A story which circulated last month where a South Korean firm declared they found wreckage of a Russian warship containing tons of gold appears to have been an altcoin fraud with the firm planning to create an altcoin backed by non-existent sea gold (archived). The firm allocated a rather specific value to the sea floor find without actually providing evidence of the alleged find's size, and an affiliate in Signapore began issuing an altcoin against that value.
Numerous reports are alleging that supplies meant to provide for Puerto Ricans in the wake of last year's devastating hurricane strike on the island are rotting at local election commision offices (archived). Intended to have been distributed, many of the perishable supplies have rotted after sitting for a year under the watch of the election commisions. Relatedly, the Puerto Rican government has conceeded this week that Hurricane casualties numbered at least 1427 despite their official tally having sat at 64 for an entire year following the Hurricane's end. "Our Democracy" strikes again.
A report investigating a Denial of Service botnet has revealed a substantial number of wireless gateways emplaced in emergency vehicles and around numerous USG infrasctructure sites that are full of holes (archived). These ready bake botnet nodes are embedded in networks as varied as airports, hydrogen refueling stations, and ambulance fleets. In addition to being recruited into producing poor internet weather, when installed in vehicles they can allow tracking the vehicle with sufficient resolution to guess what kind of vehicle: police, fire fighting, etc is ferrying around the vulnerable wireless gateway. Fixed installations of the vulnerable gateways has in several cases been documented as motivated by a desire to provision emergency access to the networks so compromised by the device's installaton.
The United States Department of Defense amid numerous reports of personnel leaking information through fitness tracking apps has decided to ban them (archived). As military personnel represent a substantial portion of the market for fitness related purchases, if only due to their nominally being graded on fitness for job retention and promotion, this is bleak news for the fitness tracking industry.
Semiconductor Fabricator TMSC annouced that they were hit with a virus that multiple pieces of their production operation in Taiwan. TMSC alleges the virus entered their systems as they were installing software for a new tool. TMSC's full announcement:
Issued by: TSMC
Issued on: 2018/08/05
Hsinchu, Taiwan, R.O.C., Aug 5, 2018 – TSMC today provided an update on the Company’s computer virus outbreak on the evening of August 3, which affected a number of computer systems and fab tools in Taiwan. The degree of infection varied by fab. TSMC contained the problem and found a solution. As of 14:00 Taiwan time, about 80% of the company’s impacted tools have been recovered, and the Company expects full recovery on August 6.
TSMC expects this incident to cause shipment delays and additional costs. We estimate the impact to third quarter revenue to be about three percent, and impact to gross margin to be about one percentage point. The Company is confident shipments delayed in third quarter will be recovered in the fourth quarter 2018, and maintains its forecast of high single-digit revenue growth for 2018 in U.S. dollars given on July 19, 2018.
Most of TSMC’s customers have been notified of this event, and the Company is working closely with customers on their wafer delivery schedule. The details will be communicated with each customer individually over the next few days.
This virus outbreak occurred due to misoperation during the software installation process for a new tool, which caused a virus to spread once the tool was connected to the Company’s computer network. Data integrity and confidential information was not compromised. TSMC has taken actions to close this security gap and further strengthen security measures.
The US National Rifle Association, an organization that has long been a major financial supporter of more than half of active US politicians at any given time, is in peril after facing a financial deplatforming attack led by New York Governor Andrew Cuomo (archived). As a result of Cuomo's blacklist campaign the NRA has lost its general liability insurance and is having extraordinary difficulty accessing the fiat financial services their organization depends on.
Politically motivated deplatforming campaigns have typically been limited in effect to denying social media access and occasionally financial services to figures outside the political mainstream on popular platforms. By contrast the National Rifle Association has long been a pillar of mainstream US politics serving to moderate the mass of would be conservative voters into a form more malleable to "our democracy" by promising them no matter what horrors may come, at least they could keep their guns. That's a rather tepid proposition for this age of The Great Again.
Venezuela's President Nicolas Maduro was allegedly attacked by explosive drones as he was giving a speech to celebrate the 81st anniversary of the "Bolivarian National Guard" (archived). Maduro celebrated his survival by delivering a speech condemning new NATO affiliate Colombia and the far right for the apparent attempt on his life.
Amid increasing isolation within Europe, political instability, and an unyeilding committment to a 1990's Clintonesque "end of history" worldview, the German political establishment is considering the merits of starting a nuclear weapons program (archived). Several years of sending their soldiers to joint NATO exercises armed with black broomsticks in the place of rifles (archived) has the German regime fearful that its allies might take the alliances which have blanketed Germany with foreign protection as unseriously as the Germans themselves do.
Germany has been dismantling their civil nuclear power generation infrastructure for years raising concerns over what they will do with all their delicious yellow cake.
The "Bitfi" wireless hardware wallet has been discovered to be very hackable and otherwise molestable contrary to vendor claims (archived). The device turns out to be a Mediatek Android smartphone board in a case readily pried open by a normal, healthy human thumbnail. Meanwhile the software stack is readily rootable and open to subterfuge as these things tend to be.