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TECH

'Grumpy hold-outs' could sink Bitfinex recovery plan after Bitcoin theft

Crypto-currency exchange Bitfinex's plan to impose losses on all its trading clients for the theft by hackers of US$72mil (RM289.37mil) in Bitcoin rests on two flawed pillars.

Business

'Grumpy hold-outs' could sink Bitfinex recovery plan after Bitcoin theft

HONG KONG: Crypto-currency exchange Bitfinex's plan to impose losses on all its trading clients for the theft by hackers of US$72 million in Bitcoin rests on two flawed pillars, according to lawyers.

Business

Govt mulls taxing digital business platform, says Second Finance Minister

KUALA LUMPUR: The government is studying the possibility of imposing a tax on digital business platforms in order to create a level playing field between online and non-online businesses, Second Finance Minister Datuk Johari Abdul Ghani said.

TECH

Police, cyber firms tackle ‘ransomware’ hacking threat

Dutch police, Europol and a coalition of cyber security firms launched a new website to fight a surge in “ransomware” which locks users’ data until they pay criminals to retrieve it.

TECH

Thai companies beef up security as malware threats evolve

Spending on computer security in Thailand is expected to resume double-digit growth this year, fuelled by the growing sophistication of malware threats and development of the digital economy and the national e-payment system, says a security software firm.

TECH

Former US Secret Service agent suspected in additional Bitcoin thefts

A Secret Service agent who stole money seized by the government in the investigation of underground drug bazaar Silk Road is now suspected of stealing money in at least two other cases.

Nation

Preying on the gullible

Users, beware! With cybercriminals leveling up, ransomware attacks are expected to spike here. Malaysians shouldn’t let their guard down when it comes to personal information and should be on the look out for online scams.

TECH

Privacy vs security at heart of Apple phone decrypt order

A court order demanding that Apple Inc help the US government unlock the encrypted iPhone of one of the San Bernardino shooters is shaping up as a crucial test case of how far the government can go in forcing technology companies to help security and intelligence investigations.

TECH

Trend Micro expects online extortion to evolve into new forms in 2016

Trend Micro predicts cyber threats to evolve into personalised attacks on individuals and enterprise in the coming year.

Business

IOSCO sec-gen: Regulators must ‘wake up’ to fintech challenge

HONG KONG: The explosion in new technology-driven start-ups offering a range of alternative financial services is fast-becoming one of the biggest challenges for traditional regulators, the head of an international securities watchdog said.