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Losses from Online Payment Fraud Expected to Reach $48 Billion Annually

If you believe this week’s report from Juniper Research, online payment fraud is expected more than double in the next five years going from a mere $22  billion in losses this year to $48 billion in losses by 2023. The industry recovers that money by raising prices. This cost is about $150 for every man, […]

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Adobe is Being Sued for Bug that Deleted User Files

This could be a very interesting lawsuit and we will watch it and see where it goes. In 2017 Adobe released Premiere Pro Creative Cloud 2017 version 11.1.0 ,  Apparently, like a lot of software, this product was not bug free. In fact, a feature called clean cache not only cleaned the cache of Premiere […]

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News Bites for the Week Ending Nov 2, 2018

Follow on to Google+ Breach and Notification I recently reported about Google getting in trouble for hiding a breach discovered in March. The first thing to point out is that it is unlikely that Google broke any laws.  The current breach notifications laws in the U.S. give a company the wiggle room not to disclose […]

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The Ongoing Saga of IoT Attacks

Israeli Researchers have disclosed two new Bluetooth attacks that only require you to be in the neighborhood to work.  The attacks exploit flaws in Bluetooth Low Energy (BLE) chips made by Texas Instruments. The chips are used by companies like Cisco, Meraki and Aruba in their corporate solutions. The chips are also used in pacemakers […]

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SEC Investigates Companies That Send Wires to Scammers

You have probably heard about Business Email Compromise (BEC) attacks where scammers pose as company executives and ask the accounting department to wire money to them. The FBI says this is highly effective and big business.  To the tune of $5 billion in losses since 2013. In fact the SEC discovered that 9 publicly traded […]

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