Skype finalizes its move to the cloud, ignores the elephant in the room | Ars Technica

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he exposure of IP addresses to peers was abused to perform denial of service attacks against victims, a problem that became distressingly common in the world of e-sports.

From Skype finalizes its move to the cloud, ignores the elephant in the room | Ars Technica

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Blockchain and the Auditing Revolution – Real Time Audit within the Capabilities of Blockchain | Fintech Schweiz Digital Finance News – FintechNewsCH

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Whereas auditing at present entails the confirmation of transactions and balances on a company’s accounting ledger at the end of the period, a transaction on the blockchain would provide a permanent and immutable record of the transaction almost immediately.

From Blockchain and the Auditing Revolution – Real Time Audit within the Capabilities of Blockchain | Fintech Schweiz Digital Finance News – FintechNewsCH

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Why Standards Would Aid Blockchain’s Adoption | American Banker

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Committing to standards would help the industry “get around some of the other hurdles while the underlying technology matures,” said John Burnett, vice president of the Emerging Technologies Center at State Street Corp.

From Why Standards Would Aid Blockchain’s Adoption | American Banker

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Burnett’s list of hurdles is long: how to represent existing assets in a digital way on a blockchain, how existing players communicate with blockchains, what information should be stored on the blockchain, what capabilities can be enabled via smart contracts, and how to represent identities on a blockchain while still meeting know-your-customer and anti-money-laundering requirements. 

From Why Standards Would Aid Blockchain’s Adoption | American Banker

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Techie Held For Hacking Air India Frequent Flyers Accounts

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A 23-year-old techie has been arrested for hacking Air India’s Frequent Flyer member accounts and using them to book tickets sold to several travel agents, Delhi Police said on Sunday.

From Techie Held For Hacking Air India Frequent Flyers Accounts

Now if that isn’t conclusive proof that frequent flier miles are money, I don’t know what is!

"Bank to the FinTech" Why Banks of the Future Won’t Use Cash | Chris Richards Finteched | Pulse | LinkedIn

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In the future, social networks such as Facebook will become a new type of bank – a bank of your social credit. If you have poor social credit scores, people will be less likely to do business with you. Those with positive social values or high Klout scores will get better deals or superior rates of lending.

From “Bank to the FinTech” Why Banks of the Future Won’t Use Cash | Chris Richards Finteched | Pulse | LinkedIn

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Reputation will become a real social currency.

From “Bank to the FinTech” Why Banks of the Future Won’t Use Cash | Chris Richards Finteched | Pulse | LinkedIn

I couldn’t agree more. It’s almost as if your identity was a new form of, well. money.

Facebook ‘hack’ victim exposes passport scam – BBC News

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Facebook user Aaron Thompson has exposed an online thief who gained access to his account simply by sending the support team a fake passport to unlock the account.

From Facebook ‘hack’ victim exposes passport scam – BBC News

As Bruce Schneider wrote about this, “demanding an easy-to-forge copy of a hard-to-forge document isn’t a good solution”. Now, I don’t doubt that the algorithms used by Au10tix and others will continue to improve, but the real solution (yawn, here he goes again) is a digital passport. One of the key differences between a digital passport and a mundane passport is that while a mundane passport is a passive item, digital passport should be able to check the validity of other digital passports.

Nearly six million fraud and cyber crimes last year, ONS says – BBC News

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It estimated there were two million computer misuse offences and 3.8 million fraud offences in the 12 months to the end of March – suggesting fraud is the most common type of crime.

Most related to bank account fraud.

From Nearly six million fraud and cyber crimes last year, ONS says – BBC News

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Do you want a verified account on Twitter? Now you can apply. – Recode

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You’ll need to send in some info as part of the application, like your birth date and phone number, and you need to have an actual photo on your profile. Twitter may require more verification, too, like a copy of a government-issued ID.

From Do you want a verified account on Twitter? Now you can apply. – Recode

Surely these will end up on wikileaks at some point. A much better idea is not give your sensitive personal data to yet another place where it can be lost from but to instead provide Twitter with proof of attributes from a third party.

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