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German Intelligence Agency Blasts Major Internet Companies

German Intelligence Agency Blasts Major Internet Companies

Hans-Georg Maaßen, president of Germany’s Federal Office for the Protection of the Constitution, recently criticized Silicon Valley’s social media companies including Facebook for failure to police content on their platforms. In a recent cybersecurity conference by Handelsblatt daily, Maaßen called the companies the ‘fifth estate’ and accused them of not taking social responsibility. Maaßen added that the absence of hacking or news leaks ahead of Germany’s September elections are partly the result of his agency’s work. Meanwhile, Facebook said it had already taken steps to ensure that their platform won’t be used to influence the elections. Source: Reuters

Imgur Confirms 2014 Breach Involved Email Addresses, Passwords

Imgur Confirms 2014 Breach Involved Email Addresses, Passwords

One of the world’s largest image sharing sites, Imgur, has recently confirmed that around 17 million email addresses and passwords were compromised when it got hacked in 2014. The website got knowledge of the breach only Thursday last week when Troy Hunt of “Have I Been Pwned” informed them. The company reset account passwords right after and issued a public disclosure to alert affected users of the hack. They also added that no personal information was compromised since users aren’t asked to provide any when they sign up. Hunt said that the company’s response had been exemplary, considering they were […]

NHJ

Uber Admits to Informing Softbank of Breach Before Going Public

Last Thursday, Uber revealed that it had told Softbank of the breach prior to disclosing it with the public. The Japanese company is currently in talks with the ride-hailing firm in a deal that would amount to as much as $10 billion, effectively buying out existing shareholders. Uber said in its statement that it had a duty to inform Softbank, which was a potential investor, even though the information they had at the time was still incomplete. Uber added that they only went public after completing the forensic investigation which gave them a more complete understanding of the facts.    […]

YouTube Obscenity Filter Suffers Glitch

YouTube Obscenity Filter Suffers Glitch

Volunteer moderators from YouTube’s Trusted Flagger program recently revealed that YouTube’s reporting system for preventing sexualized comments on children’s videos has not been working properly for more than a year already. While YouTube says that it is able to process a “vast majority” of reports within 24 hours, the volunteers say that there’s still around 100,000 predatory accounts still leaving indecent comments. Even though users can report illegal content and predatory accounts, volunteer moderators say that they have no way of seeing the flagged offensive comment since the associated links are often missing from the report. Source: BBC

Australia and UAE Sign Another Fintech Agreement

Australia and UAE Sign Another Fintech Agreement

Dubai’s Financial Services Authority (DFSA) and Australia’s Securities and Investment Commission (ASIC) have recently entered into another agreement which aims to provide both regulators a better understanding of fintech innovations in each other’s jurisdictions. In addition to sharing of information and fostering support for fintech firms on both sides, the DFSA will also set up a number of initiatives including FinTech Hive accelerator program and the Dubai Future Accelerator where tech companies will be pairing with government organizations. The UAE had already partnered with ASIC back in July in an agreement that seeks to provide support to fintechs looking to […]

Researchers Detect Mass Scanning for Bitcoin, Ethereum Wallets

Researchers Detect Mass Scanning for Bitcoin, Ethereum Wallets

Using honeypots installed across the Internet, security researchers have recently detected a mass scanning campaigns targeting unsecured Bitcoin and Ethereum wallets. One of the campaigns, identified by Didier Stevens, used a bot to scan server paths for file names of Bitcoin wallet apps just two days before Bitcoin rose from $7000 to $8000. In another campaign, identified by Dimitrios Slamaris last November 24, attackers made blind requests to the JSON-RPC interface of Ethereum nodes. Slamaris revealed that it is possible for an attacker to steal funds from a wallet using this method. For users running Ethereum nodes that require an […]

Russia Accuses Google of Down-ranking Sputnik and RT

Russia Accuses Google of Down-ranking Sputnik and RT

Last Thursday, Russia’s foreign ministry said that Google’s attempts to push down Sputnik and Russia Today in search results is tantamount to censorship. Ministry spokeswoman Maria Zakharova also said that the move was the result of strong political pressure from the US government. The statement seems to have been made in response to Alphabet Executive Chairman Eric Schmidt’s answer to a question in an international forum last Saturday, where he confirmed that the search company is giving “less prominence” to websites such as Sputnik and RT, instead of delisting them outright. Source: Reuters

Two New Lawsuits Filed Against Uber for 2016 Breach

Two New Lawsuits Filed Against Uber for 2016 Breach

Within only 48 hours of Uber’s breach disclosure, two separate class-action lawsuits had already been filed against the company in the state of California. One of the cases which was filed in Los Angeles, Alejanro Flores v. Raiser, alleged that Raiser, Uber’s subsidiary, had been “grossly negligent” and “departed from all reasonable standards of care” Another lawsuit filed in San Francisco, Danyelle Townsend and Ken Tew v. Uber, stated that Uber should have had the necessary safeguards in place to protect the plaintiff’s personally identifiable information. Source: ARSTechnica

YouTube Cracks Down on Questionable Kids Content

YouTube Cracks Down on Questionable Kids Content

YouTube is seen to be tightening rules on questionable kid-focused content that is able to get around the filtering mechanism on its platform. The move seeks to prevent content from creators who attempt to attempt to slip in themes unsuitable for younger kids into children’s shows to get more views. One such example features a well-known children’s show character called Peppa Pig who was made to visit a gory slaughterhouse.   Google will now be employing a number of new measures including stricter content control, demonitization of unsuitable content targeted at kids, aggressive comment patrolling, and better understanding of context. […]

Singapore White Hat Hackers: e-Wallets Are Not Foolproof

Singapore White Hat Hackers: e-Wallets Are Not Foolproof

In a recent interview, two members of Singapore Management University’s Whitehat Society shared their concerns on the security of mobile electronic payment services. Winston Ho and Wan Ding Yao, members of the ethical hacking group, said that they still prefer cash transactions over e-wallet apps and other apps which need to be linked to a credit card or bank account. They warned that there are a number of ways in which a hacker can get access a user’s e-wallet, such as phishing SMSs, fake or modified versions of the e-wallet app. They also said that security measures such as passwords, […]