Snowden: Don't give up your biometrics in exchange for cryptocurrency

[Tomcat]

Snowden criticized the idea of the Worldcoin crypto startup, which promises to pay a reward in cryptocurrency for scanning the iris of the eye.

Recently, a new startup of venture investor Sam Altman Woldcoin came out of the secrecy mode, revealing some details about its developments. The company has created a device for scanning the iris of the eye and plans to pay those who agree to pass the scan a reward in their own cryptocurrency. The project was implemented on the Ethereum blockchain.

The developers assure that as such, biometrics are not collected in the database. The iris scan is converted to a digital code directly in the device. After that, the source data is deleted, and the code is stored in a distributed registry, serving as a unique user ID. You can't restore the scan using the code.

Edward Snowden, a well-known privacy advocate, criticized the creation of a biometric database by the startup Worldcoin. Snowden urged his Twitter followers not to exchange their biometric data for cryptocurrency.

"It looks like a global database of retinal scans of people's eyes. It seems that the developers are waving off the consequences in advance, saying that all data will be deleted," Snowden wrote.
According to him, the hashes of these scans are still stored in the database, and thanks to them, you can identify the user.
Snowden also claims that biometrics cannot be used to fight fraud.

"In fact, don't use biometrics for anything [...]. The human body is not a composter for tickets, " he concluded.

Сноуден: Не сдавайте свою биометрию в обмен на криптовалюту

Сноуден раскритиковал идею криптостартапа Worldcoin, который за сканирование радужки глаза обещает выплачивать награду в криптовалюте.

www.securitylab.ru

 

[Carding Forum]

Intel Innovation: A Course on the Internet of Things and Biometrics​

50 years ago, Intel co-founder Robert Noyce sketched the company's first business plan on a typewriter. It consisted of only one page

Intel Museum

On July 18, 1968, Intel, the world's largest manufacturer of electronic devices and computer components, was founded. Today the company is developing in many directions. In honor of Intel's birthday, PaySpace Magazine decided to tell what innovations Intel plans to implement in the coming years.

Intel intends to become one of the leaders in the Internet of Things (IoT). Already today, the company provides the raw materials and expert assistance to connect, support and protect the Internet of Things.

Intel's developments allow the development of IoT in different directions: from the creation of smart homes to the efficient distribution of electricity. The company pays special attention to wearable electronics. The corporation has already participated in the creation of the operating system for the Samsung Gear 2 smartwatch. In addition, in early 2018, Intel introduced compact tech smart glasses without bulky displays.

The company currently generates less than 5% of its revenue from IoT. However, Intel hopes to increase the share to 10% by 2020. This indicator will be achieved largely due to the growth of the wearable electronics market, which is about 20% per year.

Intel is actively working on the security of connected devices. To this end, the company entered into an agreement with Visa, under which such security systems will be developed for Intel chips that will meet the requirements of the new trend.

Intel believes that Blockchain technology can be useful to many companies interested in decentralized governance.

In March 2016, Intel's private distributed ledger participated in testing various Blockchain concepts for the banking industry. And in 2018, Intel applied for a patent for a new way of verifying transactions in a distributed ledger that eliminates the need for miners.

Back in 2015, based on the new sixth generation Intel Core processors, the Intel Authenticate multi-level identity verification system was created, which, in addition to a PIN code and one-time password, involves the use of a biometric token. The type and sequence of the combination of new passwords can be selected at your discretion. All data is securely encrypted and stored in hardware memory. The company plans to get rid of passwords altogether in favor of biometric authentication.
And in 2017, Bank of America, in partnership with Intel, announced plans to bring biometric authentication to online banking for PC users.

To continue to develop all of these innovations, Intel launched a FinTech lab in Israel, which is famous for its developed start-up industry. The company will showcase its own projects in the Laboratory, and will also look for collaboration opportunities with other project participants.