Connect with us

Business

Yahoo Demos Password-Free Logins and End-To-Encrypted Email

Published

on

It’s no secret that governments around the world are doing their best to snoop on civilian communications. Intelligence organisations like the NSA and CIA have tried everything, from infecting hard drive firmware to targeting popular mobile devices. Since Edward Snowden’s reports about government surveillance, technology companies have started boosting privacy measures to protect users and regain their trust. 

Back in June 2014, Google announced a Chrome plugin to provide end-to-end encryption for Gmail users. Yahoo also announced that it was working on a version of Google’s plugin for Yahoo Mail users. Just recently, Yahoo showed off the company’s progress on end-to-end at the SXSW festival in Austin, Texas and introduced a new, password-free login system.

Security vs. Usability

Yahoo Demos Password-Free Logins and End-To-Encrypted EmailMost users are reluctant to adopt strong online security measures since that often means sacrificing ease-of-use. For instance, most tech companies now support two-factor authentication, which adds an additional one-time password to your account that can only be obtained from your mobile device. While this method of authentication is significantly more secure, it also slows users down since it adds an additional step. Yahoo hopes that it can find a perfect balance between security and usability with its new authentication system.

“We’ve all been there…you’re logging into your email and you panic because you’ve forgotten your password. After racking your brain for what feels like hours, it finally comes to you. Phew!

Today, we’re hoping to make that process less anxiety-inducing by introducing on-demand passwords, which are texted to your mobile phone when you need them. You no longer have to memorize a difficult password to sign in to your account – what a relief!”

Yahoo’s “on-demand passwords” allow users to always have a strong, ever-changing password that they don’t need to memorize. While this is inherently less secure than two-factor authentication, on-demand passwords may just strike the perfect balance between convenience and security. The only problem would be if a user were to lose his/her mobile phone.

The on-demand passwords feature is available today for U.S. users to try. However, that’s not the only new security feature from Yahoo. The company has also demoed its end-to-end plugin, which Yahoo hopes to have ready for the public by the end of the year.

Yahoo’s end-to-end encryption system is a lot more user-friendly than traditional methods like GPGTools. However, it still may not be as convenient as sending a regular email, and the company doesn’t expect users to use end-to-end for everything. As Yahoo’s security chief Alex Stamos told the Washington Post, the majority of users’ emails would still remain unencrypted. Users would only encrypt emails containing particularly sensitive information.

“What we’re trying to do at Yahoo is build our products so they’re safe and trustworthy, not just secure.”

-Alex Stamos, Yahoo Inc. Chief of Security

Images from Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

I've always been interested in the latest stuff in science and technology, and I'm currently a freshman undergraduate electrical engineering student at the University of Texas at Austin.




Feedback or Requests?

6 Comments

6 Comments

  1. StoneAge

    March 18, 2015 at 2:54 pm

    What will Yahoo do when I cannot receive a text where I am? Will there be a “Phone me” option? That is the only thing I can get to work for two factors in Belize. I do NOT get texts from over seas.

  2. Dwallin60

    March 18, 2015 at 4:50 pm

    If ever there was a time to observe & recon to the warnings of Snowden, it is now. I am disappointed, but not surprised that Yahoo chooses to compromise network security

  3. Dwallin60

    March 18, 2015 at 4:52 pm

    why not offer a 2-tier choice within Yahoo parameters so l can voluntary opt-in for which ever one best serves CHOICE for level of security and not Yahoo’s CIO “security chief”. Quit taking away our choices, please.

  4. ΔИθᴎЎϻɸᵿƧ

    March 18, 2015 at 9:54 pm

    I use a nice long, strong Yahoo alphanumeric and symbolic password that’s stored with LastPass, a good password manager which I believe has been hacked only once. I’ve never had a problem with it, and it’s perfect for my needs. I can imagine that all my passwords, over time, collectively, have most probably been hammered at quintillions of times, or even more, without success. That’s because I usually make them up with the maximum number of random characters a site will allow. Somebody’s gonna have to get up pretty damn early in the morning to get into my stuff :o)

    Two factor authentication is currently being used with Google and cryptocurrency sites such as Coinbase. This wouldn’t be needed at all if people would only use password managers and long, strong passwords, but people in general typically choose convenience over security. Although a bit more difficult, they don’t suspect that a longer password like “BµNnYr@Bb!T” can be fairly easy to hack, even with the “micro” symbol (µ) in it. They also cannot imagine why a complete stranger would want access to their email account, and figure that a simple password like “132546” will suffice.

    A lot of people who are not independently wealthy, like me, need money for bills, but don’t necessarily like to work for it, even if many of us enjoy our work and take pride in it. I’m one of those, but others simply go to work, and then don’t do any work, or as little as possible, until they’re fired. In my experience, this is typical of young people who were born in a post-Reagan world, after 1988.

    And then there are still others who cannot imagine performing manual labor for a living. Learning white hat computer skills is fine; I can do a certain amount of that myself since I always build my own desktop and laptop computers, and can repair them. However, I prefer to go the pre-www route, or the era prior to the mid-1990’s. At the time, I was already in my 30’s, and had always had a real world, brick and mortar job.

    First, understand that the internet was invented as ARPANET by the military in 1969. It is considerably older than the world wide web, or www. As the internet and the www mature over time, it’s the black hat computer skills which ought to be discouraged. Two factor authentication and one-time passwords should go a long way to providing good network security, without sacrificing a lot of convenience.

  5. andrea

    March 19, 2015 at 10:09 am

    good bye Yahoo, hello http://www.unseen.is

  6. RJF

    April 10, 2015 at 3:21 pm

    Yahoo? Who’s that?

You must be logged in to post a comment Login

Leave a Reply

Business

Uber: $120 Billion IPO?

Published

on

Uber Technologies Inc., the global ride-hailing giant, is reportedly eyeing an initial public offering (IPO) worth as much as $120 billion. According to The Wall Street Journal, the IPO could take place early next year, giving investors ample time to prepare.

More Valuable than the Auto Giants

The $120 billion value proposal was delivered to Uber last month by Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), two of Wall Street’s largest banks. The banks were presumably advising Uber on how to position stock offerings to potential investors before underwriting the IPO.

The new valuation far exceeds the one Uber received from Toyota Motors Co (TYO), which priced the ride-sharing service at %72 billion.

At $120 billion, Uber would be worth more than the General Motors Co (GM), Ford Motor Co (F) and Fiat Chrysler Automobiles (FCA) combined. The Detroit auto giants have seen their valuations rise in the wake of the financial crisis, buoyed by a prolonged recovery and increased appetite for automobiles. However, their growth has paled in comparison to Uber’s, which was founded in 2009.

Uber’s expansion hasn’t been without growing pains. The company has been mired by regulatory bottlenecks, workplace scandals and the alleged theft of trade secrets from Alphabet Inc. (GOOGL), Google’s parent company.

It is not entirely clear what metrics the Wall Street banks used to evaluate Uber’s potential value. The company reportedly told Morgan Stanley it won’t be profitable for at least another three years, though annual revenues are expected to reach up to $11 billion this year. That’s a marked rise over the $7.78 billion generated in 2017.

While there’s no guarantee that Uber will go public in the proposed timeframe, it must issue a public offering by the end of 2019, according to WSJ sources. That’s the agreement it has in place with investor SoftBank Group Corp.

Uber by the Numbers

Uber’s startling growth over the past nine years can be represented by a few statistics. As of May 8, 2018, the company had 19,000 employees. This doesn’t include the more than 3 million drivers who are getting paid through the ride-hailing service. Since inception, Uber drivers have completed some 10 billion rides. This averages out to about 15 million rides each day. Gross bookings in 2016 alone amounted to $20 billion.

As of June, 75 million riders were using the Uber app. In the U.S. alone, adult users are projected to reach 48 million by the end of 2018. The Uber app is installed on 21% of U.S. adult Android devices.

Currently, Uber owns up to 87% of the U.S. ride-hailing market. The growth and widespread adoption of the service has opened the door to other competitors, with Lyft being the biggest. Founded in 2012, Lyft is available in about 220 cities across the U.S. as well as in major cities across Asia.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
2 votes, average: 5.00 out of 52 votes, average: 5.00 out of 52 votes, average: 5.00 out of 52 votes, average: 5.00 out of 52 votes, average: 5.00 out of 5 (2 votes, average: 5.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.6 stars on average, based on 647 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.




Feedback or Requests?

Continue Reading

Business

Argo Mining as a Means of Diversification

Published

on

Buying Bitcoin (or any cryptocurrency) is something we talk about a lot, but earning crypto is just as interesting. There are many ways to earn crypto that allow for arbitrage-like opportunities, but the focus of this piece is on mining companies.

More specifically, Argo Mining, which is the first cryptocurrency mining company to IPO. That might not sound like a big deal, but it gives Argo a critical competitive advantage over other companies.

The Mining Industry

One thing is clear right now, the mining industry is still very opaque. Users are constantly worried about being scammed, which is very similar to how it was when trading exchanges were popping up left and right. There are numerous options out there for companies that will help you mine cryptocurrency, but it isn’t always clear what the best choice is.

You can go one of two routes: have a mining application operate on your computer, or pay for a rented service. Honeyminer is an example of a native application that works well and pays out cryptocurrency, and Argo is an example of a “shared service”. Argo operates much like Amazon Web Services does. You pay to rent computational capabilities, but your goals end up being slightly different. The business models are sound, but very different.

Where Argo’s Advantage Comes From

Argo is the first mining company to IPO, which adds a level of trust that no other company can currently command. There are so many potential risks for users that they tend to shy away from these companies. They are worried about their payment information being ripped off, withdrawal of the coins, and the costs being greater than the revenues.

By raising $32 million in their June 11th IPO, Argo has alleviated many of these worries, and added a degree of trust to their brand. They started off mostly mining altcoins such as Bitcoin Gold, Ethereum, Ethereum Classic, and Zcash, but have recently announced Bitcoin mining packages as well.

The overall goal of Argo, as stated by their CEO, Jonathan Bixbay, is to democratize mining so everyone can participate. Right now, most of the mining is done by a select few of the elites, and Argo is enabling the wealth to be spread here.

Can Argo Actually Make You Money?

The big question to answer about Argo is whether you can actually make money doing this. The costs per month could potentially be higher than the value of the crypto you mine. Sure, you don’t have to pay trading fees on them, but it is important to calculate exactly how much you are coming out ahead.

It depends on the package, but you could potentially end up paying more for the fees than you earn. The trick is to remember that the crypto market isn’t like other markets – it isn’t perfectly efficient – and there are always arbitrage opportunities if you look hard enough.

An Alternate Route to Being Long Crypto

With much of crypto mining currently being done by elites because of the massive investment involved, it is clear that Argo has tapped a massive market. The company had a waitlist of 50,000 in September, and with the funds from the IPO, they can finally finance the expansion of their operations in a way that will speed up the number of people they can bring online.

If you believe Bitcoin (or cryptocurrencies in general) is coming out of a rut soon, then this is a good way to diversify into the market. Do your own tests and make sure that you are coming out ahead after the fees, but it should be a simple way to make some extra money in what is currently an inefficient market.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.1 stars on average, based on 41 rated posts




Feedback or Requests?

Continue Reading

Altcoins

Ripple Price Analysis: XRP/USD at Risk of September Bull Run Being Completely Deflated

Published

on

  • Ripple’s native token XRP is at large danger of totally giving back the big September bull run gains. 
  • XRP/USD is capped to the upside at $0.6000. Vital near-term support seen tracking from $0.4550-0.4350.

Ripple’s native token XRP price has further been sent down to the burning south. This comes after the chunky and excessive bull run observed at the back end of September. XRP/USD had run higher by some 190%, from lows of around $0.27. Bulls managed to see a spike up, just short of $0.8000, within the early $0.7900 territory. Since this initial big trek to the north, up to mentioned highs, the price has dropped around 40%.

September Recap

There was not one catalyst behind the rocket move of around 195% in September for Ripple’s XRP. A few developments are worth recapping. Fintech heavyweight in Japan, SBI Holdings, announced their plans to launch a Ripple-powered mobile payment application known as MoneyTap. Elsewhere, London-based firm TransferGo announced they are using Ripple’s blockchain. This will be to facilitate digital currency transfer from Europe to India.

Furthermore, the litigation between R3 and Ripple Lab announced that they have reached a settlement of all outstanding litigation between the parties.  To top all the above, there was huge anticipation ahead of the xRapid product launch. This is now live, available for commercial use, allowing both individuals and businesses to access instant liquidity and low fees, using Ripple’s XRP. This trumps the traditional process of a 2-3 day wait. A sense of buy on the rumor sell on the fact was definitely observed here.

Technical Review

XRP/USD is on its journey south, looking to completely give back September’s run higher. Starting off with resistance, as can be seen the price upside has been capped at $0.6000. There hasn’t been enough momentum since the exhausted rally, to clear this chunky supply cap. Firm rejections have been observed at the mentioned resistance block since the bull run. If life kicks back into the bulls, they will need to comfortably settle around $0.7500, before then conquering $0.8000. Ripple’ XRP is still a long way away from of reclaiming the big psychological $1.00, with much supply even seen within the early to mid $0.9000 region.

XRP/USD 4-hour chart

Given current downside momentum, near-term support is now eyed from a range of $0.4550-0.4350. This is a demand zone, having proven to be the case during the fall on 25th September. The price managed to receive a bid within this area, moving back towards the $0.6000 resistance, before again faltering. Should the demand zone fail to hold, there will likely be a very fast move, back down to 0.2700-0.2500 area. XRP/USD had been within consolidation mode, for much of September, it was floating around this territory.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
3 votes, average: 2.33 out of 53 votes, average: 2.33 out of 53 votes, average: 2.33 out of 53 votes, average: 2.33 out of 53 votes, average: 2.33 out of 5 (3 votes, average: 2.33 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 33 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




Feedback or Requests?

Continue Reading

Recent Comments

Recent Posts

A part of CCN

Hacked.com is Neutral and Unbiased

Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

Trending