New Cryptocurrency Planned by Messaging App Telegram

Social network Telegram is moving ahead with its plans to issue its own cryptocurrency, dubbed Gram, within the next two months. The 200 million to 300 million global users of its messaging app will also have access to Gram digital wallets. Telegram appears to have the same ambitions for Gram that Facebook has for its Libra cryptocurrency: as a way to move money worldwide. In early 2018, Telegram tapped $1.7 billion from prominent investors including major Silicon Valley venture capitalists to launch the fund. Continue reading New Cryptocurrency Planned by Messaging App Telegram

Cyber Threat Alliance’s Early Sharing Aims to Stop Hackers

The nonprofit Cyber Threat Alliance (CTA) has organized its members, which includes some big tech companies such as Cisco, McAfee, Palo Alto Networks and Symantec, to share knowledge about software bugs and hacking threats, to alert their customers and limit the damage. To do so, the companies have decided to put cybersecurity ahead of the competition. Dubbed “early sharing,” the strategy goes into action as government-linked groups in China, Iran, North Korea and Russia run devastating hacking campaigns. Continue reading Cyber Threat Alliance’s Early Sharing Aims to Stop Hackers

Chinese, Iranian, Russian Hackers Honing Their Attack Skills

The National Security Agency and security firm FireEye recently detected extensive attacks by Iran on U.S. banks, businesses and government agencies, prompting the Department of Homeland Security to declare an emergency during the government shutdown. The attacks from Iran took place at the same time that China renewed its efforts to steal trade and military secrets, from Boeing, General Electric Aviation and T-Mobile. Meanwhile, Microsoft detected a Russian government operation targeting think tanks critical of Russia. Continue reading Chinese, Iranian, Russian Hackers Honing Their Attack Skills

Twitter and Facebook Uncover Deceptive Global Campaigns

In the wake of Russia using social media to spread misinformation, Bangladesh, Venezuela and Iran are following suit, the first two in order to assert government talking points and the latter to spread fake news on everything from the war in Syria to September 11 conspiracy theories. These social media disinformation campaigns come at a time that several countries, including India and the Ukraine, are preparing for national elections. Disinformation reportedly played a role in the recent contentious election in Brazil. Facebook and Twitter indicate they are investigating such misuse of their platforms and taking down offending accounts. Continue reading Twitter and Facebook Uncover Deceptive Global Campaigns

Justice Department Levies Multiple Charges Against Huawei

The Justice Department charged Huawei and its chief financial officer Meng Wanzhou with the theft of trade secrets, obstructing a criminal investigation and evading economic sanctions on Iran. The charges are part of an aggressive move by the U.S. to block the Chinese telecom firm suspected of undermining national interests. The charges are based on Huawei’s internal emails describing a plan to steal T-Mobile testing equipment. Internal memos also link Meng to bank fraud to evade sanctions against Iran. Continue reading Justice Department Levies Multiple Charges Against Huawei

Facebook Seeks to Stop Russian Disinformation Campaigns

Facebook deleted nearly 500 pages and accounts after discovering two disinformation campaigns linked to Russia. Employees of Sputnik, a Russian government-controlled agency, were linked to many of the pages that use innocuous independent news pages on sports, travel and weather to mask their disinformation. The pages, which were targeted largely at users in Europe and Central Asia, make clear that Russian-government linked groups continue their efforts to use Facebook as a means of spreading misinformation. Continue reading Facebook Seeks to Stop Russian Disinformation Campaigns

Senate Releases Reports with Details of Russian Interference

The Senate Intelligence Committee released two reports that reveal how Russia’s Internet Research Agency targeted groups including African-Americans, evangelical Christians and pro-gun activists to confuse voters, create division and support Donald Trump’s run for president. The Russian operation reportedly used every digital platform available, including Facebook, Instagram, Vine, LiveJournal and even “Pokémon Go.” The research also revealed how these same digital platforms delayed reporting the extent and type of interference. Continue reading Senate Releases Reports with Details of Russian Interference

U.S. Does Not Sign France’s Cyberspace Security Agreement

At the UNESCO Internet Governance Forum, French president Emmanuel Macron issued an initiative to set international Internet procedures for cybersecurity, including revealing tech vulnerabilities. Fifty nations, 90 nonprofits and universities and 130 private corporations and groups have endorsed the “Paris Call for Trust and Security in Cyberspace” — but not the United States. U.S. companies Google, Facebook, IBM, and HP signed on to the agreement, which outlines nine goals but doesn’t bind signatories legally to comply. Continue reading U.S. Does Not Sign France’s Cyberspace Security Agreement

Facebook Growth Slows in Early Stage of its Shift to Video

Facebook recorded lower Q3 revenue than expected, the result said chief executive Mark Zuckerberg of “an unsteady transition” from News to more popular but less profitable Stories, which allows users to build photo/video montages that disappear after 24 hours. The company relayed that the transition’s early stage will be marked by higher costs, including more investment in 2019, and continued slow growth. Investors took the news in stride, unlike the July earnings report that resulted in a stock price plummet. Continue reading Facebook Growth Slows in Early Stage of its Shift to Video

U.S. Restricts Business Interaction With Chinese Chipmaker

The U.S. Commerce Department announced yesterday that it plans to restrict American companies from doing business with semiconductor startup Fujian Jinhua Integrated Circuit Co. Micron Technology has accused the state-owned Chinese chipmaker of stealing company secrets, which has raised concerns regarding national and economic security. The restriction will prevent U.S. firms from selling software and goods to Jinhua, which relies on U.S. technology to build its chips. The announcement is the latest in an ongoing battle with China over intellectual property issues. Continue reading U.S. Restricts Business Interaction With Chinese Chipmaker

Facebook Says Spammers, Not Nation-State, Behind Breach

Facebook’s internal investigation into the recent data breach that affected 30 million user accounts has concluded that the hack was the work of spammers disguised as a digital marketing company, and not foreign nationals. Facebook believes the attack was initiated by a group of Facebook and Instagram spammers that intended to make money by means of deceptive advertising. The FBI is continuing its investigation into the hack, which is the worst security breach in the social network’s 14-year history. Continue reading Facebook Says Spammers, Not Nation-State, Behind Breach

Senate Intelligence Committee to Question Tech Execs Today

Senate Intelligence Committee hearings will begin today to examine a host of issues regarding big technology firms, including Facebook, Twitter and Google, and weigh whether the issues might be addressed by legislative or executive actions. Those companies already stand accused of not controlling the use of their platforms to disseminate misinformation and, in general, not taking enough responsibility for content. Meanwhile, conservatives accuse the platforms of bias in policing content. Continue reading Senate Intelligence Committee to Question Tech Execs Today

Facebook Removes Fake Accounts Linked to Iran and Russia

Facebook identified and removed 652 fake accounts, pages and groups from Iran and Russia that were attempting to sow misinformation in several countries. Such campaigns in the past — most notably leading up to the 2016 presidential election — targeted the U.S., but these accounts targeted the U.K., Latin America and the Middle East as well. This discovery is dramatically larger than the 32 pages and accounts that Facebook removed last month. The Kremlin-linked Internet Research Agency was indicted for the 2016 campaign. Continue reading Facebook Removes Fake Accounts Linked to Iran and Russia

U.S. Commerce Department Lifts Trade Ban on China’s ZTE

Following a deal made by President Trump, the U.S. Commerce Department has given the go-ahead to Chinese telecom company ZTE to resume its commercial relations with U.S. suppliers. ZTE was told the ban would be lifted once the company placed $400 million into an escrow account and paid a $1 billion fine, part of the penalty the Department had imposed on ZTE for breaking an earlier agreement to not sell to Iran and North Korea. ZTE’s failure to make good on this agreement led the Commerce Department to ban U.S. companies from selling to the Chinese company. Continue reading U.S. Commerce Department Lifts Trade Ban on China’s ZTE

Federal Government Makes Deal to Put ZTE Back in Business

The Trump administration has reportedly reached an agreement that would keep Chinese telecom equipment manufacturer ZTE in business. The deal requires that ZTE pay a major fine, make management changes, and place U.S. compliance officers at the company. ZTE had earlier announced it would cease operations after the White House banned it from buying U.S. tech components in response to ZTE violating U.S. sanctions against North Korea and Iran. The new agreement would permit ZTE to resume its business with Qualcomm and other U.S. companies. Continue reading Federal Government Makes Deal to Put ZTE Back in Business

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