Google bans cryptocurrency mining extensions in the Chrome Web Store

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In an effort to prevent malicious sites from using your computer’s processing power to mine cryptocurrency without your knowledge, Google is blocking all extensions that include mining scripts in the Chrome Web Store. The danger with such scripts is that they can hog your system resources, and cause your computer to slow down and overheat. Plus, they’re easy to bake into browser extensions that may be designed and described as something innocuous and useful to you, like automatically muting tabs with sound. Google says it previously allowed extensions that mined currency, as long as they were designed specifically for the…

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Google blocks crypto mining extensions from Chrome Web Store

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The Chrome Web Store is a hotbed of sketchy browser extensions, with seemingly little intervention from Google (except for the occasional crack-down). The company already takes down extensions that secretly mine cryptocurrency, but now it is going a step further. Starting today, all extensions that mine cryptocurrency will be barred from the Chrome Web Store.

The new ban even includes extensions where crypto mining is the primary feature. Existing mining extensions will be removed in late June, but the rule does not affect other blockchain-related tools.

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Mining industry must strengthen IoT security, warns report

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Inmarsat digs into prospect of Internet of Mining Things

Inmarsat report finds that mining companies are struggling to secure IoT deployments.

Almost all mining companies are worried that their cybersecurity needs urgent improvement as the industry looks to implement IoT projects, according to a new report.

As part of satellite communications firm Inmarsat’s The Future of IoT in Enterprise report, market research specialist Vanson Bourne interviewed respondents from 100 large mining companies across the world.

The survey found that 94 percent of these operations admitted that their approach to cybersecurity could be significantly improved, while 67 percent said that their data security measures would need a “complete overhaul” to be fit for IoT deployments.

A lack of relevant skills has emerged as a key area of concern, with 64 percent of respondents saying that they needed additional cybersecurity skills in order to safely deploy IoT technologies.

However, despite recognising the increased security risks associated with the IoT, just 44 percent are investing in new security technologies. Only 17 per cent reported that they are taking steps to plug the security skills gap by hiring new staff.

But why are these issues of critical importance to the mining sector?

Increased cybersecurity risks

Joe Carr, director of Mining at Inmarsat Enterprise, said that mining companies stand to make considerable gains by exploiting digital technologies and applications, such as the IoT, but as the industry becomes more digital-oriented, the risks for these businesses increase.

“A more connected mine is a more vulnerable one, and as the IoT connects ever more parts of a mining company’s operations to the internet, it opens up new avenues for attack, whether that’s from environmentalist groups seeking to disrupt operations, or from state-sponsored actors conducting cyber espionage,” he said.

Carr added that the sector’s increased dependency on data for its operations and profitability means that the risks of not having adequate security in place grow exponentially.

“Whereas a decade ago a data breach or intrusion would have been an inconvenience, today a mine might grind to a complete halt, so it is worrying that so many mining companies are struggling in this area,” he said.

He added that for businesses to thrive in this climate, IoT and digital security needs to be at the top of the agenda, and it is essential for boards to increase their understanding of the risks.

“This involves ensuring that the fundamental network infrastructure underpinning device connectivity aligns with the highest security and reliability standards, and that the endpoints are configured correctly,” he added.

This echoes a similar 2017 report by EY, which found that 55 percent of mining operators had experienced a significant cybersecurity incident.

That report also found that 97 percent of organisations admitted that their current cybersecurity function did not fully meet their organisation’s needs. Despite all this, only 53 percent of respondents had increased investment in cybersecurity.

Internet of Business says

A raft of recent reports have identified IoT security as a blind spot for many organisations. And as IoT systems are layered on top of legacy networks and critical systems, this introduces a much broader attack surface, where responsibility for security becomes less and less clear.

This is why organisations need to take responsibility themselves, stress test systems, and consider in advance the possible impacts of a cyber attack.

However, several Internet of Business reports reveal that many organisations simply aren’t taking responsibility, and are doing little to secure the IoT, despite strong awareness of the risks.

To plug this gap ourselves, we have recently published a number of reports that suggest some solutions to this fast-growing problem:-

Read more: IoT Security: How to fight attacks on health, energy, and transport

Read more: Gartner: IoT security spend hitting $ 1.5 billion – but strategy poor

Read more: Reports reveal critical need for IoT cybersecurity upgrade

5G networks will also demand an entirely new approach to security, warned a panel of experts in another recent report:

Read more: How to secure 5G to prevent IoT disasters: expert panel

The post Mining industry must strengthen IoT security, warns report appeared first on Internet of Business.

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Tim Cook calls for ‘well-crafted regulation’ in light of Facebook data mining controversy

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At the China Development Forum today, Tim Cook was asked about the leak of Facebook user data that saw Cambridge Analytica amass information on 50 million users. As reported by Bloomberg, Cook stated that the Facebook controversy is another sign that “well-crafted” regulations are necessary to protect user data…

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A New York town just placed a moratorium on crypto mining

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As cryptocurrency becomes a more important force in the world market, more companies are cropping up to mine it. And that, in turn, is becoming a problem for places where these miners are setting up. The town of Plattsburgh, New York, has become the…
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Apple Killed This Calendar App’s Cryptocurrency Mining Feature

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Apple has reportedly pulled a calendar app from the Mac App Store because its recently introduced crypto-mining feature used too many resources. The app, Calendar 2, had implemented a feature that mined a cryptocurrency called Monero in the background. The feature allowed users to “pay” for full access to the app by leveraging their device’s […]
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Mac App Offering Option To Unlock Full Version By Mining Cryptocurrency Taken Down by Apple

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A Mac App Store app called Calendar 2 was allowing users to mine cryptocurrency on their Macs in exchange for unlocking the full version of the app. The option was listed under the ‘Upgrade’ section of the app and was offered as an in-app upgrade option. This led to speculation that Apple was allowing apps to offer crypto-mining options. Continue reading
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Calendar 2 made $2K in 3 days mining cryptocurrency, but Apple says it violated Mac App Store guidelines

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Yesterday, we reported on a macOS app called Calendar 2 that seemingly added cryptocurrency mining as an alternative to paying for premium features. At the time, the app’s developers, Qbix, had made the decision to remove the feature from the app.

The company now tells us, however, that Apple ended up pulling the app from the Mac App Store for violating its guidelines…

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‘Calendar 2’ returns to Mac App Store after Apple takedown, developer to put cryptocurrency mining proceeds toward improved features

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Popular scheduling app "Calendar 2" returned to the Mac App Store on Tuesday after an earlier version of the software sparked concern over an integrated cryptocurrency miner, with developer Qbix confirming Apple pulled the software citing excessive resource utilization.
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Falcon Heavy Could Make Asteroid Mining a Reality

Space Miners

SpaceX’s Falcon Heavy could facilitate a 21st century Gold Rush of sorts, only instead of heading west, these miners would search for valuable minerals and chemicals in space.

Asteroid Mining: Everything You Need to Know About Off World Resources
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Our solar system is filled with millions of asteroids, rocky worlds ranging in size from just a few feet across to hundreds of miles in diameter. For more than a century, humans have considered the possibility of mining asteroids, but the logistics have proven prohibitive.

The first step — landing on an asteroid — requires a craft that is powerful enough to switch between low-Earth orbit and orbit around the asteroid. According to Martin Elvis, an astronomer from the Harvard-Smithsonian Center for Astrophysics, Falcon Heavy could be that craft.

He told an audience at the American Association for the Advancement of Science (AAAS) annual meeting in Austin, Texas, that he believes Falcon Heavy has the potential to make asteroid mining a reality by increasing the number of asteroids we could potentially land on by a factor of 15. “Instead of a few hundred, we may have thousands of ore-bearing asteroids available,” said Elvis, according to Gizmodo.

Big Bucks

The potential value of the minerals in these asteroids is staggering.

The iron found in the asteroid 16 Psyche alone is worth an estimated $ 10 quintillion, and according to NASA, if we could extract all of the minerals in the asteroids between the orbits of Mars and Jupiter, the total value would be enough to give every person on Earth about $ 100 billion.

Asteroid mining has the potential to not only make millionaires or even billionaires out of successful miners, it could also facilitate humanity’s colonization of the cosmos.

Some asteroids contain iron, cobalt, titanium, and other materials we could use to construct objects, such as space stations, while in space. Others boast oxygen and water, which astronauts need to survive, while still others contain hydrogen and ammonia, which we could turn into rocket fuel to power our spacecraft.

If Elvis is right and Falcon Heavy can help us tap into these off-world resources, SpaceX’s $ 90 million per launch cost will seem like peanuts to the modern miners with their eyes on asteroids.

The post Falcon Heavy Could Make Asteroid Mining a Reality appeared first on Futurism.

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