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First Counter-Hacking, Now Legal Hacking: Sony is Trying to Silence the Media

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Sony, the Japanese company which made its original fortunes by developing Japan’s first tape recorder and later by creating and exporting a high-quality transistor radio, has been in the news a lot lately but not because of the Playstation 4 or anything tied to it.

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Rather, as you may know, Sony Pictures Entertainment, the film studio owned by the conglomerate, was hacked this month by a group which, if not directly tied to North Korea, is sympathetic to the hermit kingdom and claimed its motives were the result of the new movie in which two comedy actors are dispatched by the CIA to assassinate the country’s dictator.

Also read: Sony is Counter-Hackingwith DDoS Attacks 

Sony Itself Breaking the Law

silencing mediaUnderstandably, Sony is quite upset by this turn of events, and last week we reported that it had taken to using DDoS attacks with computers based in Asia to thwart attempts at torrenting some of the movies stolen in the hack. Though the likelihood of the Torrent Sites pursuing legal action or being championed by the federal government is slim, it is important to note that such a tactic is actually illegal in the United States and several people have found themselves behind bars as a result of doing DDoS attacks.

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Sony Using the Law After Breaking It

Sony has not stopped there, however. Sony is not just upset at the people who’ve made a mockery of their network security and leaked troves of sometimes-embarassing documents about them – it’s also now threatening legal action against those who are reporting on the affair. In a letter from Sony Pictures legal counsel David Boies, Sony makes it apparent that they do not understand the laws applying to journalism:

We have reason to believe that you may possess, or may directly or indirectly be given, illegally obtained documents or other information stolen from SPE (the “Stolen Information”), pursuant to the perpetrators’ scheme. The Stolen Information includes, but is not limited to, documents and information protected under U.S. and foreign legal doctrines protecting attorney-client privileged information, attorney work product, and related privileges and protections, as well as private financial and other confidential information and communications of SPE”s current and former personnel and others, confidential personnel data, intellectual property, trade secrets and other business secrets and related communications, and other confidential information. […] If you do not comply with this request, and the Stolen Information is used or disseminated by you in any manner, SPE will have no choice but to hold you responsible for any damage or loss arising from such use or dissemination by you, including any damages or loss to SPE or others, and including, but not limited to, any loss of value of intellectual property and trade secrets resulting from your actions.

Journalists and News Outlets Protected

It has been time and again established in US courts that so long as the journalists or news organizations themselves did not hack or otherwise acquire its sources by illegal means, then they are protected by the 1st ammendment along with a host of judicial precedents.

This is no different than when the New York Times used documents obtained by WikiLeaks to publish some of the most dynamite reporting of our era regarding the War on Terror, treatment of prisoners, and other things the government would rather have remained secret. Bradley Manning, of course, did not have any of the same legal protection since it was he who broke the law. The same standard applies here: the news organizations have not broken the law and therefore have constitutional protection to publish freely; the people who breached Sony’s security, on the other hand, are in deep trouble if they ever get caught.

Aaron Sorkin Opining In Favor of Sony

Sony Pictures Entertainment has the backing of the formidable Aaron Sorkin, who wrote a piece in the New York Times accusing news outlets of helping the hackers by blowing up the data they’ve uncovered. Sorkin’s next big movie, Steve Jobs, has been a subject of some of the articles going around the Internet. Here is a snippet of what he had to say against the news media:

I’m not a disinterested third party. Much of the squabbling between Ms. Pascal and Mr. Rudin was about a movie that’s about to begin shooting, “Steve Jobs,” for which I wrote the screenplay, so my name comes up from time to time. The widely published documents that were stolen include an email to Ms. Pascal in which I advocated going to Tom Cruise for the lead role (I did), a second email from one executive to another speculating that I’m broke (I’m fine) and a third that suggested that I might be romantically involved with a woman whose book I’m using as source material for a new script (I wish). […] I don’t care. Because the minor insults that were revealed are such small potatoes compared to the fact that they were revealed. Not by the hackers, but by American journalists helping them.

While he does not bother justifying the assumption that the hackers themselves are not American (there’s not a lot to prove what nationality the hacker is or is not – a computer in a hotel room in Thailand was used, that much is known), he does justify his accusation that American journalists are “helping” the hackers. He says that since the articles have nothing to do with the public good (nevermind that Sony Pictures executives make racist comments about the president), the journalists are not acting with the public good in mind.

But some might say he’s just acting in defense of the hand that feeds him.

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2 Comments

2 Comments

  1. Thomas Wolf Tompkins

    December 21, 2014 at 7:15 pm

    Well Sony did invent the root kit which has plauged the internet ever since.

  2. Mirco Romanato

    December 22, 2014 at 2:14 pm

    “nevermind that Sony Pictures executives make racist comments about the president”

    nevermind freedom of speech is applied equally to everyone without questions or distinctions.

    Are black people (or half-black in the case of the POTUS) the only permitted to be racists?

    Attacking Zimmerman and the police in the Trayvon Martin case was just RACISM.
    Siding against the victim of a crime (Zimmerman) to score political points supporting the criminal just because he was black (Trayvon Martin) is just plain racism or political opportunism.

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New York-Based TokenBnk Launches Crypto Savings Account

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The blockchain ecosystem is budding with innovation. TokenBnk has added its name to the list of most interesting blockchain startups when it launched a decentralized application that functions very much like a traditional savings account.

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Traditional Finance Meets Cryptocurrency

New York-based TokenBnk is the world’s first Ethereum-based savings account. The general idea behind TokenBnk is that you can deposit tokens into your Savings Contract (instead of a savings account) and earn rewards in the same token you hold. It operates very much like a traditional bank account, only for cryptocurrency. That’s kinda what we’re all about here at Hacked.

To illustrate how the platform works, suppose you receive 1,000 TBK as a reward and hold 500 of them in ether and 500 in OmiseGo. You will receive the same proportion of tokens back into your Savings Contract, thereby boosting your position size.

To withdraw ether from your savings account, you must pay a predetermined fee using the platform’s native TBK token. The fee is distributed as an award throughout the network via smart contract. The amount network participants receive is proportional to the percentage of the Total Network Value they represent.

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The Launch

TokenBnk emerged-by-stealth on or about Thursday, much to the surprise of the author, who has been anticipating this project for quite some time. The release was accompanied by an 11-page whitepaper and plans for a Nov. 30 token launch.

The protocol is being audited as we speak before beta testing goes live. TokenBnk will launch via mobile app some time in Q1 2018, followed by a full platform launch later in the year.

The development team behind TBK is impressive, with the main website listing 14 young men who can’t be more than 35 years old. The team hails from some of America’s most prestigious universities, such as Stanford, Princeton, Columbia, Carnegie Mellon and NYU. Private sector experience is also exemplified with stints at Amazon, AngelList and J.P. Morgan. (We’re glad the former JPM employees at TokenBnk didn’t drink from the same Kool-Aid as Jamie Dimon.)

TokenBnk CEO Shayne Coplan makes a strong case for his platform, especially for those of us keen on investing in cryptos over the long term.

“Currently, most long term holders leave their tokens in their Ethereum wallet, but why do that if you can yield automated regular returns by storing them on the blockchain as part of the TokenBnk network?” Coplan told Hacked. “The idea of holding fiat currency long term and earning no ROI is considered foolish, and it will be no different for cryptocurrencies.”

Coplan was part of the ETH presale back in 2014. With ether prices recently surging past $300, most market participants probably regret trading it right off the bat.

“In hindsight, the buy and hold strategy massively outperformed even the most successful of traders,” Coplan adds. “With the new wave of tokens arriving in the market over the next few years, hopefully TokenBnk can help token holders avoid making that same mistake.”

Ether trails only bitcoin in the race for market cap and is widely considered one of the most promising cryptos from a development point of view.

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Blockchain, Insurance and the Crisis of Trust

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Blockchain has been described as the modern-day cure for many ailments facing industry. For insurers, the ledger technology can change the way businesses process claims, share data and prevent fraud.

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Blockchain for Insurance

Fin-tech disruption has played an important role in reshaping the insurance industry. The internet, mobile devices and even data analytics have become indispensable to modern-day insurance providers.  What’s more, the industry full expects this disruption to intensify in coming years.

A survey of financial service providers conducted by PwC found that nearly three-quarters (74%) of insurers identified their own industry as the most likely to undergo significant change as a result of technology. That survey was conducted long before blockchain was even a thing for the average observer.

Fast forward to today, and blockchain is all the rage. Beyond the hype, the ledger technology has radically transformed our perception of record-keeping and trust. As a self-managed system, it can help insurers coordinate claims and boost efficiency without the need for an intermediary.

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Improving Trust

Most people have or at some point will interface with the insurance sector. It is here that they will likely experience the crisis of trust that have caused many to go uninsured. Recent earthquakes in California revealed that only 17% of the state’s homeowners have insurance to cover the natural disaster.

Of course, everyone in the state knows about the San Andreas fault. The choice to go uninsured is a rational one aimed at circumnavigating an industry plagued by a lack of trust. Blockchain isn’t some magic bullet that will fix this problem. But what it can and will provide is transparency.

More transparency can create a more efficient insurance sector by reducing or eliminating all together the need for manual processes. As anyone who has tried to switch healthcare providers knows, manual data entry is prone to huge risks, not to mention fear of losing personal data.  Through blockchain, personal data may be controlled by an individual, but verification is registered on the immutable ledger book.

Blockchain also provides smart contract capability, which can greatly enhance claims processing. By recording and verifying contracts on the ledger, insurers can guarantee that only valid claims are made. For consumers, it also means not having to fill out cumbersome paperwork.

Insurers are also leaning on the blockchain to detect fraud, which drains businesses out of tens of billions of dollars annually. The blockchain’s permanent record provides a decentralized repository insurers can use to verify every customer, policy and transaction. Before the blockchain, this would have required extensive cooperation between various actors.

There’s already a budding community of blockchain companies involved in the insurance industry. Together with other finance companies, they are among the biggest draws of the ICO market. According to CoinSchedule, more than 9% of the total funds raised via ICOs this year have come to finance companies.

When it comes to blockchain, insurance is another sector investors should carefully monitor. It is highly lucrative, but suffers from huge flaws that these new technologies can help fix.

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Gizer and Gaze Coin Join Forces to Shape eSports Future

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Global gaming network Gizer has joined forces with VR platform Gaze Coin in a bid to transform the eSports economy.  The companies are expected to boost monetization channels while providing new opportunities for virtual reality-based gaming.

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Partnership Announced

The strategic partnership, which was just announced via Gizer’s Medium channel, appears to be centered on delivering gaming events in virtual and augmented reality. That’s a powerful concept for the rapidly growing eSports segment.

Gizer launched its crowdsale last month amid much fanfare, and has been ranked one of Hacked.com’s best ICOs of the year. The gaming network made headlines last month after it brought on blockchain heavyweight David Drake to its  advisory board. Drake is the Chairman of LDJ Capital and is regarded as an influential blockchain leader.

Gaze Coin’s ICO is coming down the pipeline for Nov. 28. It will be hosted on the Ethereum platform, with a total supply of 100 million tokens.

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Both companies appear to be synchronizing their development roadmaps to deliver games in virtual and augmented reality. Gizer plans to unveil its marketplace in early 2018. That’s around the same time Gaze Coin intends its launch the mixed-reality game Dream Channel, which debuted at the Cannes Film Festival this past May.

eSports Industry Is Booming

The eSports ecosystem is growing at a rapid rate, according to various research reports that peg it as a billion-dollar industry over the next two years. Earlier this year, Newzoo said it expects eSports revenues to reach $1.5 billion by 2020, with brand investment doubling over that period.

Clearly, the idea of creating professional leagues out of multiplayer games is gaining in popularity. Given the number of users already playing online, the need for an integrated network that connects all the dots and provides incentives has never been greater. The blockchain can greatly enhance the end user experience by creating a stable infrastructure to handle all transactions. This not only improves the platform, but ensures toxic members are kept at bay. (How many times have you played your favorite EA Sports game only to have to deal with members abusing one another and cheating? The blockchain is a potential remedy.)

Greater community involvement and more opportunity to grow the ecosystem are the other major benefits offered exclusively by the blockchain. And because this environment can be monetized, there’s huge incentive to grow and improve it over time.

In reality, eSports is just one of a myriad of industries currently being developed by the blockchain community. A total of 27 industries have been represented by the ICO universe this year alone, according to CoinSchedule. Gaming and VR token raises have been among the most lucrative, drawing in more than $120 million through the first ten months. That’s roughly 4% of the $3.25 billion in ICO funding raised this  year alone.

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