The Biggest Hacking Risk? Your Employees

from readwrite This January, a hacker broke into Ethereum Classic, one of the more popular cryptocurrencies, and began rewriting transaction histories. Until recently, blockchains were considered unhackable, but it’s clear that cybercriminals always find vulnerabilities. Here’s the lesson: If a blockchain can be hacked, no one is immune to the threat of cybercrime. And businesses are frequently exposed in unexpected ways. One of the easiest vectors for a cyberattack is employee negligence. Easily avoidable mistakes, such as using the same passwords at home and at work, put company data at risk. According to a report from information security company Shred-it, […]

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Why Now Is The Best Time To Embrace Blockchain Technology

from Forbes This is going to be a bold statement: It’s time for your business to start embracing blockchain, the biggest game-changer in technology since the internet. Blockchain, to those unfamiliar with the concept, is a hyperledger. This technology makes it possible for users to enjoy a transparent and distributed digital record of transactions while doing away with the need for a central database. By decentralizing data storage and enabling distribution of digital records, this technology provides transparency and allows users to transact with one another without needing a third party. With blockchain, everyone can manage their own data — from […]

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Cryptocurrency Boom, A Problem For Gamers, Is A Bonanza For GPU Makers

from ars technica The cryptocurrency boom has created a persistent shortage of high-end graphics cards. That has been a headache for gamers, who have to pay inflated prices for GPUs—if they can find them at all. But it has been a financial windfall to leading graphics card makers Nvidia and AMD. On Thursday, Nvidia reported soaring profits for the fourth quarter of 2017—a period when rapidly rising prices for Ethereum and other cryptocurrencies was driving a boom in amateur cryptocurrency mining with graphics cards. “Strong demand in the cryptocurrency market exceeded our expectations,” Nvidia chief financial officer Colette Kress said […]

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Is There a Cryptocurrency Bubble? Just Ask Doge.

from NYTs Jackson Palmer no longer thinks it’s funny to imitate Doge, the internet meme about a Shiba Inu dog whose awe-struck expressions and garbled syntax (e.g. “Wow. So pizza. Much delicious.”) made him a viral sensationseveral years ago. But if he did, he might channel Doge to offer a few cautionary words for investors who are falling for cryptocurrency start-ups, Silicon Valley’s latest moneymaking craze: Very bubble. Much scam. So avoid. Mr. Palmer, the creator of Dogecoin, was an early fan of cryptocurrency, a form of encrypted digital money that is traded from person to person. He saw investors […]

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In Recent Test, Blockchain Brings Transparency To Notorious Credit Default Swaps

from ars technica On Thursday, Wall Street’s bookkeeper announced that it had successfully tested blockchain technology to manage single-name credit default swaps (CDS) among four big banks: Bank of America Merrill Lynch, Citi, Credit Suisse, and JP Morgan. In a credit default swap, one bank buys the debt owed to another bank with the understanding that if the debt holder defaults on their loan, the buyer bank will be compensated by the selling bank. In the years leading up to the 2008 recession, the buying and selling of credit default swaps was not watched by regulators at all, and as an NPR explainer […]

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