LUK's IT Topics

BLACK LABEL 's security solution, the mutual verification system, allows all coins to be stored on the server of the coin company, leaving only the transaction book records in the personal electronic wallets. Also, replacing COIN company's server entrance and electronic wallet with card and employee pass issued by BLACK LABEL, not ID and PW, and changing log-in with NFC tag makes security of secure password money possible. In order to enter the cryptographic exchange server, the BLACK LABEL's identity authentication server must pass first. At this time, the employees who are allowed to enter the Exchange Server can enter the server by NFC tagging the employee pass with the mutual verification system issued by BLACK LABEL. This is an alternative to the existing ID and PW, and it is not possible to expose it to external hackers because the individual identification code is changed infinitely without pattern, and even if one of them is exposed, it has nothing ...

Developed by MERCEDES BENZ for the first time 20 years ago, the SmartKey has been very convenient for motorists. However, since this technology has been applied so far, the smart key security has not been upgraded so that even if a simple wireless hacking device is purchased on the market, the password which is exchanged between the car and the smart key is wirelessly captured, the car door is opened, Things are happening in a random way. The biggest problem in smart key security so far is that the identification code exchanged between the smart key and the key is a fixed value and the security is difficult to hack the fixed single code value. However, if a mutual verification system, which is a security solution of BLACK LABEL, is applied to a smart key and a vehicle, it is impossible to access the vehicle even if the identification code value is fixed in a single code, Can be made. This is because the code that has been changed once and then discarded is discarded. ...

The case for closer regulation of digital asset trading gains ground after losses of US$1.73 billion so far this year For the many cryptocurrency holders who care about security, the year 2018 is shaping up to be a nerve-racking one. The reported losses from cryptocurrency hacks and scams in the first half have already surpassed US$1.73 billion, or more than half of the total recorded losses since 2011, according to Crypto Aware, a community-focused advocacy initiative. Of these, 36 per cent represented losses from exchange hacking. The biggest exchange hack so far also took place this year. In January, more than 500 million units of the NEM token, then valued at US$547 million, were stolen from Japanese crypto-exchange Coincheck, upstaging the US$480 million loss suffered in 2014 by users of Mt. Gox, at that point the world’s biggest crypto-exchange, when 800,000 bitcoin were stolen. The hack triggered a series of legal claims and the crypto-exchange’s insolv...

The Money Makers Club now has 6 of 15 available seats. Learn more here! Everyone is always focused on the potential upside of buying cryptocurrency, but they forget there are always going to be hidden downsides as well. The downside risk of investing in cryptocurrencies is huge. Not only do you need to worry about the high volatility of these assets, but you also need to bear in mind that theft is always a possibility, and the assets are poorly regulated.  Lack of Regulation Creates Opportunity for Thieves In the equity and debt markets, there are stringent controls on the way capital is invested and the rules that govern investors. The goal is to protect investors from any fraud or wrongdoing, and even though there are times where it takes regulators longer than normal to catch on (see: Bernie Madoff), the general effect is a safer investment marketplace.  Fraud can occur in a variety of ways. It can be the result of false claims by the company regarding the s...

Millions of travelers are vulnerable to cyberattack if they join public Wi-Fi networks in airports, according to a new report by Coronet, a cybersecurity company.  Here's what experts say to do to avoid cyberattack and what to do if you've joined a public Wi-Fi network in the past. Sam Hodgson | Bloomberg | Getty Images Travelers walk through San Diego International Airport in San Diego. There's a bigger danger lurking in U.S. airports than mediocre meals: public Wi-Fi networks. The convenience of these easy ways to connect online is often masked by the fact that many are unencrypted, insecure or improperly configured, according to a recent study by Coronet, a cybersecurity company. If that's the case, it is much easier for hackers to access your device and install malicious software, steal your passwords or login information and download other data such as emails. Hacking, which includes phishing, ransomware, malware and skimming, is the most common...

Singapore's Ministry of Health (MOH) revealed today that a hacker had breached its IT systems and stolen personal and health-related data on roughly 1.5 million citizens. MOH officials said this was not the work of casual hackers or criminal gangs but a deliberate and well-planned attack that sought to gather health information on the country's prime minister. "The attackers specifically and repeatedly targeted Prime Minister Lee Hsien Loong’s personal particulars and information on his outpatient dispensed medicines," the MOH said in a statement. Data stolen for 1.5 million citizens The hackers were successful in exfiltrating Prime Minister's Lee data. According to MOH, hackers stole data for around 1.5 million patients who visited SingHealth’s specialist outpatient clinics and polyclinics from 1 May 2015 to 4 July 2018. Officials say the stolen data included details such as name, NRIC number, address, gender, race, and date of birth. For 160,000 pat...