May 08, 12:47 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Technology By Arthur Villasanta 05/08/19 AT 12:42 AM Chinese global cryptocurrency exchange, Binance, reported the theft of 7,000 bitcoins worth more than $40 million on Tuesday.Based in Malta, Binance is considered the biggest cryptocurrency exchange in the world in terms of trading volume. It had a market capitalization of $1.3 billion in January 2018.In a statement, Binance said hackers stole 7,000 bitcoins (each worth $5,800) and used a variety of methods to carry out the “large scale security breach.” Hackers were able to obtain a large number of user API keys, 2FA codes, and other data to carry-out the successful cyberattack.Binance CEO Changpeng Zhao confirmed no users’ funds will be affected as they are insured internally by the firm. He also said Binance will cover the incident “in full.”As a result of the hack, Binance has suspended … [Read more...] about Binance Hacked: $40M Worth Of Bitcoin Stolen From Exchange
Rob Ross freaked out. One minute, the San Francisco man’s investment accounts added up to a million dollars; the next moment they had a zero balance. "I was devastated," he said. “It was about 90 percent of my net worth.” Ross was a victim of the “SIM Swap Scam.” His story is a warning for everyone. If you have a mobile phone, you are a potential target in this fraud. A recent study suggests that a man's beard contains more germs than a dog's fur. All 18 men's beards studied by researchers at Switzerland's Hirslanden Clinic had higher levels of bacteria in them, compared to only 23 out of 30 dogs. Some beards had so much beard bacteria the men could get sick, the study says. (Published Wednesday, April 24, 2019) Thieves have hacked this extra layer of protection known as two-factor authentication. You’ve probably seen "2FA" in the form of a message from your bank account, social media, or email provider suggesting something along the lines of … [Read more...] about Man’s $1M Life Savings Stolen As Cell Number is Hijacked
Facebook has opened its users up to security risk, and potential theft, by allowing anyone on the platform to search for others using their phone numbers, which were only given to the social network for two-factor authentication security. “For years social media Big Brother had been pestering its users to secure their account with two-factor authentication (2FA) by prompting them to enter their phone number so they could get a text with a security code login when logging into their account from a new device for the first time,” explained Fast Company, Sunday. “On the surface, Facebook prompting people to enable 2FA was a good thing–if you have 2FA enabled it’s much harder for someone who isn’t you to log in to your account. But this being Facebook, they’re not just going to do something that is only good for the user, are they?”After inviting users to submit their phone numbers under the guise of better security, Facebook now allows … [Read more...] about Facebook ‘Massive Security Hole’ Lets Anyone Find You from Your Phone Number
Mar 04, 11:43 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Technology By Kevin Billings 03/04/19 AT 10:48 AM The Facebook odyssey continues this week, this time getting back to one of the core issues at hand – privacy. The most consistent issue on hand has been data sharing, which opens up personal information for Facebook to share with corporate entities. This issue seems to have taken a step further now with a recent revelation about Facebook two-factor authentication.Throughout 2018, Facebook kept messaging users to turn on two-factor authentication by using their phone number. It then came out that, along with the data sharing, Facebook was using those phone numbers to send users ads. However, it has now been found that Facebook’s default settings allow almost anyone to find a profile by searching the same authentication phone number. To make it worse, there’s no way to opt-out of the feature, according to … [Read more...] about Facebook Users Can Be Found By Phone Number, According To New Report
Let's be honest, passwords are a pain. We all know that good ones protect us from hackers, but it's a real challenge to create and remember strong passwords for all our online accounts. To deal with "password fatigue," we create a few simple passwords, use them on multiple accounts and hope nothing bad happens. "We all want what's simple and easy, but that's not good with passwords," said Morgan Slain, CEO of SplashData, an online security company specializing in password protection. "Using a simple password over and over again is dangerous because it creates a cascading risk for all of your online accounts." SplashData evaluates millions of leaked passwords each year to create its annual list of worst passwords. The latest report reveals the same predictable, easy-to-guess passwords that are simple to crack top the 2018 List of Worst 100 Passwords: 123456 Password 123456789 12345678 12345 Other lousy passwords include: 1111, admin, 123123, iloveyou, welcome and 123abc. SpashData … [Read more...] about These are the worst passwords of 2018. Is yours on the list?