Category: Cybersecurity

FBI Director Pledges Discretion with Corporate Hacking Victims

Mar 8, 2018 / Cybersecurity

Companies that fall victim to cyberattacks and data breaches may rest a bit easier. On March 7, 2018, FBI Director Christopher Wray informed conference attendees at Boston College that the Federal Bureau of Investigation views companies impacted by hacking incidents as victims and the bureau will not be quick to disclose details of the incidents to other agencies. “At the FBI, we treat victim companies as victims,” said Director Wray. […]

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Intel Facing 32 Lawsuits Over Microchip Flaws

Feb 20, 2018 / Cybersecurity

As reported by Reuters, Intel Corp informed its customers and shareholders on Friday that it was facing 32 lawsuits relating to security flaws in its processors. The security flaws, called “Meltdown” and “Spectre,” reportedly affect almost every system since 1995. The “Meltdown” vulnerability may be exploited by hackers to steal data by accessing the highest level of memory that is used by computers to run processes. “Spectre,” which is not […]

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Bitcoin Bubble Bursting? Price Plummets Towards 50% in Losses

Jan 18, 2018 / Cybersecurity

Bitcoin’s price on one popular exchange, Coinbase, cascaded downward yesterday — dropping nearly 50% in one month from its earlier price of nearly $19,000 in mid-December of 2017, before slightly rebounding to about 35% of its mid-December value. The rapid decline has led some to wonder whether the Bitcoin bubble is finally bursting, or if the downward turn is simply a market correction reflecting Bitcoin’s equilibrium price (the price where […]

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Using Debt to Buy Bitcoin is a Bad Idea

Dec 15, 2017 / Cybersecurity

Joseph Borg, the president of the North American Securities Administrators Association and director of the Alabama Securities Commission, reported on CNBC this week that he had seen “mortgages being taken out to buy Bitcoin. People do credit cards [and] equity lines.” Investing with Borrowed Funds Is Risky Bitcoin, which briefly topped $19,000 on exchanges last week, has been aptly named “crypto tulips” by skeptics and “undervalued” by bullish investors. No […]

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