Explore the latest news and trends  

Sign up for our weekly security newsletter

Be the first to receive important updates on security


LulzSec Hacktivist Lands Up As Employee of Online Payments Company

"tFlow," ex-member of LulzSec is preparing to join Secure Trading an online payments company in U.K. He'll be working in the position of Security Advisor. With actual name Mustafa Al-Bassam, the 21-yr-old advisor is set to be involved in the services and technology unit of the company. One of the projects he'll work on is the company's new blockchain investigation task named 'Trustery.' The project seeks for establishing one commercial blockchain system for increasing the reliability as well as visibility of payments over the Net. Alongside Trustery, Al-Bassam is set to as well work intensively for Cognosec the cyber-security subsidiary of Secure Trading.

Blockchains refer to a kind of base technology used for the functioning of cryptocurrencies' (Litecoin/Bitcoin). Previously, financial institutions and governments explored how blockchains could be combined with their systems as ideally the technology enhances the genuineness as also safety of records-keeping and data storage.

Reflecting on his future plans with Secure Trading, Al-Bassam said he wished for developing tools that would lend security to online payments. The industry for financial services had typically been unable to keep pace in security practices, he added.

Meanwhile according to Secure Trading's Chairman Kobus Paulsen, very few specialists exist for blockchain technology; therefore, getting Mustafa amidst them is their luck. In working for the project, his company looked forward to utilizing Mustafa's dexterous knowledge in creating a technology that would aid in making e-commerce more secure for numerous clients, Paulsen says.

Incidentally blockchain, which verifies digital transactions/events, is highly regarded as far more secure compared to existing modes of payment, thus making verification of payment sources easier while minimizing money-laundering. Techworm.com posted this, March 16, 2016.

There was a time when Al-Bassam pleaded guilty earning him one suspended sentence for 20-months in jail, community work spanning 500-hrs along with prohibition of going online for 2-yrs.

Al-Bassam got his new job merely 2-days following GhostShell another well-known hacktivist disclosing his true identity. By making himself public, GhostShell intended to be tried in court, complete the sentence ordered on him, and subsequently get some cyber-security firm hire him so his life's stresses would reduce in working a legitimate employment.

ยป SPAMfighter News - 3/24/2016

3 simple steps to update drivers on your Windows PCSlow PC? Optimize your Slow PC with SLOW-PCfighter!Email Cluttered with Spam? Free Spam Filter!

Dear Reader

We are happy to see you are reading our IT Security News.

We do believe, that the foundation for a good work environment starts with fast, secure and high performing computers. If you agree, then you should take a look at our Business Solutions to Spam Filter & Antivirus for even the latest version of Exchange Servers - your colleagues will appreciate it!

Go back to previous page