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Security

MIT Reveals "Hack-Proof" RFID Chip (thestack.com) 53

JustAnotherOldGuy writes: A group of researchers at MIT and Texas Instruments claim that they have developed a new radio frequency identification chip that may be impossible to hack. Traditional RFID chips are vulnerable to side-channel attacks, whereby a hacker can extract a cryptographic key from the chip. The new RFID chip runs a random-number generator that creates a new secret key after each transaction. The key can then be verified with a server to ensure that it is correct. The group at MIT also incorporated protection against a power-glitch attack, an attack that would normally leave a chip vulnerable to an interruption of the power source that would in turn halt the creation of a new secret key. Texas Instruments CTO Ahmad Bahai stated, "We believe this research is an important step toward the goal of a robust, lo-cost, low-power authentication protocol for the industrial internet." The question is, how long will it be before this "hack proof" chip is hacked?
Bug

Security-Focused BlackPhone Was Vulnerable To Simple Text Message Bug 46

mask.of.sanity sends this report from El Reg: The maker of BlackPhone – a mobile marketed as offering unusually high levels of security – has patched a critical vulnerability that allows hackers to run malicious code on the handsets. Attackers need little more than a phone number to send a message that can compromise the devices via the Silent Text application.

The impact of the flaw is troubling because BlackPhone attracts what hackers see as high-value victims: those willing to invest AU$765 (£415, $630) in a phone that claims to put security above form and features may well have valuable calls and texts to hide from eavesdroppers.
Earth

Climate Scientist Pioneer Talks About the Furture of Geoengineering 140

First time accepted submitter merbs writes At the first major climate engineering conference, Stanford climatologist Ken Caldeira explains how and why we might come to live on a geoengineered planet, how the field is rapidly growing (and why that's dangerous), and what the odds are that humans will try to hijack the Earth's thermostat. From the article: "For years, Dr. Ken Caldeira's interest in planet hacking made him a curious outlier in his field. A highly respected atmospheric scientist, he also describes himself as a 'reluctant advocate' of researching solar geoengineering—that is, large-scale efforts to artificially manage the amount of sunlight entering the atmosphere, in order to cool off the globe."
Businesses

Why Is Microsoft Setting More Money On Fire With Surface 2? 616

Nerval's Lobster writes "Never mind that sales of the original Surface totaled a pitiful $853 million in its first few months of release, or that the tablet failed to make Microsoft an up-and-coming player (or any kind of player, really) in the mobile-device wars: Microsoft's now rolling out Surface 2 and Surface Pro 2, which feature upgraded specs and accessories but no radical adjustments to the first generation. Why would Microsoft pour good money after bad? The answer could be outgoing Microsoft CEO Steve Ballmer, who late last year released a memo suggesting that Microsoft was evolving into a 'devices and services' company. 'There will be times when we build specific devices for specific purposes, as we have chosen to do with Xbox and the recently announced Microsoft Surface,' he wrote. 'In all our work with partners and on our own devices, we will focus relentlessly on delivering delightful, seamless experiences across hardware, software and services.' That meant Surface (then on the cusp of release) was clearly a harbinger of the company's future direction — and canceling the project after the first generation would have been a stinging refutation of Ballmer's strategy. By spending the money and resources on a second device generation, Microsoft manages to save a little bit of face, albeit at considerable cost. But imagine the hilarity that'll ensue if this second generation goes down in a huge ball of flames like the first."
Businesses

SEC Calls For Review of Facebook IPO 267

beaverdownunder writes "After losing another 8.9% of its IPO value in its third day of trading, SEC Chairman Mary Schapiro has called for a review of the circumstances surrounding Facebook's IPO on the NASDAQ late last week. Unable to sell Facebook short, investors have instead taken to short-selling funds that owned pre-IPO shares as revelations come out that the underwriters involved revised their Facebook profit forecasts downward in the days before the offering without similarly revising the opening share price. Meanwhile, Thomson Reuters Starmine has come out with a post-party Facebook estimate of a meager 10.8 per cent annual growth rate, valuing the stock at a paltry $US9.59 a share, a 72 per cent discount on its IPO price, signaling that the battered stock may not have found the bottom yet."

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