Silk Road: Completely Under the Radar?

This article takes a look at the website Silk Road, which has recently come into the focus of two US Senators Charles Schumer and Joe Manchin, in June 2011. The Senators called for the Drug Enforcement Administration to shut down the website, which facilitates the buying and selling of illegal drugs – such as heroin, cocaine and meth – completely anonymously. Silk Road is able to hide the identities of its users through the Tor anonymity network, along with the use of bitcoins, which are an untraceable peer-to-peer [...]

Share

Bitcoin: Virtual Currency Challenge

Bitcoins are a peer-to-peer currency introduced in 2009. The bitcoin system is decentralized, which means there is no single authority that issues currency or tracks transactions. Bitcoins can now be used to purchase products and services and they can be exchanged for dollars, euros or other currency. [...]

Share

UK's secret spies nix huge covert operation after loss of USB memory stick

Last week, the British Security Service and Secret Intelligence Services, better known as MI5 and MI6, showed exactly how expensive information security procedures really can be. Details unveiled last week show MI6 scrapped a 2006 undercover drug raid operation in Columbia for fear that a lost USB stick containing covert agents and informants may have fallen into the wrong [...]

Share