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Europol: Criminals Laundering Billions Through Cryptocurrencies in Europe

Europol: Criminals Laundering Billions Through Cryptocurrencies in Europe

Europol director Rob Wainwright recently revealed to BBC’s Panorama that an estimated 3-4% of the £100 billion made through illegal means in Europe were being laundered through cryptocurrencies. Wainwright explained that the laundering process involved distributing the dirty money in smaller amounts to “mules” who then convert it back to cash and return it to the criminals. He added that there was no way for the authorities to freeze the virtual funds even if they do discover them. The Europol chief called on regulators and industry leaders to come together to address the issue, saying that the latter needed to […]

Cryptojacker Found on US, UK Government Websites

Cryptojacker Found on US, UK Government Websites

Last Monday, security researcher Scott Helme tweeted that a cryptocurrency miner was present on US and Australian government websites. Helme said that he confirmed the initial findings of another security expert, Ian Thornton-Trump, who previously said that the website of the UK Information Commissioner’s Office had been compromised by a cryptojacking malware. Helme said that around 4000 websites had been affected using the Browsealoud (ba.js) plugin which was embedded with the Coinhive cryptocurrency miner. He additionally said that the hackers were able to compromise a large number of websites just by tampering with a single website that all others load […]

McAfee Labs Says Threat was Present Before Winter Olympics Opening Ceremony Hack

McAfee Labs Says Threat was Present Before Winter Olympics Opening Ceremony Hack

McAfee Advanced Threat Research senior analyst Ryan Sherstobitoff recently revealed that they had found that organizations involved in the Winter Games were targeted by malicious documents a few days before the cyber attacked that had affected the Winter Olympics opening ceremonies last Friday. South Korean publication Yonhap News reported that PyeongChang Organizing Committee for the 2018 Olympic & Paralympic Games (POCOG) servers were hacked and were temporarily shut down by the organization to prevent further damage. Sherstobitoff says it is still unclear if the attackers have greater motives, or are only looking to cause disruption. Nonetheless, he said that the […]

Mobile Apps a Culprit for Financial Website Glitches

Mobile Apps a Culprit for Financial Website Glitches

During the turbulent period which rocked global stock markets last week, technology analysts reported that smartphone apps were one of reasons behind glitches on financial websites. Kendra Thompson, an Accenture managing director, said that most financial systems were not built to handle requests from the rapidly increasing number of financial apps on mobile devices which users often use to check balances or watch market indexes. The problem is further compounded when users repeatedly refresh the website in instances of access issues. Chief strategist for financial services at Akamai Technologies Inc. even called the adoption of mobile finance apps as the […]

Landmark German Verdict Deems Facebook’s Use of Personal Data Illegal

Landmark German Verdict Deems Facebook’s Use of Personal Data Illegal

A Berlin regional court recently handed down a verdict saying that Facebook’s use of personal data was illegal and that the company did not adequately obtain the consent of users. Litigation policy officer at the Federation of German Consumer Organisations (vzvb) Heiko Duenkel said that Facebook does not sufficiently inform users upon registration, and that it even hides non-privacy default settings in its privacy center. The consumer rights group further pointed out that a service that reveals a user’s location to the person they are chatting to is pre-activated in Facebook’s mobile app. Source: Reuters

Facebook May Roll Out “Downvotes”

Facebook May Roll Out “Downvotes”

Tech website TechCrunch recently confirmed that Facebook is testing a new downvoting system that will allow users to hide comments and give feedback on them. The company announced a number of other planned improvements to the platform, but denied that they were rolling out a dislike button which had been previously requested by users. The new measure is currently available only to a small test group in the US. The users are given the option to flag a post as “offensive”, “misleading” or “off-topic”. Source: BBC

Cambodian Opposition Leader Files Suit Against Facebook

Cambodian Opposition Leader Files Suit Against Facebook

It was recently reported that former Cambodian opposition leader Sam Rainsy had filed a case against Facebook to obtain information regarding activities on Prime Minister Hun Sen’s account. It is said that Rainsy is seeking the information to confirm allegations regarding fake likes on Sen’s account, his use of the platform for death threats, and the use of government funds for ads. According to Rainsy’s attorney, Richard J. Rogers of rights group Global Diligence LLP, the case raises  questions Facebook’s stance on human rights abusers who manipulate elections, Hun Sen had been a target of criticism from Western countries for […]

Cisco Warns of Exploits Against Product Vulnerability

Cisco Warns of Exploits Against Product Vulnerability

Earlier this week, Cisco updated its earlier warning for the flaw in its Adaptive Security Appliance and said that it is being targeted by attacks. The advisory was first issued last January 29, just days before the flaw was to be explained by the NCC group researcher who discovered it. However, Cisco said that it had discovered more vulnerabilities than what had been detailed in prior reports. Cisco urges customers to immediately update their products since the flaws had received a 10 of 10 CVSS rating, which indicates the highest level of severity.    Source: ZDNet

Huawei: Don’t Use National Security to Disguise Protectionism

Huawei: Don’t Use National Security to Disguise Protectionism

Addressing the Joint Standing Committee on Trade and Investment Growth last Friday, Huawei’s VP of Global Government Affairs Simon Lacey said that national security concerns should not be used as a “blank cheque” to justify protectionism. With remarks pointed at the national security exception invoked by US President Donald Trump’s Muslim-majority country travel ban, Lacey further argued that such exceptions should not be regulated under free trade agreements, but rather through the World Trade Organization (WTO). Lacey also addressed the Trump administration’s suspicions against their products and said that while they were a Chinese company, their hardware is made around […]

Chrome Set to Mark All Http Pages As “Not Secure”

Chrome Set to Mark All Http Pages As “Not Secure”

In a blogpost last Thursday, Chrome security product manager Emily Schechter announced that coming this July, all websites that are not yet using https encryption will be marked in Chrome 68 as “not secure”. Https provides encryption which “wraps” the website and its user within a secure tunnel to prevent attacker intrusion. Schechter adds that they have been strongly advocating https for years and the new warning sign is intended to make users understand that http sites lack adequate security. It was noted that Google also ranks https sites higher in its search results to encourage developers to adopt the […]