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December 1, 2016

BoE asks FinTech Firms to Help Warn Banks About Cyberattacks

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 the survey, 56 percent of respondents ranked cyberattacks within the top five.

Speaking at the Telegraph’s Future of FinTech conference, Claire Sunderland Hay, head of the Bank’s FinTech Accelerator, said one study is focusing on threat intelligence tools.

She said:

We hope [it] will lead to faster sharing of threat [...]

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October 21, 2016

Breathe Easy Bitcoiners, Quantum Computing No Match For Sha-2 Encryption

Worried about security for your bitcoin in the face of quantum computing? According to computer researchers, there’s no reason to be.

Some people assume that once quantum computing comes along modern encryption technologies will be outpowered. But experts are starting to posit that hash functions and asymmetric encryption could defend not only against modern computers, but also against quantum attackers from the future.

Matthew Amy from Canada’s University of Waterloo proposes just this in a paper by the International Association of Cryptologic Research.

Amy, and researchers from Perimeter Institute for Theoretical Physics and the Canadian Institute for [...]

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October 18, 2016

This is the Definitive Crypto Hardware Bitcoin Wallet

TREZOR is one of the best-respected Bitcoin hardware wallets in the industry.

With years of research and development on their side, CEO Alena Vranova working with her team SatoshiLabs is developing TREZOR 2, which the startup says will bring new hardware features to make use easier and more comfortable by introducing a bigger display and an entirely new software stack.

“It becomes super easy to develop any TREZOR security applications or to integrate them into the current systems,” Vranova told Hacked. “The knowledge of Python or JavaScript will be enough for people to code with / for TREZOR.”

Alena Vranova

TREZOR, which is also [...]

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September 2, 2016

As Central Banks Sell off Record US Debt, Blockchain Offers Cost Cutting for Financial Industry

Central banks are playing hot potato with America’s debt.

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