Category Archives: Tech News

Twitter Slams Controversial Cybersecurity Bill

Twitter has become the latest tech giant to come out against the controversial cybersecurity bill that’s expected to hit the floor of the US Senate this week.

The company, which has 316 million active users worldwide, tweeted its opposition to the Cybersecurity Information Sharing Act (CISA) from its official policy account early this morning, saying: “Security + privacy are both priorities for us and therefore we can’t support #CISA as written. We hope to see positive changes going forward.”

The bill would open us an information exchange between the public and the private sectors: government would give companies classified information about potential threats, but the bill also incentivizes companies to funnel information to local law enforcement and the Department of Homeland Security, which must share the information with the National Security Agency “in real time.” Privacy-focused organizations have accordingly been concerned.

As have many of the companies in charge of said user data. Twitter is joining a growing chorus of major technology companies that have recently come out strongly against the latest version of CISA, echoing concerns from security experts and privacy advocates that CISA would fail to prevent cyberattacks while dramatically expanding government surveillance and undermining user privacy.

Over the weekend Yelp, reddit, and Wikipedia weighed in against CISA. Last week, CCIA, an industry association representing tech giants Google, Facebook, Yahoo, Amazon, Sprint, and others, also issued a statement slamming the bill. Mozilla, imgur, WordPress, Craigslist, Namecheap, and hundreds of other companies have opposed CISA and similar information-sharing legislation in the past.

Last month, the Business Software Alliance, which represents Apple, Microsoft, and other major tech companies, clarified that it does not support any of the three information sharing bills before Congress: CISA, plus the Protecting Cyber Networks Act (PCNA) and the National Cybersecurity and Communications Integration Center (NCCIC) Act.

“Internet users are outraged that Congress is even considering legislation that undermines the basic security of the Internet by sweeping away privacy protections and letting companies off the hook when they improperly share or leak our personal information,” said Evan Greer, campaign director of Fight for the Future, which has been a vocal opponent of the bill. “Members of Congress should pay attention: nobody wants this bill. Not the public, not security experts, and not even the industry it’s supposed to protect. The safety of Internet users’ personal information is more fragile than ever, if Congress decides to make matters worse, everyone will know it was the result of ignorance and corruption”

Central Bankers Raise Bitcoin Policy Questions

Commonwealth central bank governors say they want to look more closely into the impact of digital currencies on monetary policy before adopting a stance toward the technology.

The comments came earlier this week during a meeting of about 30 central bank governors from the Commonwealth – an intergovernmental organization composed of 53 member-states. Held on 6th October and chaired by Bangladesh Central Bank governor Aitur Rahman, the event centered on bitcoin in the context of global remittances.

Commonwealth of Nations

Government ministers and other officials were also in attendance.

The topic of digital currencies and cross-border payments served as part of a broader conversation about the negative impact of regulation on remittances, particularly the closure of accounts for money-related businesses that banks deem too risky to work with.

Many startups working in the digital currency industry today, even in countries with more advanced understandings of the technology like Australia and the US, continue to struggle to gain access to even basic banking services.

The meeting was intended to look at “the potential of virtual currencies to decrease costs and improve the efficiency of transfers” and included a presentation by London School of Economics historian and CoinDesk contributor Garrick Hileman on the state of digital currencies.

While the potential for digital currencies to address remittance pain points was acknowledged by those in attendance, some governors at the meeting raised questions “about the implications for monetary policy and financial stability”, according to the Commonwealth Secretariat.

Jwala Rambarran, central bank governor for Trinidad and Tobago was quoted by the Commonwealth Secretariat as saying:

“The Commonwealth Secretariat has a key role to play in sharing knowledge and developing research on the potential and implications of this new technology. If we decide to regulate virtual currencies, we are unaware of the financial instability risks posed by this currency. This is an area we need to determine carefully.”

During the meeting, representatives also discussed best practices for describing the technology.

Hileman characterized the meeting as a positive one, telling CoinDesk:

“There was significant interest shown by many Commonwealth member countries in the potential of cryptocurrencies to have a positive impact on reducing costs and other inefficiencies in traditional remittance services.”

Line Adds End-To-End Encryption

Line App

Japan-based Line is finally bringing end-to-end encryption to its mobile messaging service, which is used by over 211 million people worldwide each month.

The company said today that a new security feature, dubbed ‘Letter Sealing’, will bring encryption to messages and features on the service, starting with one-on-one chats and the service’s location-sharing feature, on its mobile and desktop apps.

“This method of secure communication facilitates uncrackable encryption by scrambling the chat content with a key, which is stored only in user device instead of a centralized server. With the advanced security system, it is technically impossible for the chat content to be disclosed in the server or to a third party,” Line said in a statement.

The feature is only activated when all parties interacting have it present on their device. Initially, users must switch on encryption themselves — the setting is buried inside menus — which could impact the initial rollout. But Line plans to switch it on by default for all users soon, initially it is only default for those with one Android device registered to their account. There are plans to add encrypted sealing to Line for desktop and other operating systems over time, too.

Still, the move is a much needed one. A number of Line’s messaging rivals have already embraced end-to-end encryption, including WhatsApp, Apple’s iMessage, and Telegram. Line did add an encrypted chat option last year, but it requires users to open a different kind of chat window, which almost certainly means it is not widely used.

Line has previously denied claims that it shares user data with the government in Thailand, its second largest market with over 30 million users. Adding end-to-end encryption should help the company argue that keeps data locked up, secure, and out of the hands of third parties.

It’s worth adding that, while this news looks good on paper, members of the security community are yet to have a go at disproving the security.