Tag: Security

[Guest Post] Will Blockchain Help Streamline Data Management?

[Guest Post] Will Blockchain Help Streamline Data Management?

BLOCKCHAIN, CRYPTOCURRENCY
by Rae SteinbachThe digital age has obviously yielded major benefits for businesses. That said, keeping up with technological shifts can be challenging. A major struggle organizations often face is data management. Solutions businesses may have relied on in the past are no longer sufficient for managing large volumes of data. Even relatively new approaches, such as using third-party cloud storage providers, aren’t ideal. A business that entrusts a third party with its data must be confident that data is secure. This isn’t always guaranteed. On top of that, cloud storage systems can’t always be relied upon to perform quickly enough to meet the needs of customers. Organizations must consider stronger data management solutions that offer enhanced security and reliability. For example, your bu
SBI Crypto Investment Ltd Invests $15 Million in Smart Banknote Platform Tangem

SBI Crypto Investment Ltd Invests $15 Million in Smart Banknote Platform Tangem

BITCOIN, BLOCKCHAIN, BTC MANAGER
On January 21, 2019, the Swiss blockchain wallet Tangem raised funding of $ 15 million from SBI Crypto Investment. This is intended to be used for the industrial adoption of blockchain-enabled smart cards.  Tangem, the “Smart Banknotes” Startup The blockchain smart card wallet provider Tangem is well-known for its smart banknotes that are inbuilt with a chip that holds bitcoin or other cryptocurrencies. Currently, it is the only mass-produced hardware carrier for digital assets. In May 2018, Tangem had launched pilot sales of physical Bitcoin (BTC) notes available in denominations of 0.01 and 0.05 BTC. This was aimed to significantly improve the security of owning and circulating cryptocurrencies, as well as make the whole process easier. Tuesday in Hong Kong we’ll take a sober look at ha
MIT Professor: Blockchain Can Allow for More Inclusive, Borderless Economy

MIT Professor: Blockchain Can Allow for More Inclusive, Borderless Economy

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Blockchain can allow for the creation of a borderless economy, Massachusetts Institute of Technology (MIT) professor Silvio Micali claimed in a interview on Bloomberg’s Daybreak Asia, Jan. 21.Speaking on the show, Micali outlined three major properties of blockchain systems that must function simultaneously to enable a more inclusive and borderless economy — security, decentralization and scalability. According to MIT’s Ford Professor of Engineering, until recently, only two of those three basic properties could have been achieved simultaneously at any time.When asked about scalability in particular, Micali stressed that a decentralized system really needs superior technology to provide the same level of participation and confidence that is enjoyed by centralized systems.When asked about s
Japan’s SBI Invests $15 Million In Crypto Card Wallet Maker Tangem

Japan’s SBI Invests $15 Million In Crypto Card Wallet Maker Tangem

Coin Desk
Japanese financial services giant SBI Group has invested $15 million in Swiss startup Tangem, maker of a slimline hardware wallet for cryptocurrencies. Tangem describes its crypto storage product as a “smart banknote for digital assets.” Designed to be used like a bank card, the product allows off-chain physical transactions to be used, for example, for in-store payments, once cryptos have been loaded onto the device via an NFC-enabled smartphone. The startup announced the SBI investment Monday, saying that it would help it expand its technology to other areas such as stablecoins, initial coin offerings (ICOs), tokenized asset offerings, digital identity and more. The news was confirmed by SBI in a separate statement. While it did not disclose an amount, the firm said the funding was made
Sirin Labs Makes History with First Blockchain Smartphone Store

Sirin Labs Makes History with First Blockchain Smartphone Store

BLOCKCHAIN, BTC MANAGER
Sirin Labs has been focused on developing a blockchain smartphone in an attempt to corner the market for cryptocurrency enthusiasts and investors. On January 15, 2019, the company has opened its first retail store in London. Adjusting To Market: From Solarin to Finney Sirin Labs, an Israeli startup, has been focused on the blockchain smartphone for some time now. In 2016, they launched the Solarin, a blockchain-focused smartphone which was clearly meant for affluent cryptocurrency traders and investors, as it cost $14,000. The Solarin didn’t gain any real traction, however, and the company went back to the drawing board. They returned in March 2017 with the Finney smartphone, which raised over $150 million in a successful initial coin offering (ICO). The Finney began taking pre-orders late
Rocke Group’s Monero Mining Malware now More Powerful than Cloud Security Software

Rocke Group’s Monero Mining Malware now More Powerful than Cloud Security Software

BLOCKCHAIN, BTC MANAGER, MONERO
According to a January 17, 2019, press release from Palo Alto Networks’ Unit 42, a threat intelligence team, a Linux mining malware developed by Rocke group has advanced to uninstall cloud security products from Alibaba Cloud and Tencent Cloud to illegally mine Monero (XMR) on compromised machines. Monero (XMR) Mining Malware Gets More Powerful Per the report, Rocke group, the infamous creators of the Xbash malware, was first reported in July 2018 by Cisco Talos, a Cisco Intelligence group. The latter revealed that the actors behind the malware were deactivating some security monitors on computers. However, Unit 42 has indicated that after analyzing the latest cryptocurrency mining malware samples used on Linux machines, of which some were discovered in October 2018 from Rocke, their mode
Linux-Targeting Cryptojacking Malware Disables Cloud-Based Security Measures: Report

Linux-Targeting Cryptojacking Malware Disables Cloud-Based Security Measures: Report

COINTELEGRAPH, CRYPTOCURRENCY
A new cryptojacking malware has the ability to disable cloud-based security measures to avoid detection on Linux servers, research by information security company Palo Alto Networks Jan. 17 reveals.The malware in question mines Monero (XMR) and is reportedly a modified version of one used by the so-called “Rocke” group, originally discovered by cybersecurity firm Talos in August last year. According to the research, one of the first things that the malware does is check for other cryptocurrency mining processes and add firewall rules to block any other cryptojacking malware.The virus reportedly also searches for cloud security services by Chinese internet giants Tencent and Alibaba and neutralizes them in an attempt to remain concealed. Ryan Olson, vice president for threat intelligence at
Blockchain Data Developer Spring Labs’ Research Program Gains 16 Startup Members

Blockchain Data Developer Spring Labs’ Research Program Gains 16 Startup Members

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
United States-based blockchain startup Spring Labs announced sixteen fintech companies had joined its partner program prior to the release of its Spring Protocol in a press release Jan. 17.Spring Labs, which last year raised $15 million in funding, aims to release anti-fraud technology in the form of private P2P data sharing technology, powered by blockchain.At the same time, it has convened the Spring Founding Industry Partners (SFIP) Program, a research effort comprised of partners aiming to further reduce data fraud and boost security prior to the Protocol’s public release.Now, a further sixteen small businesses and consumer fintech lenders have signed up to the program.“As an ever-increasing amount of financial transactions move online, new types of mission-critical fraud and ID verifi
This Malware Has a Worrying Trick to Mine Monero on Cloud Servers

This Malware Has a Worrying Trick to Mine Monero on Cloud Servers

Coin Desk, MONERO
A recently observed form of malware uses a concerning new trick to avoid detection and mine cryptocurrency on cloud servers. Two researchers, Xingyu Jin and Claud Xiao, from cybersecurity firm Palo Alto Networks, published a report on Thursday, saying that a nasty bit of software from bad actors dubbed the Rocke group is targeting public cloud infrastructure. Once downloaded, it takes administrative control to first uninstall cloud security products and then inject code that mines the monero cryptocurrency. The researchers found that the Rocke malware injected code to uninstall five different cloud security products from infected Linux servers – including offerings from top Chinese cloud providers, Alibaba and Tencent. Adding insult to injury, the malware follows the uninstall steps set ou