Fraud

Obama Signing

U.S. Sanctions 10 For Sony Hack, Keeps Mum on Evidence

  As the New York Times reports, the Obama administration doubled down on its recent allegation that the Democratic Peoples Republic of North Korea (DPRK) was behind the hacking of Sony Pictures, announcing sanctions on 10 senior North Korean officials and several organizations in response to the incident. Paradoxically, the administration acknowledged that there is no evidence that the 10 officials took part in either ordering or planning the Sony attack. Instead, they described them as “central to a number of provocative actions against the United States,” the Times reported. Those ‘provocative actions’ were not described. The actions mirror the Administration’s controversial decision, in May, to charge five Chinese military officers in May, 2014, for their connection to computer hacking and cyber espionage campaigns directed at U.S. firms in the nuclear power, metals and solar products industries. In the case of the Chinese nationals, however, the FBI cited evidence linking the five military officers to […]

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Cyberattack Inflicts Massive Damage on German Steel Factory

  A report released this week from Germany’s Federal Office for Information Security said that a German steel manufacturing plant was severely damaged by a cyber-physical attack this year. The incident was mentioned in an annual report by the Bundesamt für Sicherheit in der Informationstechnik (or BSI), which provided a summary of cyber security issues and incidents affecting Germany. According to the report, a German steel manufacturing facility was the victim of a “targeted attack” that the report labeled an “APT” or “advanced persistent threat” style attack.  [Read more Security Ledger coverage of APT-style attacks.] The attackers used a sophisticated spear-phishing e-mail and social engineering to get access to the office network at the steelworks, the report claims. “From there, they worked successively to production networks.” The malicious code disrupted the function of control system components that led to a blast furnace not being able to be turned off in a regulated fashion. “The result (was) massive damage […]

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Retail Breach - Who is Next?

Retailers Demanding Federal Action on Data Breach

Add retailers to the chorus of voices calling for federal legislation on cyber security and data protection. In an unusual move, retail groups from across the U.S. sent a letter to Congressional leaders that urged them to pass federal data protection legislation that sets clear rules for businesses serving consumers. The letter, dated November 6, was addressed to the majority and minority party leaders of the U.S. Senate and the House of Representatives and signed by 44 state and national organizations representing retailers, including the National Retail Federation, the National Grocers Association, the National Restaurant Association and the National Association of Chain Drug Stores, among others.   “The recent spate of news stories about data security incidents raises concerns for all American consumers and for the businesses with which they frequently interact,” the letter reads. “A single federal law applying to all breached entities would ensure clear, concise and consistent notices to all […]

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Study Reveals (Sad) Psychology of Facebook Scam Victims

Bad is good enough, according to a study of over 850,000 Facebook scams by the antivirus software provider Bitdefender. (PDF version of the report is here.) The two-year study of Facebook scams in the UK, the US and Europe found that a short list of lame, repackaged tricks are a well that never runs dry: fooling Facebook users by playing on their curiosity, vanity or naiveté.   Almost half of social media e-threats prey on users’ curiosity. Far and away the top category of scam on Facebook  are ‘profile view’ scams that offer Facebook users the ability to see who has viewed their profile. That ruse accounted for 45% of all scams on the 1 billion strong social network. The scam has been linked to malicious software downloads – often in the form of browser ‘plug-ins’ that promise to reveal Facebook profile views. It works well because it plays on Facebook users curiosity […]

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Customer Support A Weak Link In Two Factor | Ars Technica

Ars Technica has an interesting write-up on an apparently successful compromise of Google’s two-factor authentication technology. Though in this case, the culprit wasn’t any system Google deployed or managed, but a gullible customer support representative working for the victim’s cell phone carrier. According to this post over at Facebook-for-hipsters site Ello.co, Grant Blakeman woke up on a recent Saturday morning to find that his Google account had been hijacked – despite the fact that he used Google’s two-factor authentication to protect access to the account. How? Blakeman enlisted the help of none-other than Mat Honan, whose own struggles with account hijacking became the subject of a much-cited Wired feature article. As with Honan, Blakeman’s valuable three-character Instagram account, @gb, appears to have been the lure for hackers. (Honan’s @mat Twitter account was what lured his attackers.) Read “Researchers sidestep Paypal Two-Factor Authentication.” After a conversation with Honan, Blakeman contacted his cell provider and […]

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