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Category: Business Sector

Why Rewards for Loyal Spenders Are ‘a Honey Pot for Hackers’

Posted on May 11, 2019 by Dissent

Tiffany Hsu reports: The punch cards stuffed in your wallet know next to nothing about you, except maybe how many frozen yogurts you still need to buy to get a free one. But loyalty programs, as they shift from paper and plastic to apps and websites, are increasingly tracking a currency that can be more…

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Turkish watchdog fines Facebook over data breach

Posted on May 10, 2019 by Dissent

The Daily Sabah reports: Turkey’s Personal Data Protection Authority (KVKK) issued a 1,650,000 Turkish lira ($270,000) administrative fine against social media platform Facebook over data breach and failure to report the issue to authorities. The watchdog launched a direct investigation against Facebook over Engineering Director Tomer Bar’s statement released on Dec. 14, 2018 over an…

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Ongoing Attack Stealing Credit Cards From Over A Hundred Shopping Sites

Posted on May 8, 2019 by Dissent

Swati Khandelwal reports: Researchers from Chinese cybersecurity firm Qihoo 360’s NetLab have revealed details of an ongoing credit card hacking campaign that is currently stealing payment card information of customers visiting more than 105 e-commerce websites. While monitoring a malicious domain, www.magento-analytics[.]com, for over last seven months, researchers found that the attackers have been injecting…

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Hackers Withdraw 7,000 Bitcoins in Binance Crypto Exchange Security Breach

Posted on May 7, 2019 by Dissent

Aaron Wood reports: Binance, one of the largest cryptocurrency exchanges by daily trade volume, has experienced a major security breach on May 7, according to a statement shared with Cointelegraph on May 7. Per Binance, hackers employed a variety of tactics including phishing and viruses to obtain a large number of 2FA codes and API…

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Freedom Mobile server leak exposed customer data

Posted on May 7, 2019 by Dissent

Zack Whittaker reports: A security lapse at Canada’s fourth largest cell network Freedom Mobile exposed customer data. Security researchers Noam Rotem and Ran Locar found an Elasticsearch server leaking five million logs containing customer data. The server wasn’t protected with a password, allowing anyone to access the data. Rotem and Locar, who shared their findings…

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Indiana sues Equifax over massive 2017 data breach

Posted on May 7, 2019 by Dissent

WANE reports: The state of Indiana has sued credit bureau Equifax for a 2017 data breach that left 147.9 million Americas, including 3.9 million Hoosiers, compromised. […]The state argued in its lawsuit that Equifax used cost-cutting measures like outsourcing mission-critical systems. The company failed to improve security and instead chose to increase revenue, the lawsuit…

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