With lingering concerns over ways in which the 2016 election could have been underhandedly swayed in the favor of President-elect Donald J. Trump after Barack Obama requested a report on the matter, a team of blockchain-minded New York University devs have developed a potential answer after winning first prize in a development challenge.
Cybersecurity has been a major issue in elections ever since electronic voting machines were deployed in the early 1990s.
Voting had never been less expensive and easier for the electorate. The rise of cybersecurity, on the other hand, has become a major issue for the underpinnings of Democracy.
Bitcoin extortionists have hacked a high-end European bank several days ago, and now blackmailing its customers. Valartis, a Chinese-owned bank in Lichtenstein, has reportedly been hacked by unknown extortionists, according to the German newspaper Bild am Sonntag.
The hackers are demanding Valartis’ customers 10% of their life savings, paid in Bitcoin so they can protect their anonymity. If they do not comply by the 7th of December, the hackers will reportedly release all of their account details. These will then be sent to finance authorities and the media.
According to Chief Financial Officer Fond Chi Wah, the bank did not know of any money losses and that customers [...]
On the 26th of November, the San Francisco Examiner reported the San Francisco Municipal Transportation Agency (SFMTA) was hacked. Infected computers at Muni stations were reportedly downed by HDDCryptor ransomware, whose masters attempted to extort the station for bitcoin. As a result, passengers got a free ride throughout the weekend as the agency was forced to open up the gates, since they were unable to process fare payments.
Muni ticket machines, kiosks, employee laptops, email and printed services, payroll systems and SQL databases were compromised according to The Register. Out of a total of 8.656 PCs and Macs on the agency’s network, a total of 2,112 were compromised [...]
When MT Gox, bitcoin’s biggest exchange at the time, suddenly announced during February 2014 that they had “lost” almost $1 billion worth of bitcoins, some took to the blockchain to see what had happened. Their analysis led, in just a few days, to the second biggest news of that year: MT Gox still held 200,000 bitcoins, then worth $200 million, they appeared to be hiding.
Initially, there was some public debate with Gregory Maxwell, a bitcoin developer, disputing the findings, but all was confirmed when MT Gox publicly stated they had forgotten about $200 million.
The event revealed what is now widely accepted: Bitcoin provides very little privacy. All transactions are [...]