The Lottery Hackers

That’s when it hit him. Right there, in the numbers on the page, he noticed a flaw—a strange and surprising pattern, like the cereal-box code, written into the fundamental machinery of the game. A loophole that would eventually make Jerry and Marge millionaires, spark an investigation by a Boston Globe Spotlight reporter, unleash a statewide Read more about The Lottery Hackers[…]

Tesla’s Amazon Cloud Account Hacked to Mine Cryptocurrency

An unidentified hacker or hackers broke into a Tesla-owned Amazon cloud account and used it to “mine” cryptocurrency, security researchers said. The breach also exposed proprietary data for the electric carmaker. The researchers, who worked for RedLock, a 3-year-old cybersecurity startup, said they discovered the intrusion last month while trying to determine which organization left Read more about Tesla’s Amazon Cloud Account Hacked to Mine Cryptocurrency[…]

Crooks opt for Monero, paypal, ebay and gamesfor laundering

“Platforms like Monero are designed to be truly anonymous, and tumbler services like CoinJoin can [further] obscure transaction origins,” said Dr Mike McGuire, senior lecturer in criminology at Surrey University and author of the study. Many cybercriminals are using virtual currency to convert the illegal proceeds of crime into hard cash and assets. Digital payment Read more about Crooks opt for Monero, paypal, ebay and gamesfor laundering[…]

Can AMD Vulnerabilities Be Used to Game the Stock Market?

On Tuesday, a little known security company claimed to have found vulnerabilities and backdoors in some AMD processors. Within some parts of the security community, the story behind the researchers’ discovery quickly became more interesting than the discovery itself. The researchers, who work for CTS Labs, only reported the flaws to AMD shortly before publishing Read more about Can AMD Vulnerabilities Be Used to Game the Stock Market?[…]

Phishing and Attempted Stealing Incident on Binance VIA / BTC coins not only stopped, but costs hackers money

On Mar 7, UTC 14:58-14:59, within this 2 minute period, the VIA/BTC market experienced abnormal trading activity. Our automatic risk management system was triggered, and all withdrawals were halted immediately. This was part of a large scale phishing and stealing attempt. So far: All funds are safe and no funds have been stolen. The hackers Read more about Phishing and Attempted Stealing Incident on Binance VIA / BTC coins not only stopped, but costs hackers money[…]

If you’re so smart, why aren’t you rich? Turns out it’s just chance.

The most successful people are not the most talented, just the luckiest, a new computer model of wealth creation confirms. Taking that into account can maximize return on many kinds of investment. […] The distribution of wealth follows a well-known pattern sometimes called an 80:20 rule: 80 percent of the wealth is owned by 20 Read more about If you’re so smart, why aren’t you rich? Turns out it’s just chance.[…]

Glitch on Bitcoin Exchange Drops Prices to Zero Dollars, User Tries to Make Off With Trillions

Zaif, A cryptocurrency exchange in Japan reportedly experienced a temporary glitch last week that suddenly offered investors their pick of coins for the low, low price of zero dollars. Several customers took advantage of the opportunity, but one really ran with it. According to Reuters, it was possible to buy cryptocurrencies for free on the Read more about Glitch on Bitcoin Exchange Drops Prices to Zero Dollars, User Tries to Make Off With Trillions[…]

Tesla accused of knowingly selling defective vehicles in new lawsuit

A former Tesla employee claims the company knowingly sold defective cars, often referred to as “lemons,” and that he was demoted and eventually fired after reporting the practice to his superiors. He made these allegations in a lawsuit filed in late January in New Jersey Superior Court under the Conscientious Employee Protection Act (CEPA).The former Read more about Tesla accused of knowingly selling defective vehicles in new lawsuit[…]

Coinbase empies bank accounts without consent

Digital currency exchange Coinbase said it inadvertently charged punters for transactions they never made, effectively draining money from their bank accounts. It has promised to refund the money taken. For the last few days, netizens have been complaining that funds had vanished from bank accounts linked to Coinbase without reason. Some people report multiple charges Read more about Coinbase empies bank accounts without consent[…]

LoopX Startup Pulls ICO Exit Scam and Disappears with $4.5 Million

A cryptocurrency startup named LoopX has pulled an exit scam after collecting around $4.5 million from users during an ICO (Initial Coin Offering) held for the past weeks. The LoopX team disappeared out of the blue at the start of the week when it took down its website and deleted its Facebook, Telegram, and YouTube Read more about LoopX Startup Pulls ICO Exit Scam and Disappears with $4.5 Million[…]

At least 4200 popular and large websites hijacked by hidden crypto-mining code after popular plugin pwned

Thousands of websites around the world – from the UK’s NHS and ICO to the US government’s court system – were today secretly mining crypto-coins on netizens’ web browsers for miscreants unknown. The affected sites all use a fairly popular plugin called Browsealoud, made by Brit biz Texthelp, which reads out webpages for blind or Read more about At least 4200 popular and large websites hijacked by hidden crypto-mining code after popular plugin pwned[…]

The gender pay gap at Uber is small and has a reason

Specifically, the study stated, drivers who make runs for Uber more frequently are more likely to know where and when to operate in order to get the highest-paying fares. Thus, because women, on average, spend less time driving for Uber than their male counterparts, they are less likely to be around to grab the highest-paying Read more about The gender pay gap at Uber is small and has a reason[…]

Japanese cryptocurrency exchange loses more than $500 million to hackers

Coincheck said that around 523 million of the exchange’s NEM coins were sent to another account around 3 a.m. local time (1 p.m. ET Thursday), according to a Google translation of a Japanese transcript of the Friday press conference from Logmi. The exchange has about 6 percent of yen-bitcoin trading, ranking fourth by market share Read more about Japanese cryptocurrency exchange loses more than $500 million to hackers[…]

Hackers Hijacking CPUs to Mine Cryptocurrency Have Now Invaded YouTube Ads

As Ars Technica first reported on Friday, users on social media started complaining earlier this week that YouTube ads were triggering their anti-virus software. Specifically, the software was recognizing a script from a service called CoinHive. The script was originally released as a sort of altruistic idea that would allow sites to make a little Read more about Hackers Hijacking CPUs to Mine Cryptocurrency Have Now Invaded YouTube Ads[…]

Security Breaches Don’t Affect Stock Price. Or don’t they?

Abstract: This report assesses the impact disclosure of data breaches has on the total returns and volatility of the affected companies’ stock, with a focus on the results relative to the performance of the firms’ peer industries, as represented through selected indices rather than the market as a whole. Financial performance is considered over a Read more about Security Breaches Don’t Affect Stock Price. Or don’t they?[…]

Crypto-cash exchange BitConnect pulls plug amid Bitcoin bloodbath

Amid a cryptocurrency price correction that has seen the price of Bitcoin drop by half from its mid-December peak, UK-based cyber-cash lending and exchange biz BitConnect said it is shutting down. The firm, dogged by accusations that it is a Ponzi scheme, cited bad press, regulatory orders, and cyber attacks for its market exit this Read more about Crypto-cash exchange BitConnect pulls plug amid Bitcoin bloodbath[…]

Wall Street Analysts Are Embarrassingly Bad At Predicting The Future, Study Finds

The researchers looked at a database of long-term growth forecasts made for all domestic companies listed on a major stock exchange. The forecasts are made in December each year, and predict how well a company’s stocks will do over the next three to five years. From 1981 to 2016, they found that the top 10 Read more about Wall Street Analysts Are Embarrassingly Bad At Predicting The Future, Study Finds[…]

Major Cryptocurrency Index Excludes Korean Prices Without Warning, creates apparent drop in prices

CoinMarketCap, arguably the most prominent global index of cryptocurrency prices, triggered a wave of anxiety and anger this morning when it removed a group of Korean cryptocurency exchanges from its price calculations.Though the change was apparently made at midnight Sunday U.S. EST, CoinMarketCap did not publicize it until midday on Monday, saying that the Korean Read more about Major Cryptocurrency Index Excludes Korean Prices Without Warning, creates apparent drop in prices[…]

Chrome Extension with 100,000 Users Caught Pushing Cryptocurrency Miner

A Chrome extension with over 105,000 users has been deploying an in-browser cryptocurrency miner to unsuspecting users for the past few weeks.The extension does not ask for user permission before hijacking their CPUs to mine Monero all the time the Chrome browser is open.Named “Archive Poster,” the extension is advertised as a mod for Tumblr Read more about Chrome Extension with 100,000 Users Caught Pushing Cryptocurrency Miner[…]

Coinbase Freezes Bitcoin Cash Trades, Launches Insider Trading Probe

Coinbase, one of the world’s most popular cryptocurrency apps, surprised its users by adding Bitcoin Cash to its offerings on Tuesday. But it appears that not everyone trading in the altcoin was blindsided by the move. Before the announcement, prices for Bitcoin Cash began climbing in other markets, and now a self-investigation of possible insider Read more about Coinbase Freezes Bitcoin Cash Trades, Launches Insider Trading Probe[…]

Bitcoin exchange Youbit shuts after second hack attack – BBC News

A crypto-currency exchange in South Korea is shutting down after it was hacked for the second time in less than eight months. Youbit, which lets people buy and sell bitcoins and other virtual currencies, has filed for bankruptcy after losing 17% of its assets in the cyber-attack. It did not disclose how much the assets Read more about Bitcoin exchange Youbit shuts after second hack attack – BBC News[…]

‘Grinch bots’ are stealing Christmas

“Bots come in and buy up all the toys and then charge ludicrous prices​ a​midst the holiday shopping bustle​,” the New York Democrat said on Sunday. “​Cyber bots ​— ​we call them ‘Grinch bots’ — ​are expanding their reach and​ ​unfairly scooping up the hottest toys your parents can’t even click buy.​”​​For example, Schumer said, Read more about ‘Grinch bots’ are stealing Christmas[…]