Items tagged with SEC
The founder of McAfee Antivirus, John McAfee, was found dead this afternoon in a Barcelona prison. McAfee had been held in the Spanish jail since early October 2020 following an indictment filed by the U.S. Securities and Exchange Commission (SEC) for failing to file tax returns and tax evasion. McAfee, who was 75, had just learned that a Spanish court had approved his extradition to the United States to face the charges. In March 2021, the SEC charged McAfee and his partner, Jimmy Watson, Jr., with seven additional charges involving a cryptocurrency "pump and dump" scheme. The pair was accused of "promoting investments in initial coin offerings (ICOs) to his Twitter followers without disclosing...
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As we fast approach the warmer spring months, it appears as though hackers have gone crazy by infiltrating companies and organizations around the globe. From Microsoft Exchange Server vulnerabilities to Verkada camera hijacking, the security community is working overtime to fend off (and deal with the aftermath from) attacks. Today, we're learning of a cyberattack launched against Molson Coors Beverage Company. Yes, we're talking about that company responsible for getting you lit with brands like Coors Light, Fosters, Ice House, Keystone Light, and Miller Lite, among others. Molson Coors disclosed today that it was the victim of a "cybersecurity incident." As a result...
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John McAfee, the man behind McAfee Antivirus, has quite a long and storied history, from running for president to running from authorities. Now, McAfee is getting a few more items tacked on to his absurd life story: cryptocurrency fraud and money laundering. The Securities and Exchange Commission (SEC) charged John McAfee for “promoting investments in initial coin offerings (ICOs) to his Twitter followers without disclosing that he was paid to do so.” The allegations stem from McAfee, who seemingly “promoted multiple ICOs on Twitter, allegedly pretending to be impartial and independent even though he was paid more than $23 million in digital assets for the promotions.”...
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Yesterday, cryptocurrency exchange Coinbase filed with the Securities and Exchange Commission (SEC) to go public with class A common stock under the symbol COIN. In the filing, the Delaware-based company listed its risk factors, including the outing of Bitcoin creator Satoshi Nakamoto, the pseudonym used by the person or group of people who created Bitcoin. As the filing specifically states, “the identification of Satoshi Nakamoto, the pseudonymous person or persons who developed Bitcoin, or the transfer of Satoshi’s Bitcoins” could adversely affect Coinbase. Moreover, it would likely adversely affect the Bitcoin market as well by effectively “centralizing” the coin,...
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Under the cloud of madness that is Apple v. Epic Games, Unity Software is stepping up to go public sometime soon according to an SEC filing. The game engine and development software company is one of the largest out there with a self-reported 1.5 million active monthly creators and 3 billion Unity-based software downloads. Thanks to partnerships with a variety of companies, such as Google, it does not come as a huge surprise that Unity is going public. Also, according to calculations by Bloomberg, Unity is reporting 40 percent revenue growth this year. In its filing, Unity has a valuation in the initial public offering of $100 million and 1.5 million active monthly users. According...
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The Bitcoin boom has generally gone bust, and as a result, we just don't hear as much about cryptocurrency as a major market mover as we used to. The value of Bitcoin and other cryptocurrencies crashed last summer, leaving many investors hurting and lots of crypto mining rigs with expensive GPUs running idle and unused. The good news for gamers is that the crash of crypto meant graphics cards were finally available at reasonable prices. Further, a new report has been published today that throws more shade on the legitimacy of Bitcoin trading as a currency itself. The analysis was published by Bitwise this week and found that unregulated currency exchanges actually fake 95% of Bitcoin...
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Ethereum has taken a swift kick to the blockchain after the Securities and Exchange Commission (SEC) announced that it has "dozens" of investigations open in the cryptocurrency space associated with ICOs (Initial Coin Offerings). The announcement of the investigations was made by an agency official on March 15. The confirmation that the investigations have been opened comes after SEC Enforcement Division co-Director Stephanie Avakian announced in February that subpoenas had been sent to firms that were believed to have broken securities laws. SEC scrutiny of ICOs (initial coin offerings) has grown significantly since billions of dollars in digital assets were sold during 2017, many of which were...
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If we had a time machine, we go back to the early days of Bitcoin and invest heavily. On this day seven years ago, Bitcoin was worth around $0.24. That means a $100 investment would have gotten you around 417 Bitcoins worth nearly $7.1 million today. The numbers turn really obscene when you crunch the numbers for when Bitcoin was worth a fraction of a cent. But while hindsight is 20/20, Bitcoin continues to rise in value, drawing in investors from all corners. It's such a big deal that US Securities and Exchange (SEC) chairman Jay Clayton felt compelled to offer some words of warning. "A number of concerns have been raised regarding the cryptocurrency and ICO markets, including that, as they...
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Equifax may be now getting its public lashings for a cybersecurity breach that resulted in personal information of 143 million Americans being exposed to hackers, but it appears that the Securities and Exchange Commission (SEC) has a few skeletons in its closet as well. The regulatory agencies announced late last night that its EDGAR database was hacked last year. At the time, the SEC did not make any public disclosures regarding the hack, which took advantage of a vulnerability in the EDGAR test filing system. However, once it discovered the intrusion, it quickly patched it and went about its normal activities. However, in August 2017, the SEC noticed that the prior EDGAR infiltration might...
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With the boom of cryptocurrencies, many geeks have flocked to the virtual mining of Bitcoin and Ethereum. The boom in Ethereum mining recently was so massive that it was hard for gamers to find AMD Radeon graphics cards for gaming PCs because so many Ethereum speculators had gobbled up all the cards on the market. Even the co-founder of Ethereum, Charles Hoskinson, has said that cryptocurrency ICOs (initial coin offerings) are a "ticking time bomb." Part of the issue with these ICOs, which often drawn large sums of money very quickly, according to Hoskinson is that they are unregulated and sidestep safeguards required in traditional securities trading. Brad Garlinghouse, the CEO of money-transfer...
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Yet another agency is looking into a fatal crash involving a 2015 Tesla Model S. The latest to don its detective cap is the U.S. Securities and Exchange Commission (SEC), which is investigating whether Tesla ran afoul of securities regulations by not telling investors of the crash involving the company's self-driving car technology. The accident occurred in early May and took the life of Joshua Brown, the owner of the Model S that struck an 18-wheeler when the tractor trailer crossed in front of him on a divided highway. At the time of the accident, the vehicle's Autopilot mode was engaged. Unfortunately the sensors that detect the surroundings of the Model S failed to detect the 18-wheeler,...
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RadioShack is fast approaching a major hurdle in its long-running turnaround effort: it’s woefully short on cash. The company has been fighting declining sales with strategies that have left critics scratching their heads and was warned by the Securities and Exchange Commission (SEC) in July that its stock price was putting the company in danger of being delisted. In a public release today, RadioShack sounded the alarm: while it believes sales are trending up, it needs more cash for its long-term plans. RadioShack is working to turn itself around but needs cash. At least one analyst has predicted that bankruptcy is possibly in RadioShack’s near future. Pressured by the same...
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If you picture an HP executive as a straight-laced person in a conservative suit, it’s time to shake up that image, because three HP subsidiaries--in Russia, Poland, and Mexico--have spent years bribing government officials in those respective countries to snag lucrative contracts. "Hewlett-Packard subsidiaries created a slush fund for bribe payments...employed two sets of books to track bribe recipients, and used anonymous email accounts and prepaid mobile telephones to arrange covert meetings to hand over bags of cash," said Deputy Assistant Attorney General Bruce Swartz in a statement. Securities and Exchange Commission (Credit: Wikipedia/AgnosticPreachersKid In Russia, the HP subsidiary...
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It's been 10 years since Microsoft and Nvidia colaborated on a console development project, but a clause in the agreement between the two companies could still have ramifications for the GPU manufacturer. The company's recent FY 2011 report with the SEC states: On March 5, 2000, we entered into an agreement with Microsoft in which we agreed to develop and sell graphics chips and to license certain technology to Microsoft and its licensees for use in the Xbox. Under the agreement, if an individual or corporation makes an offer to purchase shares equal to or greater than 30% of the outstanding shares of our common stock, Microsoft may have first and last rights of refusal to purchase...
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The collapse of Wall Street a few years back and the so-called Great Recession that followed were, it's generally agreed, pretty bad things. As investment banks began to fail and the Dow fell, the Securities and Exchange Commission (SEC) found itself in the uncomfortable position of having to explain how this had happened on its watch. It seems logical to think the top brass at the federal watchdog would have spent their time furiously searching for an explanation as to what had happened, while simultaneously trying to explain how they missed it. As it turns out, that's not quite true. The SEC recently completed an investigation into the web surfing habits of its employees and discovered that...
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Malware writers sobbed Tuesday as Microsoft announced that it will cease sales of its security product, Windows Live OneCare, as of June 30th, 2009. Instead, Microsoft announced that it would begin shipping a free product, codenamed "Morro," in the second half of 2009. The new offering will be less of a resource hog, according to the press release, which would obviously enable Microsoft to protect PCs in developing nations more effectively. In other words, they want to make sure they have some sort of product covering all the security holes in their OSes. But seriously, let's face it, the product never really gained a large market share, as it was buggy and performed poorly in various antivirus...
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The enterprising lads over at iFixit sure like to take stuff apart. Then again, that's at the heart of their bread-and-butter--they take the risks with potentially broken parts and lost screws so that they can assemble comprehensive DIY guides for instructing you how you can repair your own Apple products, such as MacBooks and iPods. If you don't know how to take it apart, how are you going to know to put it back together?Their latest disassembly was of the new "unibody" MacBook Pro that was unveiled only two days ago. Here are some highlight of what they discovered during their dissection: The removable battery Bottom plate removed The system board Dissected!(Credit:...
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Traditional antivirus (AV) testing, such as that done by organizations such as AV-test.org and AV-comparatives.org, uses collections of malware to demonstrate the capabilities of security products. Secunia, on the other hand, focuses on exploits. For example, it has a scanner at its site that will search your system for unpatched vulnerabilities in products such as Microsoft Windows, Internet Explorer, or Firefox. As Secunia's focus is on exploits, you might expect them to try to put AV solutjions to the test with exploits, rather than just already published malware, and that's what they did. They did a study (.PDF) by taking the following security suites: McAfee Internet Security Suite 2009Norton...
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Data breaches are becoming increasingly common and more sophisticated, putting consumers' personal information and financials at risk. Not only can these data breaches lead to identity theft, but some can even lead to money being siphoned out of bank accounts and illegal purchases made on credit cards. The responsibility for preventing these breaches falls on many shoulders, including merchants, consumers, and even Internet service providers (ISPs). Once such ISP, Verizon, recently analyzed "four years of data from over 500 cases worked by the Verizon Business Investigative Response team," to produce a report that gives an in-depth look into how data breaches are occurring in four major industry...
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WD SHIPS SECOND-GENERATION GREEN HARD DRIVES WITH SIGNIFICANTLY IMPROVED POWER EFFICIENCY AND PERFORMANCE WD’s Best Selling Eco-friendly WD Caviar Green Drive Continues to be the Most Power-Efficient, Coolest and Quietest 3.5-inch Hard Drive in the Market LAKE FOREST, Calif. - Oct. 1, 2008 - WD (NYSE: WDC) today announced the second-generation of its highly popular and environmentally friendly WD Caviar Green desktop hard drives, which feature the company’s GreenPower technology to significantly reduce power consumption, compared with standard hard drives. The new platform is based on WD’s 333 GB/platter technology with 32 MB cache, producing capacities ranging from 500 GB to 1 TB....
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It's one thing to see, say, banking information to show up on a hard drive on eBay. But to see top secret information show up on a digital camera (likely on an SD card) sold on eBay, that's a whole 'nother ball of wax.According to The Sun, an unsuspecting 28-year-old Brit spent a pretty reasonable $31 for a Nikon Coolpix camera, and got waaaaaay more than he bargained for. Not only did he get some top secret info, after he reported it to the police, he got a visit from Special Branch.Among the items on the camera --- which he noticed after he downloaded the pictures from a vacation --- were a document marked "top secret" detailing a computer system used by MI6, pictures of rockets...
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The security vulnerabilities already discovered in Chrome appear to have been patched by Google. Of course, Google (much like Apple) hasn't provided any release notes, so discovering what's been fixed isn't that easy. Google said, in a group post: We're planning to do release notes. 149.29 is a security update and we released it as fast as we could. We would've liked more time to prepare things, but some of the vulnerabilities were made public without giving us a chance to respond, update, and protect our users first. Thanks for being patient as we work out the kinks in all of our processes, Mark Larson Program Manager for Google Chrome It seems that the "carpet bombing" flaw created by using...
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