FSB to work with the ISO on blockchain standards

Federal Security Service (FSB) to work with the International Organization of Standardization (ISO) on the creation on blockchain standards
18 August 2017   871

The committee for the development of the standard for blockchain technology created under the International Organization for Standardization (ISO) included Russian representatives, one of them the FSB officer Grigory Marshalko, as reported by Vedomosti referring to the two sources familiar with the work of the committee.

Marshalko himself declined to comment on his participation in the ISO committee, advising Vedomosti to contact the FSB's public relations centre. At the same time, he confirmed that he represents the FSB in the Russian committee of Rosstandart for the standardization of cryptography.

Maxim Shevchenko, deputy head of the Infotech laboratory, who is a member of the ISO committee, explained that Russian delegation, participating in the development of the blockchain standards, consists of members of the Russian committee of Rosstandart for the standardization of cryptography. The FSB, the newspaper notes, directs its work and its chairman is an employee of the FSB.

The aim of Russian representatives in the ISO committee is to make Russian cryptographic algorithms included to the International Blockchain Standard. 

Alexey Urivsky
One of the Committee's experts

According to Vedomosti, Russia is to have a separate committee on blockchain in the near future. Thus, Rosstandart has begun to recruit experts in August, 2017.

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   120

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.