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Award-Winning Smart Lock Can be Hacked in Seconds, Researchers Say

Award-Winning Smart Lock Can be Hacked in Seconds, Researchers Say

Security expert Andrew Tierney from Pen Test Partners (PTP) recently revealed in a blog post that he was able to unlock a high-tech fingerprint-secured padlock using a smartphone. Tierney said that it took him 45 minutes to figure out how to hack the Tapplock which he was able to unlock in just 2 seconds. He added that lock’s software was not able to adequately secure the data it broadcasts, leaving it vulnerable to several “trivial” attacks. In response to the discovery, the lock company said that it will be issuing a software update to address the issue and advised customers […]

Hackers with NoKor Ties Hit South Korean Think Tank with Zero-Day Flaw

Hackers with NoKor Ties Hit South Korean Think Tank with Zero-Day Flaw

North Korean hackers had reportedly attacked South Korea’s Sejong Institute with an ActiveX zero-day vulnerability to deliver a backdoor malware on the systems of the non-profit think tank. The flaw was discovered in May on one of the think tank’s website AhnLab, a South Korean cybersecurity company. Researchers say that the attack was carried out by the Andariel Group, an offshoot of Lazarus which is known to have ties with North Korea. The malware was said to have been used to compromise a Taiwanese bank’s SWIFT financial communications system to move funds from an overseas accounts. Source: ZDNet

Toyota Pumps $1 Billion Investment Into Grab

Toyota Pumps $1 Billion Investment Into Grab

Southeast-Asian ride-hailing firm Grab announced this week that it will be getting $1 million in fresh investment from Japan’s Toyota Motors to expand their partnership and explore new strategies for the region. It was also revealed that a Toyota executive will be appointed to Grab’s board of directors and a team member will be elevated to an executive position in the Singapore-based company. Grab adds that the investment will allow Toyota to integrate services such as user-based insurance and predictive maintenance with them which may serve as an incentive for drivers to drive more safely to to lower their insurance […]

Australia Funds Pacific Undersea Cable to Block China

Australia Funds Pacific Undersea Cable to Block China

Australia had reportedly agreed last Wednesday to fund the laying of underwater internet cables and a cyber security center for the Solomon Islands, blocking plans by Chinese telecom giant Huawei Technologies Co Ltd. who was originally contracted to complete the project. It is said that Australia deliberately stepped in due to security concerns posed by the involvement of Huawei. Australian Foreign Minister Julie Bishop told the media that while she will not elaborate on the issue, she confirmed that the Solomon Islands had already agreed to their deal which was cheaper. However, a A Huawei spokesperson said that they were […]

Amazon AI to Restore Recognition to Memory Loss Patients

Amazon AI to Restore Recognition to Memory Loss Patients

Veteran software engineer Sachin Solkhan recently revealed that he was able to build a system that records user experiences to enable recognition using Amazon’s DeepLens. DeepLens, which is the Amazon counterpart of Google’s Clips “smart” camera, is a developer-focused artificial intelligence technology that makes it easier for the camera to do things like recognize objects or characters that appear in a video stream. Solkhan says DeepLens system may be able to help memory loss patients by storing photographs and names of their friends and family in Amazon’s cloud service. The camera would then record interactions which the AI would learn […]

74 Email Fraudsters Arrested by FBI

74 Email Fraudsters Arrested by FBI

The US Department of Justice announced last Monday that 74 fraudsters, 42 of which are from the US, have been arrested for conducting “business email compromise” schemes to steal millions from both businesses and individuals. The fraudsters, soma hailing from Nigeria, Canada, Mauritius, and Poland, were caught through Operation Wire Wire where the FBI also seized $2.4 million and blocked and recovered a total of $14 million in fraudulent wire transfers. The operation also involved the efforts of the US Department of Homeland Security, the US Treasury, and the US Postal Inspection Service.   Source: ZDNet

Vietnam Tightens Grip on Tech Giants with New Cybersecurity Law

Vietnam Tightens Grip on Tech Giants with New Cybersecurity Law

Vietnamese regulators approved last Tuesday a cybersecurity law that would put further pressure on internet and global tech companies operating in the communist country. The law, which will take effect on Jan. 1, 2019, will require global firms such as Facebook and Google to other global technology firms to store personal data on users in Vietnam and open offices there. However, a number of protesters criticized the cybersecurity bill which according to experts and activists could cause economic harm and stifle online dissent. Amnesty International likewise said the law was a “devastating blow” for freedom of expression which can be […]

Facebook Users Now Allowed to Review Business Advertisers

Facebook Users Now Allowed to Review Business Advertisers

Facebook announced this week that users will now be allowed to review businesses that advertise on the social network and possibly ban those that receive the most negative feedback. Facebook’s latest move seeks to crack down on businesses that mislead users into buying low quality goods or services, or those that fail to deliver products in their stated shipping time. Businesses that receive the most negative feedback may be put at risk of getting banned. Advertisers however, will be given a chance to improve before being banned. This might include a reduction in the amount of ads that the business […]

Customer Data Possibly Accessed Externally in PageUp Breach

Customer Data Possibly Accessed Externally in PageUp Breach

SaaS HR provider PageUp, who has recently been hit by a malware attack, said that there is a possibility that data such as names, street addresses, email addresses, and telephone numbers of its clients may have been accessed externally. Forensic investigators said they found evidence of access by an unauthorized person, and while the incident has already been contained, some data may still be at risk. However, the company says that employment contracts, applicant resumes, Australian tax file numbers, credit card information, or bank account information were not affected. The data contained in their onboarding, performance, learning, compensation, or succession […]

Tech Giants Anxiously Await India’s Draft of Data Rules

Tech Giants Anxiously Await India’s Draft of Data Rules

Tech giants such as Google, Facebook, and Amazon are said to be nervously awaiting the new Indian data-privacy laws being drafted by BN Srikrishna, whose recommendations carry considerable weight in one of the world’s biggest silicon-chip economies. The bill, which is will be sent by Mr. Srikrishna’s committee to the government this week, is expected to define “fair use”, whether tech companies will be allowed to do cross-border data transfers, and how to enforce accountability and penalties for violations. It will also establish rules on how users can access and control their own data. Mr. Srikrishna added that India does […]