Ransomware — malicious software that encrypts the victim’s files and holds them hostage unless and until the victim pays a ransom in Bitcoin — has emerged as a potent and increasingly common threat online. But many Internet users are unaware that ransomware also can just as easily seize control over files stored on cloud services.
My PayPal account was hacked on Christmas Eve. The perpetrator tried to further stir up trouble by sending my PayPal funds to a hacker gang that recruits for the terrorist group ISIS. Although the intruder failed to siphon any funds, the successful takeover of the account speaks volumes about why most organizations — including many financial institutions — remain woefully behind the times in authenticating their customers and staying ahead of identity thieves.
Expect phishers and other password thieves to up their game in 2016: Both Google and Yahoo! are taking steps to kill off the password as we know it.
New authentication methods now offered by Yahoo! and to a beta group of Google users let customers log in just by supplying their email address, and then responding to a notification sent to their mobile device.
The U.S. Federal Trade Commission this past week announced it reached settlements with software giant Oracle and identity protection firm LifeLock over separate charges of allegedly deceiving users and customers. LifeLock agreed to pay $100 million for violating a 2010 promise to cease deceptive advertising practices. Oracle’s legal troubles with the FTC stem from its failure to fully remove older, less secure versions of Java when consumers installed the latest Java software.
Digital gift card retailer Gyft has forced a password reset for some of its users. The move comes in response to the theft of usernames and passwords from a subset of Gyft customers.
Sources at multiple financial institutions say they are tracking a pattern of fraud indicating that thieves have somehow compromised the credit card terminals at checkout lanes within multiple Safeway stores in California and Colorado. Safeway confirmed it is investigating skimming incidents at several stores.
The makers of MacKeeper — a much-maligned software utility many consider to be little more than scareware that targets Mac users — have acknowledged a breach that exposed the usernames, passwords and other information on more than 13 million customers and, er…users. Perhaps more interestingly, the guy who found and reported the breach doesn’t even own a Mac, and discovered the data trove merely by browsing Shodan — a specialized search engine that looks for and indexes virtually anything that gets connected to the Internet.
I recently heard from a source in law enforcement who had a peculiar problem. The source investigates cybercrime, and he was reaching out for advice after trying but failing to conduct undercover buys of stolen credit cards from a well-known underground card market. Turns out, the cybercrime bazaar’s own security system triggered a “pig alert” and brazenly flagged the fed’s transactions as an undercover purchase placed by a law enforcement officer.
Many readers wrote in this past week to say they’d finally been officially notified that their fingerprints, background checks, Social Security numbers, and other sensitive information was jeopardized in the massive data breach discovered this year at the Office of Personnel Management (OPM). Almost as many complained that the OPM’s response — the offering of free credit monitoring services for up to three years — won’t work if readers have taken my advice and enacted a “security freeze” on one’s credit file with the major credit bureaus. This post is an attempt to explain what’s going on here.
The U.S. Department of Homeland Security (DHS) has been quietly launching stealthy cyber attacks against a range of private U.S. companies — mostly banks and energy firms. These digital intrusion attempts, commissioned in advance by the private sector targets themselves, are part of a little-known program at DHS designed to help “critical infrastructure” companies shore up their computer and network defenses against real-world adversaries. And it’s all free of charge (well, on the U.S. taxpayer’s dime).
