Recent Posts

Soundcloud Receives $170m in Fresh Funding

Soundcloud Receives $170m in Fresh Funding

Reports earlier this week reveal that online audio distribution company Soundcloud managed to secure $170 in investment, staving off immediate money problems. The Berlin-based company was threatened with closure, signaled by a drop in valuation from $700 million in 2014. Difficulties came to a crux in July when 40% of the workforce had to be laid off, and management had to admit to shareholders that the company would not be able to continue without additional funding. Sources say that Soundcloud will be rolling out major changes after receiving the money, such as cost reduction measures, additional monetization plans, and a […]

Study Reveals GoDaddy Use Best Password Practices

Study Reveals GoDaddy Use Best Password Practices

A recent study by password app maker Dashlane revealed that web hosting company GoDaddy uses the best password security measures, compared to 40 other popular online service providers. The study included top companies such as Netflix, Uber, and Spotify, which got some of the lowest scores. Dashlane stated that they were surprised these extremely popular companies employed lax password security measures. Other companies that got top scores were Stripe and Quick Books. Scores for all of the websites involved in the study can be seen in an infographic called “Dashlane’s Password Power Rankings 2017”.        Source: Bleeping Computer

Hours After Hitting $3800, Bitcoin Soars to $4000

Hours After Hitting $3800, Bitcoin Soars to $4000

Just 24 hours after trading around $3700, leading cryptocurrency Bitcoin rallied up to $4135. This strong uptrend comes after a controversial month that Bitcoin weathered through. Experts believe that surviving the hard fork and SegWit developments, as well as the increased scrutiny over initial coin offering frenzy help cement confidence in Bitcoin’s future. Opinions, however,  are currently divided on where the currency is headed. While Wall Street analysts are currently expressing positive sentiments towards the cryptocurrency, peaking the interests of non-technically inclined investors, there seems to be an equal number of pundits in the opposing camp that believe the bubble […]

Onavo App Gives Facebook Early Insight on Competitors

Onavo App Gives Facebook Early Insight on Competitors

Earlier this week, the Wall Street Journal reported on how Facebook’s Onavo app gives the social media giant its competitive edge. Onavo Protect, a data security app developed by an Israeli mobile analytics company, has already been downloaded by millions of users worldwide and was critical in providing Facebook insights on Snap and its flagship app Snapchat. Snapchat has a feature which is a directly competes with Instagram’s Stories. Onavo provides the user a free encryption and data security service through its app. However, he app it is also able to collect data from user’s phones that other Facebook apps […]

Former Systems Admin Charged with Hacking, Fined $1 Million

Former Systems Admin Charged with Hacking, Fined $1 Million

An ex IT officer and systems administrator for Georgia-Pacific, a pulp and paper manufacturer,  has been given a sentence of 34 months jail time and a fine of around $1 million for hacking. Brian P. Johnson was found to have launched a cyber attack against his former company using his employee account details and a VPN connection to Georgia-Pacific’s network. The FBI discovered that Johnson occasionally tampered with the mill’s settings and configurations, causing production problems. Authorities suspect that this was done in retaliation to Johnson’s sudden termination. Johnson’s case comes with the recent wave of hacking instances where disgruntled […]

Mimecast Report Revenue Increase of 40%

Mimecast Report Revenue Increase of 40%

Mimecast, an information security and email archiving company revealed a revenue increase of 40 per cent for Q1 2018. The acceleration in revenue growth and declining losses is attributed to the recent global issues regarding cloud security and ransomware. The company’s CEO and CFO say that the impressive performance is delivered by strong retention and upsell. They also relayed that the company’s response to the evolving threat landscape with services such as Sync and Recover, which enables organizations to quickly recover in the event of an cyberattack greatly helped in boosting earnings. Source: The Register UK

HBO Offers Ransom Money, Asks Hackers to Extend Deadline

HBO Offers Ransom Money, Asks Hackers to Extend Deadline

HBO is offering its hackers $250,000 to extend the deadline for one more week. In an email interview with Reuters, the cable company’s tech team said that they were doing this “in the spirit of professional cooperation”. The network, owned by Time Warner Inc., said that they needed more time to obtain a Bitcoin ransom fund, or sort out account details to wire the funds through a bank. However, an expert said that this is conventional “stall tactic”, and there was never any intention to pay the sum of $250,000, or $6 million as the hackers originally demanded. Observers believe […]

Bitcoin Hits $3800, Predicted to be Bullish

Bitcoin Hits $3800, Predicted to be Bullish

Yesterday, Bitcoin briefly touched a little over $3800 from $3709, a high that was seen as a bullish trend by the Bitcoin community. The trend is seen to be a sign of stability and potential for the cryptocurrency. Experts say that the rise over $3700 may be indicative of another uptrend and is likely caused by market confidence after the SegWit controversy. Community experts recommended buying on dips, but recently there had been very opportunities to do so.    Bitcoin pundit and Civic CEO Vinny Lingham predicted the price peak in a tweet last August 5.         Source: Coin […]

USB Devices Not Secure, May “Leak” Data

USB Devices Not Secure, May “Leak” Data

New research from the University of Adelaide in Australia have revealed that USB devices may be indirectly leaking data that can be intercepted by a hacker. Scientists from the university found out that voltage fluctuations can “leak out” of USB port data lines in a phenomenon called “channel-to-channel crosstalk leakage”. An attacker can monitor and collect this data through an adjacent USB port. These attacks can be done using a random USB drive that a hacker can leave for the victim to pick up. A number of studies have shown that most people carelessly pick up random drives and insert […]

LockState Bricks Hundreds of Smart Doors with Update

LockState Bricks Hundreds of Smart Doors with Update

Reports revealed that botched over-the-air firmware update last Tuesday disconnected hundreds of smart doors from their manufacturer server, causing them not to open.   Only one product was affected – the LockState RemoteLock 6i. LockState, the smart locks manufacturer, gave a statement in a letter to their customers that included steps to resolve the issue. However, the only two options for addressing the problem involved shipping a replacement, or returning the unit back to the company, which will take a minimum of 5-7 days. Even though physical keys can still be used to open the doors, the incident posed a […]