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Apps Carrying SonicSpy Malware Invade Android Apps Stores

Apps Carrying SonicSpy Malware Invade Android Apps Stores

Researchers have recently discovered that the Google Play store and a number of other popular Android app download sites have been flooded with around 1000 spyware-ridden apps that carry a malware known as SonicSpy.  The malware comes in the form of a messaging app and is capable of stealthily making and recording calls, sending text messages, taking photos and stealing user data. Researchers say that it can be used to perform a total of 73 different commands remotely. Suspected to have been developed in Iraq, the SonicSpy-infected messaging apps were uploaded to Google Play as Hulk Messenger, Soniac, and Troy […]

China Launches Quantum Satellite That Sends Potentially Hack-Proof Data

China Launches Quantum Satellite That Sends Potentially Hack-Proof Data

News last Thursday reports that China has successfully launched a satellite in space that transmits data to distant recipients on Earth. Chinese researchers from Quantum Experiments at Space Scale (QUESS) used quantum key distribution (QKD), enabling users to send potentially “unhackable” information. It makes use of light or photons to carry data, also known as quantum cryptography. QKD can send messages from space to Earth up to 20 magnitude orders better than optic fiber of the same size, transmitting at 1,200km. The technology uses one-time encryption, and is the safest way to encrypt data. The information in photons can’t be […]

Scientists Claim it is Possible to Hack Computers Using Malicious DNA

Scientists Claim it is Possible to Hack Computers Using Malicious DNA

Last Thursday, researchers were reported to have developed a way to inject malicious DNA to exploit computers through gene sequencing pipelines. The researchers from Paul Allen School of Computer Science and Engineering in Washington University stated the importance of understanding the current security issues in DNA sequencing and storage to address it properly. The discovery has implications in the field of law enforcement and forensic investigations. Any agency involved in computer-based DNA sequencing and processing can be infiltrated. Attackers could target computers and tamper evidence remotely, changing the DNA sequence of hair, blood, and saliva samples in a database. While […]

Microsoft Develops System That Accelerates Blockchain Speeds

Microsoft Develops System That Accelerates Blockchain Speeds

News last Thursday revealed a new system called “Coco Framework” by Microsoft that speeds up blockchain networks. Coco Framework stands for “Confidential Consortium,” and is slated to become an open source tool by 2018. Aside from accelerating blockchain speeds 100 times faster, it also addresses privacy issues. The system was created following the anticipation of industry growth around blockchain technology. In recent years, large enterprises and banks have invested in blockchain technology to revolutionize data-processing services. It is also the used as the main platform for cryptocurrency which shares a public ledger of data that can be accessed by all […]

19-Year-Olds Arrested in Israel for Running Largest DDoS-For-Hire-Service

19-Year-Olds Arrested in Israel for Running Largest DDoS-For-Hire-Service

Reports last Thursday state that the owners of vDos, a popular DDoS-for-hire service, has been arrested by Israeli police. vDos is owned by two 19-year-old hackers and is known as the biggest DDoS platform when it came under fire in 2016. Sources say vDos ran from 2012 to 2016, providing packages like monthly subscriptions to a stress test service—botnet systems hackers could rent for $29.99 to $199.99 a month. vDos’ downfall began when their client PoodleCorp ran a vulnerable stresser code which was traced back to vDos API. The data was eventually found by investigative journalist Brian Krebs. Krebs wrote […]

Kaspersky Warns of Mamba Ransomware Return, Encrypts Entire Hard Drive

Kaspersky Warns of Mamba Ransomware Return, Encrypts Entire Hard Drive

Last Thursday, researchers from Kaspersky Lab warned that the infamous Mamba ransomware is back. Known to encrypt all hard drive data, it uses sophisticated algorithms which currently cannot be decrypted. First detected in September 2016, the Mamba ransomware makes use of an open source software called DiskCryptor to seize hard drives. Attackers are known to use Mamba to lock down on corporate entities and big organizations. The Mamba was reported to disrupt the San Francisco Municipal Transportation Agency in November 2016, forcing engineers to temporarily open gates and allow travelers to ride trains for free. Today, researchers say that the […]

Cyber Insurance Demand Increases in China Following WannaCry Outbreak

Cyber Insurance Demand Increases in China Following WannaCry Outbreak

Hong Kong — Cyber insurance needs for companies throughout Greater China and parts of Asia are expected to grow significantly, according to the American International Group Inc (AIG). The prediction is based on increased inquiry rates after the WannaCry outbreak in May.   AIG said firms asking about cyber insurance rose to 37% worldwide, while it increased to 87% last May in Greater China and Hong Kong. The WannaCry attack affected more than 200,000 computers in critical infrastructures across 150 countries.   Companies take interest in cyber insurance because they know it will protect their business, according to AIG business […]

Senators Urge Reserve Bank of Australia to Make Bitcoin an Official Currency  

Senators Urge Reserve Bank of Australia to Make Bitcoin an Official Currency  

The Reserve Bank of Australia (RBA) is being persuaded by senators Jane Hume and Sam Dastyari to recognize Bitcoin as a legitimate currency. The two senators argue that making Bitcoin an official currency will positively transform Australian financial firms and the Reserve Bank. They claim not doing so will risk Australia’s financial competitiveness, which can leave them far behind. Sources also said $145 billion worth of annual financial service earnings is at stake if Australia does not make the decision. Dastyari has shown strong support for Bitcoin for years, even proposing to legalize it since 2015. Even then, he said […]

Sony Now Ready to Use Blockchain Technology for Storing Digitized Education Records

Sony Now Ready to Use Blockchain Technology for Storing Digitized Education Records

Education records can now be arranged and stored on the blockchain as Sony announced Tuesday that it has designed a digital system for storing educational information. Sony first came up with the concept 18 months ago to use blockchains as a central ledger to store education records to produce a digital transcript. The database will include everything from diplomas and exams taken to degrees obtained by an individual. To address security issues, Sony created the system to avoid fraud. The information will be available to schools and companies for assessment while safeguarding people’s identity. It will greatly improve how universities […]

Microsoft Stops Recognizing Chinese Secure Certificates from WoSign

Microsoft Stops Recognizing Chinese Secure Certificates from WoSign

Microsoft will no longer be using Certificate Authorities (CAs) from WoSign and its ancillary company StarCom, for failing to comply to security standards. Aside from Microsoft, other major tech companies have previously dropped WoSign, including Mozilla, Google, and Apple. StarCom came under fire in October 2016 for having subpar management capabilities, according to SSL Labs, while WoSign acquired its tainted reputation for deceiving its users. Microsoft stated WoSign and StarCom had unsatisfactory practices, including duplicate certificate serial numbers, accidental certificate revocations, and mis-issuing certificates, to name a few. CAs are supposed to provide digital certificates for identity verification online. They […]