If money makes the world go ’round, then the internet is the perfect carousel for cyber criminals. With just over 4.5 billion users, the internet has become the target rich environment for cyber criminals to lie, steal, and cheat their way to riches. So remember to practice good cybersecurity: do not reuse passwords, always confirm whom you are sharing sensitive information with, and track where your digital identity may be exposed on HackNotice Personal for free HERE.

Share this post with your friends as a reminder to why their birth year should not be their password

Photo by Jp Valery on Unsplash

IBM report: Average data breach cost nearly $4M in past year

An IBM report that examined more than 500 cyber-security breaches occurring between August 2019 and April 2020 found the average breach costs companies $3.86 million and requires nearly 300 days to identify and contain… More than half of the breaches studied (52 percent) were caused by malicious attacks, followed by system glitches (25 percent) and human error (23 percent)… IBM’s “2020 Cost of a Data Breach Report” also found 80 percent of the breaches studied involved personally identifiable information (PII), and that PII breaches were the most expensive to handle. More than 3,200 cyber-security professionals in 17 countries who work at companies who experienced data breaches participated in the survey, IBM said.

Hacks have always been – and will be – part of the online experience for individuals and businesses alike. The one thing that always changes: how much it costs to repair damages done by the cyber attacks.

Photo by Mirza Babic on Unsplash

Hackers say ‘jackpotting’ flaws tricked popular ATMs into spitting out cash

In 2010, the late Barnaby Jack, a world-renowned security researcher, hacked an ATM live onstage at the Black Hat conference by tricking the cash dispenser into spitting out a stream of dollar bills. The technique was appropriately named “jackpotting.” A decade on from Jack’s blockbuster demo, security researchers are presenting two new vulnerabilities in Nautilus ATMs, albeit virtually, thanks to the coronavirus pandemic.

ATM’s seem like an ancient relic as everyone began banking online,  but the older technology is opening new avenues for hackers to make some extra money.

Photo by Tingey Injury Law Firm on Unsplash

Capital One fined $80 million over 2019 data breach

The payout isn’t small, but it might not make many victims happy. The breach exposed sensitive details like addresses, reported income and (in some cases) account numbers and credit scores. Capital One did provide free credit monitoring and identity theft protection after the incident, but the payout still amounts to about 75 cents per person affected in North America. Like the Equifax breach, the compensation may seem small compared to the security precautions and stress inflicted on affected people.

$80 million is a big fine to pay but when divided over 100 million (roughly 75 cents per person) who suffered from a lack of security, does it equal out?


Think your bank’s been hacked and landed your personal information into the hands of hackers? If you suspect your information has been part of a data leak, use HackNotice Instant Check for free and see if your data is being shared by hackers. Simply click HERE and enter the information you want checked.


 

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The US is offering bounties of $10 million to anyone who can catch hackers meddling in the presidential election

With less than four months to go until the presidential 2020 election, the US has decided to offer a $10 million bounty to anyone who can find foreign hackers trying to meddle in the election. The State Department on Wednesday announced its Rewards for Justice (RFJ) program is offering bounties on any information that could lead to the identification or location of: “any person who works with or for a foreign government for the purpose of interfering with US elections through certain illegal cyber activities.”

The topic of foreign actors playing part in the US’s political process has been covered nonstop for the past 4 years and doesn’t look like it will be stopping anytime soon.

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Hackers are defacing Reddit with pro-Trump messages

A massive hack has hit Reddit today after tens of Reddit channels have been hacked and defaced to show messages in support of Donald Trump’s reelection campaign… A partial list of impacted channels (subreddits) is available below. This includes Reddit channels for the NFL, many TV shows, The Pirate Bay, Disneyland, Disney’s Avengers, several city channels, and more. Combined, the channels have tens of millions of subscribers.

In [probably] unrelated news, hackers have taken over Reddit pages with Trump imagery. Expect other platforms and channels to be caught in the political crossfire from all sides until the end of the year.

 

 

Featured Photo by Joshua Hoehne on Unsplash


That’s this week’s roundup, showing that every industry benefits when good cybersecurity habits are followed. So wash your hands and keep your passwords secure. Thanks for reading, stay safe and we’ll see you next week!

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