Tag Archives: Internet

Is block power about to revolutionise banking? | John Naughton

Blockchain technology has the potential to bring the world of finance into the modern world. And it cant come soon enough Science advances, said the great German physicist Max Planck, one funeral at a time. Actually, this is a paraphrase of what he really said, which was: A new scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die, and a new generation grows up that is familiar with it. But you get the drift. […]

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‘Accidental hero’ halts ransomware attack and warns: this is not over

Expert who stopped spread of attack by activating softwares kill switch says criminals will change the code and start again The accidental hero who halted the global spread of an unprecedented ransomware attack by registering a garbled domain name hidden in the malware has warned the attack could be rebooted. The ransomware used in Fridays attack wreaked havoc on organisations including FedEx and Telefnica, as well as the UKs National Health Service (NHS), where operations were cancelled, X-rays, test results and patient records became unavailable and phones […]

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WannaCry ransomware has links to North Korea, cybersecurity experts say

Similarities spotted between details of last weeks massive cyber-attack and code used by a prolific cybergang with links to North Korean government Two top security firms have found evidence linking the WannaCry ransomware to the prolific North Korean cybergang known as Lazarus Group. Kaspersky and Symantec both said on Monday that technical details within an early version of the WannaCry code are similar to code used in a 2015 backdoor created by the government-linked North Korean hackers, who were implicated in the 2014 attack on Sony Pictures […]

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Blockchain: the answer to life, the universe and everything?

Bitcoin hasnt lived up to the salvation rhetoric, but the digital engine behind the currency may be about to change the world Have you heard the good news? The blockchain is here and its going to save everything. If you arent tied to the tech community, you might not have picked up on this salvation rhetoric. But you probably have heard of bitcoin, which burst into the public consciousness before imploding dramatically in 2014. But now, bitcoin is starting to look less important than the engine that […]

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Massive ransomware cyber-attack hits nearly 100 countries around the world

More than 45,000 attacks recorded in countries including the UK, Russia, India and China may have originated with theft of cyber weapons from the NSA A ransomware cyber-attack that may have originated from the theft of cyber weapons linked to the US government has hobbled hospitals in England and spread to countries across the world. Security researchers with Kaspersky Lab have recorded more than 45,000 attacks in 99 countries, including the UK, Russia, Ukraine, India, China, Italy, and Egypt. In Spain, major companies including telecommunications firm Telefnica […]

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Bitcoin price soars above $5,000 to record high

Rising price of the cryptocurrency, now worth four times as much as an ounce of gold, has led to warnings of a bubble The price of bitcoin has smashed through $5,000 to an all-time high. The cryptocurrency rose by more than 8% to $5,243 having started the year at $966. Bitcoin has soared by more than 750% in the past year and is worth four times as much as an ounce of gold. But the price has been volatile. The digital currency plunged below $3,000 in mid-September […]

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From hope to hate: how the early internet fed the far right

The early days of the internet were full of hope: limitless information would make us wiser, kinder, less bigoted. So when did hate get a foothold? Back in 1990, the American lawyer and author Mike Godwin proposed a law of early internet behaviour: “As an online discussion grows longer, the probability of a comparison involving the Nazis or Hitler approaches 1.” In short, the more you talk online, the more likely you’ll be nasty. Godwin’s Law was in fact only half the story: it turns out talking […]

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Wikipedia founder to fight fake news with new Wikitribune site

Crowdfunded online publication from Jimmy Wales will pair paid journalists with army of volunteer contributors Jimmy Wales, the co-founder of Wikipedia, is launching a new online publication which will aim to fight fake news by pairing professional journalists with an army of volunteer community contributors. Wikitribune plans to pay for the reporters by raising money from a crowdfunding campaign. Wales intends to cover general issues, such as US and UK politics, through to specialist science and technology. Those who donate will become supporters, who in turn will […]

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‘$300m in cryptocurrency’ accidentally lost forever due to bug

User mistakenly takes control of hundreds of wallets containing cryptocurrency Ether, destroying them in a panic while trying to give them back More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports. Unlike most cryptocurrency hacks, however, the money wasnt deliberately taken: it was effectively destroyed by accident. The lost money was in the form of Ether, the tradable currency […]

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