WHY IT MATTERS: Digital Transformation

When the botnet loses communication to a C2 domain—typically because there is some sort of law enforcement action—the botnet knows to go and scan the entire public Bitcoin blockchain and it looks for transactions between those three Bitcoin addresses,” said Plante. In other words, every time a C2 domain gets taken down, Glupteba can automatically reconstitute via a new domain address sent through the gang’s crypto wallets.
The decentralized nature of the blockchain means that there isn’t really any way to block these messages from going through, or to incapacitate the associated crypto addresses, said Plante.

You’re surrounded by disruption and rapid change. Maybe you’re looking for solutions. A way to seize opportunities. We all are. It’s a sprint to stay ahead of technology. Blockchain. Automation. AI. Cybersecurity. It will forever change the way accounting is done. And forever change those who do it. It’s time to reset, redefine and reskill. The way we learn. The way we work. And the way we move forward. Here, you’ll find what you need to not just survive, but adapt and thrive. And disrupt disruption.

The Canadian government is continuing their experiments with blockchain to see how the new technology can further help the country. The federal government announced that it will pioneer the testing of the Known Traveller Digital Identity system, a new concept that helps to improve the security and flow of travellers across borders. This new program uses biometrics, cryptography and distributed ledger technology to give travellers more control over how and when they share their information with authorities. This can lead to expedited clearance and build more trust and transparency between travellers and authorities as they look to improve risk detection.

In an evermore connected world, large-scale cyberattacks and online threats to businesses are rising exponentially. The Cyber-Risk & Resilience special report, published in The Sunday Times, features insights into the impact cybercriminals can inflict on organisations and individuals. From chatbots spreading fake news, risks concerning personal data, biometrics and fraud, as well as tackling phishing emails, the potential dangers are unprecedented. Also included is an infographic on why hackers hack and an article on the top five ways quantum computing will change cybersecurity for good.

Kon is taking me to see one of the vaults where Xapo, the company he works for, stores its customers’ bitcoins. It’s no ordinary vault: I’ve been told it’s inside a decommissioned Swiss military bunker dug into a granite mountain. Its precise location is secret, and access is limited by security measures that would put a Bond villain to shame.
A bitcoin vault doesn’t store actual bitcoin units. Technically, what’s being stored are private, cryptographic keys. These keys form a pair with particular, public-facing, keys and provide access to the balance of coins stored on the bitcoin network. Gaining unauthorized access to someone’s private keys is akin to making off with a gold bar.