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Weekly Security News for the Week Ending December 20, 2019

Retailer LightInTheBox Exposes 1.6 Billion Customer Records The challenge with today’s big data world is that the breaches are enormous.  LightInTheBox left customer transaction data exposed due to, apparently, a server misconfiguration.   They effectively breached themselves.  The data was a web server log with dates from Aug  9 to Oct 11 of this year.   […]

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Security News for the Week Ending November 8, 2019

Comcast Testing Encrypted DNS While Lobbing Against It Encrypted DNS (either DoH or DoT) has become a political hotbutton.  Recently Vice reported that Comcast is spending hundreds of thousands of dollars lobbying against it.  Mozilla is writing to Congress saying that what Comcast is saying is not true and most interestingly, Comcast is testing its […]

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$1.3 Billion is a Lot of Money

The FBI says that reported losses due to Business EMail Compromise attacks reached a whopping $1.3 billion in 2018, double the losses reported in 2017. On the other hand, the number of ransomware complaints is down to levels reported in 2014. There were 20,373 Business EMail Attacks reported last year, compared to 15,690 in 2017.  […]

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New Business Email Compromise Scam Variant

Some of the most popular business email compromise scams (BEC) target accounting and finance or human resources. The scam usually works something like this.  Someone in the target department – often not too high up in the food chain –  gets a email pretending to be from an executive like the CEO or CFO. The […]

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Business Email Compromise Attacks Are Not Always Sophisticated

  Business email compromise (BEC) attacks are relentlessly attacking businesses with no let-up in sight.  BEC attacks have traditionally used CEOs and CFOs as their foils, pretending to be them and getting people to wire money to the hackers. The oil and gas industry was targeted by a single individual using old generic malware readily […]

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Leoni AG Lost $44 Million to CEO Fraud

Leoni makes cables and wiring harnesses for cars, trucks, healthcare systems, appliances and many other products.   They operate worldwide, are publicly traded, have 75,000 employees and in 2015 had sales of over 4 billion euros.  You would think that a company like this would not fall for a business email compromise scam.  But they […]

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