The great hack: A famous fraudster explains the Equifax data breach

Hackers look for open doors. If your personal data isn't protected, it's that much easier to compromise your identity.

  • Legendary con-man-turned-FBI-consultant Frank W. Abagnale breaks down the 2017 Equifax data breach.
  • Hackers were able to access the personal data of millions of Americans through faulty software — and they might wait years before using the stolen social security numbers and dates of birth.
  • Abagnale blames Equifax for this oversight. If a company is entrusted with an individual's personal data they need to do a better job of protecting it. "Hackers don't cause breaches, people do," he says.
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Outer space capitalism: The legal and technical challenges facing the private space industry

The private sector may need the Outer Space Treaty to be updated before it can make any claims to celestial bodies or their resources.

  • The Outer Space Treaty, which was signed in 1967, is the basis of international space law. Its regulations set out what nations can and cannot do, in terms of colonization and enterprise in space.
  • One major stipulation of the treaty is that no nation can individually claim or colonize any part of the universe—when the US planted a flag on the Moon in 1969, it took great pains to ensure the world it was symbolic, not an act of claiming territory.
  • Essentially to do anything in space, as a private enterprise, you have to be able to make money. When it comes to asteroid mining, for instance, it would be "astronomically" expensive to set up such an industry. The only way to get around this would be if the resources being extracted were so rare you could sell them for a fortune on Earth.
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The hackable technology that worries even a legendary con man

Before we release new technology into the ether, we need to make safeguards so that bad actors can't misuse them.

  • Right now cybercrime is basically a financial crime — it's a business of stealing people's money or stealing their data. Data has value.
  • We develop a lot of technology — we need to always ask the question how the new innovation can be misused and make safeguards so that it cannot be done.
  • Because we currently don't do these things, we have hackable vehicles, pacemakers, and laptops.
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How to outsmart a scam: Strategies from a legendary con man

Frank W. Abagnale says scammers don't discriminate — here's what you can do to protect yourself.

  • In today's world, anyone can be targeted by scams -- even famous con man Frank W. Abagnale. For this reason he shares his top advice for protecting yourself against fraud.
  • When receiving a suspicious call, be aware of the two major red flags of immediacy and info-sharing. Is the person asking for money, and they need it right now? Does the person want sensitive personal information like a social security number or date of birth? If the answer to either of those questions is yes, it's probably a scam.
  • Scammers obtain much of their info from a victim's social media accounts. Caution is key for prevention, and education is the most powerful tool in outsmarting this type of crime.
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  • Bitcoin has long been the king of the cryptocurrency market.
  • New coins and tokens have shaken up the status quo with unique use cases and innovations.
  • Bitcoin has responded with its own improvements, leading to a healthier market.
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