Computer Outage Wreaks Havoc at US Airports – Decentralized Systems Needed

Computer Outage Wreaks Havoc at US Airports – Decentralized Systems Needed

Over the past few months, computer systems have failed at airports and airline companies on several occasions. The latest incident, which saw the US Customs and Border Protection processing systems experience a 90-minute outage, was another clear example of why technological innovation is needed. So far, the disruption doesn’t seem to be of malicious intent, but it’s an option that can’t be ruled out either. Airports and airline companies are commonly used by everyday consumers, as they need to travel, attend business meetings, and whatnot. To make the entire flying experience more smooth,....


Related News

Computer Virus Wreaks Havoc in Italian Administrations, Ransom Paid in Bitcoin

The computer systems of tens of local administrations in Italy have fallen to a "ransomware" computer virus that encrypts stored files and requests payment in Bitcoin for the decryption keys. The ransom is 400 Euros, and it doubles after three days. Also read: Surge in Ransomware Likely Due to Bitcoin. Administration officers at Bussoleno, a small town in Northern Italy, could only recover important files by acquiring Bitcoin and paying the ransom. According to a story posted to Reddit, this is the first time a nation state is forced to acquire Bitcoin. That is not entirely true, since the....

Latest IRS ‘Software Blunder’ Proves Bitcoin’s Edge

February 4th, the IRS reported that its systems were experiencing a hardware failure that was halting tax-processing systems. Their systems are technologically obsolete since their centralized architecture offers inferior security and a single point of failure compared to Bitcoin’s decentralized nature. After experiencing some downtime, the IRS announced....

Italian man caught allegedly using airport computer systems for ETH mining

You can't just mine crypto for profit using other people's systems without them approving it. An Italian airport staffer allegedly took advantage of the computer systems at his place of work in order to mine Ethereum (ETH).Employed at an airport located in the Italian city of Lamezia Terme, the staffer allegedly put mining malware onto the airport's computer systems, said a news brief today from Italian media outlet Rai News. The employee is said to have set up multiple mining rigs on site, taking advantage of the airport's backend systems in the process. Authorities eventually caught the....

Bitcoin's Dollar Value Wreaks Havoc within Cloud Mining Industry

Bitcoin has seen a prolonged fall in its US Dollar price. This has had a large affect on many sectors of the digital currency community and ecosystem. The value of less valuable altcoins has seen a corresponding tumble in value. The day-traders and short-term speculators are bailing out of the market en masse. And the cloud mining companies, who have tried to get in on Bitcoin over the last 18 months with "Cloud Mining," are feeling the pressure. Plus, there are issues with paying off large loans for computer equipment, hosting services, rent and location leasing costs, all while keeping....

Cyber Criminals Attack Bank of China for Bitcoin Ransom

Cyber criminals attacking businesses for bitcoin has spread from the West to the Far East, as new attacks are being reported by some of the world's top Asian banks. The Bank of China and the Bank of East Asia have been attacked in recent days by hackers looking for Bitcoin ransom, according to Hong Kong's The Standard news feed. These hackers have damaged the bank's websites, and they are believed to not be domestic but foreign criminals. Cyber Criminals Say Attacks Will Continue. The attackers claim to want bitcoin as ransom, and will resume the digital damage unless they get what they....