The government of Finland said Thursday it was preparing legislation that would allow citizens to change their personal identity codes in cases of gross data breaches that carry a high risk of identity theft. The government’s fast-tracked proposal was designed primarily to assist thousands of people whose personal information was stolen during a hacking of […]
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South Korean telecom giant, SK Telecom, has announced the rollout of its first e-wallet aimed at digitally storing and managing government-issued documents, gaining approval from the country’s Ministry of Public Administration. According to SKT, the wallet will be powered by blockchain technology, and will be compatible with Government24’s digital initiative program, which promotes and encourages […]
Finland’s interior minister summoned key Cabinet members into an emergency meeting Sunday after hundreds — and possibly thousands — of patient records at a private Finnish psychotherapy center were accessed by a hacker or hackers now demanding ransoms. Finnish Interior Minister Maria Ohisalo tweeted that authorities would “provide speedy crisis help to victims” of the […]
As we move towards a cashless world, mobile payments are considered to be the future. Cash is already a thing of the past in some markets, but more nations are adapting to the changes brought on by the Covid-19 pandemic. 1 billion people are expected to use mobile payment apps or e-Wallets worldwide by the […]
In a year where companies far and wide shifted their business to remote operations due to the Covid-19 pandemic, it comes as no surprise that cyberattacks and data breaches have drastically increased during 2020. According to a report published by Kaspersky there have been almost 726 million confirmed cyberattacks since the beginning of the year; […]
MIAMI (AP) — A Florida teen was identified Friday as the mastermind of a scheme earlier this month that commandeered Twitter accounts of prominent politicians, celebrities and technology moguls and scammed people around the globe out of more than $100,000 in Bitcoin. Two other men were also charged in the case. Graham Ivan Clark, 17, […]
LONDON (AP) — The global pandemic and U.S. protests are forcing a pullback by advertisers on Twitter, but it’s also led to an unprecedented surge of users. Average daily user growth spiked 34% in the second quarter, the company said Thursday, the largest jump in users ever recorded by the company. In an earnings call, […]
OAKLAND, Calif. (AP) — Twitter says the hack that compromised the accounts of some of its most high-profile users targeted 130 people. The hackers were able to reset the passwords of 45 of those accounts. The San Francisco-based company said in a blog post Saturday that for up to eight of these accounts the attackers […]
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — A Japanese high court on Thursday upheld a lower court’s decision that the French head of Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking attack, was guilty of manipulating electronic data but not embezzlement. The Tokyo District Court last year sentenced […]
Recently, it seems that the global community has jumped aboard the digital currency bandwagon with China’s exploration of a digital yuan, to Facebook’s Libra. Now, Japan are working on a proposal for the county, to issue its own digital currency – the digital yen. This is said to be a joint initiative between the government and […]