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