Steven Needham

bitcoinpulse:

All money is a matter of belief. -Adam Smith #btcfreedom

bitcoinpulse:

All money is a matter of belief. -Adam Smith #btcfreedom

— 2 months ago with 1 note
Bitcoin Is Actually Illegal In California, But That Could Change Soon →

bitcoinpulse:

bitcoin

Thanks to one of those bizarre laws that’s outlasted its usefulness, Bitcoin has technically been illegal in the state of California since the 1870s. Now, California Gov. Jerry Brown could fix that by signing a single bill, the San Francisco Business Times reports.

Assemblyman Roger Dickinson (D-Sacramento) wrote the bill that would legalize not just Bitcoin, but all forms of alternative and digital currency, from cryptocurrencies like Litecoin and Dogecoin to rewards points like Starbucks Stars and Amazon Coins, the San Francisco Business Times reports.

The bill stemmed from the state of California filing of a cease-and-desist order against the Bitcoin Foundation in May 2013, Bitcoin Magazine reported. Soon after talk of reform came to the California Legislature and the bill was written and passed.

Now all it needs is Brown’s signature, according to Coindesk.

"I saw this legislation as a ways of cleaning up the code in California to conform to reality," Dickinson told the San Francisco Business Times. Dickinson isn’t quite a supporter of Bitcoin, who told the publication he thinks the federal government should regulate the cryptocurrency.

Earlier this year New York State started considerations for opening itself up to Bitcoin exchanges, CBS News reports. For California and Silicon Valley to compete with the Empire State legalizing Bitcoin and its fellow digital currencies is certainly the first step.

SEE ALSO: Prices fall as Bitcoin confronts doomsday scenario

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— 2 months ago with 2 notes
How A Hacker Nabbed $600,000 In Two Months By Googling People's Home Networks →

bitcoinpulse:

hacker-identity-theft-fraud

Sometimes a hacker does something so brilliant, we can’t help but marvel at it.

In this case, a hacker figured out how to control certain home networks to mine for a computer currency called Dogecoin, netting over half a billion dollars in a matter of months.

The hacker’s exploits were documented by Dell’s security team, which points out that the hacker used a competitor’s computer storage product to do the dirty work. 

The Dell team traced the likely culprit to a German-speaking person who goes by the code-name of “Folio” on GitHub. (GitHub is a cloud service where developers post and share their software projects.).

Folio used a security flaw in a computer storage product called Synology, Dell says. Synology’s computer storage product is easy to set up, so it has become popular with people who store a lot of songs, movies, and other multimedia files on their home networks.

In 2013, a security researcher discovered a flaw with the Synology product that let a hacker find, and ultimately control, these computer storage devices by searching for them on Google. 

The company fixed the vulnerably and released a patch. But between the time the researcher told the world about the flaw and the company patched it, the hacker named Folio went to work.

Folio discovered vulnerable computer storage boxes and put them to work to “mine” for Dogecoin. 

Dogecoin is a computer currency like Bitcoin and is created by “mining,” which involves getting computers to answer a series of cryptographic questions to unlocks new coins. It takes a lot of computing power to answer these questions. People actually buy specially made computers to do it.

Or, if you are smart enough, you can string together a bunch of computers owned by other people and put them to work mining for you.

Folio was able to nab 500 million Dogecoin, equivalent to $620,496, finding most of the coins in January and February right before the patch was released, the researchers discovered.

The Dell team thinks this could be the most profitable illegal hacker mining operation of Dogecoin ever discovered.

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— 3 months ago with 1 note
We “will be paying no ransom,” vows town hit by Cryptowall ransom malware →

btc-news-bot:

The town manager of a hamlet in south eastern New Hampshire has defied demands that he pay a ransom to recover police department computer files taken hostage by Cryptowall, a newer piece of malware that encrypts hard drive contents of infected machines until…

— 3 months ago with 1 note
arxsec:

The NIST Framework: Cybersecurity’s best line of defense

— The National Institute of Standards and Technology, or NIST, Framework for Improving Critical Infrastructure Cybersecurity is an excellent foundation …

arxsec:

The NIST Framework: Cybersecurity’s best line of defense

— 3 months ago with 1 note
arxsec:

Information Sharing is the Key to Cybersecurity

— It’s difficult to ignore the continual and seemingly never-ending onslaught of news lately that’s focused intensely on recent instances of data loss and …

arxsec:

Information Sharing is the Key to Cybersecurity

— 3 months ago with 1 note
creativemornings:

"Academia has become so specialized. People are sitting right next to each other and they’re not talking to each other."
— Dustin Yellin.
Watch the talk.

creativemornings:

"Academia has become so specialized. People are sitting right next to each other and they’re not talking to each other."

— Dustin Yellin.

Watch the talk.

— 3 months ago with 64 notes
arxsec:

Enterprise Organizations Are Taking Steps to Improve Cybersecurity Analytics

— The eBay hack is just the latest in a perpetual series of bad cybersecurity news. What’s worse here is that eBay is no slouch when it comes to …

arxsec:

Enterprise Organizations Are Taking Steps to Improve Cybersecurity Analytics

— 3 months ago with 2 notes
arxsec:

Hypothetical Scenarios of Cybersecurity Catastrophes Might Aid Insurance Companies

— May 22 — Assessing the risks of hypothetical cybersecurity catastrophes might help insurers determine what assets of a company are at risk, Andrew …

arxsec:

Hypothetical Scenarios of Cybersecurity Catastrophes Might Aid Insurance Companies

— 3 months ago with 1 note