New York Department of Financial Services Launches Cybersecurity Unit

The New York State Department of Financial Services (DFS) this week announced that it has launched a new cybersecurity division whose role is to protect consumers and financial services organizations from cyber threats. According to the DFS, this is the first time a banking or insurance regulator launches such a division. The new unit will be responsible for enforcing the DFS’s cybersecurity regulations, advising on cybersecurity examinations, issuing guidance for…

May 24, 2019
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Assange Charged With 17 New Counts Under Espionage Act

A superseding indictment returned by a U.S. federal grand jury on Thursday charges WikiLeaks founder Julian Assange with 18 counts related to illegally obtaining and disclosing classified information. Assange was arrested by British authorities on April 11 after Ecuador, which had allowed him to stay at its embassy in London for nearly seven years, withdrew his asylum. On the same day, the United States, which hopes to have Assange extradited…

May 24, 2019
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Facebook Figures Five Percent of Accounts Are Fake

Facebook on Thursday said it recently disabled billions of bogus accounts set up by “bad actors” and that five percent of active accounts are likely fakes. An estimate of how many of the online social networks accounts are fake and actions taken against the creation of more during the first three months of this year was disclosed in Facebook’s latest report on enforcement activity. Facebook disabled 2.19 billion accounts in…

May 24, 2019
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US Officials Say Foreign Election Hacking Is Inevitable

The hacking of U.S. election systems, including by foreign adversaries, is inevitable, and the real challenge is ensuring the country is resilient enough to withstand catastrophic problems from cyber breaches, government officials said Wednesday. The comments by representatives from the departments of Justice and Homeland Security underscored the challenges for federal and state governments in trying to ward off interference from Russia and other countries in the 2020 election. Special…

May 24, 2019
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Instagram Says Not Source of Contact Info for Influential Users

Instagram on Thursday said it was not the source of private contact information for millions of influential users of the service recently found in an unguarded online database. The online cache of data, which was discovered by a security researcher, was written about Monday by news site TechCrunch, which reported that it was traced back to Mumbai-based social media marketing firm Chtrbox. “We take any allegation of data misuse seriously,”…

May 24, 2019
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Authorities Take Down Cryptocurrency Mixing Service Bestmixer.io

Authorities in Europe this week said they took down Bestmixer.io, one of the leading cryptocurrency mixing service in the world.  The takedown was possible due to a collaboration between the Dutch Fiscal Information and Investigation Service (FIOD), Europol, and authorities in Luxembourg.  The investigation into the service was launched in June 2018 by the FIOD, with the support from security company McAfee. As part of the investigation, six servers in…

May 23, 2019
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Magecart Skimmer Poses as Payment Service Provider

The skimmer used in a recently discovered Magecart attack on a Magento-based e-commerce website was posing as a payment service provider via a rogue iframe, Malwarebytes reports. The Magecart hackers made a name for themselves last year, after a series of high-profile attacks, such as those on Ticketmaster, British Airways, or Newegg.  The hackers changed tactics following detailed reports on the activity of multiple groups, but the attacks continued, with…

May 22, 2019
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EU Adopts Powers to Respond to Cyberattacks

The European Union on Friday adopted powers to punish those outside the bloc who launch cyberattacks that cripple hospitals and banks, sway elections and steal company secrets or funds. EU ministers meeting in Brussels said the 28-nation group would now, for the first time, be able to impose asset freezes and travel bans on individuals, firms and state bodies implicated in such attacks. “The Council (of EU countries) established a…

May 22, 2019
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LeakedSource Operator Pleads Guilty in Canada

Canadian authorities announced last week that Defiant Tech Inc., the company that ran LeakedSource, pleaded guilty to trafficking identity information and possession of property obtained through crime. According to the Royal Canadian Mounted Police (RCMP), Defiant Tech entered a guilty plea one year and a half after charges were brought as part of a law enforcement operation dubbed Project Adoration, which included assistance from the FBI and the Dutch National…

May 21, 2019
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