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Israeli Web Security Company Warns of Increase in Destructive Emails

Israeli Web Security Company Warns of Increase in Destructive Emails | Internet and Cybercrime | Scoop.it
Hackers Using Boston Tragedy to Download Harmful Malware
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Newly Discovered Android Malware Was Downloaded Millions Of Times

Newly Discovered Android Malware Was Downloaded Millions Of Times | Internet and Cybercrime | Scoop.it
Security firm Lookout has detailed a clever new bit of Android Malware lurking in the Google Play store. The good news: unless you’re downloading questionable Russian clone apps, you’re probably not affected.
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Bitcoin Skepticism and Bitcoin Fever - Daily An...

Bitcoin Skepticism and Bitcoin Fever - Daily An... | Internet and Cybercrime | Scoop.it
Skepticism of Bitcoin usually begins, quite reasonably, by citing its lack of intrinsic value. In this regard, it compares unfavorably to gold, as discussed recently byPatrik Korda on Mises.org.
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How is Google’s new real-time search going to affect SEO?

How is Google’s new real-time search going to affect SEO? | Internet and Cybercrime | Scoop.it
Google has plans of making their search engine capable of tracking real-time information. Now you can see search results update in a moment's notice - from twitter or facebook or myspace, etc.
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European Lawmakers Upset ISPs, Game Makers -- InformationWeek

European Lawmakers Upset ISPs, Game Makers -- InformationWeek | Internet and Cybercrime | Scoop.it
Brussels proposes changes to copyright protection legislation, delays planned tax breaks for British game developers.
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Italy blocks 27 sites suspected of aiding file-sharing

Italy blocks 27 sites suspected of aiding file-sharing | Internet and Cybercrime | Scoop.it
Italian authorities have recently ordered that two dozen file-sharing websites be blocked in Italy, the largest such move since American authorities seized over 80 domain names in 2010.
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Kaspersky Labs Explains Red October: The Largest Cyber Espionage Case in History | citizentekk

Kaspersky Labs Explains Red October: The Largest Cyber Espionage Case in History | citizentekk | Internet and Cybercrime | Scoop.it
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Even If It Crashes, Bitcoin May Make A Dent In The Financial World - Business Insider

Even If It Crashes, Bitcoin May Make A Dent In The Financial World - Business Insider | Internet and Cybercrime | Scoop.it
Business Insider
Even If It Crashes, Bitcoin May Make A Dent In The Financial World
Business Insider
The most infamous place where Bitcoin is used is Silk Road, a marketplace hidden in an anonymised part of the web called Tor.
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Hacktivists as Gadflies

Hacktivists as Gadflies | Internet and Cybercrime | Scoop.it
For those whose real crime is outsmarting the authorities, severe punishment awaits.
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Adam Smith hates Bitcoin

Adam Smith hates Bitcoin | Internet and Cybercrime | Scoop.it

Paul Krugman blazes a high-tech path to the 18th century.

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luiy's curator insight, April 13, 2013 11:30 AM

There have been many good pieces written on the dubious economics of Bitcoin; I especially liked this one by Neil Irwin. One thing I haven’t seen emphasized, however, is the extent to which the whole concept of having to “mine” Bitcoins by expending real resources amounts to a drastic retrogression — a retrogression that Adam Smith would have scorned.

Smith actually wrote eloquently about the fundamental foolishness of relying on gold and silver currency, which — as he pointed out — serve only a symbolic function, yet absorbed real resources in their production, and why it would be smart to replace them with paper currency:

The gold and silver money which circulates in any country, and by means of which, the produce of its land and labour is annually circulated and distributed to the proper consumers, is, in the same manner as the ready money of the dealer, all dead stock. It is a very valuable part of the capital of the country, which produces nothing to the country. The judicious operations of banking, by substituting paper in the room of a great part of this gold and silver, enable the country to convert a great part of this dead stock into active and productive stock; into stock which produces something to the country. The gold and silver money which circulates in any country may very properly be compared to a highway, which, while it circulates and carries to market all the grass and corn of the country, produces itself not a single pile of either. The judicious operations of banking, by providing, if I may be allowed so violent a metaphor, a sort of waggon-way through the air, enable the country to convert, as it were, a great part of its highways into good pastures, and corn fields, and thereby to increase, very considerably, the annual produce of its land and labour.

And now here we are in a world of high information technology — and people think it’s smart, nay cutting-edge, to create a sort of virtual currency whose creation requires wasting real resources in a way Adam Smith considered foolish and outmoded in 1776.

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Cybercriminals Hack Into Factory | Fast Company | Business + Innovation

Cybercriminals Hack Into Factory | Fast Company | Business + Innovation | Internet and Cybercrime | Scoop.it
The Homeland Security Department disclosed a strange incident in which cybercriminals took over a New Jersey factory's building management software in...
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Think cyber crime laws are bad now? Wait till you see the latest proposals

Think cyber crime laws are bad now? Wait till you see the latest proposals | Internet and Cybercrime | Scoop.it
Congress is revising the Computer Fraud and Abuse Act -- in the worst way possible. It's time to fix the CFAA, the right way
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Anonymous: Internet Blackout on April 22nd because of CISPA – In Serbia News

Anonymous: Internet Blackout on April 22nd because of CISPA – In Serbia News | Internet and Cybercrime | Scoop.it
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Malwarebytes update disables thousands of machines, fix released

Malwarebytes update disables thousands of machines, fix released | Internet and Cybercrime | Scoop.it
A botched software update by Malwarebytes disabled thousands of systems around the globe this week, according to a blog post penned by CEO Marcin Kleczynski.
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Everything you need to know about the Bitcoin boom

Everything you need to know about the Bitcoin boom | Internet and Cybercrime | Scoop.it
Everything you need to know about the Bitcoin boom - Yahoo! News http://t.co/LqyJVVNDzx via @YahooNews
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LulzSec hacker gets a year behind bars for Sony data breach

LulzSec hacker gets a year behind bars for Sony data breach | Internet and Cybercrime | Scoop.it
Kretsinger was known online as "recursion" and was part of the LulzSec hacktivist protests against the arrest of Bradley Manning and Playstation hacker George Hotz, alias "geohot." (LulzSec hacker gets a year behind bars for Sony data breach
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Microsoft Discovers Trojan That Erases Evidence Of Its Existence - InformationWeek

Microsoft Discovers Trojan That Erases Evidence Of Its Existence - InformationWeek | Internet and Cybercrime | Scoop.it
This downloader is also the payload
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Confirmed: Hyperdeflation Is A Problem For Bitcoin

Confirmed: Hyperdeflation Is A Problem For Bitcoin | Internet and Cybercrime | Scoop.it
We previously speculated there was a major danger in surging Bitcoin prices: it would eventually harm the Bitcoin economy. That's because, when a currency goes up, people hoard said currency, and that creates deflation.
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El Congreso debatirá la restricción de mapas 'online' por seguridad del Estado

El Congreso debatirá la restricción de mapas 'online' por seguridad del Estado | Internet and Cybercrime | Scoop.it
El Congreso debatirá sobre los mapas en Internet El Grupo Popular explica que estas tecnologías, aunque son muy útiles, pueden utilizarse igualmente con fines no deseables.

Via Javier Pagès López
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It's Not Just The FBI Who Fight Cyber Criminals Anymore

It's Not Just The FBI Who Fight Cyber Criminals Anymore | Internet and Cybercrime | Scoop.it
WASHINGTON (AP) — If a purse with $900 is stolen, the victim probably would call the police. If a computer hacker steals $900 from that same person's bank account, what then?
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Brute Force Attacks and Their Consequences

Brute Force Attacks and Their Consequences | Internet and Cybercrime | Scoop.it
There is a lot of interesting discussion going on at the moment across the interwebs on the intention of the latest string of Brute Force attacks, much of which
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Protecting BitTorrent users from VPN disconnects

Protecting BitTorrent users from VPN disconnects | Internet and Cybercrime | Scoop.it

Many privacy concerned BitTorrent users are using VPN services to hide their IP-addresses from the rest of the Internet. This works well, until the VPN disconnects. Luckily there are some tips and tricks that can prevent one’s IP-address from being broadcasted over the Internet when this happens.

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Hacker demonstrates how to hijack an airplane using an Android app

Hacker demonstrates how to hijack an airplane using an Android app | Internet and Cybercrime | Scoop.it
A security consultant by the name of Hugo Teso claims he has created an Android app called PlaneSploit that would allow him to remotely attack and hijack commercial aircraft.
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Panic selling forces Bitcoin crash

Panic selling forces Bitcoin crash | Internet and Cybercrime | Scoop.it
Panic selling caused the value of the Bitcoin virtual currency to halve in less than six hours. (Panic selling forces Bitcoin crash: Panic selling caused the value of the Bitcoin virtual currency to halve in...
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