Security News Update for November 29, 2024

Musk Admits to Making It Harder to Read News on X

We only post blogs to Twitter anymore to support our current followers. Musk wants you to upload your content to Twitter so that he controls it and you never leave the platform. If you include a link in a post, it will be deprioritized. BlueSky, a Twitter offshoot is gaining about a million users a week. Credit: CyberNews

13 Year Old Kid Pulls Crypto Scam, Makes $30k, But Then Gets Doxed

A 13-year-old created a token called QUANT and executed a rug pull, making $30k. In retaliation, people executed a “revenge pump” — pumping up the price of the token after the kid cashed out, causing him to miss out on potential gains. Then, they then found the child’s identity, and published his address and the school he attended, identified his mother, and began leaving hateful comments on her Instagram account and more. Credit: Web3 Is Going Great

NY Fines Geico $9.8 Mil Over Data Breach

This is kind of the root cause of poor cyber hygiene. Geico’s revenue was about $35 billion in 2020. In 2012, a decade ago, they spent over a billion on advertising. Do you think that a $10 million fine is of concern to them? That is why EU regs offer fines of 4%, 6%, 8%, 10% of a company’s global revenue. If Geico was facing a $3 billion fine, that would likely get someone’s attention. For $10 million, they file an insurance claim and move on. Credit: Reuters

CrowdStrike Booked 30% Increase in Revenue After July “Incident”

CrowdStrike’s revenue was $1.01 billion for third quarter, a 29 percent increase. But that translated to a $17 million loss. They said that they expected an “extended sales cycle”, meaning companies are evaluating their options in the longer term. They said that even though they are offering deal sweeteners, they warned of potentially higher than typical levels of contraction. Bottom line is that companies didn’t have a short term option to change, but may in the long term. Credit: The Register

Data Brokers’ Attempt to Get Case Thrown Out Fails

New Jersey has a law that requires data brokers to remove the names and information of certain people including cops, judges and their family members. They can be fined up to $1,000 per violation. Brokers are getting sued now as they have ignored removal requests. They could be fined, collectively, over $2 billion. They have been trying to get the lawsuit thrown out for obvious reasons. The judge said nice try. I would like these sleazeballs to get fined $2 billion; that works for me. Credit: The Record

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