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Industry News: ESG5

More than 110,000 Australians Caught up In September's Facebook Cyber-attack

2019-03-26

TheGuardian: The detailed personal information of more than 60,000 Australians was exposed in a massive cyber-attack on Facebook last year, giving hackers the ability to access their movements, hometown, search history, email and phone number. Internal documents reveal the attack on Facebook in September last year affected an estimated 111,813 Australians, among roughly 29 million worldwide...

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Ukrainian Man Faces up to 6 Years in Jail for Cryptojacking on his own Websites

2019-03-27

Cointelegraph: Ukraine’s Cyber Police have arrested a man who allegedly placed crypto mining malware scripts on his own websites, local law enforcement reported on March 26. The cyber crime unit of the national police of Ukraine arrested a 32-year-old man from the Bukovina region who allegedly placed cryptojacking software on a number of educational websites that he created and administered. The unspecified websites and internet resources had 1.5 million monthly visitors, the police reported...

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Council Staff Caught Out By Fake Phishing Emails to Test Cyber Security

2019-03-26

Chichester: Members of the regulation, audit & accounts committee were told on Monday that, in order to assess weak points within the council’s cyber defence, a variety of emails were sent to 886 staff. The messages, which were sent by a third party, included offers for cheap pizza and free iPhones. Another told them they needed to change their bank details, while another claimed to be from the council itself and told them they needed to reset their work passwords...

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Know Your Breach: Facebook

The target: Social media giant Facebook.

The take: Passwords for between 200 and 600 million user accounts.

The attack vector: Passwords were stored in plaintext on internal systems dating back to 2012 and were accessible to more than 20,000 Facebook employees. Access logs show that at least 2,000 engineers or developers made approximately 9 million internal queries for datasets that contained plain text user passwords.

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Nordic Metals Firm Hydro Restoring Systems After Cyber Attack

2019-03-17

BusinessInsider: A prominent Silicon Valley investor and Facebook board member has denied claims that he met with a Cambridge Analytica representative as early as 2016. The Observer reported that Marc Andreessen, a founding partner at VC firm Andreessen Horowitz and current Facebook board member, hosted a meeting with former Cambridge Analytica employee Chris Wylie over concerns about the way the political consultancy was manipulating people's data...

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A Facebook Board Member Denied Claims he Met the Cambridge Analytica Whistleblower 2 years Before the Scandal Exploded

2019-03-17

BusinessInsider: A prominent Silicon Valley investor and Facebook board member has denied claims that he met with a Cambridge Analytica representative as early as 2016. The Observer reported that Marc Andreessen, a founding partner at VC firm Andreessen Horowitz and current Facebook board member, hosted a meeting with former Cambridge Analytica employee Chris Wylie over concerns about the way the political consultancy was manipulating people's data...

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JPMorgan Hack Suspect is Helping the US; Here’s What He May Offer

2019-03-17

BusinessStandard: He’s the accused mastermind of one of the biggest hacks ever. He and his crew allegedly pilfered information from more than 80 million JPMorgan Chase & Co. clients and ran online gambling, stock manipulation and money laundering schemes around the world. Gery Shalon, charged with those crimes four years ago, has rarely appeared in court since he was extradited to the US. Now it’s clear why: Shalon is helping US authorities, according to people familiar with the matter...

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UK Cyber-Security Efforts Criticised by Audit Office

2019-03-15

BBC: The warning came in a National Audit Office (NAO) assessment of the UK's national cyber-defence plan. The government is increasingly worried that these essential sectors will be targeted by foreign states seeking to disrupt UK life. Modern life was now "totally dependent" on cyber-security, said one expert...

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How Criminals are Using the Low-interest Credit Card Scam to Steal your Identity

2019-03-19

CBC: It starts with what sounds like a promising phone call: For a one-time fee, you can lower the interest rate on your credit card. But the person on the other end of the line isn't with your bank or credit card company: They're a fraudster, looking to cash in on a common frustration.And what they're really after is your identity...

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How Ad Fraud Just Became a Lot More Scary for Advertisers

2019-03-19

FourthSource: Marketers have turned on the taps with unprecedented online spending. eMarketer reports that for the first time digital ad spending in the US will exceed traditional ad spending, while by 2023, digital will surpass two-thirds of total media spending. The big winners are being crowned — not least Google (responsible for 38% of digital online spending); Facebook (21%) and rising star Amazon (7%)...

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