Tag: Pandemic

Why Privacy Is the Main Issue in the Time of the COVID-19 Pandemic

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Before the COVID-19 pandemic, privacy was already at a premium. Now, we’re facing a further dive into the uncharted territory of pervasive privacy intrusions. Targeted advertising tools in your web browser already track your favorite websites, purchases and habits, and browser privacy is a foregone relic. That data is then centralized under the auspices of a big technology firm’s servers and sold to the highest bidder or leveraged to glean a competitive edge. Governments maintain wide-ranging surveillance on internet communications, and financial privacy is virtually nonexistent for any bank-related activities…

Ripple Partners Could Help Pandemic Supply Chain

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Yoshitaka Kitao, Chief Executive Officer (CEO) of Japanese financial giant SBI Holdings, has proposed Ripple partner with multinational companies in addition to financial institutions. His recommendation was partially influenced by Japan’s handling of the COVID-19 pandemic. Kitao, also a Ripple board member, talked to reporters gathered for an SBI conference call on April 28. The CEO said that his lawyers would attend Ripple’s next executive committee and asked them to promote new partnerships with multinational corporations like Big Shosha, a Japanese trading company.  “By adding multinational companies to the Ripple…

Europe’s Largest Private Hospital Hit By Crypto Ransomware Amid Pandemic

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Hackers infected the IT infrastructure of the largest private hospital in Europe with ransomware. Cybersecurity news outlet, KrebsonSecurity, reported on May 6 that hackers compromised the IT systems of Germany-based private hospital, Fresenius. An anonymous source reportedly informed the outlet that the hospital’s systems were infected by the ransomware known as Snake. The ransomware in question was discovered earlier this year, and is being actively used to target large businesses. Fresenius spokesperson, Matt Kuhn, reportedly confirmed to KrebsonSecurity that the hack took place: “I can confirm that Fresenius’ IT security…

Bitmain Recovers, Claims Profits Despite Pandemic and Power Struggle

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Chinese cryptocurrency hardware manufacturer Bitmain seems to be bouncing back after a streak of dismal reports. Earlier this week, a local industry blog revealed that the mining giant has accumulated over $300 million in revenue so far this year and is rewarding employees with massive bonuses on Labor Day. Bitmain has since confirmed that information to Cointelegraph but ignored additional questions. Therefore, how does a mining company go about scoring profits amid the pandemic and the Bitcoin halving frenzy, the latter of which is said to shake things up for…

Amid Pandemic Downturn, Crypto Lender Celsius Hits 50K in Bitcoin Deposits

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Cryptocurrency lending and borrowing platform Celsius Network has topped 50,000 Bitcoin (BTC) in deposits — worth over $380,000,000 — since its launch back in August 2018.  With over 100,000 active users of its app, the company’s growth is now on track to outperform 2019 by 60%.  Speaking to Cointelegraph on May 1, Celsius CEO Alex Mashinsky said he believes the growth in the network’s user base and deposits “reflects the increasing unease with the results of the 2008 and 2020 bailouts,” noting that: “Most of the benefits went to the…

CoinMarketCap Sees Fewer Chinese Users Amid Coronavirus Pandemic

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CoinMarketCap, which recently became a Binance company, released a report on Q1 crypto market performance, as seen from its perspective. One of the more interesting details is the significant decrease in users from China.  As revealed by the report, published on April 30, China fell from 13th to 24th position in the country rankings by page views. A less dramatic but sizable decrease was also seen from South Korean users, who fell by 3 positions to the 19th place. Furthermore, CoinMarketCap noted that the decrease largely occurred in the period…

Could IBM’s Blockchain Platform be the Solution to Disrupted Healthcare Supply Chains Caused by the Coronavirus Pandemic?

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  New York’s largest nonprofit healthcare group, Northwell Health recently joined IBM’s Rapid Supplier Connect Network, a blockchain project that aims to tackle the disrupted healthcare supply chains caused by the coronavirus pandemic.    Northwell Health comprises over 800 hospitals in New York and has had reportedly adequate supplies to protect COVID-19 patients and hospital staff during the steep inflation of coronavirus patients in the state. COVID-19 healthcare supplies including N95 respirator masks, ventilators, personal protective equipment (PPE) were all found to be low in stock in many countries around…

Statement in response to details about an NHSX contact tracing app to help deal with the COVID-19 pandemic

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The COVID-19 Global Pandemic Raises Serious Privacy Problems

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The headlines are scary. Millions of infections — over 170,000 deaths. Nothing will ever replace the lives lost or bring back pre-COVID-19 “normal” again. While our hearts and deepest sympathies go out to everyone whose life has changed due to this pandemic, there are long-term implications that, for those of us in the business of privacy, are just as scary as the pandemic itself. Apple and Google are collaborating on contact tracing solutions, and governments are tracking the movement and even biometrics of citizens through their personal devices. Once the…

Senate Passes New $484 Billion Pandemic Aid Package

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A month after the massive $2 trillion stimulus bill passed and the U.S. Senate has approved a supplemental $484 billion aid package to help small businesses and hospitals get through the tough times.  The package, which was the subject of frenetic negotiations over the past two weeks, allocates $380 billion towards small business loan programs, $75 billion to emergency funding for hospitals and $25 billion for disease testing. The legislation will be sent to the House later this week where it’s expected to receive bipartisan support. President Donald Trump has…