Online privacy means business

With more people becoming concerned about online privacy issue it was easy to see that the money will follow. One of the companies that has been involved in protecting people’s online privacy is the people behind reputation.com.

The company recently announced that they have closed another round of venture capital funding to the tune of $41 million of new funding. That raises the total amount of funding received from VC money to $65 million. The company says that this round of funding was oversubscribed so that is a good sign that people are interested in this type of business model.

The company obviously has plans to expand because they currently have over 100 positions that they are looking to fill. they currently have over 150 employees.

Does facebook get it?

Online privacy. People actually want it. They expect it. It does not matter what your terms of service has buried in the small text. People really do not want all their information spread out to whomever wants to buy it through ad servers.

Facebook is different that many online privacy issues because people but in lots of details into the Facebook profiles. Plus their online posts can reveal plenty about themselves.

Facebook now says they will make their privacy settings easier to use. the current set up obviously does not work for many people simply because they do not know how to use it. Plus some people would never expect all that information to be available. Hopefully the new facebook privacy settings will keep everyone happy and secure.

GSM hacked for the good

The Chaos Communication Conference in Berlin lived up to its name with the news that the GSM cellphone encryption algorithm called A5/1 developed by the GSM Association had been hacked. The Chaos Communication Conference is the largest hacker conference in Europe.

German computer science expert Karsten Nohl worked with several other people over a period of months to break the code. The AS/1 code had been established over 20 years ago. The code is used by the millions of GSM phone users since it is the standard way that GSM send their signal. With the cracked code someone with about $30,000 worth of equipment could listen in on any GSM phone conversation according to Nohl.

The GSM Association who developed the code published a statement saying the groups efforts could be viewed as illegal in certain countries. But its better that Nohl and his group brought the development out in the open. The GSM Association also had its doubts that the published information could actually work in the field but its still in the process of developing a new security algorithm called A5/3.