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The Internet of Things: Legal Woes for CIOs | CIO

Stephanie Overby over at CIOs  has an interesting piece today on the legal pitfalls that Internet of Things adoption may hold for chief information officers (CIOs). While the prospect of more, intelligent devices holds great promise for organizations across the economy, Overby notes that there are also risks – especially when it comes to the wholesale harvesting of customer data. “Many of the legal issues are not well understood even by sophisticated privacy practitioners,” the article quotes Christopher Wolf, a partner at the law firm Hogan Lovells saying. “In the world of sensors rather than computer screens, the legal issues are challenging.” CIOs are advised to consider “self-regulating” around issues like privacy, security and consent, to stay on the right side of the evolving law. CIOs should scrutinize every decision to collect user information and ask whether the benefits to collecting the data outweigh the potential costs, especially in the event of […]

Report: AdWords Fraudbot Helps E-Commerce Firms Compete

One of the more interesting stories to come out this week is from Brian Krebs over at Krebsonsecurity.com. Writing on Friday, Krebs used his prodigious knowledge of the cyber underground to profile “GoodGoogle,”  one of a growing number of specialized online fraud services that helps e-commerce firms target competitors by gaming Google’s AdWords feature. As you probably know, AdWords are one of Google’s biggest sources of revenue. They allow companies with products or services to sell to “bid” on words or phrases (like “Internet of Things”). Users who search on those terms will see hyperlinked ads to the right of their search results that link to a site of the advertiser’s choosing. Advertisers pay a premium to own popular (and lucrative) keywords – more than $40 per click for keywords like “loan,” “insurance,” “mortgage” or “attorney” depending on the word and time of day. Typically, advertisers set a certain daily budget […]

The Security Ledger podcast

This Week In Security: Poking Holes In Two Factor Authentication

Podcast: Play in new window | Download () | EmbedSubscribe: Apple Podcasts | Android | Email | Google Podcasts | Stitcher | TuneIn | RSS | https://www.securityledger.com/subscribeIt was another busy week in the security world. There was big news on the legal front, as The U.S. Supreme Court took steps to protect the data stored on mobile devices from warrantless searches by police. (That’s good news.) But the week also plenty of concerning stories about the security of data stored on mobile phones, tablets and the like. One of the stories that gained a lot of attention was DUO Security’s report on a flaw in PayPal’s two factor authentication feature that could expose the accounts of  security-conscious PayPal users. As The Security Ledger reported, DUO researcher Zach Lanier discovered a flaw in mobile APIs published by PayPal that would allow anyone with a valid PayPal user name and password to […]

Paypal Disables Two Factor From Mobile

In the wake of a disclosure, yesterday, that a secure log-in feature was vulnerable to hacking, PayPal has suspended the ability of customers who elect to use the feature to log in to PayPal using the company’s mobile application. In a blog post on Wednesday, PayPal Director of Global Initiatives Anuj Nayar said that the company took the step of disabling mobile application log ins after the researcher, Zach Lanier of DUO Security, published his findings in a blog post yesterday. As reported by The Security Ledger, researcher Zach Lanier of DUO Labs discovered that a PayPal mobile API (application program interface) for its Security Key two-factor authentication technology contains a vulnerability that would allow even a non-technical hacker to bypass the second factor when accessing a Paypal customer’s account. The problem comes up when trying to access a Paypal account protected using two-factor authentication using a PayPal mobile application – […]

Researchers Sidestep Paypal Two-Factor Authentication

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 […]