Connect with us

Breaches

Barack Obama and David Cameron’s Stance on Encryption is Morally Irresponsible

Published

on

President Barack Obama expressed concerns Friday of terrorist plots in the United States, taking a public stance against private citizen communication and encryption. According to the president, encrypted smartphones and messaging apps pose a threat to law enforcement officials trying to track terrorists, and that’s a problem that needs to be solved.

// -- Discuss and ask questions in our community on Workplace.

If we find evidence of a terrorist plot… and despite having a phone number, despite having a social media address or email address, we can’t penetrate that, that’s a problem, Obama said.

David Cameron Agrees

The British prime minister David Cameron also agreed with Obama’s sentiment toward anti-encryption recently, promising to pass harsh legislation against it if he is re-elected. On ITV News, Cameron said the following:

I think we cannot allow modern forms of communication to be exempt from the ability, in extremis, with a warrant signed by the home secretary, to be exempt from being listened to. That is my very clear view and if I am prime minister after the next election I will make sure we legislate accordingly.

To spell out what these statements mean, think of a personal chat between yourself and someone else. Maybe it’s a text message or phone call criticizing the local government for their recent bill to outlaw the sale of Oreos. It’s a bit goofy, but a hypothetical topic that most anyone would be outraged about.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Maybe you’ve taken to the streets with picket signs against the over-reaching anti-Oreo law that you don’t agree should be in place. People with glasses of milk raise them high chanting “What do we want? Oreos! When do we want them? Now!”

Suddenly, the police start getting a bit aggressive. They’re sick of people protesting and want to go home to their families. They start trying to disperse the crowd, so you look at your phone to find where everyone is regrouping in an app like FireChat or Telegram. When you get to the confirmed meeting spot to keep protesting, the police are already there, armed to the teeth. They’ve been listening in on communications from multiple people in the crowd. They fire tear gas to disperse the new crowd again, and things boil to a point of violence.

Believe it or not, the Oreo example isn’t much of a stretch. This past December, Chicago police were accused of spying on protesters of the controversial Eric Garner case, also known as the “I can’t breathe” protest. While activists were organizing marches and peaceful protests, the Chicago PD was listening in on their conversations with Stingray technology.

Barack Obama Encryption

Snowden Thinks Obama and Cameron’s Anti-Encryption is Morally Irresponsible

edward snowdenThe United States government is known for spying on citizens of their country, as well as those internationally, and that’s not an over-exaggeration. Ever since Edward Snowden leaked the highly controversial National Security Agency (NSA) documents, more and more information about the government’s reach keeps getting exposed.

Also Read: Snowden Documentary, Citizenfour, Nominated for Best Documentary Oscar

The government isn’t the only perpetrator in the fight against private communication either – companies are complying and folding under the pressure. Just a few weeks ago, Hacked published an article about the leaked documents showing Microsoft gave the NSA full control of their Skype database, including all video calls, phone calls and text chats.

As for Snowden? He’d find this type of action by companies and governments morally irresponsible. In a recent speech at the Cato Institute Surveillance Conference, Snowden slammed Amazon for not encrypting user data when they can do so.

This is morally irresponsible, and as a business it’s problematic to allow this to continue when we know for a fact that they have the capability to provide for secure communications because as soon as you go to purchase that book, as soon as money’s involved, they turn it over to encryption.

With Barack Obama and David Cameron now publically fighting encryption altogether, there’s a problem brewing with over-reaching legislation. If the government isn’t allowed to read our mail, why can they read our email? If the government doesn’t have to hear us talk in person, why do they have to read our texts and listen to our phone calls?

In essence, these governments are trying hard to listen to us talk under the guise of “foiling terrorist plots.” But when is the average citizen considered a subject of interest? No one knows, because the NSA has no guidelines, checks or balances. It’s not biased, and it’s not a conspiracy theory. There are facts and examples behind the idea that private communication is not safe, and as Snowden releases more documents over the next few years it looks only to strengthen the case.

Images from Shutterstock.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

2 Comments

2 Comments

  1. Bittercoin

    January 22, 2015 at 12:40 am

    Encryption is un-necessary for smart people. NSA etc. can onl intercept communications if they are sent The key is simply not to send them – just park them in a designated place , providing access and entry codes to those you give the location

  2. englishvinal

    June 28, 2015 at 3:49 pm

    Bravo to Mr. Snowden… at least somebody speaks out and tells it like it really IS~!
    Of course you have to appeal to Russia to give you sanctuary to keep from being incarcerated for the rest of your life for telling the truth.

You must be logged in to post a comment Login

Leave a Reply

Breaches

Uber Is Paying Hackers to Keep Quiet

Published

on

Uber Technologies Inc. has reportedly paid hackers to delete scores of private data stolen from the company in a security breach that was concealed for over a year. The revelation provides further confirmation that, when it comes to cyber security, crime does pay.

// -- Discuss and ask questions in our community on Workplace.

Massive Data Breach

According to Bloomberg Technology, hackers retrieved the personal data of 57 million Uber customers and drivers at some point last year. Nobody heard about it because the rideshare company paid the hackers $100,000 to keep quiet. A purge at the front office of Uber also ensured that the massive cyber breach was kept under wraps.

The compromised data was from October 2016 and included the names, phone numbers and addressed of 50 million Uber riders globally. About seven million drivers had their personal information accessed as well.

At the time of the cyber attack, Uber was inundated with a slew of legal issues stemming from alleged privacy violations. Rather than shine even more negative spotlight on the company, Uber executives decided to pay hackers to stay quiet.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

“None of this should have happened, and I will not make excuses for it,” Dara Khosrowshahi, who took over as CEO in September, said in a statement that was published by Bloomberg. “We are changing the way we do business.”

Hackers have done a masterful job infiltrating companies and governments in recent years. As a reminder, recent cyber attacks levied against Yahoo!, Target Corp and Equifax Inc. dwarf Uber’s 57 million compromised accounts.

Various reports indicate that cyber attacks are bleeding the global economy dry. One report, issued by the World Economic Forum, suggests that cyber crime cost the world economy $445 billion in 2016. If cyber crime were its own market cap, it would exceed Microsoft Inc., Facebook Inc. and ExxonMobil Corp

The Fall of Uber?

Uber revolutionized the ride-hailing business over the span of seven years by giving more power to the consumer. Several missteps later, the company finds itself in legal hot water, with its future appearing less certain than it did just one year ago.

The rideshare company faces at least five U.S. probes ranging from bribes to illicit software and right up to unethical pricing schemes. According to another Bloomberg report, Uber is under investigation for violating price transparency regulations, not to mention the alleged theft of documents for Google’s autonomous cars.

Some governments are sensing weakness in the ride-hailing service, and are moving toward banning the Uber app entirely. London is the most prominent example of a city that has taken definitive steps to outlaw the service over a “lack of corporate responsibility.”

Even with its legal troubles, Uber is a revolutionary technology that has influenced a bevy of other innovations aimed at improving the human experience.

Featured image courtesy of Shutterstock. 

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Continue Reading

Breaches

Ethereum Notches Two-Month High as Bitcoin Offspring Triggers Volatility

Published

on

Digital currency Ethereum climbed to a two-month high on Monday, taking some of the heat off Bitcoin and Bitcoin Cash, which have slumped since the weekend.

// -- Discuss and ask questions in our community on Workplace.

Ethereum Forges Higher Path

Concerns over Bitcoin created a favourable tailwind for Ethereum (ETH/USD), which is the world’s No. 2 digital currency by total assets. Ether’s price topped $340.00 on Monday and later settled at $323.54. That was the highest since June 20.

At its peak, ether was up 10% on the day and 70% for the month of August.

The ETH/USD was last down 2.2% at $315.02, according to Bitfinex. Prices are due for a brisk recovery, based on the daily momentum indicators.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Fractured Bitcoin Community

Bitcoin and its offshoot, Bitcoin Cash, retreated on Monday following a volatile weekend. The BTC/USD slumped at the start of the week and was down more than 3% on Tuesday, with prices falling below $3,900.00. Just last week, Bitcoin was trading at new records near $4,500.00.

Bitcoin Cash, which emerged after the Aug. 1 hard fork, climbed to new records on Saturday, but has been in free-fall ever since. The BTH was down another 20% on Tuesday to $594.49, according to CoinMarketCap. Its total market value has dropped by several billion over the past two days.

Analysts say that a “fractured” Bitcoin community has made Ethereum a more attractive bet this week. The ether token has shown remarkable poise over the past seven days, despite trading well shy of a new record.

Other drivers behind Ethereum’s advance are steady demand from South Korean investors and growing confidence in a smooth upgrade for the the ETH network. The upgrade, which has been dubbed “Metropolis,” is expected in the next several weeks. Its key benefits include tighter transaction privacy and greater efficiency.

Ethereum Prices Unaffected by ICO Heist

Fin-tech developer Enigma was on the receiving end of a cyber-heist on Monday after hackers took over the company’s website, mailing list and instant messaging platforms. The hack occurred three weeks before Enigma’s planned Initial Coin Offering (ICO) for September 11.

In addition to defacing the company’s website, the hackers pushed a special “pre-sale” ahead of the ICO. While many users realized it was a scam, 1,492 ether tokens – valued at $495,000 – were directed into the hackers’ cryptocurrency wallet by unsuspecting backers.

The irony in all this is that Engima is a cryptography company that prides itself on top-notch security protocols. The company issued a statement that its servers had not been compromised.

ETH/USD (Bitfinex)

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Continue Reading

Breaches

Ethereum Prices on Track for 35% Monthly Drop

Published

on

It has been a difficult month for ethereum. The world’s No. 2 digital currency has lost a third of its value over the past 30 days following a series of cyber breaches targeting vulnerable wallets and ICOs.

// -- Discuss and ask questions in our community on Workplace.

Ethereum Struggles to Regain Momentum

Ethereum (ETH/USD) was trading near $197.00 Sunday at 6:30 BST, according to Bitfinex. That represents a decline of around 5%. At current values, ethereum’s market cap was $18.4 billion.

The ETH/USD exchange rate has struggled throughout July, with prices briefly falling below $160.00. The decline, which amounted to a 60-day low, lured bargain-hunters back into the market. After surging back toward $250.00, the ETH/USD has consolidated below the $220-mark, which continues to offer strong resistance. On the opposite side of the spectrum, major support is located at $180.00.

A price recovery may prove elusive in the short-term, with the Relative Strength Index (RSI) and Stochastic indicator signalling weak underlying momentum.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Despite its recent decline, ethereum’s value has surged more than 2,200% this year.

Cyber Attacks, SEC Weigh on Market

The ethereum network suffered a large-scale cyber breach earlier this month resulting in the loss of tens of millions of dollars. A community of ethical hackers quickly banded together to “rescue” hundreds of millions of dollars worth of tokens.

Blockchain-based trading platform Coindash was also hijacked during an initial coin offering (ICO). The breach exposed Coindash’s ether wallet address, resulting in the loss of $7 million worth of ether.

The Securities and Exchange Commission (SEC) has also taken an interest in the ethereum-based ICO market. Last week, the regulator concluded that a certain multi-million dollar token sale last year violated securities law. Although ICOs have been compared to crowd-sourcing, the SEC maintained that some tokens were in fact securities.

Analysts say the SEC ruling could impact the future of ICOs, although it remains unclear how the regulator is pursuing this market. The SEC’s July 25 press release cautions investors about ICOs in general.

ETH/USD (Bitfinex)


Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Continue Reading

Trending