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Gary Edwards

These 28 Words Explain Why PayPal's Creators Are Funding A Startup To Kill It - Busines... - 0 views

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    "One of the strangest things about Stripe - or perhaps, one of the strangest things about Paypal - is the list of people who are funding Stripe. Three of its biggest individual backers are people who played a key role in making PayPal a success: cofounders Peter Thiel and Max Levchin, along with Elon Musk, who joined PayPal through an acquisition. Why would Thiel, Levchin, and Musk fund a machine built destroy their baby? Probably because, in Silicon Valley, PayPal is viewed as a lost cause. We've heard a lot of complaints about how awful and hard it is to implement. " Stripe isn't the only well-funded startup going after what it views as a decrepit, disrupt-ble incumbent. Jack Dorsey's Square is too, and it's now worth billions of dollars. Another heavily funded startup, Braintree, owns the technology millions of people use to pay for things inside apps like Uber. Finally, some of eBay's bigger rivals such as Google, Amazon, and Microsoft are gunning for PayPal too.
Gonzalo San Gil, PhD.

MPAA Complained So We Seized Your Funds, PayPal Says | TorrentFreak - 1 views

    • Gonzalo San Gil, PhD.
       
      # ! ... and what happens with the hundreds of -non-IP-Infringement-related projects...?
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    [ Andy on May 17, 2015 C: 0 Breaking Developers considering adding a torrent search engine to their portfolio should proceed with caution, especially if they value their income streams. Following a complaint from the MPAA one developer is now facing a six month wait for PayPal to unfreeze thousands in funds, the vast majority related to other projects. ...]
Paul Merrell

Libra Is Dead: eBay, Stripe, Visa And MasterCard All Abandon Facebook's Cryptocurrency ... - 0 views

  • One week after we reported that Facebook's Libra stablecoin project, Libra, was imploding, as online payment giant PayPal quite the Libra network, we can now set the time of death to today - that's when first eBay, then Stripe and finally Mastercard all abandoned Mark Zuckerberg's pet "cryptocurrency" (which was anything but) project. As the FT reports, Ebay and Stripe became the second and third major companies in a week to drop out of Facebook’s planned cryptocurrency, following sustained political pressure and just days before the project’s backers are due to meet for their first board meeting, which may soon be empty.
Paul Merrell

Hackers Prove Fingerprints Are Not Secure, Now What? | nsnbc international - 0 views

  • The Office of Personnel Management (OPM) recently revealed that an estimated 5.6 million government employees were affected by the hack; and not 1.1 million as previously assumed.
  • Samuel Schumach, spokesman for the OPM, said: “As part of the government’s ongoing work to notify individuals affected by the theft of background investigation records, the Office of Personnel Management and the Department of Defense have been analyzing impacted data to verify its quality and completeness. Of the 21.5 million individuals whose Social Security Numbers and other sensitive information were impacted by the breach, the subset of individuals whose fingerprints have been stolen has increased from a total of approximately 1.1 million to approximately 5.6 million.” This endeavor expended the use of the Department of Defense (DoD), the Department of Homeland Security (DHS), the National Security Agency (NSA), and the Pentagon. Schumer added that “if, in the future, new means are developed to misuse the fingerprint data, the government will provide additional information to individuals whose fingerprints may have been stolen in this breach.” However, we do not need to wait for the future for fingerprint data to be misused and coveted by hackers.
  • Look no further than the security flaws in Samsung’s new Galaxy 5 smartphone as was demonstrated by researchers at Security Research Labs (SRL) showing how fingerprints, iris scans and other biometric identifiers could be fabricated and yet authenticated by the Apple Touch ID fingerprints scanner. The shocking part of this demonstration is that this hack was achieved less than 2 days after the technology was released to the public by Apple. Ben Schlabs, researcher for SRL explained: “We expected we’d be able to spoof the S5’s Finger Scanner, but I hoped it would at least be a challenge. The S5 Finger Scanner feature offers nothing new except—because of the way it is implemented in this Android device—slightly higher risk than that already posed by previous devices.” Schlabs and other researchers discovered that “the S5 has no mechanism requiring a password when encountering a large number of incorrect finger swipes.” By rebotting the smartphone, Schlabs could force “the handset to accept an unlimited number of incorrect swipes without requiring users to enter a password [and] the S5 fingerprint authenticator [could] be associated with sensitive banking or payment apps such as PayPal.”
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  • Schlab said: “Perhaps most concerning is that Samsung does not seem to have learned from what others have done less poorly. Not only is it possible to spoof the fingerprint authentication even after the device has been turned off, but the implementation also allows for seemingly unlimited authentication attempts without ever requiring a password. Incorporation of fingerprint authentication into highly sensitive apps such as PayPal gives a would-be attacker an even greater incentive to learn the simple skill of fingerprint spoofing.” Last year Hackers from the Chaos Computer Club (CCC) proved Apple wrong when the corporation insisted that their new iPhone 5S fingerprint sensor is “a convenient and highly secure way to access your phone.” CCC stated that it is as easy as stealing a fingerprint from a drinking glass – and anyone can do it.
Gonzalo San Gil, PhD.

Support the Free Software Foundation | Free Software Foundation - 0 views

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    "Your contribution to the Free Software Foundation will help us build on 30 years of victories for free software. We believe that free software can be everywhere, and that proprietary software can go the way of the dinosaur. With the experience we've gained, and our community surrounding us, we can win this. Another way to support the FSF is by joining as an Associate Member. You can also renew your existing or expired membership. You can use the form below to make a general donation with a check, credit card, debit card, or PayPal account."
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