Security News for the Week Ending December 2, 2022

Cryptocurrency Collapse Continues

Cryptocurrency lender and financial firm BlockFi filed for bankruptcy as the Ponzi scheme called Cryptocurrency continues its uncontrolled collapse. FTX was supposed to bail them out, but guess what – that is unlikely to happen. Withdrawals are “paused” for now, another term for you are screwed. Also remember that if you have any money at BlockFi, you are just another unsecured creditor. You might as well file with the court – you might get five cents for every dollar you had. Maybe. You never know; it could be better. Credit: Motherboard

Let’s Encrypt Has Issued 3 Billion HTTPS Certificates for Free

Selling SSL or TLS certificates used to be a license to print money. $50 or more per certificate per year per web site – you do the math. Then came Let’s Encrypt, When the Electronic Frontier Foundation and others started Let’s Encrypt, they hit a lot of bumps as their competitors heard their cash registers go silent. Combining a free price, automated installation and renewal and a 90 day certificate life making stealing certificates somewhat useless has led to 3 billion certificates protecting 300 million websites. Credit: Naked Security

Australia to fine companies up to $50 Mil or 30% of revenue for some breaches

After two huge breaches recently, Australia passed a new law allowing the government to fine companies for serious or repeated breaches. The fine could be any of $50 million AU dollars, 30% of the entitiy’s adjusted revenue in the period or three times the value of the information. Stay tuned. Credit: The Hacker News

Sandy Hook denier and Infowars host files for bankruptcy

Sandy Hook massacre denier and Infowars host Alex Jones filed for bankruptcy, as expected, after he was convicted and assessed a penalty of a billion dollars. I am sure this will open a whole can of worms over his finances that will likely get very ugly and will also likely require court supervision of his finances, but I am not sure he had another choice. Credit: Vice

Researchers Figure out how to hack cars and steal them

Researchers have created a Python script to hacker Hyundai and Genesis cars and all you have to know is the registered email address for the owner. You can start, stop, unlock and lock the car. You can also execute many commands to the car as well. Hackers and car makers have been playing cat and mouse for years and this is just the most recent chaper. Credit: The Record

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