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Endless Hack Stories

Endless Hack Stories
Let’s face it, the internet has been buzzing with endless hack stories, one after the other — celebrities, politician, CEOs and even scientists have fallen victim in recent years. Vast swathes of sensitive and classified data have been leaked and exposed. We thought it would be a good idea to take a closer look at some of the higher-profile cases and ask; what happened, how, and what were the consequences?
Russia’s Alleged Election Hack
The 2016 US presidential election was the epicentre of a prolonged hacking scandal of a kind history had never seen before. As a candidate, Donald Trump was at first perceived by many as an unlikely contender because of his character, numerous eccentricities and patterns of behaviour that many thought to reveal downright buffoonery. Even so, in the end, he prevailed over the “perfect” Democratic candidate, former State Secretary, Hillary Clinton. The first scandal to rock the presidential race was the Democratic National Committee email leak. Almost 20 thousand emails to and from DNC staff members, including key officials, were allegedly stolen by Russian hackers and handed over to WikiLeaks. The publication was damaging, and the source was never disclosed.
The leaked content exploded like a bomb since it contained suggestions that the party leaders had worked to sabotage Bernie Sanders’ campaign for the Democratic Party’s nomination (as we all know, he ended his race on July 12, 2016, by formally endorsing Clinton to run against Trump). DNC chair, Debbie Wasserman Schultz resigned in the scandalous aftermath.
Needless to say, that didn’t exactly help the Democrats in the following stages of the race and might well have actually contributed to Donald Trump’s ultimate victory. On July 31, in an interview with Fox News, Hillary Clinton openly accused Russia’s intelligence services of hacking into Democratic National Committee computers. Allegations that Russia interfered have pretty much been the focus of attention for America’s political elite ever since and been the catalyst for ever-more scandals. In late December 2016, President Obama’s administration ordered the expulsion of 35 Russian diplomats from the US as a means of sanctioning Russia for “malicious cyber activity” referred to as ‘Grizzly Steppe’ in a new FBI report. The scandal expanded even further when the Director of National Intelligence released a joint intelligence report in early January 2017, followed by the US Department of Justice opening a Special Counsel investigation into the ‘Russian interference’.
Whether or not Russian intelligence services really did ‘hack’ the US election and tip the balance in Trump’s favour remains an open question to this day. What we can say for sure is that the hack contributed extensively to increasing tension between the two superpowers and no one can say for sure where it will all lead. If that doesn’t teach everyone a lesson about the importance of data security, we don’t know what will!
Sony Pictures Hack: Reputations in Tatters
Movie executives at Sony Pictures paid a heavy price in November 2014 for a massive data leak instigated by a hacker group calling itself “Guardians of Peace”. The hackers got their hands on personal information of about more than 47,000 current and former company employees; this included executive salaries, emails, copies of unreleased Sony films, and a whole host of other data. The attackers made threats and demands for payment without clearly specifying what they actually wanted, and while Sony tried to figure out the scale of the damage and how to respond, the bad guys started leaking the data.
What sparked the most public outrage were e-mail exchanges between Sony Pictures Chair, Amy Pascal and producer, Scott Rudin. First, it was revealed that Rudin had called actress Angelina Jolie “a minimally talented spoiled brat” in emails discussing her upcoming remake of the classic film Cleopatra (which, by the way, was never finished). To add insult to injury, there were further revelations of several racist jokes by Rudin and Pascal about none other than the then President of the United States, Barack Obama. The two had mockingly suggested they should mention films about African-Americans upon meeting the president at a forthcoming fundraising event. Both Pascal and Rudin were compelled to issue public apologies for their insensitive and insulting Jolie and Obama comments. We humbly suggest that no one would willingly trade places with those two.
Alonzo Knowles: Genius or Lousy Fence?
This curious story occurred in 2015; Alonzo Knowles, a 23-year-old Bahamian man, managed to develop a hacking scheme that allowed him to steal data concerning celebrities and famous athletes. His digital haul included unpublished film and TV show scripts, social security numbers, emails, passport details, unreleased music tracks and even sexually explicit videos. One script that’s known to have been hacked was, “All Eyez on Me”, a biopic about the legendary rapper, Tupac Shakur.
The hacker tried to profit from his theft by extorting money from some of his victims, their producers and show-runners. His actions came to official attention when “a popular radio host” contacted the executive producer of a TV show, saying scripts for the show had been offered for sale. The channel that broadcast the show contacted law enforcement authorities, and an undercover agent went to cut a deal with Knowles, who was operating under an alias, and the operation ultimately led to his arrest.
Knowles tried to sell a package of data and scripts for $80,000 but instead was sent to jail for 5 years. It seems he had a knack for grabbing the goodies but wasn’t very adept when it came to fencing them. In fact, he was very good at extracting information, he collected dossiers on as many as 130 stars!
Climategate: Global Warming, Huh?
This is a curious case because these hackers weren’t seeking to extort money or wield political influence, at least not directly. They behaved more like whistle-blowers. In November 2009, a server at the University of East Anglia (UEA) Climatic Research Unit (CRU) was hacked by an external attacker who copied and released thousands of computer files and emails attributed to prominent American and British climate researchers. This was just weeks before the Copenhagen Summit on climate change. The leak was following by an outcry from climate-change “sceptics” who argued that the documents conclusively showed how global warming was nothing more than a scientific conspiracy and that scientists had manipulated climate data.
Well, as many as eight committees investigated the allegations and leaked documents and found no evidence of fraud or scientific misconduct thus proving the theorists who denied climate change wrong. However, from the point of data security, this case demonstrates that even the world’s leading scientific institutions can be hacked. As for the “bad rep” after-effects, it must be acknowledged that, to this day, none of the official reports has succeeded in shaking off the sceptics; conspiracy theorists still refer to “Climategate” every now and then. Some things do tend to stick, don’t they?
Celebgate: Victims said it was “Equivalent to Sex Crime”
2014 saw a scandal in which hundreds of nude photos and videos of Jennifer Lawrence and other celebrities were stolen from their Apple iCloud accounts and posted online, known as Fappening or Celebgate. Among other victims were Kim Kardashian, Kate Upton, Kelly Brook, Kirsten Dunst, a total of 100 stars! The hackers released some photos for free and exchanged others for Bitcoin (which were worth around $500 a piece at the time).
The fallout was massive, the victims were enraged, and the FBI investigated the outrageous violation of privacy. One interesting detail is that Apple later reported that the victims’ iCloud account information had been obtained using targeted attacks on usernames, passwords and security questions, such as phishing and brute-force guessing. Essentially they said that the breach had been made possible because the celebrities were careless and used weak passwords.
Celebgate remains the most significant leak so far of personal celebrity photos and details, we hope it stays that way.
All of this tells us again how vital user device security is. No one can promise a totally trouble-free life, not even us, but if you can’t be hacked, data security and privacy won’t be among the troubles you have to worry about. Wouldn’t that be good?
submitted by AegeesMessenger to u/AegeesMessenger [link] [comments]

Interesting anecdote on cross border transfer - does Bitcoin help here or not?

From the Australian website macrobusiness (see the comments):
A mate of mine is a real estate agent in Balwyn – the epicentre of Chinese investment in Melbourne property. He tells some interesting stories. The new restrictions are really having an effect. One Chinese buyer had to go to extraordinary lengths to settle on a property last week. Apparently they used to be able to get lots of people in China to transfer $50k each to a single bank account here in Australia ($50k was the max you could transfer out in 3 or 6 months or something from a Chinese bank account). Now China is also tracking the account receiving the money – the same overseas account cannot receive more than $50k from Chinese accounts. Anyway, the Chinese buyer tried the ‘old’ approach and was rung by the Bank of China advising her that the attempted money transfers were illegal. The buyer needed about $2m. What they ended up doing was flying their whole family out (10+ people) to all set up bank accounts here in Australia. The flights would have cost of fortune. Plus they contacted people they knew in Australia to help out. They then used multiple accounts in China to transfer to multiple accounts in Australia, before putting the money into a single account in Australia. So it’s much harder to get money out – but still possible. Has to stop some buyers, at least. More generally my mate tells me that expressions of interest are down, there are fewer Chinese turning up to open for inspections, etc – all in the past 2 or so weeks. Will be interesting to see what happens when the ATO steps up later this year.
It interests me to consider: does Bitcoin help the person in this case? It doesn't make the transfer any less illegal to the CCP, but let's put that to one side for the moment.
Consider that a $2 million dollar (this is AUD not USD so it's actually 30% less but let's pretend it's $2m for simpler numbers) buy would be about 10K BTC. Given that there are multiple fairly big exchanges and a lot of USD and RMB liquidity, I guess you could buy this fairly quickly, but once the market gets wind of such a big buyer the offers will start disappearing rapidly. In other words, you might get a lot of slippage on price and might end up paying a few percent more than the starting price. (Doing a special deal with a miner might make some sense, but that would be seriously hard if not impossible).
Then consider liquidating into AUD. Much less AUD liquidity of course, but you could liquidate into USD and transfer to an arbitrary international account; after all, a wire transfer fee into Australia is basically zero compared to everything else discussed here. Another problem might crop up there: wire transfers of $2m into a new account could create AML/KYC flags, at the Bitcoin exchange, and at the one or two bank accounts involved.
Add to that the general volatility risk of the Bitcoin exchange rate; it's more of a risk than a certain cost, but if BTC moves against fiat by more than 5% in all this, it could be quite a big hit.
Compare all that to the cost of flying 15 people to and from Australia and doing it that way. I would ballpark that at $40K (also huge hassle, which is not so quantifiable), even imagining you can find that many people amongst friends and family that can do this for you.
Overall? I doubt the person involved even considered Bitcoin, but on balance I think they would still go with the flights approach, because the limitations/costs of it are more certain.
But, I see scenarios which would skew it more in Bitcoin's favour:
submitted by waxwing to Bitcoin [link] [comments]

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Now, one bitcoin exchange btc list crypto knight investments is worth thousands of dollars.BTC/USD rate. The snapshot was taken at the same time on all of the exchanges.Turns out, these people ended up paying to mine all these coins in favor of Nicehash's hackers. For a fee, you can send Changelly a coin and receive another back. When it comes to Bitcoin, Tim Swanson is known to many as the man who sees the glass half empty. Whether or not that’s true, it’s fair to say that Tim has critical opinions about Bitcoin and questions many of the assumptions held by those who wish to see it succeed. So far in 2018 over $673 million has reportedly been lost due to cryptocurrency hacks. Since the inception of bitcoin and the cryptocurrency markets, that number totals in the billions. Bitcoin is a digital currency that was invented by Satoshi Nakamoto in 2008. It is mainly a cryptocurrency that is highly secure. It is a digital wallet that can be used to do online shopping, electronic transactions, etc. It is a decentralized system that is based on blockchain technology. And it is a peer-to-peer exchange […] BLOCKCHAIN LAW EPICENTRE. Blockchain is a new paradigm of technological development. As per Investopedia, a Blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. ... Gartner has described Blockchain as a type of distributed ledger in which value exchange transactions (in bitcoin or other token) are ...

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TGIF! Live Bitcoin Analysis and Trading - Interviews - Live at Epicenter SF Blockchain Week 2019!

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