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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...
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.
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...
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...
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...
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...
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...
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%)...
ZdNet: Banking Trojans are popular in cybercriminal schemes given the valuable data and financial service credentials they can steal in successful cyberattacks. Banks find themselves a constant target for relentless attacks against their apps and infrastructure. Their names, too, are abused by threat actors which use them in phishing campaigns and through copycat malicious domains designed to dupe customers into handing over their account credentials...
The target: Cathay Pacific Airlines, a Hong Kong airline.
The take: Personal information including names, dates of birth, addresses, and some passport numbers and e-mail address for 9.4 million clients.
The attack vector: It’s believed that vulnerabilities were discovered and exploited due to poor planning and a failure to adapt security practices and postures during a transition from legacy IT systems to cloud-based infrastructure.
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