Apparently frustrated by a lack of information about how Mt. Gox lost hundreds of millions of dollars in a security lapse, hackers hit the personal blog of Bitcoin exchange's chief executive to level charges of fraud.
The Reddit account and personal blog of Mt. Gox CEO Mark Karpeles, MagicalTux.net, were hijacked Sunday and defaced with a post that alleged the exchange kept some of the coins allegedly stolen in fraudulent withdrawals. Hackers also posted a 716MB ZIP file that allegedly contained data stolen from Mt. Gox servers on the sites as well as to Pastebin.
The data dump … Read more
I knew remarkably little about him when we first met. Alex is not his real name -- it's a pseudonym to protect his identity. But everything else about him is very real. He travels to our New York newsroom and our San Francisco office from his home near Charlotte, N.C., where he lives with his family.
Alex is one of a growing population of "privacy ambivalent" users. He keeps his Social Security number close to his chest, and rarely gives out his personal e-mail address unless he has to. But he isn't clued … Read more
Bitcoin is going through a bit of a rough patch. Just over a week after Bitcoin exchange Mt. Gox filed for bankruptcy, Bitcoin bank Flexcoin shut down after hackers stole all of its digital currency.
Hackers stole 896 bitcoins -- worth more than $580,000 based on Bitcoin's current trading value -- in an attack on Sunday, according to a note posted on the Canadian bank's site. Flexcoin decided to close its doors, saying it did not have "the resources, assets, or otherwise to come back from this loss."
Flexcoin offered more details on exactly how … Read more
Leaked from today's 404 episode:
- Apple CarPlay to bring iPhone experience to your next car's dashboard.
- This electric condom promises to supercharge your sex life.
- 60-year-old goes on Tinder tear: "By the end of the year, I had slept with 15 men, 11 of whom were in their 20s or 30s."
- A smart Netflix employee invents wristband that pauses your shows when you fall asleep.… Read more
Recently, Apple released an iOS update to address a bug with its SSL implementation, which would allow a nefarious individual on the same local network as your computer to intercept sensitive information as you browse the Web.
This type of attack, called a man-in-the-middle attack, is possible because in the latest versions of OS X and iOS (up to version 7.0.5) the operating system does not check the signature in a TLS Server Key Exchange Message, allowing a third-party to spoof a private key or simply omit using one and intercept the SSL data. Since encrypted SSL data … Read more
Not only were as many as 110 million Target customers affected by the massive hack on the retailer in December, but banks have also had to deal with the security breach.
The hack is said to have cost banks and credit unions more than $200 million, according to data gathered by the Consumer Bankers Association and the Credit Union National Association. Originally, the two associations estimated that losses tallied around $178 million but now say those costs are rising.
In all, 40 million credit and debit cards were compromised in the breach. So far, banks and credit unions have replaced … Read more
Smart home networks are rapidly gaining popularity, but some security experts worry that not enough encryption controls are coming with the products.
Security firm IOActive released an advisory (PDF) on Tuesday saying more than half a million Belkin WeMo devices are susceptible to widespread hacks. The firm uncovered several vulnerabilities in these devices, which would let hackers gain access to home networks and remotely control Internet-connected appliances.
The hacks could range from a mean-spirited prank to actually posing a danger. For example, they could be as benign as turning someone's house lights on-and-off to something dangerous like getting a … Read more
It may be news to you that some Asus wireless routers leave your computer and networked drives open to hackers, but Asus has known about the problems for months, reports indicate.
The vulnerabilities make it possible for hackers to access directories on networked drives using Asus' proprietary AiCloud option. Enabling features such as "Cloud Disk," "Smart Access," and "Smart Sync" appear to enable the vulnerability, security researcher Kyle Lovett told Ars Technica.
Enabling the file-sharing tool Samba in the router also exposes the vulnerability to hackers.
Lovett told CNET that following his report of … Read more