Topic: [ANN][TWINS][MN/POS] Birth Notice - page 26. (Read 31619 times)
FIX Network — Delivering Your Secure and Safe Digital Future
The problem in a nutshell
We are rapidly evolving into a digital and decentralized society, where more and more of our daily transactions will take place on our mobile devices. In order to achieve the mass adoption of these transformative services, users must be confident, comfortable and feel safe to entrust their digital lives to new decentralized applications, and yet still retain full control over their assets and data.
However, there is currently a huge gap between the requirements of a truly digital world, and the security and safety levels offered by solutions available today.
How will this affect us all?
It is clear that the use of digital assets and identities will soon be considered as a standard, fundamental and essential part of our every-day activities. Importantly, our mobile devices will play a central role in supporting this transformation, and we will all need to take more responsibility for managing, securing, controlling our digital assets and identities on these devices.
Let’s take a more detailed look at digital assets and identities.
What is a digital asset? The definition of a digital asset is constantly changing as digital formats evolve and new ideas of our digital future emerge. However, it is fair to state that these assets will not only consist of financial instruments such cryptocurrencies or bank accounts, but will also include records such as the deed to a house, insurance policies, medical history, utility bills, personal data, cloud storage and social media accounts.
However, the digital identity may be considered to be even more important and sensitive than the digital asset. A digital identity is used to authenticate users in the online world, validating transactions from PCs, mobile phones and personal devices. As we expand the use of online services, the consequences of identity theft will become increasingly catastrophic, both in financial and personal terms.
Clearly, in order to absolutely trust the use of digital assets and identities, two critical criteria must be satisfied: security and safety.
By “security”, we mean that a digital asset or identity is not at risk, cannot be stolen or replicated, and that transactions cannot be compromised. The “safety” of a digital asset refers to the ability to recover that asset if the digital media on which it is stored is lost or damaged. For example, if private keys that are used to access a digital wallet are stored on a mobile phone and that device is lost, then there must be a method for recovering those keys.
Another important factor to be considered in our transformation to a digital world is usability. Access to the myriad of new applications and services must be made simple, intuitive and user-friendly so as to encourage the universal acceptance and adoption of these advancements.
FIX Network will address all of these factors — security, safety and usability — and provide innovative system architectures, products and services to drive the ubiquitous and practical use of digital assets and identities.
FIX Network — a short introduction
FIX Network is a joint venture consisting of five international companies that are innovation leaders within their respective industries of cybersecurity, telecommunications, mobile app development and business management. This team is uniquely positioned to design, deliver and implement solutions for securing our digital assets and identities.
More about the problem — we are already at risk
The security and safety of all our digital assets and identities is not only an issue that we will have to face in the future. In fact, we are all currently at great risk.
Let’s take a look at a real and dangerous threat that we face today — the vulnerability of our most important digital identifier — our phone number.
Apart from being a unique identifier for contacting each other via voice and video and for sending text messages — which in itself demands a high level of security — the phone number is becoming increasingly essential for providing authentication. Specifically, more and more companies and services have come to depend on smartphones as a secure device on which they may validate their users through procedures such as two-factor authentication, where verification codes are received through SMS texts. Anyone who controls the phone number may then be an authenticator, and by diverting incoming messages, scammers are easily able to complete the verification checks that protect our most sensitive accounts.
Because the personal phone number is such a valuable identifier, the “hijacking” of these numbers has become widespread, resulting in significant financial loss and personal damage to the victims. To carry out such an attack, the hacker convinces a carrier to switch a subscriber’s phone number over to a SIM card owned by the fraudster, or to issue a new SIM card with the same number to the fraudster. As a result of the SIM swap, the real customer’s mobile phone is disconnected from the mobile network, and that subscriber does not receive any services, including the all-important two-factor authentication SMS alerts. Instead, all traffic to and from the victim’s phone number is controlled by the attacker, and they have full access to calls, social media apps and, of course, security information such as one-time passwords received by SMS.
How is it possible that this critical digital identifier can fall into the wrong hands? The answer is simple. Phone numbers were never intended to be a way of confirming someone’s identity, and phone companies never had the mandate for securing their subscriber’s identities. Given the importance of this identifier, it is clear that the phone number should not belong to a mobile operator; instead it should be owned by the subscriber who will decide when, how and by whom that number may be used. If this were the case, then there would be no possibility of that number being re-allocated to anyone else without the express digital permission of the owner.
The future of digital assets and identities — ownership, control and cryptography
Expanding on the example of the phone number, in the future we will demand full ownership and custody of all of our digital assets and identities. It will then be up to each user to fully control all transactions, and decide how their personal data is to be used, accessed, shared, tracked and traded.
Given the fact that applications such as software wallets on our mobile devices will be central to managing our digital assets and identities and for executing transactions, the question arises: how will we secure these assets and identities?
Cryptography and the use of public and private keys will play a central role in providing security. For these encryption procedures to be successful, it is critical that the private keys must be kept secret, ensuring only the owners of those keys can decrypt content and create digital signatures.
In summary, the safety and security of private keys on mobile devices is an imperative for the advancement of these new digital services. The exposure of a private key, or the malfunction of a device may result in the complete loss of assets.
FIX Network will provide systems, solutions and applications to overcome these complex challenges, offering users full peace-of-mind in the new digital world.
The FIX Network solution — innovation at work
Because the mobile device is central and essential to our digital lives and will become even more so in the future, the FIX network architecture concerns itself with the two major elements involved in mobile connectivity — the mobile device itself, and the mobile operator that delivers services to these devices.
Regarding the mobile device, the foremost challenge is to ensure the security and safety of private keys that will be used by the applications running on these devices. A major innovation by FIX Network is to store these keys on the subscriber’s SIM cards using cryptographic-enabled applets on those SIM cards. This will enable secure access to our digital lives wherever we go, with cryptographic operations being executed by the SIM card itself, never exposing the private keys to the mobile device or a public network. In addition, to increase security, private keys may be segmented and distributed over multiple SIM-enabled devices, with each device storing only a portion of the shared key. This segmented/distributed architecture also facilitates the recovery of security keys if a device is misplaced or damaged.
An integral component of the FIX Network solution are “policies”, which are critical for managing the storage, use and recovery of digital assets and identities. These policies define the rules for governing our digital lives, and are configured by the end-user to suit their specific needs and requirements.
Mobile operators will play a central role in the FIX Network solution and the support of this policy architecture. Policies will be stored and secured by the state-of-the-art FIX Network distributed and decentralized blockchain infrastructure, and access to these policies from mobile devices will be via the existing cellular infrastructure in partnership with global mobile operators.
Policies — the rules for governing our digital futures
Policies are highly flexible and adaptable rules that allow users to define the usage characteristics of their digital assets and identities, such as how those assets are to be stored, used, accessed, transacted and recovered. These policies must be adhered to in order to authorize or accomplish a digital transaction. Policy rules will be configured by easy-to-use and intuitive self-service applications provided by FIX Networks and third parties.
Multiple policies may be defined for each user, with each policy being automatically implemented by the FIX Network platform depending on the specific transaction, application or activity being executed on the mobile device.
An important and powerful concept when defining policies is that of a “pool of SIM cards”. These SIM card pools promote and facilitate the innovative idea of multi-factor/multi-device authorization for transactions, which is a strategy that allows users to validate transactions by owning multiple devices, or including selected devices in their “trusted circle”, and involving these devices when authorizing transactions. Devices included in these policy pools may be any SIM-enabled consumer and/or IoT (Internet of Things) device.
Let’s take a look at some typical policies.
One of the most common and generic mobile applications will be the digital wallet, which will be used for storing cryptocurrencies and facilitating electronic transactions. User-defined transaction policies will provide a significant added level of security and flexibility to digital wallet technology. These policies may include parameters such as how many and which devices are needed for authorization, as well as listing the requirements that each device must meet to achieve authorization, such as the entry of a one-time password (OTP), or the physical location of the device.
For example, a simple policy applicable to a wallet may stipulate that outgoing currency transfers under the value of $100 may be authorized by the entry of a PIN on the owner’s mobile device. For transfers between the value of $100 and $1000, PIN authorizations are required on two devices, including both the owner’s and his wife’s mobile phones. Transfers of larger amounts require a third authorizing participant, that being a SIM-enabled device kept in a safe, where the entry of a one-time password is needed. In addition, the policy may include geo-fencing stipulations, demanding that this third device must be in a specific physical location for the authorization to be valid.
Another policy example is one defining the segmentation and recovery of private keys. This policy may stipulate that these private keys are to be segmented and distributed over five SIM-enabled devices in the user’s specified “trusted circle”, providing a significant measure of added security. In addition, the policy may include a key recovery provision, whereby three out of the five participants are required to complete 2FA (two- factor authentication) authorizations on their mobile devices in order to reconstruct and recover lost private keys.
FIX Network policies will also provide end-users with full, self-service control over their mobile connections, allowing those subscribers to create firewalls, define operational policies, as well as monitor and control the usage of resources and bandwidth. This means that, for example, parents will be able to ensure that their children do not have access to mobile connectivity between certain hours of the day.
The FIX Network solution — a global initiative, driven by the community
The problems to be overcome in our migration to a digital society are gigantic, and a global initiative is required in order to provide suitable and relevant solutions, products and services to achieve this transformation.
FIX Network is just that — an international, and community-based initiative, benefiting from and enjoying the invaluable contributions and encouragement from hundreds of experts, enthusiasts and supporters from all corners of the globe who share our vision. This superb pool of talent and knowledge will play a huge and indispensable role in driving the development, delivery and implementation of the FIX Network solutions.
To encourage community and industry participation, third-party integration and solution standardization, all of the apps provided by FIX Network will be open-source and include APIs (Application Program Interfaces) and SDKs (Software Development Kits). In addition, our security policy components will be released as open-source for rapid deployment by mobile operators worldwide.
Changing the world with the FIX Network vision
Our journey towards becoming a digital society is inexorable and accelerating, and there will be many challenges and risks along this road.
FIX Network has identified one of those major challenges — that of the security and safety of our digital assets and identities — and has chosen to develop and implement solutions to solve this critical issue.
We believe that we have designed the right architecture that will allow users to entrust their digital lives to the new and rapidly growing world of decentralized applications. In the near future, FIX Network will deliver innovative and comprehensive solutions that will help enable this transformation, and make the world a better and safer place.
We invite you to join us and support our vision. https://fix.network/
https://medium.com/new-capital/fix-network-delivering-your-secure-and-safe-digital-future-99915e82e57a
The problem in a nutshell
We are rapidly evolving into a digital and decentralized society, where more and more of our daily transactions will take place on our mobile devices. In order to achieve the mass adoption of these transformative services, users must be confident, comfortable and feel safe to entrust their digital lives to new decentralized applications, and yet still retain full control over their assets and data.
However, there is currently a huge gap between the requirements of a truly digital world, and the security and safety levels offered by solutions available today.
How will this affect us all?
It is clear that the use of digital assets and identities will soon be considered as a standard, fundamental and essential part of our every-day activities. Importantly, our mobile devices will play a central role in supporting this transformation, and we will all need to take more responsibility for managing, securing, controlling our digital assets and identities on these devices.
Let’s take a more detailed look at digital assets and identities.
What is a digital asset? The definition of a digital asset is constantly changing as digital formats evolve and new ideas of our digital future emerge. However, it is fair to state that these assets will not only consist of financial instruments such cryptocurrencies or bank accounts, but will also include records such as the deed to a house, insurance policies, medical history, utility bills, personal data, cloud storage and social media accounts.
However, the digital identity may be considered to be even more important and sensitive than the digital asset. A digital identity is used to authenticate users in the online world, validating transactions from PCs, mobile phones and personal devices. As we expand the use of online services, the consequences of identity theft will become increasingly catastrophic, both in financial and personal terms.
Clearly, in order to absolutely trust the use of digital assets and identities, two critical criteria must be satisfied: security and safety.
By “security”, we mean that a digital asset or identity is not at risk, cannot be stolen or replicated, and that transactions cannot be compromised. The “safety” of a digital asset refers to the ability to recover that asset if the digital media on which it is stored is lost or damaged. For example, if private keys that are used to access a digital wallet are stored on a mobile phone and that device is lost, then there must be a method for recovering those keys.
Another important factor to be considered in our transformation to a digital world is usability. Access to the myriad of new applications and services must be made simple, intuitive and user-friendly so as to encourage the universal acceptance and adoption of these advancements.
FIX Network will address all of these factors — security, safety and usability — and provide innovative system architectures, products and services to drive the ubiquitous and practical use of digital assets and identities.
FIX Network — a short introduction
FIX Network is a joint venture consisting of five international companies that are innovation leaders within their respective industries of cybersecurity, telecommunications, mobile app development and business management. This team is uniquely positioned to design, deliver and implement solutions for securing our digital assets and identities.
More about the problem — we are already at risk
The security and safety of all our digital assets and identities is not only an issue that we will have to face in the future. In fact, we are all currently at great risk.
Let’s take a look at a real and dangerous threat that we face today — the vulnerability of our most important digital identifier — our phone number.
Apart from being a unique identifier for contacting each other via voice and video and for sending text messages — which in itself demands a high level of security — the phone number is becoming increasingly essential for providing authentication. Specifically, more and more companies and services have come to depend on smartphones as a secure device on which they may validate their users through procedures such as two-factor authentication, where verification codes are received through SMS texts. Anyone who controls the phone number may then be an authenticator, and by diverting incoming messages, scammers are easily able to complete the verification checks that protect our most sensitive accounts.
Because the personal phone number is such a valuable identifier, the “hijacking” of these numbers has become widespread, resulting in significant financial loss and personal damage to the victims. To carry out such an attack, the hacker convinces a carrier to switch a subscriber’s phone number over to a SIM card owned by the fraudster, or to issue a new SIM card with the same number to the fraudster. As a result of the SIM swap, the real customer’s mobile phone is disconnected from the mobile network, and that subscriber does not receive any services, including the all-important two-factor authentication SMS alerts. Instead, all traffic to and from the victim’s phone number is controlled by the attacker, and they have full access to calls, social media apps and, of course, security information such as one-time passwords received by SMS.
How is it possible that this critical digital identifier can fall into the wrong hands? The answer is simple. Phone numbers were never intended to be a way of confirming someone’s identity, and phone companies never had the mandate for securing their subscriber’s identities. Given the importance of this identifier, it is clear that the phone number should not belong to a mobile operator; instead it should be owned by the subscriber who will decide when, how and by whom that number may be used. If this were the case, then there would be no possibility of that number being re-allocated to anyone else without the express digital permission of the owner.
The future of digital assets and identities — ownership, control and cryptography
Expanding on the example of the phone number, in the future we will demand full ownership and custody of all of our digital assets and identities. It will then be up to each user to fully control all transactions, and decide how their personal data is to be used, accessed, shared, tracked and traded.
Given the fact that applications such as software wallets on our mobile devices will be central to managing our digital assets and identities and for executing transactions, the question arises: how will we secure these assets and identities?
Cryptography and the use of public and private keys will play a central role in providing security. For these encryption procedures to be successful, it is critical that the private keys must be kept secret, ensuring only the owners of those keys can decrypt content and create digital signatures.
In summary, the safety and security of private keys on mobile devices is an imperative for the advancement of these new digital services. The exposure of a private key, or the malfunction of a device may result in the complete loss of assets.
FIX Network will provide systems, solutions and applications to overcome these complex challenges, offering users full peace-of-mind in the new digital world.
The FIX Network solution — innovation at work
Because the mobile device is central and essential to our digital lives and will become even more so in the future, the FIX network architecture concerns itself with the two major elements involved in mobile connectivity — the mobile device itself, and the mobile operator that delivers services to these devices.
Regarding the mobile device, the foremost challenge is to ensure the security and safety of private keys that will be used by the applications running on these devices. A major innovation by FIX Network is to store these keys on the subscriber’s SIM cards using cryptographic-enabled applets on those SIM cards. This will enable secure access to our digital lives wherever we go, with cryptographic operations being executed by the SIM card itself, never exposing the private keys to the mobile device or a public network. In addition, to increase security, private keys may be segmented and distributed over multiple SIM-enabled devices, with each device storing only a portion of the shared key. This segmented/distributed architecture also facilitates the recovery of security keys if a device is misplaced or damaged.
An integral component of the FIX Network solution are “policies”, which are critical for managing the storage, use and recovery of digital assets and identities. These policies define the rules for governing our digital lives, and are configured by the end-user to suit their specific needs and requirements.
Mobile operators will play a central role in the FIX Network solution and the support of this policy architecture. Policies will be stored and secured by the state-of-the-art FIX Network distributed and decentralized blockchain infrastructure, and access to these policies from mobile devices will be via the existing cellular infrastructure in partnership with global mobile operators.
Policies — the rules for governing our digital futures
Policies are highly flexible and adaptable rules that allow users to define the usage characteristics of their digital assets and identities, such as how those assets are to be stored, used, accessed, transacted and recovered. These policies must be adhered to in order to authorize or accomplish a digital transaction. Policy rules will be configured by easy-to-use and intuitive self-service applications provided by FIX Networks and third parties.
Multiple policies may be defined for each user, with each policy being automatically implemented by the FIX Network platform depending on the specific transaction, application or activity being executed on the mobile device.
An important and powerful concept when defining policies is that of a “pool of SIM cards”. These SIM card pools promote and facilitate the innovative idea of multi-factor/multi-device authorization for transactions, which is a strategy that allows users to validate transactions by owning multiple devices, or including selected devices in their “trusted circle”, and involving these devices when authorizing transactions. Devices included in these policy pools may be any SIM-enabled consumer and/or IoT (Internet of Things) device.
Let’s take a look at some typical policies.
One of the most common and generic mobile applications will be the digital wallet, which will be used for storing cryptocurrencies and facilitating electronic transactions. User-defined transaction policies will provide a significant added level of security and flexibility to digital wallet technology. These policies may include parameters such as how many and which devices are needed for authorization, as well as listing the requirements that each device must meet to achieve authorization, such as the entry of a one-time password (OTP), or the physical location of the device.
For example, a simple policy applicable to a wallet may stipulate that outgoing currency transfers under the value of $100 may be authorized by the entry of a PIN on the owner’s mobile device. For transfers between the value of $100 and $1000, PIN authorizations are required on two devices, including both the owner’s and his wife’s mobile phones. Transfers of larger amounts require a third authorizing participant, that being a SIM-enabled device kept in a safe, where the entry of a one-time password is needed. In addition, the policy may include geo-fencing stipulations, demanding that this third device must be in a specific physical location for the authorization to be valid.
Another policy example is one defining the segmentation and recovery of private keys. This policy may stipulate that these private keys are to be segmented and distributed over five SIM-enabled devices in the user’s specified “trusted circle”, providing a significant measure of added security. In addition, the policy may include a key recovery provision, whereby three out of the five participants are required to complete 2FA (two- factor authentication) authorizations on their mobile devices in order to reconstruct and recover lost private keys.
FIX Network policies will also provide end-users with full, self-service control over their mobile connections, allowing those subscribers to create firewalls, define operational policies, as well as monitor and control the usage of resources and bandwidth. This means that, for example, parents will be able to ensure that their children do not have access to mobile connectivity between certain hours of the day.
The FIX Network solution — a global initiative, driven by the community
The problems to be overcome in our migration to a digital society are gigantic, and a global initiative is required in order to provide suitable and relevant solutions, products and services to achieve this transformation.
FIX Network is just that — an international, and community-based initiative, benefiting from and enjoying the invaluable contributions and encouragement from hundreds of experts, enthusiasts and supporters from all corners of the globe who share our vision. This superb pool of talent and knowledge will play a huge and indispensable role in driving the development, delivery and implementation of the FIX Network solutions.
To encourage community and industry participation, third-party integration and solution standardization, all of the apps provided by FIX Network will be open-source and include APIs (Application Program Interfaces) and SDKs (Software Development Kits). In addition, our security policy components will be released as open-source for rapid deployment by mobile operators worldwide.
Changing the world with the FIX Network vision
Our journey towards becoming a digital society is inexorable and accelerating, and there will be many challenges and risks along this road.
FIX Network has identified one of those major challenges — that of the security and safety of our digital assets and identities — and has chosen to develop and implement solutions to solve this critical issue.
We believe that we have designed the right architecture that will allow users to entrust their digital lives to the new and rapidly growing world of decentralized applications. In the near future, FIX Network will deliver innovative and comprehensive solutions that will help enable this transformation, and make the world a better and safer place.
We invite you to join us and support our vision. https://fix.network/
https://medium.com/new-capital/fix-network-delivering-your-secure-and-safe-digital-future-99915e82e57a
New Capital Launches Community Exchange
https://masternode.buzz/new-capital-launches-community-exchange/?fbclid=IwAR2Du1Zr29-jh6gA2B52n9hldCms7z_3O1BMvyk6WzqPYcrx1gpHqf07G2g
https://masternode.buzz/new-capital-launches-community-exchange/?fbclid=IwAR2Du1Zr29-jh6gA2B52n9hldCms7z_3O1BMvyk6WzqPYcrx1gpHqf07G2g
New Capital announces the Community Exchange
New Capital is pleased to announce the introduction of the Community Exchange, a platform that will allow the safe and efficient exchange of value for our community.
The Community Exchange has been specifically launched as an essential tool for servicing and advancing our growing community. Therefore, this platform will not be a profit center for New Capital, and transactions are free of charge for our members.
The ultimate, long-term goal of New Capital is to create a true DEX, but until that time, this centralized but safe community-driven platform will be available. The New Capital Community Exchange is designed to be fully automated and autonomous, and customer support will be provided by the community itself.
“This is a significant advancement for New Capital, the blockchain-based projects that we incubate, and our community,” stated Edwin Terek, chief visionary at the company. “The free-of-charge services to be provided by the Community Exchange is a giant step forward in growing and rewarding our community, who have shown such enthusiasm and commitment in supporting our projects. Our success directly depends on the global community, and this is a way to both thank the participants and to demonstrate our commitment by providing relevant safe and free services. In addition, the no-cost and simple exchange between cryptocurrencies used by the various projects within the New Capital ecosystem allows community members to easily support and participate in multiple projects.”
One of the main reasons that New Capital has launched this service is due to the continual concerns voiced by the community regarding the safety, security and reliability of their cryptocurrency assets when using third-party exchanges
“However much due diligence we performed prior to recommending third-party services to our community, we have been disappointed in a number of cases where those services did not meet our expectations. We are confident that the Community Exchange will provide a safe, secure and efficient platform for cryptocurrency exchange services, delivering a strong measure of comfort and confidence to our community.”
As New Capital adds bockchain-based projects to their portfolio, these initiatives will also be included in the Community Exchange platform. In addition, alternative cryptocurrency trade pairs will be introduced to simplify the ease of access for participation in New Capital-supported projects
Please visit the Community Exchange https://new.capital/exchange/trade/BTC_TWINS
New Capital is pleased to announce the introduction of the Community Exchange, a platform that will allow the safe and efficient exchange of value for our community.
The Community Exchange has been specifically launched as an essential tool for servicing and advancing our growing community. Therefore, this platform will not be a profit center for New Capital, and transactions are free of charge for our members.
The ultimate, long-term goal of New Capital is to create a true DEX, but until that time, this centralized but safe community-driven platform will be available. The New Capital Community Exchange is designed to be fully automated and autonomous, and customer support will be provided by the community itself.
“This is a significant advancement for New Capital, the blockchain-based projects that we incubate, and our community,” stated Edwin Terek, chief visionary at the company. “The free-of-charge services to be provided by the Community Exchange is a giant step forward in growing and rewarding our community, who have shown such enthusiasm and commitment in supporting our projects. Our success directly depends on the global community, and this is a way to both thank the participants and to demonstrate our commitment by providing relevant safe and free services. In addition, the no-cost and simple exchange between cryptocurrencies used by the various projects within the New Capital ecosystem allows community members to easily support and participate in multiple projects.”
One of the main reasons that New Capital has launched this service is due to the continual concerns voiced by the community regarding the safety, security and reliability of their cryptocurrency assets when using third-party exchanges
“However much due diligence we performed prior to recommending third-party services to our community, we have been disappointed in a number of cases where those services did not meet our expectations. We are confident that the Community Exchange will provide a safe, secure and efficient platform for cryptocurrency exchange services, delivering a strong measure of comfort and confidence to our community.”
As New Capital adds bockchain-based projects to their portfolio, these initiatives will also be included in the Community Exchange platform. In addition, alternative cryptocurrency trade pairs will be introduced to simplify the ease of access for participation in New Capital-supported projects
Please visit the Community Exchange https://new.capital/exchange/trade/BTC_TWINS
Read the article about FIX Network on Financial Report 24:
https://financialreport24.com/2450/cryptocurrency-security-threats-on-a-whole-new-level-what-is-the-future-for-private-key-security/
https://financialreport24.com/2450/cryptocurrency-security-threats-on-a-whole-new-level-what-is-the-future-for-private-key-security/
Have a look at the video summary of the FIX network launch event (feel free to turn on English subtitles):https://www.youtube.com/watch?time_continue=34&v=3YaxZaKd-Hc
Yuri K [new.capital]
Hello, @everyone ! Finally, new version of the wallet was released, Please upgrade to v3.2.2.2 as soon, as possible.
Please note that this upgrade includes change in protocol version, which means masternodes will need to be restarted with start-alias after the upgrade.
Also, in case you are currently on one of the forks and not on the mainnet, the wallet will attempt to bring you back. In most case it should succeed. If you was on the fork, it's strongly advised to restart the wallet once more after you are back to the mainnet and fully synced.
https://github.com/NewCapital/TWINS-Core/releases/tag/twins_v3.2.2.2
Hello, @everyone ! Finally, new version of the wallet was released, Please upgrade to v3.2.2.2 as soon, as possible.
Please note that this upgrade includes change in protocol version, which means masternodes will need to be restarted with start-alias after the upgrade.
Also, in case you are currently on one of the forks and not on the mainnet, the wallet will attempt to bring you back. In most case it should succeed. If you was on the fork, it's strongly advised to restart the wallet once more after you are back to the mainnet and fully synced.
https://github.com/NewCapital/TWINS-Core/releases/tag/twins_v3.2.2.2
Edwin [new.capital]:
We are still in the process of finding the most effective way to fight splits. We are testing one innovative approach in our lab at the moment. If this approach will work, TWINS be the first network capable to recover itself after split without the need to update the wallets. We need more time before we can release an update and send instructions. Please avoid making transactions, as these could be reverted after the update,
Edwin [new.capital]
Thank you, Team! The event went very well. It was very exciting and both productive. Over 100 guests, including professionals form cyber, telco and finance industries.
Thank you, Team! The event went very well. It was very exciting and both productive. Over 100 guests, including professionals form cyber, telco and finance industries.
Edwin [new.capital]
The attack on the TWINS network resulted into multiple network splits. We are now working hard to fix the issue with an updated wallet version that will include additional improvements to fight the issue more effectively next time. This version will also introduce more features, like additional MN tiers and Testnet. Until the wallets are released, please do not make any transactions, as these could be reverted after the update.
https://win.win/ @TWINS_Coin https://discord.gg/Y3gFaPP https://fix.network/ https://new.capital/ https://vk.com/wintwins
Yuri K [new.capital]
@everyone Hello. Guys, we are currently under attack (fake-stake or similar), which is causing network split(s) and flapping masternodes.
Please avoid making any transactions for now, as there is a chance that the transaction will be reversed after split's will be taken care of.
Please stay tuned for future updates!
Edwin [http://new.capital ]
Yuri is here! Will be implementing the http://wallet.app payment plugin into the FIX shop
https://win.win/ @TWINS_Coin https://discord.gg/Y3gFaPP https://fix.network/ https://new.capital/ https://vk.com/wintwins
Yuri is here! Will be implementing the http://wallet.app payment plugin into the FIX shop
https://win.win/ @TWINS_Coin https://discord.gg/Y3gFaPP https://fix.network/ https://new.capital/ https://vk.com/wintwins
Alex [new.capital]
TWINS is the first cryptocurrency supported by the Bitsane Shared Masternode service, enabled directly on the exchange!
https://discord.gg/CZqGq79 https://bitsane.com/exchange/twins-btc
TWINS is the first cryptocurrency supported by the Bitsane Shared Masternode service, enabled directly on the exchange!
https://discord.gg/CZqGq79 https://bitsane.com/exchange/twins-btc
Hello People, let's vote for "TWINS Coin(TWINS)" in TOP MASTERNODES
Our coin: "№26 TWINS Coin(TWINS)" https://l2rx.com/index.php?limit=50&sort=0&page=1#TWINS
Edwin [new.capital]
We are excited to invite our friends and colleagues to meet us in person. We will tell the FIX story and will answer questions. If by chance, someone here will be in Tel Aviv on 6.6.2019, please register to reserve your participation. https://docs.google.com/forms/d/e/1FAIpQLSfEoks11rDfr7X4FKFt4Y7Z50ZqJqYGS5Kx7Xj5gU8CoZeQuQ/viewform?usp=sf_link
https://discord.gg/MENM7fY
We are excited to invite our friends and colleagues to meet us in person. We will tell the FIX story and will answer questions. If by chance, someone here will be in Tel Aviv on 6.6.2019, please register to reserve your participation. https://docs.google.com/forms/d/e/1FAIpQLSfEoks11rDfr7X4FKFt4Y7Z50ZqJqYGS5Kx7Xj5gU8CoZeQuQ/viewform?usp=sf_link
https://discord.gg/MENM7fY
Our most valuable Digital Assets are at great risk. Can this be fixed?
Our phone number is our most important digital asset, and will remain the only unique national and international method of identification well into the future. As more of our personal lives, transactions and interactions move online, the use of this single identifier will become increasingly important. Already, numerous apps equate their user accounts with personal phone numbers, and significant global initiatives such as the GSMA’s Mobile Connect solution promote the mobile number as a universal digital identity, allowing participants to access multiple online services via a single sign-on.
In addition to our reliance on the phone number as an identifier, in recent years more and more companies and services have come to depend on smartphones as a secure device on which they may authenticate their users through procedures such as two-factor authentication, where verification codes are received through SMS texts.
Therefore, the often publicly available phone number is used both as an identifier and also as a means to confirm that identity, with this digital asset essentially acting as the lock and key for accessing supposedly-secure portals. Anyone who controls the phone number may then be an authenticator, and by diverting incoming messages, scammers are easily able to complete the verification checks that protect our most sensitive accounts. Alternatively, the presumed private and secure characteristics of a phone number may be used to trick services into divulging passwords.
The most common method of “hijacking” a phone number is through SIM swapping, also known as port-out scamming or SIM splitting. At its most basic level, a SIM swap occurs when a hacker convinces a carrier to switch a subscriber’s phone number over to a SIM card owned by the fraudster, or to issue a new SIM card with the same number to the fraudster. This is generally achieved by the hacker presenting the mobile operator with fake ID documents and requesting the change, but there have been cases where the attackers use inside sources at carriers who will transfer the numbers for them. As a result of the SIM swap, the genuine customer’s mobile phone is disconnected from the mobile network, and that subscriber does not receive any services, including the all-important two-factor authentication SMS alerts. Instead, all traffic to and from the victim’s phone number is controlled by the attacker, and they have full access to calls, social media apps and, of course, security information such as one-time passwords received by SMS.
SIM-swap attacks are now widespread, and over-and-above the obvious damage done by the owner losing control over his/her data, the hacker is able to circumvent security features for accounts, such as their bank and social media accounts. In addition, it is estimated that over $50 million in cryptocurrency has been stolen from U.S. personal wallets in the last 15 months using switched SIM identities, and a number of recently reported cases have highlighted this serious vulnerability. Earlier this year, a 21-year-old Boston man was sentenced to 10 years in jail for stealing $7.5 million in Bitcoin and other cryptocurrencies after hijacking more than 40 phone numbers and then hacking his victims’ cell phones. Rob Ross, a former Apple engineer, watched helplessly as his life savings of $1 million disappeared when hackers took control of his SIM, and were able to enter his accounts, request a password change, and assume his digital identity. In 2018, Michael Terpin, an American blockchain a crypto investor, sued AT&T for $220 million after being defrauded out of $24 million of his crypto assets. Terpin claimed that the carrier’s negligence allowed the hackers to gain control over his phone number, reset his passwords and access his online accounts. Earlier this month, Terpin won $75.8 million in a civil case against 21-year-old Nicholas Truglia, who was reportedly involved in this fraud.
As we progressively become more dependent on our mobile phones to interact and transact, this SIM-swap vulnerability will become increasingly prevalent and damaging. Phone numbers were never intended to be a way of confirming a subscriber’s identity, and phone companies are not equipped to ensure the security of this critical digital asset, particularly when considering the weaknesses and limitations inherent in number porting processes.
Given the fact phone numbers will increasingly be used as an identifier, major architectural, functional and operational changes are required in order to provide subscribers with full control over this asset.
A company that plans to solve this serious issue facing the security of our digital assets and identities is FIX Network, a project that is supported by New Capital.
FIX Network is committed to providing solutions for securing our digital identities, and ensuring the safety of our daily transactions in the imminent mass transformation towards a decentralized and digital society. These solutions involve utilizing and leveraging the existing cellular infrastructure by defining and implementing a new blockchain-based security protocol, and securing transactions and private keys on SIM cards.
One of the most important digital asset to be secured by this new architecture is the phone number. Clearly, this asset should be owned and controlled by the subscriber, with user-defined FIX Network security policies in place to define which operator may provide services to the number, how that number may be used, and the personal authorization procedures required for SIM replacements.
Ideally, phone numbers should be managed in one blockchain-based decentralized ledger, which will provide standardized access and routing lookup for all operators on a global basis.
The composition of FIX Network has been carefully crafted to encompass multi-disciplinary participants, including experts from the telecom, blockchain, cybersecurity and IT industries. As such, the entity is uniquely positioned to implement this innovative security protocol within its own network, serving as a proof-of-concept for the global telecommunications industry and helping to define new standards for the ITU.
In summary, identity management experts have warned for years about our over-reliance on phone numbers, and the security vulnerabilities that are open to exploitation, especially with regard to SIM swapping. Despite these susceptibilities, the use of the phone number as a key personal identifier will not be diminished; in fact, we will become increasingly reliant on this unique digital asset.
It is imperative that users must be secure in the knowledge that their phone numbers are safe, and that the identification and authentication policies that are dependent on these numbers cannot be hijacked. The security protocols implemented by FIX Network will provide the environment and procedures to fully protect not only telephone numbers, but the vast array of digital assets that we will all be using in the future.
Official links:
https://fix.network/
https://discord.gg/MENM7fY
Our phone number is our most important digital asset, and will remain the only unique national and international method of identification well into the future. As more of our personal lives, transactions and interactions move online, the use of this single identifier will become increasingly important. Already, numerous apps equate their user accounts with personal phone numbers, and significant global initiatives such as the GSMA’s Mobile Connect solution promote the mobile number as a universal digital identity, allowing participants to access multiple online services via a single sign-on.
In addition to our reliance on the phone number as an identifier, in recent years more and more companies and services have come to depend on smartphones as a secure device on which they may authenticate their users through procedures such as two-factor authentication, where verification codes are received through SMS texts.
Therefore, the often publicly available phone number is used both as an identifier and also as a means to confirm that identity, with this digital asset essentially acting as the lock and key for accessing supposedly-secure portals. Anyone who controls the phone number may then be an authenticator, and by diverting incoming messages, scammers are easily able to complete the verification checks that protect our most sensitive accounts. Alternatively, the presumed private and secure characteristics of a phone number may be used to trick services into divulging passwords.
The most common method of “hijacking” a phone number is through SIM swapping, also known as port-out scamming or SIM splitting. At its most basic level, a SIM swap occurs when a hacker convinces a carrier to switch a subscriber’s phone number over to a SIM card owned by the fraudster, or to issue a new SIM card with the same number to the fraudster. This is generally achieved by the hacker presenting the mobile operator with fake ID documents and requesting the change, but there have been cases where the attackers use inside sources at carriers who will transfer the numbers for them. As a result of the SIM swap, the genuine customer’s mobile phone is disconnected from the mobile network, and that subscriber does not receive any services, including the all-important two-factor authentication SMS alerts. Instead, all traffic to and from the victim’s phone number is controlled by the attacker, and they have full access to calls, social media apps and, of course, security information such as one-time passwords received by SMS.
SIM-swap attacks are now widespread, and over-and-above the obvious damage done by the owner losing control over his/her data, the hacker is able to circumvent security features for accounts, such as their bank and social media accounts. In addition, it is estimated that over $50 million in cryptocurrency has been stolen from U.S. personal wallets in the last 15 months using switched SIM identities, and a number of recently reported cases have highlighted this serious vulnerability. Earlier this year, a 21-year-old Boston man was sentenced to 10 years in jail for stealing $7.5 million in Bitcoin and other cryptocurrencies after hijacking more than 40 phone numbers and then hacking his victims’ cell phones. Rob Ross, a former Apple engineer, watched helplessly as his life savings of $1 million disappeared when hackers took control of his SIM, and were able to enter his accounts, request a password change, and assume his digital identity. In 2018, Michael Terpin, an American blockchain a crypto investor, sued AT&T for $220 million after being defrauded out of $24 million of his crypto assets. Terpin claimed that the carrier’s negligence allowed the hackers to gain control over his phone number, reset his passwords and access his online accounts. Earlier this month, Terpin won $75.8 million in a civil case against 21-year-old Nicholas Truglia, who was reportedly involved in this fraud.
As we progressively become more dependent on our mobile phones to interact and transact, this SIM-swap vulnerability will become increasingly prevalent and damaging. Phone numbers were never intended to be a way of confirming a subscriber’s identity, and phone companies are not equipped to ensure the security of this critical digital asset, particularly when considering the weaknesses and limitations inherent in number porting processes.
Given the fact phone numbers will increasingly be used as an identifier, major architectural, functional and operational changes are required in order to provide subscribers with full control over this asset.
A company that plans to solve this serious issue facing the security of our digital assets and identities is FIX Network, a project that is supported by New Capital.
FIX Network is committed to providing solutions for securing our digital identities, and ensuring the safety of our daily transactions in the imminent mass transformation towards a decentralized and digital society. These solutions involve utilizing and leveraging the existing cellular infrastructure by defining and implementing a new blockchain-based security protocol, and securing transactions and private keys on SIM cards.
One of the most important digital asset to be secured by this new architecture is the phone number. Clearly, this asset should be owned and controlled by the subscriber, with user-defined FIX Network security policies in place to define which operator may provide services to the number, how that number may be used, and the personal authorization procedures required for SIM replacements.
Ideally, phone numbers should be managed in one blockchain-based decentralized ledger, which will provide standardized access and routing lookup for all operators on a global basis.
The composition of FIX Network has been carefully crafted to encompass multi-disciplinary participants, including experts from the telecom, blockchain, cybersecurity and IT industries. As such, the entity is uniquely positioned to implement this innovative security protocol within its own network, serving as a proof-of-concept for the global telecommunications industry and helping to define new standards for the ITU.
In summary, identity management experts have warned for years about our over-reliance on phone numbers, and the security vulnerabilities that are open to exploitation, especially with regard to SIM swapping. Despite these susceptibilities, the use of the phone number as a key personal identifier will not be diminished; in fact, we will become increasingly reliant on this unique digital asset.
It is imperative that users must be secure in the knowledge that their phone numbers are safe, and that the identification and authentication policies that are dependent on these numbers cannot be hijacked. The security protocols implemented by FIX Network will provide the environment and procedures to fully protect not only telephone numbers, but the vast array of digital assets that we will all be using in the future.
Official links:
https://fix.network/
https://discord.gg/MENM7fY
Jump to: