Bitcoin is touted as a secure, decentralized and anonymous way to conduct financial transactions, one reason why cybercriminals use it or some other cryptocurrency when conducting illegal business, whether it’s drug trafficking or ransomware. But this week the Justice Department revealed that it traced and recovered 63.7 of the 75 Bitcoins ($2.3 million of the total $4.3 million) that Colonial Pipeline paid in ransom to release its computer systems. The feds declined to detail how they recouped the Bitcoin. Meanwhile, El Salvador has become the first nation to formally adopt Bitcoin as legal tender. Continue reading Bitcoin Ransom Recovery May Impact Cryptocurrency Status

The FBI is investigating 100 ransomware variants, stated director Christopher Wray, who revealed that many of them trace back to Russian hackers. He noted that the cyberattacks share “a lot of parallels … a lot of importance, and a lot of focus by us on disruption and prevention” with the September 11 terrorist attacks. Most recently, a ransomware attack on Colonial Pipeline cost its operators $4.4 million to regain control and restore services (however, federal authorities recovered $2.3 million in cryptocurrency yesterday). Another attack targeted JBS, the world’s largest meat processing company.  Continue reading FBI Director Raises Alarm Over Ransomware Threats to U.S.

Blaming Russia for attacks that interfered in the 2020 U.S. presidential election, President Biden imposed new sanctions on 32 entities and individuals in that country. Although sanctions will make it more difficult to partake in the global economy, the White House did not immediately limit Russia’s ability to borrow money on the global market. Biden noted he “chose to be proportionate” and “is not looking to kick off a cycle of escalation and conflict with Russia.” The FBI has also recently taken strong steps to stop Chinese hacking. Continue reading U.S. Takes Steps Against Russian and Chinese Cyberattacks

Russia and China recently ran sophisticated hacks from servers inside the United States, going undetected by the National Security Agency, which is prohibited from conducting surveillance in the U.S., as well as the FBI and Department of Homeland Security. Private computer security firms were the first to raise the alarm on these foreign attacks, and Microsoft reported that its patches are being reverse-engineered by criminal groups to launch ransomware attacks on corporations. The White House is paying attention. Continue reading Cybersecurity: White House Pursues Public-Private Alliances

Oakland, Portland, San Francisco and Minneapolis have banned police use of facial recognition, mainly due to its inherent racial bias. Massachusetts is now the first U.S. state to legislate its use. The law, which goes into effect in July, has found a middle ground, both allowing law enforcement to use the facial recognition technology to catch criminals and building in protections intended to prevent false arrests. With the new law, police must get a judge’s permission to run a facial recognition search. Continue reading Massachusetts Finds Compromise in Use of Facial Recognition

The U.S. military, the Internal Revenue Service (IRS), Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA) and Department of Homeland Security (DHS) are reportedly among the agencies that have been buying citizens’ location data from commercial services. Now, a Treasury Department inspector general report has indicated that this practice is illegal without first obtaining a warrant. The agencies in question say they are buying commercially available data from those who have consented to having their data collected. Continue reading Treasury Department May Put an End to Location Data Sales

After several months of investigation by the U.S. Securities and Exchange Commission and two U.S. Attorneys’ offices, Zoom Video Communications revealed that it has provided investigators with information regarding its interactions with China and other governments in addition to security and user privacy issues. A former employee based in China, Xinjiang Jin (also known as Julien Jin) has been charged by the Department of Justice for helping the Chinese government halt a remote commemoration of the Tiananmen Square uprising. Continue reading SEC, State Attorneys Investigate Zoom Over China Contacts

Facebook has made several changes ahead of this year’s U.S. presidential election to prevent potential misinformation being shared by politicians, their campaigns and special interest groups. The social media company will bar new political ads beginning the week before the election and tamp down any posts trying to convince people not to vote. After the election it will quell attempts to claim false victories, directing readers to accurate election information. In India meanwhile, Facebook is under pressure after banning a politician for hate speech. Continue reading Facebook’s New Rules Aim to Quash Election Misinformation

Facebook and Twitter reported that the Internet Research Agency in Russia, which reportedly interfered in the 2016 U.S. presidential election, is again using fake accounts and created Peace Data, a fake left-wing website. With the likely goal of influencing the 2020 election, it is believed to be spreading disinformation about Democratic presidential candidate Joseph Biden. U.S. intelligence agencies have warned for months about Russian meddling. Both social platforms have already taken steps to address such disinformation; most recently, Facebook announced plans to block political ads one week before the November election and Twitter is adding more context to Trending Topics. Continue reading Russia Pushes More Disinformation via Facebook and Twitter

In the corporate work world, cybersecurity experts are worried about their limited ability to track how employees are working remotely, including whether they record conference calls, share corporate devices with family members or take photos of sensitive documents. Their actions could inadvertently put the company at greater risk to be hacked; organizations such as the National Bureau of Economic Research are tracking an uptick in hacking attempts while corporate security teams are devising new policies to head off the problems. Continue reading Cybersecurity Chiefs Concerned Over Risks of Remote Work

Since 2015, Twitter chief executive Jack Dorsey and the company board have been warned annually about internal cybersecurity risks. In fact, there are about 1,500 employees plus contractors with the power to make changes in 186 million daily user accounts, and the company had experienced breaches due to internal sources. Then, on July 15, hackers tricked employees to compromise 130 Twitter accounts, including those of Jeff Bezos, Joe Biden, Barack Obama and Elon Musk, stealing data from eight unidentified accounts. Continue reading Latest Twitter Hack Puts Spotlight on Internal Security Issues

Twitter removed about 150,000 accounts disseminating QAnon right-wing conspiracies for violating the social platform’s policies and distributing harassment and misinformation that could potentially lead to harm. The company added that it will no longer recommend QAnon-related accounts and content, including that contained in email. Twitter also stated it will make efforts to limit these theories from appearing in trending topics and search, as well as users posting links affiliated with the theories. Continue reading Twitter Bans Accounts Promoting QAnon Conspiracy Theories

On Wednesday, scammers launched one of the most audacious attacks in recent memory, posting messages from the Twitter accounts of Joe Biden, Barack Obama, Kanye West, Bill Gates and Elon Musk that if people sent Bitcoin, the famous person would send back double the money. The first attack targeted high-profile cryptocurrency leaders and companies, but soon broadened to include a list of prominent U.S. politicians and entertainment and tech executives. It appears that an internal Twitter account was involved in the attacks, but it has yet to be determined whether an employee was willfully complicit. Continue reading Prominent Twitter Accounts Hacked for Cryptocurrency Fraud

Zoom founder and chief executive Eric Yuan said his company will assist the FBI and law enforcement by providing end-to-end encryption only to paying customers, but not for the majority of those who use its free version, “in case some people use Zoom for a bad purpose.” During widespread U.S. protests over the death of George Floyd, Yuan’s comments did not go over well, with some users threatening to switch to rival services. But his words were misinterpreted and taken out of context. “We plan to provide end-to-end encryption to users for whom we can verify identity, thereby limiting harm to vulnerable groups,” explained Yuan. Continue reading Zoom Clarifies its Relationship with Law Enforcement and FBI

The House of Representatives, after closed-door negotiations, came to an agreement to bring an amendment to vote that would protect Americans from FBI and CIA surveillance of their web browsing history without a warrant. The amendment, introduced by Zoe Lofgren (D-California) and Warren Davidson (R-Ohio), would be a “significant reform to Section 215 [of the USA Patriot Act] that protects Americans’ civil liberties,” said Lofgren. However, after full details of the proposal were released, debate over who would specifically be protected led to the amendment’s downfall. Continue reading Government Surveillance Bill Is Sidelined by Privacy Question