Federal regulators initiated a probe of social media after accusing firms such as Facebook of presiding over a surge in advertising fraud including ads for sham healthcare products. Sham ads "can pose real dangers," including by spreading health disinformation, said Commissioner Rebecca Slaughter.
Business social media platform LinkedIn continues to pay dividends for North Korean hackers, including one group historically concentrated on South Korean targets that has expanded into pursuing security researchers and media industry workers in the West.
Records of more than half a million customers of a lending service owned by India's largest private sector bank are apparently downloadable for free on a criminal data breach forum. HDFC Bank says it detected a data breach at one of its service providers that processes customer information.
The European Commission has directed employees to remove the ByteDance-owned, short-form video app TikTok from their phones and corporate devices, citing security concerns. The decision follows similar bans in the U.S. and other countries, driven by fears of Chinese hacking and influence.
Twitter says it will turn off SMS second-factor authentication for all but paying customers starting March 20 in a decision provoking concerns that many customers will be less secure than before. Twitter says 2.6% of active Twitter accounts have activated second-factor authentication.
Spain's high court has approved the U.S. Department of Justice's request that British national Joseph James O'Connor be extradited to face charges that he helped hack Twitter in 2020 to perpetrate a cryptocurrency scam. The final extradition decision now rests with the Spanish government.
A group of bipartisan U.S. senators is seeking answers from three telehealth companies about their data tracking and sharing practices. The move comes as privacy and security concerns about broader data sharing by technology firms also are growing.
Lacework has debuted an attack path analysis tool to help organizations understand the havoc specific threats could wreak within their cloud infrastructure, says CEO Jay Parikh. The company helps customers prioritize which risk elements inside their infrastructure should be addressed first.
Meta's popular social media platforms are increasingly being targeted by cybercriminals, and account takeover complaints rose over 1,000% last year. This social threat is spilling over into banks and government agencies, and experts criticize Meta for moving too slowly to address security issues.
Meta says it is taking legal action against scraping-for-hire service provider Voyager Labs for allegedly using fake accounts to copy accessible data about users when logged into Facebook, Instagram and other websites. The social media firms says it closed 60,000 fake accounts.
Since Elon Musk became Twitter's CEO, cyber risks have affected the social media company in technological, financial, regulatory and reputational ways. Marco Túlio Moraes says the big issue is that the risks now affect a significant digital business world asset: trust.
Poland is warning that Russian hackers have intensified activities in national cyberspace with the aim of "destabilization, intimidation and sowing chaos." Poland is a staging ground for military aid to Kyiv and a destination for more than 1.4 million refugees who fled Moscow's war of conquest.
Twitter has suffered its first major outage since Elon Musk bought the company in late October and began serving as its CEO. The outage lasted several hours The uptime problems come amid ongoing concerns about site security following last month's mass layoffs and cybersecurity staff exodus.
Meta has reached a $725 million agreement to resolve a class action lawsuit filed over Facebook's user data-sharing practices, after data for 87 million Facebook profiles was transferred to political consultancy Cambridge Analytica in violation of the social network's policies.
Ukraine's domestic intelligence agency revealed this week that it successfully blocked more than 4,500 cyberattacks in 2022. The number of cyberattacks has tripled since last year and has grown fivefold since 2020, the domestic intelligence agency's cyber division chief says.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.com, you agree to our use of cookies.
