Hacked: Hacking Finance

Hacked: Hacking Finance


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AuthorRebecca Campbell
Rebecca Campbell

Rebecca Campbell

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Bitcoin

How to Invest in a Decentralized Economy?

Posted on May 22nd, 2017.

Australian-born Michael Dunworth, CEO of Silicon Valley-based blockchain Wyre, has said that financial advisors should invest in Bitcoin to understand the currency better in the decentralized economy. In a report from the Financial Standard, Dunworth said: “You don’t have to break the bank. You could invest $10, $100 or...

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Articles

How to Start Your Investment Portfolio: Is the Crypto Space the Place to Invest?

Posted on March 28th, 2017.

The idea of investing for the average person can often seem like a daunting prospect. Many people may be put off by the idea of investing their hard-earned cash, let alone what they should invest in. Not only that, but the rise in digital currencies such as Bitcoin and Ethereum is further adding confusion as to whether this is a good...

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Articles

How Can You Invest and Grow Your Money from $5?

Posted on March 22nd, 2017.

Tina Seelig, executive director of the Stanford Technology Ventures Program, is the author of the book ‘What I Wish I Knew When I Was 20.’ In the first chapter of her book, ‘Buy One, Get Two Free,’ she asks the question: what would you do to earn money if all you had was five dollars and two hours? This was an experiment she gave to the...

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Hacking

Hackers Only Need Seconds to Figure Out Card Details

Posted on December 3rd, 2016.

Experts from Newcastle University in England has found that hackers only need six seconds to figure out the card number, expiry date, and security code for a Visa debit or credit card by simple guesswork, according to a report from The Telegraph. According to figures from the Office of National Statistics, in the U.K. the number of bank...

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Cybersecurity

BoE asks FinTech Firms to Help Warn Banks About Cyberattacks

Posted on December 1st, 2016.

The Bank of England is recruiting FinTech companies to help prevent cyberattacks targeting financial institutions, according to a report from The Telegraph. Earlier this year, the Depository Trust & Clearing Corporation (DTCC) conducted a survey, which found that cyber risks topped the list of financial service concerns. According to...

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Companies

Generate Electricity and Digital Currency by Walking Over Street Tiles

Posted on November 28th, 2016.

Through the simple act of walking people can now produce their own electricity and digital currency in Washington D.C., as it embraces a form of renewable energy, according to Futurism. Known as Pavegen Tiles, these street tiles convert kinetic energy from people’s steps into electricity, digital currency, and data with one person...

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Vulnerabilities

New Form of Ransomware Uses Social Media to Customize Demands

Posted on November 27th, 2016.

A new form of ransomware is reported to have been found that uses a person’s social media and computer files to customize a demand, according to cybersecurity researchers at Proofpoint. Called ‘Ransoc’ by the researchers because of its connection to social media, they found that the malware was scanning local media filenames and running...

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Darknet

Dark Web Markets Are Running Black Friday Drug Sales

Posted on November 25th, 2016.

Black Friday, the start of the Christmas shopping season in the U.S. for millions of people, which follows Thanksgiving Day, is a day that many of us can’t escape. Now, though, it appears the dark web it catching on and wants a slice of the money-making pie. According to a report from Vocativ, those searching for a deal on drugs can get...

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Artificial Intelligence

Dutch Police Use Augmented Reality to Investigate Crime Scenes

Posted on November 22nd, 2016.

Dutch police are undertaking an experiment to see if augmented reality can help officers at a crime scene, according to the New Scientist. Using an AI system video from the body cameras worn on the officers at the scene will relay back to experts who can guide the officers by making virtual notes which the officers will be able to see...

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Artificial Intelligence

Nasdaq Turns to AI to Detect Market Manipulation

Posted on November 17th, 2016.

Nasdaq undertakes 14 million trades a day on its exchange making it nearly impossible to detect market abuses taking place. However, with the help of artificial intelligence (AI), Nasdaq is cracking down on the bad behavior. There are several things that Valerie Bannert-Thurner, senior vice president and head of risk and surveillance at...

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Hacking

Mark Zuckerberg’s Pinterest Account Reportedly Hacked

Posted on November 16th, 2016.

Facebook CEO Mark Zuckerberg has not had an easy year with the security on several of his accounts. Reports are coming in that he has been the target of hackers for the second time this year, according to ZDNet. A hacking group by the name of OurMine is claiming responsibility for hacking into Zuckerberg’s Pinterest account. After...

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Cybersecurity

DTCC Survey: Cyber Risks More of a Risk than Donald Trump to Financial Services

Posted on November 13th, 2016.

A new survey conducted by the Depository Trust & Clearing Corporation (DTCC) has found that cyber risks top the list of financial service concerns, but that geopolitical threats such as Brexit and the U.S. presidential nominee, Donald Trump, are not far behind. The survey, Systemic Risk Barometer, by the DTCC found that cyber risks...

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Cyberespionage

Apple Watches Banned from UK Cabinet Meetings for Hacking Fears

Posted on November 10th, 2016.

Cabinet ministers have voiced concerns that Apple Watches could be hacked by Russian spies, prompting the devices to be barred from meetings, according to a report from The Telegraph. Under the new leadership of Theresa May, U.K cabinet ministers have been barred from wearing the watch during meetings after concerns were raised that the...

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Cybersecurity

Presidential Voting Machines Are Vulnerable to Hacking, Says Cybersecurity Company

Posted on November 7th, 2016.

The day of reckoning will soon be upon millions of American as they head to the polls to elect its 45th President between Hillary Clinton and Donald Trump, but according to one cybersecurity company, the voting machines used are vulnerable to hacking, reports CNBC. According to Real Clear Politics, Clinton currently has 203 of the...

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Cybersecurity

New York Tops City Risk Index for Cyberattack Threats

Posted on November 4th, 2016.

The increasing risk of cyberattacks has placed New York as the number one city at risk of a cyberattack with $14.08 billion of economic growth at risk, according to Lloyd’s City Risk Index report. In a joint report with the University of Cambridge, the Lloyd’s City Risk Index 2015-2025 report looked at 301 global cities covering 18...

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Darknet

Dark Web Cybercriminals Are Selling Counterfeit Train Tickets to Make Cash

Posted on November 3rd, 2016.

An investigation has found that cybercriminals are turning to train tickets to make a profit from commuters searching for cheap tickets on the dark web. With train ticket prices increasing year after year, it seems that people will go to whatever lengths necessary to find a cheaper alternative rather than paying the full price of train...

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Cybersecurity

The NHS is at Risk of Cyberattacks, Says UK Minister

Posted on November 1st, 2016.

A U.K. minister for Cabinet has said that cyberattacks present a real threat to the National Health Service (NHS) in the U.K., according to a report from The Telegraph. In an article for the U.K. daily newspaper, Ben Gummer, minister for Cabinet, said that ‘large quantities of sensitive data’ accessed by the NHS and the U.K. government...

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Bitcoin

How to Avoid Bitcoin Scams

Posted on October 30th, 2016.

Since bitcoin’s inception in 2009, it has grown exponentially making it a widely popular digital currency that is used around the world. Unfortunately, it is due to the popularity of bitcoin and its market cap growth rate that scammers are realizing the monetary benefits they could get from it. According to Bitstamp, the first fully...

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Eavesdropping

Are Children Losing Their Childhood to Smart Toys?

Posted on October 27th, 2016.

Smart toys are on the rise, but while they may have the ability to enhance a child’s play, do they also pose a threat by spying on what children are doing? In an article from the New Scientist, the issue of privacy is looked into. More specifically, the privacy of children. Nowadays, it seems it’s no longer a case of simply playing with...

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Bitcoin

Russian Fraudster Lures Thousands in Kenyan Pyramid Scheme with a Bitcoin Twist

Posted on October 26th, 2016.

For the past year, Kenyans have been lured with the promise of making money quickly through a pyramid scheme started by convicted Russian fraudster, Sergey Mavrodi, reports the Daily Nation, a Kenyan news site. Mavrodi is reported to have designed a major pyramid scheme in Russia before its end came in 1997, which is believed to have...