Bitcoin scams steal at least $11 million in virtual deposits from unsuspecting customers

Economics & Statistics

Bitcoin scams steal at least $11 million in virtual deposits from unsuspecting customers

bitcoin, fraud, scams, SMU, Tyler MooreAt least $11 million in bitcoin deposits have been stolen from unsuspecting cyber customers over the past four years, according to new cyber security research from Southern Methodist University. Bitcoin is the digital world’s most popular virtual currency. In the first empirical study of its kind, SMU researchers found that hucksters use schemes that pose as legitimate web-based financial outlets to lure customers and heist deposits.

KERA: Bitcoin — Behind The Cryptocurrency Curtain

Bitcoin, KERA, Tyler Moore, SMU, ponzi schemeKERA Public Radio journalist Justin Martin tapped the expertise of SMU Bitcoin and cybersecurity expert Tyler W. Moore, an assistant professor of computer science in the Lyle School of Engineering. An expert on the digital currency Bitcoin, Moore's expertise draws in part on his research surrounding Bitcoin, the exchanges that trade in the currency and patterns of online usage. One of Moore's studies found that online money exchanges that trade hard currency for the rapidly emerging cyber money have a 45 percent chance of failing — often taking their customers’ money with them.

The Economist: Goldilocks nationalism

Economist, SMU, Economics, Klaus DesmetThe Economist's "Free Exchange" column covered the research of SMU economist Klaus Desmet as part of a larger examination of the ideal size of nations from an economic perspective and within the context of Scotland's recent vote on the question of independence. The article, "Goldilocks nationalism," published Sept. 27.

The Atlantic: Can a Nation’s Soil Explain Its Economic Fortunes?

Omer Ozak, SMU, agriculture, soil, economicsJournalist Joe Pinsker with The Atlantic covered the research of SMU economist Ömer Özak about the association between cultures that value long-term payoffs and their ancient history of successful crop yields. Pinsker's story, "Can a Nation's Soil Explain Its Economic Fortunes?" published Sept. 17.

Dallas Morning News: Until bitcoin has oversight, it’s a volatile uncertainty

Mt. Gox CEO Mark Karpeles. (Credit: Associated Press)Journalist Will Deener with The Dallas Morning News tapped the expertise of SMU Bitcoin and cybersecurity expert Tyler W. Moore, an assistant professor of computer science in the Lyle School of Engineering. Moore's expertise draws in part on his research that found that online money exchanges that trade hard currency for the rapidly emerging cyber money known as Bitcoin have a 45 percent chance of failing — often taking their customers’ money with them.

Women have made strides for equality in society, but gender gap still exists in art museum directorships

SMU, Cox, Gender Gap, MuseumsThe Association of Art Museum Directors and the National Center for Arts Research at Southern Methodist University have released findings from a research study designed to understand the gender gap in art museum directorships and to explore potential factors to help the association's member institutions advance toward greater gender equality.

Wall Street’s short sellers wrongly maligned — detected red flags ahead of US financial crisis

Numerous U.S. banks failed during the recent financial crisis — and more would have, absent governmental intervention, says short-selling expert Hemang Desai, an SMU professor. New research from Desai suggests short sellers were sensitive to the leading indicators of the crisis, and were the first to react, ahead of equity analysts, ratings agencies and auditors.

USA Today: Bitcoin tumbles after China crackdown

Bitcoin Tyler Moore SMU USA TodayJournalists Alistair Barr and Kim Hjelmgaard with USA Today tapped the expertise of SMU Bitcoin and cybersecurity expert Tyler W. Moore, an assistant professor of computer science in the Lyle School of Engineering. Moore's expertise draws in part on his research that found that online money exchanges that trade hard currency for the rapidly emerging cyber money known as Bitcoin have a 45 percent chance of failing — often taking their customers’ money with them.

A director’s skills, experiences and workload drive their compensation, study finds

Linck Cox SMU board compensationMystique shrouds the activities surrounding the board of directors. Today directors serving on boards are paid quite handsomely. But what functions do they perform for their rewards? In a first-of-its-kind paper, SMU Cox Distinguished Finance Professor James Linck, with Viktar Fedaseyeu and Hannes Wagner, analyze directors — who they are, what they do and how much they are paid.

2016-10-17T16:58:30+00:00 December 17, 2013|Categories: Culture, Society & Family, Economics & Statistics|Tags: , |
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