Ledger wallet vulnerability instigates wider discussion about computer security
So-called "hardware wallets" store private key material on dedicated flash devices, held offline. One of the leading hardware wallet makers is embroiled in a debate with customers: they want OEMs to provide comprehensive security, but may not be able to secure their own home or office computing environment, leaving a critical gap and no one to blame.
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"The new Cyber Unit in the Division of Enforcement is going to be more aggressive with enforcement actions against those who violate the law."
"Last week, some customers using credit cards started to see an additional 'cash advance' charge on their card statement. This was the result of the MCC code for digital currency purchases being changed by a number of the major credit card networks."
"A Chinese miner running a top-of-the-line Bitmain Technologies Ltd.’s Antminer S9 at 13.5 TH/s, for example, would be pulling in roughly $80 a week in profits – assuming Bitcoin remained at its 50-day moving average of $13,200. Unfortunately, it did not. Instead, it has fallen to levels nearly half that price."
"Not even the world’s most intractable demographic predicament has stopped Japanese people from sliding slowly toward financial hardship, frozen into inaction by their own cautiousness."
"What is even worse is that – due to Ledger’s design which requires new addresses be generated consistently – users have no viable options to 'verify the integrity of the receive address.' This could dupe users into thinking the displayed receiving address is indeed authentic, while this might not at all be the case."
"Cybercriminals have exploited long-held measures of trust, including the reputation or category of certain websites, to avoid detection and increase the effectiveness of their attacks."
Sia publishes January Community Update. Sia
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