information leak

GoPlus Security: The information leak regarding token listing is "not true," and an internal investigation is underway regarding the token's price drop

ChainCatcher news, GoPlus Security posted on platform X: "First, GoPlus has established a special investigation team to conduct a comprehensive investigation into the abnormal price fluctuations. Binance has also provided additional support to assist in investigating the cause of the incident. Firstly, in response to community feedback claiming that a leaker disclosed the listing information in advance and suspecting that this person is a member of the GoPlus team or a community administrator, GoPlus immediately initiated an internal investigation. The investigation results show that this situation is not true. The GoPlus team did not have prior knowledge of the March 4th GPS listing plan. Everything happened very suddenly; our team only learned about the listing news after the announcement was made and immediately collaborated with Binance to meet any additional requests from our side. Furthermore, it has been confirmed that the individuals spreading various rumors are unrelated to the parties involved and they had no way to obtain internal information about the listing through official internal channels.On the day of the listing, GoPlus transferred a total of 500 million GPS tokens to Binance. Of these, 300 million GPS tokens have been distributed as rewards for the BNB HODLer program, and the remaining 200 million tokens will be used for future marketing activities. For transparency, Binance has transferred the remaining 200 million GPS tokens to a public wallet address. Regarding the situation where the GPS price plummeted by 50% within 24 hours, GoPlus is conducting internal investigations with multiple partners and will provide users with a comprehensive explanation of our investigation results."

Mastercard plans to eliminate credit card numbers and switch to tokenization technology to reduce the risk of information leakage

ChainCatcher news, according to the Singapore United Morning Post, Mastercard is planning to eliminate traditional credit card numbers and adopt "authentication technology" (Tokenization) to combat online fraud. This technology replaces sensitive data such as credit card numbers with randomly generated numerical sequences (tokens) to reduce the risk of data breaches. Mastercard CEO Michael Miebach stated that the company will expand the use of this technology and replace traditional passwords with biometric identification (such as fingerprints or facial scans). This measure is in response to the increasingly serious problem of online payment fraud, which is expected to exceed $91 billion by 2028.Miebach pointed out that the conventional thinking in the past was to protect data and transactions with passwords to ensure security; however, this approach has gradually become a security vulnerability. But "authentication technology" replaces sensitive information with "tokens," making it impossible to decipher real information even if the data is illegally accessed by hackers. Furthermore, "authentication technology" also helps businesses comply with data protection regulations, such as the EU General Data Protection Regulation (GDPR) and the Payment Card Industry Data Security Standard (PCI DSS). Mastercard stated that by the end of this century, all e-commerce transactions in Europe are expected to be replaced by "tokens."
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