fraud Archives

fraud

Researchers Sidestep Paypal Two-Factor Authentication

June 25, 2014 Paul Roberts

Researchers at DUO Security claim to have found a way of bypassing a two factor authentication feature that secures logins to Paypal.com, eBay’s online payment service. The vulnerability could allow an attacker who has stolen a Paypal customer’s user name and password to gain access to the account, even though the customer had enabled the more secure two-factor authentication option. DUO described the problem in a blog post early Wednesday. According to researcher Zach Lanier, Paypal has published an API (application program interface) for its Security Key two-factor authentication technology that contains a vulnerability that would allow even a non-technical hacker to bypass the second factor when accessing a Paypal customer’s account. An attacker only needs a victim’s PayPal username and password in order to access a two-factor protected account and send money. “The protection offered by the two-factor Security Key mechanism can be bypassed and essentially nullified,” the company wrote in […]

Wired Imagines Our Dystopian Connected Home Future

June 16, 2014 Paul Roberts

Over at Wired.com, the ever-provocative Matt Honan has a great little thought exercise on the “nightmare” that could come from connected home technology gone wrong. His piece, The Nightmare on Connected Home Street, is a first person narrative of a man who wakes up to discover he’s transformed into a cockroach inhabiting a virus infected home. “Technically it’s malware. But there’s no patch yet, and pretty much everyone’s got it. Homes up and down the block are lit up, even at this early hour. Thankfully this one is fairly benign. It sets off the alarm with music I blacklisted decades ago on Pandora. It takes a picture of me as I get out of the shower every morning and uploads it to Facebook. No big deal.” The story goes on to chronicle some of the other dystopian features of connected home malware – the hacked “Dropcam Total Home Immersion” account that […]

FTC Wants To Be Top Cop On Geolocation

June 5, 2014 Paul Roberts

The Federal Trade Commission (FTC) is asking Congress to make it the chief rule maker and enforcer of policies for the collection and sharing of geolocation information, according to testimony this week. Jessica Rich, Director of the FTC Bureau of Consumer Protection, told the Senate Judiciary Committee’s Subcommittee for Privacy, Technology that the Commission would like to see changes to the wording of the Location Privacy Protection Act of 2014 (LPPA), draft legislation designed to spell out consumer protections pertaining to the location data. Rich said that the FTC, as the U.S. Government’s leading privacy enforcement agency, should be given rule making and enforcement authority for the civil provisions of the LPPA. The current draft of the law instead gives that authority to the Department of Justice (DOJ). The LPPA legislation (PDF) was proposed in March by Sen. Al Franken, and co-sponsored by Senators Coons (D-DE) and Warren (D-MA). It proposes updating the Electronic Communications […]

This Week In Security: Ebay’s School of Hard Knocks

June 1, 2014 Paul Roberts

It’s the end of another busy week in the security world. As we’re wont to do at The Security Ledger, we had DUO Security Evangelist Mark Stanislav in to the deluxe Security Ledger Studios to talk about the events of the week. On the agenda this week: the continued fallout from the hack of online auction giant eBay. The company ran into a thicket of criticism this week for the breach and its botched response. Despite knowing about the security breach for weeks, eBay seemed unprepared for the fallout once the news became public. Beyond its statements to the press, the company hadn’t taken steps to streamline the (inevitable) flood of customers who wanted to update their password. In fact, more than a day after the news broke, eBay still hadn’t made mention of it on their home page. What lessons can we learn from the breach at online auction […]

iPhone and iPad Hijacking: What You Need To Know

May 28, 2014 Paul Roberts

The past 24 hours has seen a spate of stories warning about a spate of ‘ransomware’ attacks on iPhones and iPads – especially in the the UK and Australia. According to the reports, compromised devices are locked and owners are instructed to email a ransom (variously: $100, $50, €100) to one “Oleg Pliss” to have their devices unlocked. These attacks aren’t really news. In fact, the Oleg Pliss scam appears to have been circulating for close to six months. However, it’s worthwhile reviewing what we do (and don’t) know about these latest attacks on mobile devices. Accordingly, Security Ledger has put together a short FAQ that tells you what you need to know about the latest mobile scam, and to dispel some of the rumors floating around in the Internet ether. What’s Going On? According to news reports and complaints on Apple Support forums, owners of iPhones and iPads are having their devices locked. […]