Bitcoin wallets vulnerable to security hacks

A new startling study has claimed that bitcoin wallet devices used to manage the popular digital cryptocurrency are vulnerable to security breaches and that there is need for better protection to keep users’ coins safe. Researchers at the University of Edinburgh in the UK carried out an in-depth security analysis of the communications system used in popular models of Bitcoin wallet. They created a simple harmful software, or malware, which was able to intercept messages sent between hardware wallets and computers – where users manage their Bitcoin accounts. Findings of their study revealed that users’ privacy is not protected. They …

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OWL camera

Ex-Apple, Microsoft engineers launch ‘Owl’ to sell car security cameras

Owl – a company started by ex-Apple and Microsoft engineers – has announced launch of their dashboard-mounted video camera that can see the inside and outside of the car with the idea of car security. The gadget has its own Internet connection and sensors that let it capture video if the car suffers a break-in or fender bender while unoccupied. Owl has raised $18 million in venture capital from Khosla Ventures, Menlo Ventures and others. In an interview with Reuters, CEO Andy Hodge, part of the original team behind the Apple iPod, said that Internet-connected security cameras for the home, such as …

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Information security can be improved by giving users more options: study

Researchers have suggested that businesses can improve their information security by giving their employees – users – more options. According to a recently published study in the Journal of Management Information Systems, security managers and supervisors could have greater success in motivating employees to act more securely by avoiding cold, authoritative commands, and instead create security messages that are relatable and provide options for how employees can better protect information and respond to threats. The study by researchers at Washington State University and colleagues employees may fail to realize they are putting company data at risk or have less of …

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UK holds Russian military responsible for ‘NotPetya’ ransomware attack

The UK has held the Russian military responsible for the NotPetya ransomware attack that affected thousands of computers worldwide last year. The UK government has openly accused Russian military for launching the attack adding that this is a “new era of warfare” started by Russia and it is representative of the “a destructive and deadly mix of conventional military might and malicious cyber attacks”. Russia on the other hand was quick to deny any involvement and said that the accusations are baseless and unsubstantiated. Russia says that UK’s accusation is an example of ‘Russophobic campaign’ that is not based on …

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Tinder app puts users’ privacy at risk as it lacks encryption

If you are using Tinder mobile app for dating purpose or for some other reasons make sure not to use it over a Wi-Fi from a network that is being shared by others because a new study claims that the app security protections, leaving users vulnerable to eavesdropping. According to security researchers at Checkmarx Tinder app app is not using encryption to prevent hackers from snooping on users sharing the same network. Lack of basic HTTPS encryption essentially means that anyone can extract Tinder pictures and other data such as user swipes. The Tel Aviv-based security research firm said that Tinder’s …

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