scammers to make unsuspecting users pay for fake tech support. The scammers first serve users fake tech issues such as a BSOD warning. Popups will then appear, prompting the user to contact a fake support line which sometimes bear the names of well-known tech brands. Some of the newer prompts even appear as software updates or audio messages. Microsoft also noted that some of these sites also target Apple users, both on desktop and mobile.        Source: ZDNet