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Facebook Sponsors Harvard-Based NGO to Stop Election-Related Cyber Attacks   

Facebook Sponsors Harvard-Based NGO to Stop Election-Related Cyber Attacks   

Las Vegas, Nevada — Facebook announced that it will provide funds to a nonprofit group that fights cyber criminals leading propaganda attacks against campaign networks, political groups, and voting systems, according to news last Thursday.   Facebook head security official Alex Stamos said they aim to help develop an autonomous Information Sharing and Analysis Organization (ISAO) that collates groups that may be at risk of threats. They are also connecting with other technology organizations to aid them with the matter. The project, called Defending Digital Democracy, will be headed by Mitt Romney and Hillary Clinton and stationed in the Kennedy […]

SEC Seeks to Regulate Cryptocurrency Offerings in Wall Street

SEC Seeks to Regulate Cryptocurrency Offerings in Wall Street

New York– According to reports last Wednesday, the Securities and Exchange Commission (SEC) decided that initial coin offerings (ICO) in Wall Street must undergo the same regulations as standard investments. The SEC explained that cryptocurrency tokens are regarded as securities which require registration lest there are more reasonable lines for exemption. According to sources, there are fund raising projects being instigated by inexperienced traders with unrealistic business proposals. Another alarming concern is posed by cyber attackers that steal ICO funds, funneling cryptocurrency straight into their own accounts. SEC enforcement co-director Stephanie Avakian stated that innovations in how digital currency works […]

Greece Captures Alleged Russian with Bitcoin Laundering Chain Worth $4 Billion

Greece Captures Alleged Russian with Bitcoin Laundering Chain Worth $4 Billion

Athens-Moscow-New York — Last Wednesday, Greek authorities finally caught international fugitive Alexander Vinnik, the leader of a massive Bitcoin laundering operation since 2011. Based in Russia, Vinnik is said to have laundered roughly $4 billion Bitcoins by running one of the most infamous cyber crime websites in the world. Bitcoin is the first cryptocurrency that employs hidden transactions through encryption, making it hard for traditional financial firms to regulate. The Russian suspect was captured following a slew of U.S. crack downs against Russian hackers, with authorities closing the AlphaBay dark web market last week. However, according to sources, there are […]

Free Anti-Virus Being Rolled Out By Kaspersky Lab

Free Anti-Virus Being Rolled Out By Kaspersky Lab

According to news last Wednesday, free anti-virus protection will be provided by Russian security company Kaspersky Lab to users worldwide. In a blog published by Eugene Kaspersky, the free version of the antivirus offers basic system protection, including automatic updates, self-defense, quarantine, email, and file, among several initial features. The software is said to ensure protected online browsing against phishing and malicious files that can be run on a user’s system. Kaspersky states that the free anti-virus will not go head-to-head with its paid version. Although it offers basic protection, they believe it covers enough security grounds for systems. The […]

Free Decryption Tool Now Available for Standard Versions of Petya Ransomware

Free Decryption Tool Now Available for Standard Versions of Petya Ransomware

Researchers have released a free decryption tool to aid affected Petya ransomware users in recovering their data, according to news last Wednesday. Sources say the decryption tool can address original versions of Petya like GoldenEye, Green Petya, and Red Petya, but not the PetrWrap or NotPetya strains. After the NotPetya infection, ransomware originator Janus disclosed the master key for the strain. Malwarebytes cyber security researchers then took it upon themselves to analyze it and release a decryptor. Though the free decryptor helps users retrieve files, researchers warn of problems that may arise once it’s run. Tests revealed that the program […]

Authorities Can Now Force Suspect to Give up Passwords in New S. Australia Law

Authorities Can Now Force Suspect to Give up Passwords in New S. Australia Law

South Australia — Last Wednesday, the government of South Australia announced that they will create new laws that require suspects of child-exploitation cases to surrender their passwords. According to state attorney-general John Rau, the new rule is geared towards aiding courts and authorities in indicting cases that involve sensitive child abuse data. Current regulations hinder police from searching suspects’ computers, straining investigations from obtaining solid evidence. Rau also states that updating the law can seriously help stop criminals that devise new methods of perpetrating crimes. The proposal comes in the wake of many sexual exploitation cases involving children who were […]

Fact-Checking Website Snopes May Close Over Dispute with Ad Vendor

Fact-Checking Website Snopes May Close Over Dispute with Ad Vendor

Last Monday, fact-policing website Snopes declared that they were in danger of being shut down after 23 years due to conflict with Proper Media. According to Snopes founder David Mikkelson, the site was being held captive by Proper Media, keeping them from creating alterations. The ad vendor, he claims, is also putting up new ads and obtaining income from currently running ads. Mikkelson hired Proper Media for online development and help garner ad revenue. However, when Mikkelson divorced in 2016, Proper Media acquired 50% of his former wife’s shares. Since then, he’s been in conflict with the company, claiming they […]

Crowdstrike Releases Fastest, Most Comprehensive Cybersecurity Search Platform

Crowdstrike Releases Fastest, Most Comprehensive Cybersecurity Search Platform

Sunnyvale, California — CrowdStrike® Inc. announced last Tuesday that they will release the most rapid and far-reaching search database for cybersecurity called the CrowdStrike Falcon Search Engine. Crowdstrike has made it their goal to develop the most comprehensive tool that can help users conduct thorough research investigation on cyber threats. It’s designed with an ascendable cloud-based structure that’s most suitable for cybersecurity searches. With over 51 billion security search activities daily, the CrowdStrike Falcon Search Engine is the biggest cyber threat database in the industry. It indexes in real-time, detecting over 560TB of malware within 700 million files. Having on-time […]

Singapore Startup to Make Cryptocurrency Spendable in Real World with Visa

Singapore Startup to Make Cryptocurrency Spendable in Real World with Visa

In a report last Monday, Singapore financial technology startup TenX has been converting digital currencies into spendable money that can be traded in the common market. The company makes this possible with help from Visa. TenX developed a platform that functions as a digital wallet linked to a Visa card. When a user swipes the card, the amount will simply be deducted from the crypto account. This is a forthcoming development as users and firms are opening up to use popular cryptocurrencies like Bitcoin for real payments. The payments are processed immediately without incurring any costs apart from a conversion […]

Fintech Finances Soar to a Noteworthy US$5.2 Billion in Q2

Fintech Finances Soar to a Noteworthy US$5.2 Billion in Q2

London, England — According to news last Tuesday, Financial technology (fintech) funds have reached a notable record of US$5.2 billion in the second quarter. This is attributed to the rise of 26 ‘unicorn’ fintech startups that are worth US$1 or more, and 5 rookie firms reaching a significant development in the previous quarter. According to CB Insights, an estimated 251 international deals were made during Q2, which is a noticeable increase from last quarter’s 245 deals. These figures specifically cited fintech companies supported by venture-capital investments. As for Asia, the deals ramped up from 43 in Q1 to 67 in […]