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Bitcoin hacker targets Meghan Markle’s friend’s fashion company

Bitcoin hacker targets Meghan Markle’s friend’s fashion company

Meghan Markle’s designer friend’s Misha Nonoo’s fashion company has been targeted by a Bitcoin BTC hacker.
Nonoo, who is rumoured to have introduced Markle to Prince Charles, said she was “mortified” after a hacker gained access to her eponymous label’s email list and began sending threatening messages.

In an email, written in broken English, the hacker claimed to have access to customers’ devices after installing spyware on the brand’s website.
Email sent by hacker. Image via the Daily Mail.The hacker then threatened to publish all their photos if they did not send $583 to his or her Bitcoin address.
“I scanned your hard drive and found enough of your frank and very sexy photos to be surprised,” the hacker wrote. “Oh yeah! You are beautiful and amazing. I would not mind having an affair with you but I need the funds.”
In the email, the hacker requested that customers Google ‘Buy Bitcoin’ if they were having issues transferring the funds, claiming their photos and data would be deleted once the payment was received.
“Know that I am closely watching your device and all your accounts. If I see that you share with someone about this letter, then all your photos and data will be instantly distributed!”
Nonoo re-assured customers in an email statement, explaining no payment information had been compromised as a result of the hack.
“It pains me to say that over the weekend a hacker gained access to our email list and sent out an aggressive email to many of you, using scare tactics to try to access information,” the designer said.
“We were alerted to the hack minutes after it occurred and quickly moved to disable our accounts to prevent any further access to email distribution while we investigated the source and extent of the hack,” she added. “We are mortified that such an attack could happen and are treating it incredibly seriously.”
Nonoo’s company is not the first to be targeted by Bitcoin hackers, and it surely won’t be the last.
It goes without saying that businesses need to work harder to protect customers‘ data, but I can’t stress how important it is for civilians to refuse to give in to hackers‘ demands. Whatever you do, don’t pay up!
Hackers will hack – it’s what they do, but we can certainly try and stop them in their tracks.
Did you know? Hard Fork has its own stage at TNW2019, our tech conference in Amsterdam. Check it out.

Published April 23, 2019 — 08:30 UTC

Yessi Bello Perez

April 23, 2019 — 08:30 UTC

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Bitcoin News

Moonday Mornings: Binance to resume deposits and withdrawals after $40M Bitcoin hack

It’s time for Moonday Mornings, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines. Here’s what happened. 1. Binance says it will resume deposits and withdrawals on its platform on Tuesday. The cryptocurrency exchange had suspended the functions following an attack in which hackers stole over $40 million worth of Bitcoin. 2. The…

Moonday Mornings: Binance to resume deposits and withdrawals after $40M Bitcoin hack

It’s time for Moonday Mornings, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines.

Here’s what happened.

1. Binance says it will resume deposits and withdrawals on its platform on Tuesday. The cryptocurrency exchange had suspended the functions following an attack in which hackers stole over $40 million worth of Bitcoin.

2. The figureheads of the fake cryptocurrency scheme, OneCoin, are being sued. Brother and sister duo, Konstantin Ignatov and Ruja Ignatova are facing a class action law suit for their involvement in the scam which was “based completely on lies and deceit,” ZDNet reports.

3. A Bitcoin BTC fueled ransomware attack hit the Baltimore City government last week. Despite being cleaned of the ransomware, hackers are allegedly still accessing the infected computers, ZeroHedge reports. The Federal Bureau of Investigation is now investigating the attack.

4. The creator of the Bitcoin treasure hunt Satoshi’s Treasure is claiming nearly 60,000 people are following the global challenge, CoinDesk reports. One player has already claimed the first prize, and didn’t even have to go anywhere to claim it.

And finally.

5. William Shatner is putting William Shatners on the blockchain. The former Star Trek actor is joining Mattereum, a legaltech firm, to document the authenticity of science collectibles and memorabilia from a range of franchises on the blockchain.

That’s another weekend’s headlines for you. Live long and prosper.

Published May 13, 2019 — 07:58 UTC

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Amazon granted patent for Bitcoin-style system to fight DDoS attacks

Cryptocurrency rumor mongers are likely to be dancing today as Amazon has successfully filed a patent for a Bitcoin-styled Proof-of-Work system. But don’t get ahead of yourself, it doesn’t look like the Seattle-based ecommerce giant will be accepting Bitcoin for payments. Despite first being filed in December 2016, Amazon’s patent application was granted earlier this…

Amazon granted patent for Bitcoin-style system to fight DDoS attacks

Cryptocurrency rumor mongers are likely to be dancing today as Amazon has successfully filed a patent for a Bitcoin-styled Proof-of-Work system. But don’t get ahead of yourself, it doesn’t look like the Seattle-based ecommerce giant will be accepting Bitcoin for payments.

Despite first being filed in December 2016, Amazon’s patent application was granted earlier this week and appears to outline a system that uses Proof-of-Work to prevent distributed denial-of-service (DDoS) attacks.

“One way to mitigate against such attacks is to configure a service such that requests to the service incur some sort of expense, thereby providing a disincentive to participating in the attack,” the application reads.

Planting a Merkle Tree

Amazon proposes to use Merkle Trees to present a Proof-of-Work challenge and make it too costly for a series of computers to perform a DDoS attack.

But what’s a Merkle Tree? In short, Merkle Trees are cryptographic tools where blocks of data are manipulated to give them a unique identifier also known as a hash.

These hashes are then manipulated again to create a parent hash. Parent hashes are always a combination of two or more child hashes. It’s layers on layers of hashed data.

Since computing power is required to build a Merkle Tree, performing such hashes could get very costly in terms of time, electricity, and resources. In turn, this makes DDoS attacks economically unfeasible.

In the case of Amazon’s patent, imagine having to construct a Merkle Tree before you’re allowed to access a website hosted on one of its servers. To an individual the cost might be insignificant, but to an organization trying to carry out a DDoS attack – which might involve many hundreds of computers – it could become prohibitively expensive.

Amazon’s Merkle Tree

Merkle Trees are also used in Proof-of-Work blockchains like Bitcoin as part of its consensus mechanism. But for now that’s as close as Amazon will get to Bitcoin.

Indeed, with this news it seems Amazon is still of the “blockchain, not Bitcoin” mantra. Earlier this month, the web giant said that AT&T, Accenture, and Nestlé are all using its cloud-based blockchain tools.

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South African voters fear mobile political campaigns will steal their personal info

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