[TL;DR] Tech news that you shouldn’t miss this 12/10
Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read“,
either literally “too long ; not read“
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.
Over $ 1 billion in cryptocurrency stolen in 2018. Last year, the total amount of stolen virtual currencies was just $ 266 million.
Why this is important: No less than $ 937 billion worth of cryptocurrency allegedly stolen in the first nine months of the current year in online attacks against virtual currency exchange platforms, according to a report by CipherTrace . This is already a level three and a half times higher than the total amount stolen last year. For now, the most important theft committed since the start of the year concerns the Japanese platform Coincheck with an estimated loot of $ 530 million in cryptocurrency.
Security breach: Google faced several investigations for hiding the incident. Europe has confirmed that several investigations will be launched, while a US senator calls on the Federal Trade Commission to look into the matter.
Why this is important: In its blog note announcing the incident and the shutdown of Google+, the Mountain View firm explains that it immediately plugged the flaw, and above all explains the reasons for its silence. The reasons given are the nature of the information disclosed (name, e-mail, profession, sex, age), the absence of inappropriate use of the data exposed and the fact that it was not possible to determine with precision which users inform. But according to information obtained by the Wall Street Journal, Google’s real motivations would have been a little less “professional”. An internal memo would reveal that the company actually feared attracting the attention of regulators and feared identical treatment to that of Facebook. And it holds. In March, Mark Zuckerberg was indeed caught in the Cambridge Analytica storm. However, Google’s explanations do not seem to have convinced everyone, starting with US senators and the European Union.
The N26 neobank in the sights of the German regulator. A German weekly claims to have successfully opened N26 accounts with false documents.
Why this is important: German economic weekly Wirtchaftswoche claims in its Friday edition that it succeeded in opening N26 accounts with false documents, which were therefore not authenticated by mobile banking. Asked by theAFP, the Bafin, the German banking regulator, declared to take these “information very seriously»While she specified in the newspaper Wirtschaftswoche judge the identification procedure of N26 “non-compliant with money laundering laws“.
Orange partners with Google for a new transatlantic submarine cable. Called “Dunant”, this 6,600 kilometer cable will link the United States to Europe and will be operational by the end of 2020.
Why this is important: The cable will leave from the state of Virginia, located on the east coast of the United States, to arrive on the French Atlantic coast. The French operator will be responsible for the construction and operation of the French station, and will provide land links in France. In return, Orange will have access to part of the data transport capacity of the new cable, sufficient to “transfer a 1 gigabyte video in 30 microseconds”.
Acorus Networks, 5 million euros to protect businesses against DDoS attacks. Elaia Partners, Partech and Kima Ventures are investing in the French start-up, which is developing a solution to prevent denial of service attacks.
Why this is important: Denial of service attacks – DDoS, Distributed Denial of Service attack – consist in over-requesting the resources (server capacities, bandwidth) of an infrastructure, and by way of a website, by sending it multiple requests in order to interfere with or even block its operation. According to a recent survey conducted by IDC Research in the United States on the subject, more than 50% of IT security decision-makers admitted that their company had been the victim of DDoS attacks ten times in the past year. Over 40% of these attacks lasted for more than 10 hours. Now that DDoS as a Service (DaaS) is available at low cost, launching a DDoS attack is becoming easier and easier, making businesses increasingly vulnerable to this risk.