Independent

ComputerWorldIndependent

How blockchain is becoming the 5G of the payment industry

Credit to Author: Lucas Mearian| Date: Mon, 25 Mar 2019 03:00:00 -0700

As more blockchain-based payment networks and fiat-backed digital currencies – including one from the largest U.S. bank – emerge, experts and analysts are predicting a sea change for the financial services industry.

“I think you’re starting to see a growing consensus,” said Matt Savare, a partner who works in the technology group of New Jersey-based law firm of Lowenstein Sandler LLP. “I do quite a bit of FinTech and I can tell you my clients… the banks, are inherently conservative – at least the large ones. But once they see other banks adopt new technologies, you see it snowball. Other banks will often join on in pretty quick fashion.”

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ComputerWorldIndependent

How blockchain is becomming the 5G of the payment industry

Credit to Author: Lucas Mearian| Date: Mon, 25 Mar 2019 03:00:00 -0700

As more blockchain-based payment networks and fiat-backed digital currencies – including one from the largest U.S. bank – emerge, experts and analysts are predicting a sea change for the financial services industry.

“I think you’re starting to see a growing consensus,” said Matt Savare, a partner who works in the technology group of New Jersey-based law firm of Lowenstein Sandler LLP. “I do quite a bit of FinTech and I can tell you my clients… the banks, are inherently conservative – at least the large ones. But once they see other banks adopt new technologies, you see it snowball. Other banks will often join on in pretty quick fashion.”

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IndependentKrebs

Alleged Child Porn Lord Faces US Extradition

Credit to Author: BrianKrebs| Date: Fri, 22 Mar 2019 19:32:39 +0000

In 2013, the FBI exploited a zero-day vulnerability in Firefox to seize control over a Dark Web network of child pornography sites. The alleged owner of that ring – 33-year-old Freedom Hosting operator Eric Eoin Marques – was arrested in Ireland later that year on a U.S. warrant and has been in custody ever since. This week, Ireland’s Supreme Court cleared the way for Marques to be extradited to the United States.

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IndependentKrebs

Facebook Stored Hundreds of Millions of User Passwords in Plain Text for Years

Credit to Author: BrianKrebs| Date: Thu, 21 Mar 2019 15:17:55 +0000

Hundreds of millions of Facebook users had their account passwords stored in plain text and searchable by thousands of Facebook employees — in some cases going back to 2012, KrebsOnSecurity has learned. Facebook says an ongoing investigation has so far found no indication that employees have abused access to this data.

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ComputerWorldIndependent

Heavenly tech support

Credit to Author: Sharky| Date: Tue, 19 Mar 2019 03:00:00 -0700

Pilot fish is helping his pastor fine-tune the church LAN when he notices that the day-care facility next door has a wide-open and unsecured Wi-Fi connection.

Fish’s pastor wants to connect to the day-care center’s printer and print a document saying, “This is from your neighbors. You need to tighten the security on your Wi-Fi.”

Fish suggests that they instead print a document that says, “This is from God. You need to go to church. There’s a really nice one right next door.”

“Too bad the pastor overruled me,” says fish.

Sharky wants your true tale of IT life. If you can’t send it directly to my printer, email it to me at sharky@computerworld.com. You can also subscribe to the Daily Shark Newsletter and read some great old tales in the Sharkives.

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ComputerWorldIndependent

Slack rolls out enterprise key management, but has no plans for end-to-end encryption

Credit to Author: Matthew Finnegan| Date: Mon, 18 Mar 2019 09:28:00 -0700

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IndependentKrebs

Why Phone Numbers Stink As Identity Proof

Credit to Author: BrianKrebs| Date: Sun, 17 Mar 2019 23:25:06 +0000

Phone numbers stink for security and authentication. They stink because most of us have so much invested in these digits that they’ve become de facto identities. At the same time, when you lose control over a phone number — maybe it’s hijacked by fraudsters, you got separated or divorced, or you were way late on your phone bill payments — whoever inherits that number can then be you in a lot of places online.

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