Business Email Compromise fraud resulted into $3 Billion Loss
FBI’s Internet Crime Complaint Center (IC3) said that business email compromise (BEC) is on its peak with $3.1 billion loss including loss of $960 million caused to US companies. The loss seems double compare to previous year as many high profile cases were happened. Since January 2015, there has been rise of around 1300% in BEC incidents. Attackers have sent stolen money to different countries including China and Hong Kong. The FBI noticed that enterprises that use free domain service instead of private email servers were likely to hit in BEC incidents.
Acer Online store suffered from Data Breach
Acer has suffered from data breach via its online store. Users who have visited online store between May 12, 2015 and April 28, 2016 may have hit with unauthorized access by third party. However, the numbers of users is not revealed who had been infected in data breach but credentials like name, address, payment card number, card expiry date, and CVV numbers were at stake. The data breach notice was submitted to the California Attorney General’s office.
Half of Live Streaming Sports sites serve malicious ads
The researchers at the KU Leuven University revealed that half of free sports live streaming sites carrying malicious ads. They tested 23,000 free live streaming sites across 5,600 domains, out of them 1/5 sites were in Alexa’s top 100,000 rank. Researchers analyzed the traffic over these sites and reached on the conclusion that 50% of these sites have been serving malicious ads. These ads copy the graphic and visuals of legitimate sport sites to spread malware.
The US Air Force lost 100,000 records in Database Error
The US Air Force has emailed to DefenseOne that the authority has lost more than 100,000 records that included official investigation, and complaints. The database was related to Air Force Inspector General’s Office and the authority said that the database was crashed completely. The incident was happened on June 6 and the contractor of data management notified the Air Force that the database got corrupted even the backup was not recoverable. Officials are planning to take help of third party to recover the lost data.
“Hack the Pentagon”, revealed 100 bugs in Pentagon Infrastructure
“Hack the Pentagon” bug bounty program received overwhelming response and the DOD (Department of Defense) had disclosed about new 100 vulnerabilities in its infrastructure. The initiative was started in March 2016 when DOD called upon hackers to find loopholes in the pentagon and public faced websites. Around 1,400 ethical hackers took part in this program and got award up to $15,000 amount.
Poor Security Reporting is main cause of Job Loss, Says Research
Osterman Research in coordination with Bay Dynamics found that around half of IT employees would lose jobs due to poor actionable information regarding cyber security and data breach. Near 89% of Board of directors were involved in cyber security risk decision. Around 85% respondents believed that IT and security executives should improve the way in which they report to the board. IT and security executives believe that there were one-third executives who have faith on the understanding of the board regarding cyber security report.
