Consumer

BitCoin’s Popularity Is Undermining Promises of Anonymity

The virtual currency Bitcoin has soared in value against the U.S. dollar in recent months, topping out a staggering $913 USD to 1 Bitcoin (or BTC) as of late Tuesday. The currency had many ups and downs since it was launched in January 2009. But its main attraction, all along, has been anonymity. Unlike any other online payment system, Bitcoin transactions – like cash transactions – cannot be traced back to specific individuals. Also like cash, they cannot be reversed. Both those factors give Bitcoin users the confidence that their online purchasing activity – whether computer hardware or contraband will remain private. But a group of researchers at two U.S. universities have released a paper that suggests reports of Bitcoin’s anonymity may (to paraphrase Twain) “be greatly exaggerated.” Specifically: the researchers found that, by culling a variety of open source data using public data from the Bitcoin Peer to Peer network and from […]

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Fix From LG Ends Involuntary SmartTV Snooping, But Privacy Questions Remain

The electronics firm LG issued a software update for some “Smart TV” models that were discovered spying on owners, but the company still faces scrutiny over its privacy policy. The company issued a firmware update for its LG 42LN575V model television sets, which were the subject of scrutiny last week after a UK-based technology consultant using the handle “DoctorBeet” discovered that his LG television was transmitting information about his viewing habits to company servers without his consent. The blogger, “DoctorBeet” (aka Jason Huntley, of Yorkshire, England) first wrote about his discovery on November 18, setting off a small firestorm of controversy. An analysis by Huntley uncovered a number of sketchy or outright illegal data harvesting behaviors. Among them: His LG television sent information on which channels he viewed to an LG-owned web domain. (The domain in question was not in service at the time.) The LG television relayed information on […]

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Verizon: New Cloud Encryption Service Will Secure IoT Devices

Identity is one of the biggest challenges facing companies that are deploying products for the “Internet of Things,” as well as traditional enterprises that find IoT technologies of all types knocking at the door. The question, in short, is “how do I know that this device is legitimate, and ties back to an identity that I trust with access to my network resources and data? Of course, identity management has always been an aching problem in the enterprise space. The problem with the IoT is scale – given the sheer size of the IoT (30 billion connected devices by 2020), you can add a few “zeros” onto the number of devices that could, potentially, be seeking access to your network at any time. [Related read: Identity Management’s Next Frontier: The Interstate] It makes sense that, in a distributed environment like that, the cloud may be the best place to address […]

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FTC Taps Data Privacy, Security Experts For Top Posts

Amid high-profile scandals over government spying and concerns about the security of individuals’ data, the Federal Trade Commission (FTC) appointed experts in privacy and data security to two senior positions this week.   FTC Chairwoman Edith Ramirez on Monday announced the appointments of Latanya Sweeney as the agency’s Chief Technologist and Andrea Matwyshyn as a Senior Policy Advisor on privacy and data security issues. The appointments bring expertise in data privacy into the FTC’s senior ranks, as the agency wrestles with the implications of headlong expansion of Internet connected device, sometimes referred to as the “Internet of Things.” Sweeney is a professor of government and technology at Harvard University and the founder and director of Harvard’s data privacy lab. A Ph.D in computer science with degrees from Harvard and MIT, her research has focused on the de-identification of data, developing privacy technologies, and the protection of health information, according to the FTC. At […]

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Hack Uses Phone’s Camera and Mic To Best Anti-Keylogger

Smart phones these days are bristling with sensors. Forget about the camera and microphone – there are accelerometers, Global Positioning System components, not to mention Bluetooth and NFC transmitters. All those remote sensors enable all kinds of cool features – from finding the nearest Starbucks to mobile payments. But they also pose a risk to the privacy of the phone’s owner – as malicious actors (and the occasional national government) look for ways to turn cameras and other sensors into powerful, cheap and convenient spying tools. Now researchers at The University of Cambridge have demonstrated one possible, new attack type: harnessing the built-in video camera and microphone on Android devices to spy on an owner’s movements and guess his or her password. The technique could be a way for cyber criminals to defeat anti-keylogging technology like secure “soft” keyboards used to enter banking PINs and other sensitive information. The work […]

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