The hack occurred over the weekend. Coinrail has temporarily suspended trading in the virtual currency exchange. On Monday, with Coinrail, a South Korean cryptocurrency exchange, disclosing that it was hacked during the weekend, there followed an extended sell-off of bitcoin which saw it touch its 2-month low. In recent given the number of hacks involved…
The investigating appears to focus on Cambridge Analytica’s financial dealings. As per a New Yorks Times report, the FBI and the U.S. Justice Department are investigating Cambridge Analytica, the now-defunct political data firm that was embroiled in a massive scandal over its handling of Facebook Inc user data. Prosecutors are wanting to question former Cambridge…
Although the U.S. action could result in a tit-for-tat trade war, its biggest impact would be the breakdown of supply chain of multinational giants, including Apple Inc and General Motors Co. The presidential memorandum signed by U.S. President Donald Trump, which targets up to $60 billion in Chinese goods, is the start of a long…
This updated guidance addresses concerns on how and when public companies should disclose their cyber security risks and breaches. In a development that will significant impact tech firms, the U.S. Securities and Exchange Commission has updated its guidance to public companies on how and when they should disclose cyber security risks and breaches, including known…
According to a member of the Singapore-based NEM foundation, the purpose of the cyber heist was to test the audit trail mechanism. On Thursday, authorities from several countries have begun investigating the $530 million cyber heist involving the NEM cryptocurrency, said Takao Asayama, a member of the foundation behind the NEM cryptocurrency. Takao Asayama stated…
Hackers have stolen 1.5TB of data, including un-broadcasted episodes of Game of Thrones, from HBO, a unit of Time Warner Inc, leading some to believe that perhaps being fans of the show they couldn’t handle the suspense! In a startling development, U.S Cable giant HBO has disclosed that hackers have been able to steal its…
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