How Hackers Pulled Off a $20 Million Mexican Bank Heist

How Hackers Pulled Off a $20 Million Mexican Bank Heist

Loza emphasizes that while the attacks likely required extensive expertise and planning over months, or even years, they were enabled by sloppy and insecure network architecture within the Mexican financial system, and security oversights in SPEI, Mexico's domestic money transfer platform run by central bank Banco de México, also known as Banxico.

States Need Way More Money to Fix Crumbling Voting Machines

States Need Way More Money to Fix Crumbling Voting Machines

States Need Way More Money to Fix Crumbling Voting Machines “We are driving the same car in 2019 that we were driving in 2004, and the maintenance costs are mounting,” one official told the Brennan Center for Justice in a new survey.

What's the Value of a Facebook Cryptocoin?

What's the Value of a Facebook Cryptocoin?

With a centralized approach, Facebook could sidestep the sluggishness and high costs of decentralized blockchains, like Bitcoin, and keep an eye on nefarious uses of its coin.

Post-Apocalyptic Insurers Try Out a New 'Make it Rain' Strategy

Post-Apocalyptic Insurers Try Out a New 'Make it Rain' Strategy

“If you have good enough data and good enough sensing technologies, such as the seismometer network in California or the hurricane-hardened WeatherFlow anemometer stations on the East Coast, you can get that data and very quickly work out whether someone should be getting paid,” says Samuel Jay Gibson, of the Capital and Resilience Solutions Group at the catastrophe risk modeling firm RMS.

ATM Hacking Has Gotten So Easy, the Malware's a Game

ATM Hacking Has Gotten So Easy, the Malware's a Game

(But at that point, ATM cyberthief, why would you?) “These people do have a sense of humor and some spare time.” Konstantin Zykov, Kaspersky Lab Kaspersky started tracking the WinPot family of malware back in March of last year, and in that time has seen a few technical versions on the theme.

Don't Blame Fortnite for Activision-Blizzard's Layoffs

Don't Blame Fortnite for Activision-Blizzard's Layoffs

There is a Fortnite Effect, yes, but it's not being caused by the game's continuing utter dominance—the source is a lack of original thinking among developers and investors both. Activision-Blizzard announced that it would pour money into its games, increasing development staff up to 20 percent over the next year.

By Defying Apple’s Rules, Facebook Shows It Never Learns

By Defying Apple’s Rules, Facebook Shows It Never Learns

After the political consulting firm Cambridge Analytica was accused of violating Facebook’s rules by harvesting and retaining data on tens of millions of users without their knowledge, Facebook banned nearly every app the company had ever touched, including some unaffiliated research apps that were associated with the University of Cambridge.

If Convicted, Huawei Faces Bigger Problems Than Fines

If Convicted, Huawei Faces Bigger Problems Than Fines

The first indictment accuses Huawei and its executives, including CFO Meng Wanzhou, of crimes including bank fraud, wire fraud, money laundering, and obstruction of justice related to alleged violations of sanctions forbidding the sale of US-made equipment to Iran.

The US Government Shutdown Tops This Week's Internet News

The US Government Shutdown Tops This Week's Internet News

Take Lara Trump’s comments early in the week, in which the wife of Eric Trump responded to the suggestion that the shutdown hurts federal workers by saying, "this so much bigger than any one person.

Pharma Spending on Doctors Is Correlated With Opioid Deaths

Pharma Spending on Doctors Is Correlated With Opioid Deaths

In a study published today in the journal JAMA Network Open, researchers at the Boston Medical Center found a strong association between direct-to-physician marketing dollars spent by drug companies, the number of opioid prescriptions issued by doctors, and the number of deaths in each US county from prescription opioids.

To Prevent Wildfires, Treat Utilities Like Railroad Barons

To Prevent Wildfires, Treat Utilities Like Railroad Barons

(PG&E declined to comment for this story, pointing instead to a press release that says it will “make investments in system safety as it works with regulators, policymakers and other key stakeholders to consider a range of alternatives to provide for the safe delivery of natural gas and electric service for the long-term in an environment that continues to be challenged by climate change.”) Utilities know full well how to manage their risk.

Bitcoin Exposed Silicon Valley's Ultimate Aim: Making Money

Bitcoin Exposed Silicon Valley's Ultimate Aim: Making Money

(At the time, my reporting appeared in the business section of a national newspaper, but as should be obvious by now I didn’t have much of a knack for business or dystopian fantasy.) If you think companies like Facebook and Google are about manipulating the public to make money without concern about the damage done to society, then the bitcoin story should be your ur-text.

The Year of the Scammer: It’s Not Just Con Artists Anymore

The Year of the Scammer: It’s Not Just Con Artists Anymore

This year, looking at the work of creatives like Glover and Murphy, reading stories like Preston’s, I realized that sometimes a scam isn’t just the only option, but the best one.

Why Should Anyone Believe Facebook Anymore?

Why Should Anyone Believe Facebook Anymore?

Unlike with Cambridge Analytica, the Times says, Facebook provided access to its users’ data knowingly, and on a greater scale.Some companies, like Microsoft and its Bing search engine, had access to all a Facebook user's friends without consent.

The Mad Scramble to Claim the World's Most Coveted Meteorite

The Mad Scramble to Claim the World's Most Coveted Meteorite

When he wasn’t roping cattle or gunsmithing with his father, Ward spent his free time searching for rocks among the sagebrush and saguaros.Ward’s father started taking him to gem and mineral shows, and one day young Ward made his way into the booth of Debra Heidelar, a prominent meteorite dealer, who heard a voice saying “Excuse me, ma’am” but couldn’t figure out where it was coming from until she looked down, below her counter, and saw a tiny cowboy asking very politely if he could please buy a piece of the Canyon Diablo iron.

A Complete Guide to All 17 (Known) Trump and Russia Investigations

A Complete Guide to All 17 (Known) Trump and Russia Investigations

A Complete Guide to All 17 (Known) Trump and Russia InvestigationsORGE SILVA/AFP/Getty ImagesWhile popular memory today remembers Watergate as five DNC burglars leading inexorably to Richard Nixon’s resignation two years later, history recalls that the case and special prosecutor’s investigation at the time was much broader; ultimately 69 people were charged as part of the investigation, 48 of whom pleaded guilty or were found guilty at trial.After three weeks of back-to-back-to-back-to-back bombshells by federal prosecutors and special counsel Robert Mueller, it’s increasingly clear that as 2018 winds down, Donald Trump faces a legal assault unlike anything previously seen by any president—a total of at least 17 distinct court cases stemming from at least seven different sets of prosecutors and investigators.

Nationwide Bomb Threats Look Like a New Spin on an Old Bitcoin Scam

Nationwide Bomb Threats Look Like a New Spin on an Old Bitcoin Scam

Nationwide Bomb Threats Look Like a New Spin on an Old Bitcoin ScamEduardo Munoz Alvarez/Getty ImagesIn offices and universities all across the country Thursday, the same threat appeared in email inboxes: Pay $20,000 worth of bitcoin, or a bomb will detonate in your building.

How Doug Engelbart Pulled off the Mother of All Demos

How Doug Engelbart Pulled off the Mother of All Demos

It got him and his group off the ground.Engelbart: I got the money to do a research project on trying to test the different kind of display selection devices and that’s when I came up with the idea of mouse.Bill English: (chief engineer at SRI) That happened in ’63.

Tumblr’s Porn Bloggers Eye Pillowfort and Dreamwidth

Tumblr’s Porn Bloggers Eye Pillowfort and Dreamwidth

“Even those who have their primary hangout elsewhere use us as a permanent redirect to wherever they're socializing most," she says, "because after ten years, people are beginning to trust that we mean it when we say we're planning to be around for the long haul.”Not Ready for PrimetimePillowfort, on the other hand, looks a lot like Tumblr, but it can’t yet handle the traffic that comes along with popularity.Baritz created Pillowfort in 2016 to be exactly what disaffected Tumblr bloggers are now in search of: an open-minded site that can host images and videos; allows reblogging, commenting, and community building; encourages a strong artistic bent; and doesn’t censor NSFW content.

Here's a Way to Fight Climate Change: Empower Women

Here's a Way to Fight Climate Change: Empower Women

She argues that if women were treated more equally professionally, they’d have fewer kids and the land they farm would be more efficient, all of which would help save the planet.“Women are the primary farmers of the world,” Wilkinson says.

A Quiet War Rages Over Who Can Make Money Online

A Quiet War Rages Over Who Can Make Money Online

Members of the incel community—including the official Twitter account for incels.is, a central hub for adherents—have joined with other men’s rights activists, using the content policies of online payment companies such as PayPal as weapons to block female pornographic actors and sex workers from making or spending money online.The campaign is called the “ThotAudit,” in reference to the derogatory term “thot,” which stands for “that ho over there.” It began over the Thanksgiving holiday as a grassroots effort to intimidate sex workers and women who sell access to private pornographic social media accounts by reporting them to the Internal Revenue Service for tax evasion—without evidence of wrongdoing.

Stop Worrying About Buying Carbon Offsets for Your Flights

Stop Worrying About Buying Carbon Offsets for Your Flights

You can also use the cash to invest in wind farms, or contribute to international aid projects with environmental benefits, like distributing clean-burning cooking stoves in India.Good marketers of offsets will disclose what they’re funding, and how they calculate the emissions saved.

Tesla, GM, and Nissan Unite to Save Their EV Tax Credits

Tesla, GM, and Nissan Unite to Save Their EV Tax Credits

Just as Elon Musk's automaker has started to hit its stride—churning out Model 3s, outselling Audi and Cadillac, making a profit—the federal tax credit that can knock $7,500 off the price of its electric cars is expiring.That credit, established in 2008, starts to phase out once a manufacturer sells 200,000 fully or plug-in electric vehicles in the US.

Midterm Election Voters Shot Down a Carbon Tax, But It'll Rise Again

Midterm Election Voters Shot Down a Carbon Tax, But It'll Rise Again

Initiative 1631 was technically a fee, not a tax; It would’ve charged many emitters $15 per metric ton of carbon, increasing every year until emissions declined—and the money would pay for green infrastructure like clean power generation, environmental remediation, and projects in communities most affected by pollution.

Carbon Capture Is Messy and Fraught—But Might Be Essential

Carbon Capture Is Messy and Fraught—But Might Be Essential

But Oldham says Carbon Engineering has gotten the price down to $100 per ton, in part by co-opting technologies in its facility from other industries like water treatment.The problem is it’s hard to make money while trying to pull carbon from the air and sequester it back underground where it belongs.

Google-Funded Study Finds Cash Beats Typical Development Aid

Google-Funded Study Finds Cash Beats Typical Development Aid

It’s a contrarian idea that questions conventional thinking about international aid, it has low overhead, it’s easily scalable using mobile phones, and it’s measurable.Faye, the GiveDirectly cofounder, called the study “the first ever A/B test for USAID.” Zeitlin, the Georgetown professor and coauthor of the study, says this research aligns with Silicon Valley’s interest in disruptive ideas because it questions the effectiveness of traditional aid programs.A recent cash-transfer study showed early gains disappearing over time.

Melinda Gates' New Research Reveals Alarming Diversity Numbers

Melinda Gates' New Research Reveals Alarming Diversity Numbers

This group will coordinate to direct their giving collectively, with the twin goals of creating a set of guidelines that will revamp the computer science major to appeal more to women of color and while building dedicated communities that will support these women within the industry, among other things.Gates has long contended that collecting data is critical to addressing the social challenges she has spent the second part of her career tackling as a philanthropist; companies may say they care deeply about problems, but until the research exists to show them exactly what the problem looks like, how it’s changing, and what measures have been shown to be effective in addressing it, not much changes.

Mercedes' Urbanetic Concept Is a Shape-Shifting Future Van

Mercedes' Urbanetic Concept Is a Shape-Shifting Future Van

B: They have a vague idea of what the future looks like and want to share, but aren’t ready to put real money or effort behind whatever wild plan they think might get them through it.The Vision Urbanetic, which Mercedes-Benz revealed this week, falls so firmly in the latter category, its creator doesn’t even call it a concept car.

We Know Exactly How to Stop Wildfires—With Money

We Know Exactly How to Stop Wildfires—With Money

Except if you don’t reduce the number of trees, and if you then also try to put out every fire, and allow runaway climate change to make droughts and heat waves worse … the boreal forests of North America will continue to literally go up in smoke, erasing the landscape and spewing climate-changing carbon into the atmosphere.Everyone pretty much agrees on how to deal with our new Burning World: Stop trying to suppress fire and start managing that land to restore a more natural (less intense) fire regime.

IPUs? These New Chips Are Minted For Marketing

IPUs? These New Chips Are Minted For Marketing

It seems the devices’ graphic processing units, or GPUs, designed to render flying gore and mayhem, also ran physics simulations faster than the CPUs in ordinary computers.Today, researchers still use GPU chips, not just for modeling but for artificial intelligence.

More