Couple loses tens of thousands in Bitcoin investment scam, cryptocurrency losses grow

Nick Yeomans and his wife Josie thought they had hit the jackpot when a Bitcoin investment they made tripled in six months. To the amateur investors, the cryptocurrency trader they had found, Coinexx.org, seemed too good to be true. Slowly, they poured more money into their account, and were met with greater returns. They convinced …

Report Reveals Huawei Telecom Gear Much More Vulnerable to Hackers Than Rivals Devices

WASHINGTON—Telecommunications gear made by China’s Huawei Technologies Co. is far more likely to contain flaws that could be leveraged by hackers for malicious use than equipment from rival companies, according to new research by cybersecurity experts that top U.S. officials said appeared credible. Over half of the nearly 10,000 firmware images encoded into more than …

Hulu, Xbox Live and Reddit back up after outage

In internet-fail news, it looks like streaming service Hulu, gaming service Xbox Live and self-described “front page of the internet” Reddit all experienced outages Wednesday afternoon. Down Detector recorded over 10,000 reports about Microsoft’s Xbox Live being down and another 10,000 reports of Hulu being down. The Xbox Live status page confirms that core services are “limited.” “Our …

Again? China Telecom accused of rerouting a large chunk of European mobile traffic

For more than two hours on Thursday, June 6, a large chunk of European mobile traffic was rerouted through the infrastructure of China Telecom, China’s third-largest telco and internet service provider (ISP). The incident occurred because of a BGP route leak at Swiss data center colocation company Safe Host, which accidentally leaked over 70,000 routes …

YouTube announces plans to remove thousands of videos and channels to fight extremism

YouTube announced plans on Wednesday to remove thousands of videos and channels that advocate neo-Nazism, white supremacy and other bigoted ideologies in an attempt to clean up extremism and hate speech on its popular service. The new policy will ban “videos alleging that a group is superior in order to justify discrimination, segregation or exclusion,” …

Huawei-Google woes effects in Africa

Google’s decision to withhold its Android software from Huawei is being seen as the beginning of a technology cold war that could compel African countries – in the future – to choose between US and Chinese technology, analysts have told the BBC. Most Africans connecting to the internet today are likely to be using a …

Fin7 hacking group targets more than 130 companies after it’s leaders’ arrest in 2018

Following the arrest in 2018 of a number of suspected leaders of the notorious Fin7/Carbanak cyber-gang, the group was believed to have disbanded. But Kaspersky Lab researchers have detected a number of new attacks by the same groups using GRIFFON malware. According to the company’s experts, Fin7 might have extended the number of groups operating …

Sundar Pichai says Google is now thinking privacy first

In a series of sweeping announcements on Tuesday, Google announced it’s unveiling new privacy tools that would, if they lived up to the hype, let users restrict how companies track their online activities and compile and sell their personal data. Speaking at an annual conference for developers on Tuesday, Sundar Pichai, Google’s chief executive, delivered …

$4bn cryptocurrency Ponzi scheme lands OneCoin ‘CryptoQueen’ in a lawsuit

he operators of OneCoin, Konstantin Ignatov and Ruja Ignatova, are at the heart of a new lawsuit which alleges the brother and sister duo ran a multimillion-dollar Ponzi scheme designed to dupe cryptocurrency investors. The lawsuit (.PDF), filed this week by law agency Silver Miller on behalf of investor Christine Grablis with the US Southern …