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$500k "Energy-Harvesting" Kickstarter Scam Unfolding Right Now

Slashdot - Tue, 2014-06-24 07:03
New submitter FryingLizard (512858) writes For a while I've been following the saga of the Kickstarter "iFind" Bluetooth 4.0 tracking tag. Nothing new about such tags (there are many crowdfunded examples; some have delivered, some have disappointed), but this one claims it doesn't require any batteries — it harvests its energy from electromagnetic emissions (wifi, cell towers, TV signals, etc). The creators have posted no evidence other than some slick Photoshop work, an obviously faked video, some easily disproven data, and classic bad science. So far they've picked up half a million in pledges. With six days to go until they walk off with the money, skeptics abound (10min in) including some excellent dissections of their claims. The creators have yet to post even a single photo of the magical device, instead posting empty platitudes and claims that such secrecy is necessary to protect their IP. Using just their published figures, their claims are readily refuted, yet still backers flock in. Kickstarter appear uninterested in what can only be described as a slow-motion bank robbery, despite their basic requirement to demonstrate a prototype. It seems self-evident that such scams should not be allowed to propagate on Kickstarter, for the good of other genuine projects and the community at large. Skeptics are maintaining a Google Doc with many of the highlights of the action. Bring your own popcorn and enjoy the show."

Read more of this story at Slashdot.








Categories: news

$500k "Energy-Harvesting" Kickstarter Scam Unfolding Right Now

Slashdot - Tue, 2014-06-24 07:03
New submitter FryingLizard (512858) writes For a while I've been following the saga of the Kickstarter "iFind" Bluetooth 4.0 tracking tag. Nothing new about such tags (there are many crowdfunded examples; some have delivered, some have disappointed), but this one claims it doesn't require any batteries — it harvests its energy from electromagnetic emissions (wifi, cell towers, TV signals, etc). The creators have posted no evidence other than some slick Photoshop work, an obviously faked video, some easily disproven data, and classic bad science. So far they've picked up half a million in pledges. With six days to go until they walk off with the money, skeptics abound (10min in) including some excellent dissections of their claims. The creators have yet to post even a single photo of the magical device, instead posting empty platitudes and claims that such secrecy is necessary to protect their IP. Using just their published figures, their claims are readily refuted, yet still backers flock in. Kickstarter appear uninterested in what can only be described as a slow-motion bank robbery, despite their basic requirement to demonstrate a prototype. It seems self-evident that such scams should not be allowed to propagate on Kickstarter, for the good of other genuine projects and the community at large. Skeptics are maintaining a Google Doc with many of the highlights of the action. Bring your own popcorn and enjoy the show."

Read more of this story at Slashdot.








Categories: news

$500k "Energy-Harvesting" Kickstarter Scam Unfolding Right Now

Slashdot - Tue, 2014-06-24 07:03
New submitter FryingLizard (512858) writes For a while I've been following the saga of the Kickstarter "iFind" Bluetooth 4.0 tracking tag. Nothing new about such tags (there are many crowdfunded examples; some have delivered, some have disappointed), but this one claims it doesn't require any batteries — it harvests its energy from electromagnetic emissions (wifi, cell towers, TV signals, etc). The creators have posted no evidence other than some slick Photoshop work, an obviously faked video, some easily disproven data, and classic bad science. So far they've picked up half a million in pledges. With six days to go until they walk off with the money, skeptics abound (10min in) including some excellent dissections of their claims. The creators have yet to post even a single photo of the magical device, instead posting empty platitudes and claims that such secrecy is necessary to protect their IP. Using just their published figures, their claims are readily refuted, yet still backers flock in. Kickstarter appear uninterested in what can only be described as a slow-motion bank robbery, despite their basic requirement to demonstrate a prototype. It seems self-evident that such scams should not be allowed to propagate on Kickstarter, for the good of other genuine projects and the community at large. Skeptics are maintaining a Google Doc with many of the highlights of the action. Bring your own popcorn and enjoy the show."

Read more of this story at Slashdot.








Categories: news

F1 racing ace Michael Schumacher's medical records <i>were</i> pinched

The Register - Tue, 2014-06-24 07:02
We'll go after whoever's offering to sell them – Schumi's team

Michael Schumacher's stolen "medical records" are being offered for sale.‬…

Categories: news

5 Free Tools for Compliance Management

Linux Today - Tue, 2014-06-24 07:00

eSecurityPlanet: Most IT pros consider compliance a hassle. Yet the tools of compliance can empower security technologies and simplify risk management. Better yet, some of those tools are free.

Categories: linux, news, open source

Chipper chipmaker Micron shows off boosted bottom line – gee, thanks, Elpida

The Register - Tue, 2014-06-24 06:39
Colllaborating with Chipzilla on stacked silicon beauty

Analysis Memory chipmaker Micron Technology – still riding high on the announcement that its on-package memory will bolster Intel's "Knights Landing" processor – has announced what appear to be cheery results today.…

Categories: news

Labour vows: We'll pause one-dole-to-rule-them-all for drastic fix-up if elected in 2015

The Register - Tue, 2014-06-24 06:18
Shadow work minister tells gov: 'Don't wait for us, act now'

The Labour Party has promised to put the brakes on the deeply troubled Universal Credit system for three months if it gets into government next year.…

Categories: news

iFind: Critics slam Kickstarter campaign for miraculous battery-free phone finder

The Register - Tue, 2014-06-24 06:01
Sounds too good to be true...

As the old saying goes: if it sounds too good to be true, it probably is. It remains to be seen if that adage applies to iFind - hailed as "The World's First Battery Free Item Locating Tag".…

Categories: news

9 ASCII Games You'll Want to Play Again and Again

Linux Today - Tue, 2014-06-24 06:00

 LinuxLinks: Text-based games often receive little coverage in the Linux press.

Categories: linux, news, open source

Russian parliament to revoke resolution on intervention in Ukraine: Interfax

Reuters: Technology - Tue, 2014-06-24 05:46
MOSCOW (Reuters) - The upper house of Russia's parliament, the Federation Council, will on Wednesday revoke a resolution authorizing military intervention in Ukraine at President Vladimir Putin's request, the Interfax agency reported, citing the deputy head of the chamber's international affairs committee, Andrei Klimov.
Categories: news

Should you entrust your systems management to the cloud?

The Register - Tue, 2014-06-24 05:38
Balancing the risks

Cloud-based security and systems management (CSSM) applications have been going through my lab for testing lately and I find myself seriously weighing their use in production.…

Categories: news

Google mulls splashing MEEELLIONS on laying fat pipe in watery depths

The Register - Tue, 2014-06-24 05:17
Undersea cable to embiggen bandwidth for private data stash

Google is mulling over splashing some of its cash on a new, multimillion-dollar undersea cable for its private network.…

Categories: news

Fearful of the drone-filled skies? Get some protection

The Register - Tue, 2014-06-24 05:03
No, not a shotgun, but a 'Personal Drone Detection System'

Those fearful of a future where the skies are darkened by swarms of camera-bearing drones peering over their garden fences and peeking through their bedroom windows should proceed directly to Kickstarter and the "Personal Drone Detection System".…

Categories: news

SEA hacks Reuters website widget DESPITE 2FA security

The Register - Tue, 2014-06-24 04:32
Ad agency Taboola unwittingly provides backdoor for attackers

Hacktivists with the Syrian Electronic Army have hit news agency Reuters again.…

Categories: news

Exclusive: Iran seeks to resolve HSBC freeze on some trade financing - sources

Reuters: Technology - Tue, 2014-06-24 04:27
LONDON/ANKARA (Reuters) - Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar with the trades told Reuters.






Categories: news

Mozilla Introduces Browser-Based WebIDE

Slashdot - Tue, 2014-06-24 04:06
mpicpp (3454017) writes with word that Mozilla released a full development environment integrated into Firefox (available now in nightly builds). From the announcement: Developers tell us that they are not sure how to start app development on the Web, with so many different tools and templates that they need to download from a variety of different sources. We’re solving that problem with WebIDE, built directly into Firefox. Instead of starting from zero we provide you with a functioning blueprint app with the click of a button. You then have all the tools you need to start creating your own app based on a solid foundation. WebIDE helps you create, edit, and test a new Web application right from your browser. It lets you install and test apps on Firefox OS devices and simulators and integrates the Firefox Developer Tools for seamless debugging and inspection across those devices. This is a first step towards debugging across various platforms and devices over WiFi using open remote debugging APIs. The default editor is based on CodeMirror, but the protocol for interacting with the IDE is open and support for other editors (Emacs anyone?) should appear soon.

Read more of this story at Slashdot.








Categories: news

EU copyright chief: We could SMASH these infinite copyright contracts... just wait

The Register - Tue, 2014-06-24 04:02
'No great upheavals' just yet, says Martin-Prat

Europe's competition authority could open up an examination of unfair copyright contracts, according to the region's copyright chief.…

Categories: news

E-cigarettes could stub out tobacco bonds sooner than thought

Reuters: Technology - Tue, 2014-06-24 03:35
NEW YORK (Reuters) - The rapid growth of electronic cigarette sales poses a rising but under-appreciated risk to holders of as much as $96 billion of bonds tied to payments tobacco companies make to U.S. states from a sweeping legal settlement in 1998.






Categories: news

Bangladesh Islamist party chief war crimes verdict postponed

Reuters: Technology - Tue, 2014-06-24 03:31
DHAKA (Reuters) - A Bangladeshi war crimes tribunal deferred its verdict on an Islamist party chief already sentenced to death in a separate case on Tuesday because he is sick, lawyers said.
Categories: news

Backup bods Acronis extend disk-imaging support to Macs at last

The Register - Tue, 2014-06-24 03:31
Fear not, fanbois, the goodness is coming to you too

Data protection house Acronis is announcing True Image for Mac (TIM - our acronym), the Apple equivalent of its True Image for Windows backup and recovery software.…

Categories: news