Monthly Archives: June 2021

Who Are the Dividend Aristocrats in 2021?

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The Dividend Aristocrats in 2021

Legendary investor George Soros once said, “Good investing should be boring”. But an increase in volatile themes today suggests this maxim has gone ignored by at least some market participants.

From a high level, we can view investments on a spectrum. Volatile assets like cryptocurrencies and SPACs are more on the exciting side of things. The boring side is likely where Dividend Aristocrat stocks lie.

The data above, from Sure Dividend, looks at all 65 Dividend Aristocrats, ranking them by their yield, sector, and years of growth.

What are Dividend Aristocrats?

The U.S. Dividend Aristocrats are a basket of 65 stocks in the S&P 500 index. These companies have been growing their dividend per share consecutively, for a minimum of 25 years.

This is easier said than done, since companies often distribute dividends quarterly. To pay and grow a dividend in the long run implies a business model that can withstand varying economic environments, including setbacks like market crashes.

Though dividend stocks may not carry the same excitement as other investments, studies show that dividends represent over 50% of total S&P 500 market returns.

Numerous companies on this list have brand value that stretches all over the globe—including the likes of McDonald’s, Coca-Cola, and Walmart.

Vast global recognition and branding power is in part why these companies can generate cash flows to pay dividends for decades on end. For instance, 94% of the world population recognizes Coca-Cola’s logo.

Zooming In

Divident Aristocrats Sector Analysis Supplemental 2

The 65 Dividend Aristocrat stocks break down into 11 sectors. Across sectors, Industrials is the most crowded, consisting of 14 companies, with an average yield of 1.6% and a dividend growth duration of 43 years. Popular stocks in this sector include 3M and Caterpillar.

Next is the Consumer Defensive sector, containing 13 companies like Clorox, Target, Pepsi, and Procter & Gamble. The average yield is 2.2%, with an average growing duration of 49 years.

The highest yield by sector belongs to Energy, at 5.5%, but is only made up of only Chevron and Exxon Mobil. Their dividend track record may falter in the years to come, due to transitions away from the oil business. Just last year, Big Oil firms reported record net income losses, and Exxon was booted from the Dow Jones Industrial Average (DJIA).

The Consumer Cyclical sector has been increasing their dividend for an average of 50 years, the longest of any sector. Lowe’s and McDonald’s are involved in this category.

Businesses for Today and Tomorrow

Although the Dividend Aristocrats list is published every year, the companies on the list are a stable bunch, meaning changes are fairly infrequent.

In a market climate in part shaped by low rates and compressed yields in the fixed income space, Dividend Aristocrats might be a particularly attractive alternative for investors with a longer-term outlook.

Source: Who Are the Dividend Aristocrats in 2021?

What Is a ‘TPM’ and Why Do You Need One to Run Windows 11?

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Windows 11 was officially unveiled this week, and many eager users are checking to see if their PCs can run the upcoming OS with Microsoft’s Windows Health Check app. However, some are surprised to learn that their PCs aren’t “Windows 11 ready,” despite having new, high-end hardware.

What’s a TPM?

The main source of confusion is the TPM (Trusted Platform Module) chip, which was an uncommon hardware requirement until now. TPMs are a security component that monitors your PC for issues and can protect against potential malware and ransomware attacks. They can also securely store encryption keys, passwords, and other sensitive information locally.

TPMs have been a “soft” requirement for Windows 10 for years, but Microsoft is making them a “hard” requirement for Windows 11 to increase the baseline data security for Windows 11 PCs. Users need a version 2.0 TPM or higher to run Windows 11, along with a DirectX 12-compatible GPU; a supported Intel, AMD, or Qualcomm CPU; 4 GB RAM; and at least 65GBs of storage.

Not everyone needs to upgrade

Microsoft wants Windows 11 to be more resilient against malware, ransomware, and other cybersecurity threats than previous versions of Windows. The company is relying on technology like 2.0 TPMs and UEFI Secure Boot to reach that goal, but TPMs are probably not a component that users consider when buying or building a new PC. This would explain why some PCs are “not Windows 11 ready” even if the rest of the hardware meets the Windows 11 requirements. 

However, it’s possible many users already have a TPM without realizing it. Many (but not all) CPUs released in the past few years have a built-in TPM module that needs to be enabled in your computer’s BIOS settings. Windows turns these off by default, and if it isn’t active, it may not show up when Windows Health Check scans your hardware. Accessing and enabling your TPM—and even the name of the setting you need to activate—differs greatly between manufacturers. Consult your CPU or motherboard manufacturer for the proper steps.

What to do if you don’t have a TPM chip

If you don’t have a TPM, the next option is to buy one online and install it yourself. Unfortunately, this will be difficult for the average user.

The first task is to find a compatible TPM. Some CPUs can’t support TPMs, so make sure to research before you buy one…or should I say, if you can buy one—Scalpers are hoarding TPM chips and selling them at prices that are much higher than the MSRP. What is normally a $14-$30 dollar component now costs upwards of $100. It’s not as bad as the current GPU and CPU market, but that’s not saying much.

If you find a compatible 2.0 TPM at a fair price, you then have to open your PC and access the motherboard to install it manually. This will be a challenge for some PCs (especially laptops) and impossible on certain tablets and hybrid devices like the Microsoft Surface. Again, do your research before you buy.

If you can’t buy and install a TPM for your current PC, then you’ll need to buy or build a new computer if you want to upgrade to Windows 11. Thankfully, Microsoft intends to support Windows 10 until October 14, 2025, so there’s no pressure to upgrade immediately. Hopefully, the TPM market—and the tech hardware market in general—will stabilize long before then and upgrading won’t be such a hassle.

Source: What Is a ‘TPM’ and Why Do You Need One to Run Windows 11?

Raspberry Pi Pico Oscilloscope

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As you dive deeper into the world of electronics, a good oscilloscope quickly is an indispensable tool. However, for many use cases where you’re debugging low voltage, low speed circuits, that expensive oscilloscope is using only a fraction of its capabilities. As a minimalist alternative for these use cases [fhdm-dev] created Scoppy, a combination of firmware for the Raspberry Pi Pico and an Android app to create a functional oscilloscope.

As you would expect, the specifications are rather limited, capturing a maximum of 100 kpts at a speed of 500 kS/s shared between the two channels. Without some additional front end circuitry to protect the Pico, the input voltage is limited to 0-3.3 V. Neither the app nor the firmware is open source, and getting access to the second channel and removing ads requires a ~$3 in-app purchase. Even so, we can still think of plenty of practical uses for a ~$7 oscilloscope. If you do decide to add some front-end circuitry to change to voltage range, you can set them in the app, and switch between them by pulling certain GPIO pins high or low. The app has most of the basic oscilloscope features covered, continuous and single shot capture, adjustable trigger settings and a scalable waveform display.

Simple, cheap oscilloscopes like these have their place, but you start to understand why the “real” ones are so expensive when you see what goes into developing a high performance oscilloscope.

Source: Raspberry Pi Pico Oscilloscope | Hackaday

China releases video and audio footage from its Mars rover

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China’s National Space Administration has released footage recorded by the country’s Mars probe. The videos and photos taken by the camera installed on the Zhurong rover of the Tianwen-1 spacecraft show the lander deploying a parachute before touching down on the surface of Mars and the rover driving away from its landing platform. State broadcaster CCTV said Zhurong had been working on the red planet for 42 days and had moved 236 metres so far

Source: China releases footage from its Mars rover – video | World news | The Guardian

Western Digital Confirms ‘My Book Live’ Drives Are Being Deleted Remotely

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Western Digital’s popular My Book Live hard drives are being deleted remotely by an unknown attacker, according to the company. And there’s not much anyone can do at this point but unplug their drives from the internet.

“We have determined that some My Book Live devices have been compromised by a threat actor,” Western Digital’s Jolin Tan told Gizmodo early Friday by email. “In some cases, this compromise has led to a factory reset that appears to erase all data on the device.”

[…]

“The My Book Live device received its final firmware update in 2015,” Tan continued. “At this time, we are recommending that customers disconnect their My Book Live devices from the Internet to protect their data on the device.”

[…]

Source: Western Digital Confirms ‘My Book Live’ Drives Are Being Deleted Remotely

Edit: Original research done by Wizcase: WizCase Report: Vulnerabilities found on WD My Book, NetGear Stora, SeaGate Home, Medion LifeCloud NAS

Microsoft says new breach via customer service discovered in probe of suspected SolarWinds hackers

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Microsoft (MSFT.O) said on Friday an attacker had won access to one of its customer-service agents and then used information from that to launch hacking attempts against customers.

The company said it had found the compromise during its response to hacks by a team it identifies as responsible for earlier major breaches at SolarWinds (SWI.N) and Microsoft.

Microsoft said it had warned the affected customers. A copy of one warning seen by Reuters said the attacker belonged to the group Microsoft calls Nobelium and that it had access during the second half of May.

[…]

Microsoft said it had also found the breach of its own agent, who it said had limited powers.

The agent could see billing contact information and what services the customers pay for, among other things.

“The actor used this information in some cases to launch highly-targeted attacks as part of their broader campaign,” Microsoft said.

Microsoft warned affected customers to be careful about communications to their billing contacts and consider changing those usernames and email addresses, as well as barring old usernames from logging in.

Microsoft said it was aware of three entities that had been compromised in the phishing campaign.

It did not immediately clarify whether any had been among those whose data was viewed through the support agent, or if the agent had been tricked by the broader campaign.

Microsoft did not say whether the agent was at a contractor or a direct employee.

A spokesman said the latest breach by the threat actor was not part of Nobelium’s previous successful attack on Microsoft, in which it obtained some source code.

In the SolarWinds attack, the group altered code at that company to access SolarWinds customers, including nine U.S. federal agencies.

[…]

A White House official said the latest intrusion and phishing campaign was far less serious than the SolarWinds fiasco.

“This appears to be largely unsuccessful, run-of-the-mill espionage,” the official said.

Source: Microsoft says new breach discovered in probe of suspected SolarWinds hackers | Reuters

Yup. Because espionage is “run-of-the-mill” nowadays. Nothing to see here. Boring. 😀

Windows Users Surprised by Windows 11’s Short List of Supported CPUs – and front facing camera requirements

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While a lot of focus has been on the TPM requirements for Windows 11, Microsoft has since updated its documentation to provide a complete list of supported processors. At present the list includes only Intel 8th Generation Core processors or newer, and AMD Ryzen Zen+ processors or newer, effectively limiting Windows 11 to PC less than 4-5 years old.

Notably absent from the list is the Intel Core i7-7820HQ, the processor used in Microsoft’s current flagship $3500+ Surface Studio 2. This has prompted many threads on Reddit from users angry that their (in some cases very new) Surface PC is failing the Windows 11 upgrade check.
The Verge confirms: Windows 11 will only support 8th Gen and newer Intel Core processors, alongside [Intel’s 2016-era] Apollo Lake and newer Pentium and Celeron processors. That immediately rules out millions of existing Windows 10 devices from upgrading to Windows 11… Windows 11 will also only support AMD Ryzen 2000 and newer processors, and 2nd Gen or newer [AMD] EPYC chips. You can find the full list of supported processors on Microsoft’s site…

Originally, Microsoft noted that CPU generation requirements are a “soft floor” limit for the Windows 11 installer, which should have allowed some older CPUs to be able to install Windows 11 with a warning, but hours after we published this story, the company updated that page to explicitly require the list of chips above.

Many Windows 10 users have been downloading Microsoft’s PC Health App (available here) to see whether Windows 11 works on their systems, only to find it fails the check… This is the first significant shift in Windows hardware requirements since the release of Windows 8 back in 2012, and the CPU changes are understandably catching people by surprise.

Microsoft is also requiring a front-facing camera for all Windows 11 devices except desktop PCs from January 2023 onwards.
“In order to run Windows 11, devices must meet the hardware specifications,” explains Microsoft’s official compatibility page for Windows 11.

“Devices that do not meet the hardware requirements cannot be upgraded to Windows 11.”

Source: Windows Users Surprised by Windows 11’s Short List of Supported CPUs – Slashdot

Why on earth should Microsoft require that it can look at you?!

Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank

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Billionaire Peter Thiel, a founder of PayPal, has publicly condemned “confiscatory taxes.” He’s been a major funder of one of the most prominent anti-tax political action committees in the country. And he’s bankrolled a group that promotes building floating nations that would impose no compulsory income taxes.

But Thiel doesn’t need a man-made island to avoid paying taxes. He has something just as effective: a Roth individual retirement account.

Over the last 20 years, Thiel has quietly turned his Roth IRA — a humdrum retirement vehicle intended to spur Americans to save for their golden years — into a gargantuan tax-exempt piggy bank, confidential Internal Revenue Service data shows. Using stock deals unavailable to most people, Thiel has taken a retirement account worth less than $2,000 in 1999 and spun it into a $5 billion windfall.

To put that into perspective, here’s how much the average Roth was worth at the end of 2018: $39,108.

And here’s how much $5 billion is: If every one of the 2.3 million people in Houston, Texas, were to deposit $2,000 into a bank today, those accounts still wouldn’t equal what Thiel has in his Roth IRA.

What’s more, as long as Thiel waits to withdraw his money until April 2027, when he is six months shy of his 60th birthday, he will never have to pay a penny of tax on those billions.

[…]

What this secret information reveals is that while most Americans are dutifully paying taxes — chipping in their part to fund the military, highways and safety-net programs — the country’s richest citizens are finding ways to sidestep the tax system.

One of the most surprising of these techniques involves the Roth IRA, which limits most people to contributing just $6,000 each year.

The late Sen. William Roth Jr., a Delaware Republican, pushed through a law establishing the Roth IRA in 1997 to allow “hard-working, middle-class Americans” to stow money away, tax-free, for retirement. The Clinton administration didn’t want to give a fat tax break to wealthy people who were likely to save anyway, so it blocked Americans making more than $110,000 ($160,000 for a couple) per year from using them and capped annual contributions back then at $2,000.

Yet, from the start, a small number of entrepreneurs, like Thiel, made an end run around the rules: Open a Roth with $2,000 or less. Get a sweetheart deal to buy a stake in a startup that has a good chance of one day exploding in value. Pay just fractions of a penny per share, a price low enough to buy huge numbers of shares. Watch as all the gains on that stock — no matter how giant — are shielded from taxes forever, as long as the IRA remains untouched until age 59 and a half. Then use the proceeds, still inside the Roth, to make other investments.

About a decade after the creation of the Roth, Congress made it even easier to turn the accounts into mammoth tax shelters. It allowed everyone — including the very richest Americans — to take money they’d stowed in less favorable traditional retirement accounts and, after paying a one-time tax, shift them to a Roth where their money could grow unchecked by Uncle Sam — a Bermuda-style tax haven right here in the U.S.

[…]

Among this rarefied group, ProPublica found, the term “individual retirement account” has become a misnomer. Rather than a way to build a nest egg for old age, the accounts have morphed into supercharged investment vehicles subsidized by American taxpayers. Ted Weschler, a deputy of Warren Buffett at Berkshire Hathaway, had $264.4 million in his Roth account at the end of 2018. Hedge fund manager Randall Smith, whose Alden Global Capital has gutted newspapers around the country, had $252.6 million in his.

Buffett, one of the richest men in the world and a vocal supporter of higher taxes on the rich, also is making use of a Roth. At the end of 2018, Buffett had $20.2 million in it. Former Renaissance Technologies hedge fund manager Robert Mercer had $31.5 million in his Roth, the records show.

[…]

And thanks to the Roth, Thiel’s fortune is far more vast than even experts in tallying the wealth of the rich believed. In 2019, Forbes put Thiel’s total net worth at just $2.3 billion. That was less than half of what his Roth alone was worth.

Source: Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank — ProPublica

Regulators Crack Down on Crypto Exchange Binance in UK, Japan, Germany, and Ontario, Canada

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The Wall Street Journal reports: Authorities in the U.K. and Japan took aim at affiliates of Binance Holdings Ltd., the world’s largest cryptocurrency exchange network, in the latest regulatory crackdown on the wildly popular trade in bitcoin and other digital assets. The U.K. Financial Conduct Authority, the country’s lead financial regulator, told consumers Saturday that Binance’s local unit wasn’t permitted to conduct operations related to regulated financial activities…

Binance Markets Ltd., the company’s U.K. arm, applied to be registered with the Financial Conduct Authority and withdrew its application on May 17. “A significantly high number of cryptoasset businesses are not meeting the required standards” under money-laundering regulations, said a spokesperson for the FCA in an email. “Of the firms we’ve assessed to date, over 90% have withdrawn applications following our intervention.”

Japan’s financial watchdog issued a statement on June 25, saying that Binance isn’t registered to do business in the country…

As of April, Binance operated the largest cryptocurrency exchange in the world by trading volume, allowing tens of billions of dollars of trades to pass through its networks, according to data provider CryptoCompare. It was founded in 2017 and initially based in China, later moving offices to Japan and Malta. It recently said it is a decentralized organization with no headquarters… The FCA move doesn’t ban customers from using Binance completely; U.K. customers can continue to use Binance’s non-U.K. operations for activities the FCA doesn’t directly regulate, such as buying and selling direct holdings in bitcoin.
The Financial Times called the move “one of the most significant moves any global regulator has made against Binance” and “a sign of how regulators are cracking down on the cryptocurrency industry over concerns relating to its potential role in illicit activities such as money laundering and fraud, and over often weak consumer protection.” But more countries are also taking action, Reuters reports: Last month, Bloomberg reported that officials from the U.S. Justice Department and Internal Revenue Service who probe money laundering and tax offences had sought information from individuals with insight into Binance’s business. In April, Germany’s financial regulator BaFin warned the exchange risked being fined for offering digital tokens without an investor prospectus.
And CoinDesk adds: Binance is no longer open for business in Canada’s most populous province, apparently choosing to close shop rather than meet the fate of other cryptocurrency exchanges that have had actions filed against them for allegedly failing to comply with Ontario securities laws.

Source: Regulators Crack Down on Crypto Exchange Binance in UK, Japan, Germany, and Ontario, Canada – Slashdot

NFC Flaw Lets Hacker Break ATMs With a Phone

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[…]

According to Wired, however, at least one researcher has found a way to avoid most of this trouble, drawing cash from ATMs like magic with a simple flick of his wrist. The outlet reported Thursday that Josep Rodriguez, a researcher and consultant at security firm IOActive, has built up a collection of bugs affecting NFC systems—a.k.a. near-field communication—which many modern machines rely on to wirelessly transmit data, including debit and credit card info.

Rodriguez, who’s hired to legally test machines to improve their security, has been able to use NFC readers to trigger what programmers call a “buffer overflow,” or excess of data that corrupts a machine’s memory. This decades-old attack has allowed Rodriguez to exploit ATMs and other point-of-sale machines—think retail store checkout machines—in a variety of ways: capturing payment card info, injecting malware, and even in one case “jackpotting” an ATM, which is exactly what it sounds like:

“Rodriguez has built an Android app that allows his smartphone to mimic those credit card radio communications and exploit flaws in the NFC systems’ firmware. With a wave of his phone, he can exploit a variety of bugs to crash point-of-sale devices, hack them to collect and transmit credit card data, invisibly change the value of transactions, and even lock the devices while displaying a ransomware message.”

According to Wired, Rodriguez has kept his findings under wraps for around a year and is otherwise legally bound not to reveal the identities of certain companies he’s worked for. Nevertheless, being bothered that a decades-old technique is still affecting a host of modern machines, he intends to disclosure more technical details in the coming weeks in an effort to call attention to, as Wired puts it, “the abysmal state of embedded device security more broadly.”

Source: NFC Flaw Lets Hacker Break ATMs With a Phone

Which is why people think Responsible Disclosure is important – ie telling a company about a flaw and then giving them a reasonable time frame to fix it before going public with the full details of the flaw. If you don’t do it, the problem doesn’t get fixed.

Ubisoft Takes Down Fan’s Incredible Far Cry 5 ‘GoldenEye’ Maps

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For the past few years, a YouTuber known as Krollywood has painstakingly recreated every level from GoldenEye 007 inside the level editor of Far Cry 5. This week, Ubisoft removed all of those levels from Far Cry 5 due to a copyright infringement claim.

Kotaku first reported on Krollywood’s efforts earlier this month. Over the course of three years, in an endeavor that tallied more than 1,400 hours, Krollywood recreated every stage from GoldenEye 007, the classic N64 shooter (well, save for the two bonus levels). It was an impressive effort: a modernized recreation of a beloved yet tough-to-find old game. And it looked great, too.

Read More: Here’s GoldenEye 007 Remade From The Ground Up In Far Cry 5

You could find and play these levels yourself by hopping into Far Cry 5’s arcade mode and punching in Krollywood’s username. As of this writing, you no longer can. Ubisoft removed them all from Far Cry 5, a move that Krollywood described as “really sad,” noting that he probably won’t be able to restore them since he’s “on their radar now.”

“I’m really sad—not because of myself or the work I put in the last three years, [but] because of the players who wanna play it or bought Far Cry just to play my levels,” Krollywood told Kotaku in an email today.

When reached for comment, a representative for Ubisoft kicked over this statement:

In following the guidelines within the ‘Terms of Use’, there were maps created within Far Cry 5 arcade that have been removed due to copyright infringement claims from a right [sic] holder received by Ubisoft and are currently unavailable. We respect the intellectual property rights of others and expect our users to do the same. This matter is currently with the map’s creator and the rights holder and we have nothing further to share at this time.

Ubisoft did not immediately respond to follow-up requests asking whether the rights holder mentioned is MGM, which controls the license to the original GoldenEye 007.

The rights around the GoldenEye 007 game have been stuck in a quagmire for decades. Famously, Rare, the developer of the original game, planned a remake for the Xbox 360. That was cancelled in 2008. (Years later, Xbox boss Phil Spencer chalked up the cancellation to the legal rights issues being “challenging.”) That canned remake resurfaced as a full 4K60 longplay via a leak this January, with a playable version making the rounds online shortly after. A Kotaku report concluded: It was fun.

It is further unclear how, exactly, Krollywood’s map remakes in Far Cry 5 harm MGM at all—or how it violates Ubisoft’s terms of service in the first place. Krollywood didn’t use any assets or code from the original game. He didn’t attempt to sell it or otherwise turn a profit. And MGM doesn’t own any of the code from Ubisoft’s open-world shooter.

A sampling of Krollywood’s efforts…Image: Krollywood / Ubisoft
Those corpses represent every attempt to play GoldenEye 007 in any other format than the original game.Image: Krollywood / Ubisoft
Some of the remade levels stoke major wanderlust.Image: Krollywood / Ubisoft

Players just want a taste of nostalgia, and MGM has a track record of shattering the plates before they’re even delivered to the table. (Recall GoldenEye 25, the fan remake of GoldenEye 007 remade entirely in Unreal 4 that was lawyered into oblivion last year.) MGM has further neglected to do anything with the license it’s sitting on—for a game that’s older than the Game Boy Color, by the way. At the end of the day, shooting this latest fan-made project out of the sky comes across as a punitive move, at best.

“In the beginning, I started this project just for me and my best friend, because we loved the original game so much,” Krollywood said. “But there are many GoldenEye fans out there … [The project] found many new fans and I’m so happy about it.”

Source: Ubisoft Takes Down Fan’s Incredible Far Cry 5 ‘GoldenEye’ Maps

Bah. Humbug.

Russia spoofed AIS data to fake British warship’s course days before firing at them from a huge distance in Crimea

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Russia was back up to its age-old spoofing of GPS tracks earlier this week before a showdown between British destroyer HMS Defender and coastguard ships near occupied Crimea in the Black Sea.

Yesterday Defender briefly sailed through Ukrainian waters, triggering the Russian Navy and coastguard into sending patrol boats and anti-shipping aircraft to buzz the British warship in a fruitless effort to divert her away from occupied Crimea’s waters.

Russia invaded Ukraine in 2014 and has occupied parts of the region, mostly in the Crimean peninsula, ever since. The UK and other NATO allies do not recognise Ukraine as enemy-held territory so Defender was sailing through an ally’s waters – and doing so through a published traffic separation scheme (similar to the TSS in the English Channel), as Defence Secretary Ben Wallace confirmed this afternoon.*

Yet, among yesterday’s drama and tension, Russia had previously spoofed maritime Automatic Identification System (AIS) signals to show Defender and her Dutch flotilla mate HNLMS Evertsen as sailing straight for the Russian naval base in Sevastopol, southwest Crimea. Neither warship was doing that: while Russia was claiming NATO warships were threatening Russia, both vessels were captured on live webcams in another Ukrainian port.

The latest batch of AIS fiddling took place on 17 June, according to naval analyst HI Sutton, writing for the US Naval Institute’s blog: “Despite the AIS track, there is clear evidence that the two warships did not leave Odessa.”

This week’s tensions should remind the world that Russia has no compunction about interfering with widely available tech systems.

[…]

AIS works on an honesty-based system, at its simplest. The all-but-mandatory system (ships below 300 tons are exempt) works through each ship at sea broadcasting its GPS coordinates. Other ships receive those signals and assemble them onto display screens mounted on the vessel’s bridge for crew to monitor, usually as part of an integrated ECDIS system. It’s an insecure system insofar as vulns exist that allow spoofing of AIS data, as first revealed almost a decade ago. Shore stations can also receive and rebroadcast AIS signals, amplifying them – and providing a vector for the unscrupulous to insert their own preferred data.

[…]

AIS spoofing is similar to GPS spoofing in that broadcasting false data can mislead the wider world. Back in 2018, researchers built a GPS-spoofing unit out of a Raspberry Pi, transmitting false location data to confuse a targeted car’s satnav.

This proof-of-concept unit using consumer-grade, readily available equipment merely spells out what nation states such as Russia (and the West, naturally) have been toying with for years. Western GPS spoofing is a fact of life in the Eastern Mediterranean, as frustrated airline pilots and air traffic controllers know all too well, and the effects of AIS spoofing are very similar for those who depend on public datafeeds to keep up with the world around them.

[…]

Source: Russia spoofed AIS data to fake British warship’s course days before Crimea guns showdown • The Register

You Don’t Own What You’ve Bought: Peloton Treadmill Edition

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We’ve written so many stories about how you don’t own what you’ve bought any more due to software controls, DRM, and ridiculous contracts, and it keeps getting worse. The latest such example involves Peloton, which is most known for its extremely expensive stationary bikes with video screens, so that you can take classes (usually on a monthly subscription). I will admit that I don’t quite understand the attraction to them, but so many people swear by them. The company also has branched out into extremely expensive treadmills with the same basic concept

[…]

Peloton announced that they will refund the machine, which costs $4,295, and are working on a mandatory software update that will automatically lock the Tread+ after each use and require a unique password to be used to unlock the machine.

That automatic lock and password idea sounds sensible enough, given the situation, but in order to get it to work, but apparently Peloton hasn’t figured out how to make that work for customers who bought the treadmill and aren’t using its subscription service for classes. The Tread+ does have a “Just Run” mode, in which it acts like a regular treadmill (with the video screen off). But, as Brianna Wu discovered, the company is now saying that the “Just Run” mode now requires a subscription to work with the lock. The company is waiving the cost of such a subscription for three months, and it’s unclear from the email if that means that after the three months they’re hoping to have the “Tread Lock” working even for non-subscription users:

If you can’t see it, the image is an email from Peloton customer support saying:

We care deeply about the safety and well-being of our Members and we created Tread Lock to secure your Tread+ against unauthorized access.

Unfortunately at this time, ‘Just Run’ is no longer accessible without a Peloton Membership.

For this inconvenience, we have waived three months of All-Access Membership for all Tread+ owners. If you don’t see the waivers on your subscription or if you need help reactivating your subscription, please contact our Support team….

Now, it’s possible that the subscription part is necessary to update the software to enable the lock mode, but that seems… weird. After all, there must have been some sort of software upgrade that locked out the “Just Run” mode in the first place.

[…]

 

Source: You Don’t Own What You’ve Bought: Peloton Treadmill Edition | Techdirt

Russian Video Proves Patrol Boat Was Far From British Destroyer When It Fired Warning Shots by Crimea

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The fallout from yesterday’s incident in the Black Sea involving the U.K. Royal Navy Type 45 destroyer HMS Defender and elements of Russia’s military and internal security forces has taken its next turn, with the release of a video showing some of the events from the perspective of a Russian Border Guard patrol ship. The footage clearly shows the Russian vessel opening fire, as the Kremlin had asserted, but it’s also obvious that Defender was so far away at the time that it may well not have been aware this were being directed at it, in line with what British authorities have said.

The video in question was published online by the Russian Ministry of Defense’s official television station, TV Zvezda, and the state-run media outlet RIA Novosti. It was taken from the bridge of a Russian Border Guard Rubin class patrol boat, one of those that purportedly “stopped” HMS Defender yesterday from sailing within what the Kremlin claims are its territorial waters around Crimea, which it seized from Ukraine in 2014. The United Kingdom, among many other members of the intentional community, does not recognize Russia’s authority over Crimea.

BBC NEWS SCREENCAP

A Project 22460 Rubin class border patrol vessel moves in close to HMS Defender, as seen in BBC News footage.

The video includes the discussions between the Russian Border Guards and the crew of the British destroyer, with repeated demands from the Russian security forces that HMS Defender leave the area. Two Border Guard vessels are seen trailing the destroyer, while Russian jets pass overhead, and at one point, one of the Russian vessels shadows the British warship closely — a BBC journalist’s account yesterday spoke of one of the Russian vessels getting as close as 100 meters (328 feet).

One of the Border Guards is heard to say that HMS Defender is breaking the rules of innocent passage, a part of international maritime law that allows warships to move through another country’s territorial waters so long as the transit meets various criteria, particularly that it is not intended to challenge the legitimacy of any such maritime boundaries.

After several more warnings, apparently ignored by the British, one of the crew members aboard the Border Guard vessel says, in Russian: “Perform precautionary fire! Perform precautionary fire! Avoid hit! Avoid hit! Fire!”

At that point, we see the AK-630 six-barrel 30mm Gatling gun on the bow of the Border Guard vessel opening fire with several bursts, although at this point the British destroyer is seen on the horizon. Interestingly, in the BBC News report, it’s confirmed that shots were fired by the Russian side, “but they were well out of range.”

After the shots, HMS Defender confirms that it will continue to follow its internationally recognized route into international waters. This suggests that the warship continued its planned passage and the available maritime tracking data doesn’t show it making any obvious changes in course.

The available tracks are also consistent with official British accounts that the destroyer was sailing around 12 miles off the coast of Crimea. While Russia considered this to be “a flagrant violation of international norms and standards,” in the words of Sergei Tsekov, a Russian senator from the Crimea region, for the British, this amounted to “a routine transit [in] an internationally recognized traffic separation corridor,” according to the U.K. Minister of Defense Ben Wallace.

Furthermore, since, as already noted, the United Kingdom does not recognize Russia’s claims over Crimea, the waters in question are considered Ukrainian from the British government’s perspective.

BBC NEWS SCREENCAP

A Crimea-based Russian Navy Be-12 Mail amphibian flies over HMS Defender.

All in all, the video shows that Russia did at least go through the motions of taking some aggressive action, but doesn’t provide conclusive evidence that this was sufficient to actually force HMS Defender out of waters that it claims as its own.

While it’s clear that some kind of warning shots were fired, it’s also plausible that the British may not have realized what these were, and instead connected them to training exercises that were already happening in the vicinity. At least, the British would have been aware of the threat of warning shots, but their response may have been intended to deliberately provoke the Russians.

“We believe the Russians were undertaking a gunnery exercise in the Black Sea and provided the maritime community with prior warning of their activity,” the U.K. Ministry of Defense tweeted yesterday. “No shots were directed at HMS Defender and we do not recognize the claim that bombs were dropped in her path.”

Those bombs were, according to Russian accounts, dropped across the path of the destroyer by a Su-24M Fencer combat jet, to provide an additional warning to the British warship. So far, we have seen no evidence of the bombs actually being dropped, although video from a BBC News report yesterday does at least show a Su-24M in the vicinity seemingly carrying high-explosive bombs. The BBC also reported that the crew of the Defender was aware of the presence of at least 20 Russian military aircraft flying the area over the course of the incident.

BBC NEWS SCREENCAP

A Russian Navy Su-24M buzzes HMS Defender, apparently carrying unguided bombs under its wings and below the fuselage.

Rosoboronexport

An OFAB-500 freefall bomb, as reportedly used by a Russian Su-24M as a warning to the destroyer.

All in all, it seems that this latest footage released by Russia is intended to bolster its account of what happened yesterday, which is based around its military and security forces taking strong action to ward off HMS Defender from what it deemed a territorial violation. Since the incident yesterday, Russian news outlet Kommersant has also published a map showing areas around Crimea that were reportedly temporarily closed for military drills, one of which HMS Defender apparently passed through.

While the British side has not mentioned these apparent restrictions, or whether it was aware of them, it was seemingly entirely deliberate in choosing this particular route for its warship and would have known that it would trigger a response of some kind from Russia. For the British, however, the importance of this incident was in demonstrating its right to innocent passage using a route through internationally recognized waters, while signaling its resolve to its partner Ukraine.

With the largest-ever Sea Breeze exercise due to start next Monday, there is every indication that tensions around Crimea and in the wider Black Sea region will only increase in the coming days, as 32 warships, plus dozens of aircraft, enter these region to commence U.S. Navy-led drills under the watchful eyes of the Russians.

As for the warning shots yesterday, while their effectiveness must be considered debatable at best, the fact that such belligerent actions are now being taken confirms the very differing views that Russia and NATO have when it comes to the movements of naval vessels and aircraft in the Black Sea region.

Source: Russian Video Proves Patrol Boat Was Far From British Destroyer When It Fired Warning Shots

South Africa Africrypt Bitcoin Scam? Cajee Brothers Missing Along With Billions – second huge scam in SA

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A pair of South African brothers have vanished, along with Bitcoin worth $3.6 billion from their cryptocurrency investment platform.

A Cape Town law firm hired by investors says they can’t locate the brothers and has reported the matter to the Hawks, an elite unit of the national police force. It’s also told crypto exchanges across the globe should any attempt be made to convert the digital coins.

Following a surge in Bitcoin’s value in the past year, the disappearance of about 69,000 coins — worth more than $4 billion at their April peak — would represent the biggest-ever dollar loss in a cryptocurrency scam. The incident could spur regulators’ efforts to impose order on the market amid rising cases of fraud.

The first signs of trouble came in April, as Bitcoin was rocketing to a record. Africrypt Chief Operating Officer Ameer Cajee, the elder brother, informed clients that the company was the victim of a hack. He asked them not to report the incident to lawyers and authorities, as it would slow down the recovery process of the missing funds.

Lawyers Hired

Some skeptical investors roped in the law firm, Hanekom Attorneys, and a separate group started liquidation proceedings against Africrypt.

“We were immediately suspicious as the announcement implored investors not to take legal action,” Hanekom Attorneys said in response to emailed questions. “Africrypt employees lost access to the back-end platforms seven days before the alleged hack.”

The firm’s investigation found Africrypt’s pooled funds were transferred from its South African accounts and client wallets, and the coins went through tumblers and mixers — or to other large pools of bitcoin — to make them essentially untraceable.

Calls to a mobile number for Cajee were immediately directed to a voicemail service. He and his brother, Raees, 20, set up Africrypt in 2019 and it provided bumper returns for investors. Calls to Raees also went straight to voicemail. The company website is down.

The saga is unfolding after last year’s collapse of another South African Bitcoin trader, Mirror Trading International. The losses there, involving about 23,000 digital coins, totaled about $1.2 billion in what was called the biggest crypto scam of 2020, according to a report by Chainalysis. Africrypt investors stand to lose three times as much.

While South Africa’s Finance Sector Conduct Authority is also looking into Africrypt, it is currently prohibited from launching a formal investigation because crypto assets are not legally considered financial products, according to the regulator’s head of enforcement, Brandon Topham. The police have not yet responded to a request for comment.

[…]

Source: South Africa Africrypt Bitcoin Scam?: Cajee Brothers Missing Along With Billions – Bloomberg

Hyundai completes deal for controlling interest in Boston Dynamics (walking robodog maker)

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Hyundai this morning announced that it has completed its acquisition of Boston Dynamics. The deal, which values the innovative robotics company at $1.1 billion, was announced in late-2020. The companies have not disclosed any future financial details.

The South Korean automotive giant now owns a controlling interest in Boston Dynamics, previously belonging to SoftBank. The Japanese investment company was effectively a transitional owner, purchasing Boston Dynamics from Google, which owned the company for just over three years.

While its time with Softbank wasn’t much longer than its stint under Google/Alphabet X, Boston Dynamics saw the commercialization of its first two products since launching nearly 30 years ago. The company brought its quadrupedal robot Spot to market and this year announced the (still upcoming) launch of Stretch, an updated version of its warehouse robot, Handle.

In a recent appearance at TechCrunch’s Mobility event, Hyundai’s Ernestine Fu discussed the planned acquisition of an 80% controlling interest in the company. Fu noted that Hyundai’s New Horizon Studios has previewed multiple “walking” car concepts that look poised to build on decades of Boston Dynamics research.

“With New Horizon Studios, the mandate is reimagining what you can do when you combine robotics with traditional wheeled locomotion, like walking robots and walking vehicles,” Fu told TechCrunch. “Obviously the technology that [Boston Dynamics] has put together plays a key role in enabling those sorts of concepts to come to life.”

As it has changed hands over the years, Boston Dynamics has long insisted on maintaining its own research wing, which has given us less commercial technology, like the humanoid robot, Atlas. How this will function under the umbrella of Hyundai remains to be seen, though the company does seem to have a vested interest in maintaining a forward-looking approach.

Source: Hyundai completes deal for controlling interest in Boston Dynamics | TechCrunch

China Bitcoin Crackdown Leads To BTC Price Plummet and also Cheaper Graphics Cards

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With graphics cards seeming harder to get than ever, China’s stricter measures against Bitcoin mining have led to lower prices online in the country.

In Yunnan, the country’s fourth-largest Bitcoin-producing province, authorities have been investigating illegal electrical power use tied to Bitcoin mining and are threatening to cut power to those involved in the practice. As SCMP reports, it’s the latest province to join the country’s clampdown on crypto.

In 2020, China made up 65 percent of Bitcoin’s global hash rate.

SCMP now reports that stricter measures towards Bitcoin are driving down the prices of graphics cards in China. Graphics cards aren’t only used for gaming, but for Bitcoin and other cryptocurrencies as they provide the extra computer power needed in the computations necessary to mine digital currencies.

As the Chinese government has been putting the squeeze on crypto, Sichuan province remained a holdout for mining operations. But, as SCMP adds, Sichuan has called for all mining to cease, dashing the hopes of miners to take advantage of the province’s hydropower. Now, miners are apparently looking at moving operations outside China to friendlier areas.

All of this has caused the prices of graphics cards to drop online in China. In May, the Asus RTX 3060 was commanding as much as 13,499 yuan ($2,085), but SCMP reports that prices have dropped to 4,699 yuan ($725).

That’s not the only thing to drop. According to CNN, the value of Bitcoin has dropped in the wake of China’s measures.

[…]

Source: Bitcoin Crackdown Leads To Cheaper Graphics Cards In China

Turn One of the Nurburgring Nordschleife Named for Sabine Schmitz

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It’s only fitting that Sabine is paid tribute at the track itself, after her much-too-young death back in March, following a fight with cancer. Turn 1 of the Nordschleife has been renamed, becoming Sabine Schmitz Kurve, to honor her at the start of every lap taken at a circuit that is, without doubt, hers.

Porsche

There had already been a commemorative lap led by the 1996 BMW M3 “Eifelblitz” car Sabine won the Nürburgring 24 Hour race with back in 1996 and 1997, driven by her longtime co-driver Johannes Scheid. It was a fitting tribute, as part of the 2021 version of the race, where 11 women racers were among the drivers trying to follow in Sabine’s tire tracks.

Renaming the first corner of the Nordschleife is even better though. Now, whenever you cross the start/finish line at track, Sabine Schmitz will be ahead, and every lap will start with her sending you on your way.

[…]

Source: Turn One of the Nurburgring Nordschleife Named for Sabine Schmitz

‘Atomically thin’ transistors could help make electronic skins a reality

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Stanford researchers have developed a new technique that produces “atomically-thin” transistors under 100 nanometers long. That’s “several times” shorter than the previous best, according to the university.

The team accomplished the feat by overcoming a longstanding hurdle in flexible tech. While ‘2D’ semiconductors are the ideal, they require so much heat to make that they’d melt the flexible plastic. The new approach covers glass-coated silicon with a super-thin semiconductor film (molybdenum disulfide) overlayed with nano-patterened gold electrodes. This produces a film just three atoms thick using a temperature nearing 1,500F — the conventional plastic substrate would have deformed around 680F.

Once the components have cooled, the team can apply the film to the substrate and take a few “additional fabrication steps” to create a whole structure about five microns thick, or a tenth the thickness of human hair. It’s even ideal for low-power use, as it can handle high currents at low voltage.

[…]

Source: ‘Atomically thin’ transistors could help make electronic skins a reality | Engadget

Koenigsegg, the Maker of $3 Million Supercars, Experiments With Volcano Fuel – Bloomberg

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Hypercars with $3 million price tags aren’t usually synonymous with environmental sustainability. Christian von Koenigsegg, founder and chief executive of Koenigsegg Automotive, wants to change that. The Ängelholm, Sweden-based company is experimenting with ultra-high-voltage battery packs and biofuels using emissions from volcanoes to build environmentally “benign” and potentially even carbon-neutral cars, without sacrificing performance.

[…]

If we take a pure electric sports car, they tend to be quite heavy because you need a quite large battery to have enough range and performance. That goes against the sporty nature of the car.

We electrify in a different way with more extreme cell technology for power output. And then we have extreme combustion-engine technology running on renewable fuels, but very good aftertreatment systems, and our free-valve technology where we can really make sure we combust extremely efficiently with very small engines to make the car lighter, more exciting, have better performance, but still being environmentally benign.

What we mean by agnostic is that we mix and match whatever makes the most sense at each given time and for each model. We’re not stuck in traditional combustion technology. The technology we develop there is really next-generation beyond anything else I’ve seen out in the marketplace, and also next-generation electrification, and combining these technologies in an interesting way to make our product stand out and be as competitive as we can with as little environmental footprint as possible.

You don’t have to pollute the planet just because you want to have a fast, interesting sports car.

[…]

there is this technology from Iceland, it was invented there, where they cap the CO2 emittance from semi-active volcanoes and convert that into methanol. And if you take that methanol and you power the plants that do the conversion of other fuels and then power the ship that transports the those fuels to Europe or the U.S. or Asia, wherever it goes, you put the fuel completely CO2-neutral into the vehicle.

And of course with the correct aftertreatment systems, depending on the environment you’re in, you can kind of clean up the particles in the atmosphere while you’re using the engine. So you can be very much environmentally conscious doing that. It’s just a fun aspect of renewable fuels that are not talked so much about, but there are many, many other technologies that are coming up.

[…]

Source: Koenigsegg, the Maker of $3 Million Supercars, Experiments With Volcano Fuel – Bloomberg

Hyperion’s New Hydrogen-Powered XP-1 Supercar Has 1000 Miles of Range, recharges in 5 minutes, 0-60mpg in 3 seconds

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Southern California–based Hyperion Companies, Inc., and its Hyperion Motors division, is banking on cutting-edge, space-grade hydrogen fuel-cell technology to help consumers embrace the electric car market with much more vigor. Hyperion’s first salvo in the battle against combustion is the XP-1 prototype—a futuristic supercar with a claimed 1,016-mile range and the ability to haul to 60 mph in 2.2 seconds. Oh, and the recharge time is less than five minutes.

 

 

The Hyperion XP-1 hydrogen-powered supercar.

The Hyperion XP-1 prototype.  Photo: Courtesy of Hyperion Companies, Inc.

Skeptics of the XP-1’s performance promises should consider three crucial factors: Hyperion was founded nearly a decade ago by a team of PhDs exclusively focused on hydrogen-based power and delivery, and Hyperion works in conjunction with NASA to utilize technologies developed for space travel in commercial applications. Lastly, the organizers of the 24 Hours of Le Mans are planning to add a hydrogen-powered class by 2024, signaling that the element may play a vital part in the future of motorsports.

“Our vehicle represents the answer to ‘why hydrogen?’” says Angelo Kafantaris, Hyperion’s CEO. “It’s a no-compromise car that represents the best that hydrogen fuel-cell technology can be. Hydrogen is the cleanest, most sustainable energy source that’s not been properly utilized.”

[…]

Source: Hyperion’s New Hydrogen-Powered XP-1 Supercar Has 1000 Miles of Range – Robb Report

Hackers Are Selling Data Stolen From Audi and Volkswagen

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On Friday, Volkswagen disclosed a data breach that it said affected 3.3 million customers and interested buyers. On Monday, hackers put the data stolen from the car maker on sale on a notorious hacking forum.

In the sales listing reviewed by Motherboard, a hacker that goes by 000 wrote that the data included email addresses and Vehicle Identification Numbers (VIN). The hacker also posted two samples of the data, which included full names, email addresses, mailing addresses, and phone numbers.

[…]

Volkswagen said that “the majority” of affected data included: “first and last name, personal or business mailing address, email address, or phone number. In some instances, the data also included information about a vehicle purchased, leased, or inquired about, such as the Vehicle Identification Number (VIN), make, model, year, color and trim packages.” But for 90,000 victims, the data also included “more sensitive information relating to eligibility for a purchase, loan, or lease.

Nearly all of the more sensitive data (over 95%) consists of driver’s license numbers,” according to the company, which added that the majority of data pertains to Audi customers and interested buyers in the US and Canada only. The company also said it believes the data was left unsecured by a vendor. (Audi is owned by the Volkswagen Group.)

“There were also a very small number of dates of birth, Social Security or social insurance numbers, account or loan numbers, and tax identification numbers,” the website read.

[…]

The hacker said she is asking between $4,000 and $5,000 for the whole database. 

[…]

The company added that it believes “the data was obtained when the vendor left electronic data unsecured at some point between August 2019 and May 2021, when the source of the incident was identified.” The company did not identify the vendor responsible for the breach, saying only that it is used by Audi, Volkswagen, and some authorized dealers.

The company added that the stolen data ranged from 2014 until 2019, and that it is notifying all victims.

[…]

Source: Hackers Are Selling Data Stolen From Audi and Volkswagen

Bombshell Report Finds Phone Network Encryption Was Deliberately Weakened

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It was a closed source backdoored system. This goes to show that weakening encryption for political reasons and trusting software that can’t be audited independently is a Bad Idea ™

A weakness in the algorithm used to encrypt cellphone data in the 1990s and 2000s allowed hackers to spy on some internet traffic, according to a new research paper.

The paper has sent shockwaves through the encryption community because of what it implies: The researchers believe that the mathematical probability of the weakness being introduced on accident is extremely low. Thus, they speculate that a weakness was intentionally put into the algorithm. After the paper was published, the group that designed the algorithm confirmed this was the case.

Researchers from several universities in Europe found that the encryption algorithm GEA-1, which was used in cellphones when the industry adopted GPRS standards in 2G networks, was intentionally designed to include a weakness that at least one cryptography expert sees as a backdoor. The researchers said they obtained two encryption algorithms, GEA-1 and GEA-2, which are proprietary and thus not public, “from a source.” They then analyzed them and realized they were vulnerable to attacks that allowed for decryption of all traffic.

When trying to reverse-engineer the algorithm, the researchers wrote that (to simplify), they tried to design a similar encryption algorithm using a random number generator often used in cryptography and never came close to creating an encryption scheme as weak as the one actually used: “In a million tries we never even got close to such a weak instance,” they wrote. “This implies that the weakness in GEA-1 is unlikely to occur by chance, indicating that the security level of 40 bits is due to export regulations.”

Researchers dubbed the attack “divide-and-conquer,” and said it was “rather straightforward.” In short, the attack allows someone who can intercept cellphone data traffic to recover the key used to encrypt the data and then decrypt all traffic. The weakness in GEA-1, the oldest algorithm developed in 1998, is that it provides only 40-bit security. That’s what allows an attacker to get the key and decrypt all traffic, according to the researchers.

“To meet political requirements, millions of users were apparently poorly protected while surfing for years.”

A spokesperson for the organization that designed the GEA-1 algorithm, the European Telecommunications Standards Institute (ETSI), admitted that the algorithm contained a weakness, but said it was introduced because the export regulations at the time did not allow for stronger encryption.

[…]

Raddum and his colleagues found that GEA-1’s successor, GEA-2 did not contain the same weakness. In fact, the ETSI spokesperson said that when they introduced GEA-2 the export controls had been eased. Still, the researchers were able to decrypt traffic protected by GEA-2 as well with a more technical attack, and concluded that GEA-2 “does not offer a high enough security level for today’s standards,” as they wrote in their paper. 

[…]

Source: Bombshell Report Finds Phone Network Encryption Was Deliberately Weakened

New ‘Guardians Of The Galaxy’ Game Has Game Streamers Worried Over Integral Music In The Game, shows you how stupid copyright and DMCA is nowadays

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With streaming games and “let’s plays” becoming a dominant force of influence in the gaming world, one of the sillier trends we’ve seen is video games coming out with “stream safe” settings that strip out audio content for which there is no broadcast license. We’ve talked already about how this sort of thing is not a solution to the actual problem — the complicated licenses surrounding copyrighted works and the permission culture that birthed them — but is rather a ploy to simply ignore that problem entirely. That hasn’t stopped this from becoming a more regular thing in the gaming world, even as we’ve seen examples of “stream safe” settings fail to keep streams from getting DMCA notices.

Well, if there were a perfect example of a video game that highlights the absurdity of all of this, it may well be the forthcoming Guardians of the Galaxy title. If you’re not familiar with the GotG movies, you should know that retro music plays a major role in the films. The game promises that retro music will be just as important as in the films. And that’s what immediately set off concern for game streamers.

One group that is wary of this heavy emphasis on pop music is the livestreaming crowd, who are concerned that it could make the game near-impossible to broadcast. This is because Twitch and YouTube creators are regularly hit with what are known as Digital Millennium Copyright Act (DMCA) notices.

[…]

The game publisher of course secured the rights to the songs to be included in the game, but did not license the songs for rebroadcast. Because the world is an extremely stupid place, streaming a game equates to a rebroadcast of any music within it. And, also because the world is an extremely stupid place, Eidos-Montreal’s solution to this is once again to mute licensed music.

Newsweek contacted Eidos-Montréal to ask if they had made any considerations for Twitch streamers in respect to Guardians of the Galaxy’s music. Over email, a spokesperson confirmed that there will actually be an option to mute licensed tracks, if players want to be absolutely safe from potential DMCA takedowns.

And so a major thematic element for the franchise will be nixed in any live-streams of the game.

[…]

Source: New ‘Guardians Of The Galaxy’ Game Has Game Streamers Worried Over Integral Music In The Game | Techdirt

Recent US Antitrust Push Is Weirdly Narrow, Pretends Telecom And Banking Don’t Exist

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[…]

The U.S. is dominated by anticompetitive giants in banking, telecom, insurance, health care, air travel, and countless other sectors. And generally, we’ve historically encouraged them by underfunding our regulators, steadily weakening antitrust enforcement, rubber stamping merger after terrible merger, and replacing competent Judges with bobble head dolls. All under the pretense that doing anything else would be disastrous, while clinging tightly to a consumer welfare standard that sometimes seemed incapable of addressing modern market, labor, and consumer harms.

[…]

The movement to rein in big tech and shore up antitrust enforcement certainly has valid components, based on justified anger at years of dodgy business practices. But this anger has been proven to be exploitable by folks like News Corporation and AT&T. Both companies are looking to saddle their Silicon Valley competitors in online advertising with rules that don’t apply to their own businesses, while simultaneously demolishing constraints and oversight of their own sectors (see: net neutrality, the dismantling of FCC authority, or the steady erosion of media consolidation rules protecting small businesses).

[…]

Meanwhile, many of the bills are oddly selective in what they deem to be a “dominant platform.” The Platform Competition and Opportunity Act (pdf), for example, greatly restricts what constitutes a monopolistic offender, making sure to carve out exceptions for telecom giants, Mastercard, VISA, and Walmart. The bill bans companies from owning or operating a business that “presents a clear conflict of interest,” but only if the company in question has 50 million monthly active U.S. users and a market cap of over $600 billion:

“…is owned or controlled by a person with net annual sales, or a market capitalization greater than $600,000,000,000, adjusted for inflation on the basis of the Consumer Price Index, at the time of the Commission’s or the Department of Justice’s designation under sec13 tion 4(a) or any of the two years preceding that time, or at any time in the 2 years preceding the filing of a complaint for an alleged violation of this Act.”

Again, this very specific restriction omits a lot of companies that are engaging in the same kind of anticompetitive behavior, including many that see overlap in markets dominated by technology giants (telecom). It’s also just kind of an arbitrary restriction given that what others value you at isn’t necessarily what determines whether or not you’re engaging in anticompetitive behavior. The actual, anticompetitive behavior does.

But just looking at the $600 billion valuation threshold gives a sense of just how this line-drawing happened. Under this definition (including the number of US users), it looks like the law only applies to Apple, Microsoft, Amazon, Google (Alphabet) and Facebook. That’s it. It seems notable that companies which are also kinda powerful and dominant, but happen to fall just somewhat beneath the threshold, include Visa, Mastercard, JP Morgan Chase, Bank of America, Walmart, Disney… and Comcast, AT&T, and Verizon.

[…]

Telecom giants like AT&T and Comcast have spent the last three or four years successfully convincing many DC policymakers that Silicon Valley giants are the only dominant giants worth worrying about. Rupert Murdoch has been playing similar reindeer games. Pretending “big tech” monopolies are the only monopolies that need immediate fixing benefits both, and exploiting legitimate public anger at big tech isn’t particularly hard right now on either side of the aisle.

[…]

Source: Recent Antitrust Push Is Weirdly Narrow, Pretends Telecom And Banking Don’t Exist | Techdirt