Cyber Security

Markets

Why hackers use bitcoin and why it is so difficult to trace

Although it hasn’t found success as a mainstream, transactional currency, it is increasingly used in scams. Purporting to be former President Obama, Bill Gates and Kanye West, hackers steered Twitter followers to send $1,000 in bitcoin, promising $2,000 in return. They drew more than $100,000 before the scam was shut down.

Technology

T-Mobile kicks off new merger with robocall killer

Scam Shield is the first Un-Carrier initiative being taken by the company since merging with former competitor Sprint, whose retail stores will officially begin operating under the T-Mobile brand nationwide starting August 2. 

Technology

FBI, NY investigating Twitter hack

The FBI and the N.Y. Department of Financial Services have opened investigations into a widespread hack of popular Twitter accounts of public figures and companies.