Posts

Showing posts with the label Technology

Tesla Backs Up Car Security Firmware

Image
Tesla is an American based automotive and Energy Storage company founded in 2003. This Multi National Corporation specialises in designing, manufacturing and selling electric cars, battery products and electric vehicle power train components. The sole motive of this premium electric-car brand is to accelerate world’s transition to sustainable energy and move towards zero- emission future. Tesla is renowned worldwide for its security-aware attitude. The infamous hardware and firmware manufacturer is known to focus on improving the security of their products and service offerings. Taking the security advantage to the next level, Tesla recently disclosed its safety and protection guidelines. As per the disclosed guidelines, Tesla Backs Up Car Security Firmware. The manufacturer of the infamous electric vehicles welcomes researchers to probe software in its cars for security bugs. Directives for Engagement  The participating researchers need to register themselves as wel...

Two-factor authentication: A Safeguard to Account Login

Image
Users who rely on two-factor authentication via SMS and consider it as a safeguard for account login are in a fix. Cyber miscreants are embarking on new tactics to swindle users. The second layer of authentication implemented on applications to keep accounts protected usually involves a code sent on the mobile devices via SMS. However threat actors have devised decisive tactics to acquire the code sent on the mobile phones and hence gain unauthorized access to your device or application. These tactics include: Intercepting unencrypted messages sent over a network: Attackers leveraged this ingenious technique to target German Bank Accounts last year. Threat actors exploited the vulnerability in the signaling network of telecom operators to redirect calls and text messages. Hence, users attempting to login to their bank accounts waiting to receive a code via a text message were deceived. The text message containing the code were re-routed to hackers that enabled them access user’...

In-app currencies of Mobile games used for Money Laundering by Cyber Crooks!

Image
Mobile Games are now more popular then PC games. Mobile games generate billions of dollars in revenue. Cyber crooks have found a way to exploit the in-game currency to launder real money without the fear of being tracked by government agencies.     The cyber crooks have created a system where they use fake Apple accounts and fake gaming profiles to carry out transactions using stolen credit or debit cards. These game accounts are then sold online for real money and it is transacted using online E-wallet apps. The operation came to light when the researchers stumbled upon a MongoDB database that was left exposed on the internet without any login or password. The free access to this database revealed that it had details of more than 150,000 unique card details which recorded the card number, expiration date and the CVV. The MongoDB database revealed that the details on the sheet were not some ordinary company data but something else entirely. Upon closer inspection,...

Facebook fined with £500,000 over Cambridge Analytica data scandal

Image
Facebook has been slammed with a fine of £500,000 ($664,000) in the UK for breaking Data Protection laws. The fine was imposed after UK’s data regulator performed a wide ranging investigation into the Cambridge Analytica scandal and found Facebook guilty of non – compliance of GDPR (General Data Protection Regulation) as: * The company failed to protect its user’s personal data. * Facebook guilty as failed to be transparent about how the personal data was being harvested by the third parties. What is Cambridge Analytica?   Cambridge Analytica is a London-based company that helps business and political groups to muster up data on voters during electoral processes. This data is then analyzed to conduct strategic communication and to create effective slogans and campaign messages. The company was started in 2013 as an offshoot of SCL (Strategic Communication Laboratories) group. Social media platforms like Facebook are used as a source to collect data. Cambridge Analytica has ...

$13.5 million worth of digital token stolen in Bancor, a Cryptocurrency start-up

Image
Bancor, an- Israel based company that runs a ‘decentralized’ crypt-o-currency mining & exchange network that allows users to convert between two tokens like an exchange without involving any counterparty. The network allows all kinds of virtual coins to be bought and sold instantly. A standard crypt-o-currency exchange involves exchange of tokens between two parties. A Bancor protocol in contrast works on an alternative trading mechanism that uses smart contracts to create smart tokens. Smart Contract: A smart contract is a computer program that digitally facilitates, verifies, or enforces the negotiation or performance of a contract without involving third parties. These transactions can be tracked and are irreversible. Smart Token: A smart token can be considered as a coin that holds the monetary value of other compatible virtual coins.For instance, it works on the same principle as of a central bank that holds foreign currency reserves and converts between them as requir...