$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 …

Mogadishu gets its first motorcycle hailing app

You can now hail a motorcycle service in the Somali capital, Mogadishu. The Go! app launched in the Indian Ocean city today (May 1) promising affordable and convenient options in the city’s bustling transport sector. The e-hailing service is starting out with 20 motorcycles, allowing customers to order their rides online or hail them on …

Non-Profits Object Removal of .org Price Caps in a Joint Letter to ICANN

A group of non-profit organizations has opposed the removal of price caps in the .org Registry Agreement. In a joint letter sent to ICANN on Monday, The group that comprises NPR, YMCA, C-SPAN, National Geographic Society, AARP, The Conservation Fund, Oceana, and National Trust for Historic Preservation says they are disappointed and concerned that ICANN …

Australians lost almost half a billion dollars to cryptocurrency scams

Almost half a billion dollars were lost by Australians due to scams in 2018, according to an Australian Competition and Consumer Commission (ACCC) report released on Monday. The report stated that the ACCC-controlled Scamwatch and other government agencies received over 378,000 scam reports in 2018, with the total combined losses from scams exceeding AU$489 million …

Domain Name Overseer Proposes Ending Price Caps on .Org, .Info Domains

ICANN has proposed new contracts for the .Org and .Info registries that would eliminate price caps on the domain names. Under the terms of the new agreements, .Org operator Public Interest Registry and .Info operator Afilias could increase prices on registrations to an unlimited amount, provided that they give advance notice. A price hike means …

617 million stolen accounts from 16 hacked websites including MyFitnessPal data found in the Dark Web

Stolen user information from 16 popular apps and services including Dubsmash and MyFitnessPal is now being sold on the dark web, according to a report from The Register. A seller on the dark web marketplace Dream Market has come forward offering login details for more than 617 million accounts for just under $20,000, to be …

ICO probe on GDPR violation claims may land Google a fine worth 4% of its $136.8 billion 2018 global turnover

The Information Commissioner’s Office (ICO) is to investigate claims that internet giant Google has violated the EU General Data Protection Regulation (GDPR). It follows a series of complaints filed with the ICO over the company’s data collection practices. The company has faced similar complaints and investigations in jurisdictions across the European Union, many of them …

Russia’s telco regulator sues Facebook and Twitter for failure to detail how they’ll comply with data laws

Russia’s telecom regulator on Monday opened a civil case against Facebook and Twitter over their alleged failure to explain how they’ll comply with data laws. Roskomnadzor wants to know how and when the social media sites will comply with legislation requiring all servers that store Russians’ personal data to be located in the country, it …

West African Banks & financial firms hit by four different hacking campaigns in 2018

According to a report published today by US cyber-security giant Symantec. Organizations in Cameroon, Congo (DR), Equatorial Guinea, Ghana, and the Ivory Coast have been hit, Symantec said today. The attacks, which haven’t yet been attributed to any hacking group, in particular, have used low-end malware strains and applications natively found on Windows systems (a …

Unsealed docs that Facebook fought to keep secret reveal how Zuckerberg targeted competitor Vine

Mark Zuckerberg and his colleagues were apparently concerned enough about Vine, a video app from Twitter, that on the day it launched in January 2013, they moved to restrict its access to Facebook user data, a trove of internal Facebook emails released by the U.K. Parliament on Wednesday shows. The decision to restrict Vine’s access …