Indian Bank Blames Hackers for Stealing $2M via SWIFT Platform

India’s City Union Bank said that “cyber criminals” had hacked its systems and transferred nearly $2 million through three unauthorized remittances to lenders overseas via the SWIFT financial platform. The comments come after the small private lender had disclosed it had discovered the three “fraudulent remittances”, which were sent via correspondent banks to accounts in Dubai, Turkey and China.

Scammers Using Zelle to Trick Buyers in Fraudulent Transactions

Scammers have taken to Zelle, the Venmo alternative backed by U.S. banks, to defraud consumers who believe the service includes the same protections they’ve come to expect from PayPal. A number of customers report having lost hundreds, or even thousands of dollars, over Zelle, when they used it for transactions with people they didn’t know -- like tickets bought off a Craigslist posting, for example.

Belgian Court Orders Facebook to Stop Tracking Users' Off-Site Surfing

Facebook Inc. must stop tracking Belgian users’ surfing outside the social network and delete data it’s already gathered, or it will face fines of 250,000 ($312,000) euros a day, a Belgian court ruled.Facebook “doesn’t sufficiently inform” clients about the data it gathers on their broader web use, nor does it explain what it does with the information or say how long it stores it, the Brussels Court of First Instance said in a statement.

Intel Says Shareholders, Customers File 32 Suits Over Security Flaws

Intel Corp. said shareholders and customers had filed 32 class action lawsuits against the company in connection with recently-disclosed security flaws in its microchips. Most of the lawsuits -- 30 -- are customer class action cases that claim that users were harmed by Intel’s “actions and/or omissions” related to the flaws, which could allow hackers to steal data from computers.

Judge Says Embedding a Tweet Can Infringe on Copyright

A New York district court has ruled that embedding a tweet on a webpage could violate copyright — a decision that could have a wide-ranging impact on social media and publishing. Judge Katherine B. Forrest rejected the defense of several news outlets that embedded tweets containing a copyrighted photograph of Tom Brady, saying they could be liable for infringement even if they weren’t hosting the image on their site. 

Special Counsel Indicts Russia's 'Internet Research Agency' in Election

The Justice Department’s special counsel announced the indictment of a notorious Russian troll farm — charging 13 individuals with an audacious scheme to criminally interfere with the 2016 U.S. presidential election. The Internet Research Agency, based in St. Petersburg, Russia, was named in the indictment as the hub of a massive effort to trick Americans into following Russian-fed propaganda — a stunning accusation of criminal conspiracy reaching halfway around the world.

CFTC Warns About Cryptocurrency 'Pump-and-Dump' Scams

The U.S. derivatives regulator warned investors about cryptocurrency “pump-and-dump” scams that aim to rip off investors by inflating the price of volatile virtual tokens through spreading bogus information. The Commodities Futures Trading Commission said in a statement that it had received complaints from investors who had lost money in such schemes, and warned against buying cryptocurrencies based on tips found on social media.

European Commissioner Threatens Sanctions Against Facebook, Others

Europe’s justice commissioner told Facebook, Twitter and Google to do more to bring their user terms in line with EU law, ramping up pressure on the tech giants after their efforts were deemed too little. The European Union executive and consumer protection authorities said the three companies have only partially addressed concerns about their liability and how users were informed about content removal or contract terminations.

U.K. Officials Say Russia 'Almost Certainly Responsible' for 'Petya' Attack

British officials blamed Russia for last June’s massive “Petya” cyberattack, which crippled computer networks at multinational firms including FedEx Corp. , container-ship giant A.P. Moeller-Maersk A/S and pharmaceutical firm Merck & Co. The allegations by London represented the first time a major Western government has pinned blame on Moscow for the incident.

CFTC Commissioner Wants Self-Policing for Cryptocurrency Firms

A top official for a U.S. financial regulator is urging players in the burgeoning cryptocurrency sector to boost their self-policing. Brian Quintenz, a Republican commissioner with the Commodity Futures Trading Commission, said the industry should consider adopting self-regulatory standards and industry-wide best practices while the government mulls its best approach in policing the new technology-driven space.

Online Child Sex Abuse Cases Rise as Live Video Access Grows

Wider access to smartphones and super-fast internet access are giving rise to a disturbing trend: a surge in on-demand, live-streaming online child sexual abuse, according to a report published by a children’s welfare group founded by former Facebook Inc. executive Joanna Shields. The report by WeProtect shows such advances have led to a drop in the cost of accessing a live video stream of child abuse to as little as $15 from about $50 just a few years ago.

U.S. Intelligence Officials Warn Against Using Huawei Products

Six top U.S. intelligence chiefs told the Senate Intelligence Committee on Tuesday they would not advise Americans to use products or services from Chinese smartphone maker Huawei.The six — including the heads of the CIA, FBI, NSA and the director of national intelligence — first expressed their distrust of Apple-rival Huawei and fellow Chinese telecom company ZTE in reference to public servants and state agencies.

  • Read the article: CNBC

Russia May Block YouTube, Instagram After Court Order

Russia may block access to YouTube and Instagram after billionaire Oleg Deripaska won a court injunction against videos and photographs that showed him and Deputy Prime Minister Sergey Prikhodko relaxing on a yacht with a woman described as an escort.Deripaska won an order from the Ust-Labinsk district court in his native Krasnodar region ordering the removal of 14 Instagram posts and seven YouTube videos that breached his right to privacy, according to a spokeswoman for his Basic Element company.

Homeland Security Chief Says Terrorist Using New Ways to Post Online

As major tech companies get better at ridding their platforms of gory videos and calls to commit violence, terrorists are finding new ways to post their messages, Kirstjen Nielsen, secretary of the U.S. Department of Homeland Security, said. "They've continued to demonstrate their will," Nielsen said, noting that blogs, chat rooms and encrypted chat apps can serve as ways for terrorist groups to radicalize and recruit new members.

  • Read the article: CNET

Court Orders Facebook User to Disclose Photos Despite Privacy Setting

New York state’s highest court ruled that Facebook users may be required to turn over photos and other information that are relevant to litigation, even if they are shielded by “privacy” settings. By a 7-0 vote, the Court of Appeals reinstated a trial judge’s ruling requiring a Manhattan woman who was disabled in a horse riding accident to turn over to the defendant horse owner an array of photos taken before and after her injuries.

Cyberattack at Olympics Shuts Down Website, Grounds Drones

A cyberattack caused the Internet disruptions during the Winter Olympics’ opening ceremony, Olympic officials and security experts said. The cyberattack took out Internet access and telecasts, grounded broadcasters’ drones, shut down the Pyeongchang 2018 website, and prevented spectators from printing out reservations and attending the ceremony, which resulted in an unusually high number of empty seats.

Vietnamese Hacker Steals Three Domain Names from Web Hosting Firm

Newtek Business Services Corp., a Web services conglomerate that operates more than 100,000 business Web sites and some 40,000 managed technology accounts, had several of its core domain names stolen over the weekend. The theft shut off email and stranded Web sites for many of Newtek’s customers. Three of their core domains were hijacked by a Vietnamese hacker, who replaced the login page many Newtek customers used to remotely manage their Web sites with a live Web chat service.

German Court Calls Facebook's Use of Personal Data Illegal

A German consumer rights group said that a court had found Facebook’s use of personal data to be illegal because the U.S. social media platform did not adequately secure the informed consent of its users. The Federation of German Consumer Organisations said that Facebook’s default settings and some of its terms of service were in breach of consumer law, and that the court had found parts of the consent to data usage to be invalid.

Cryptocurrency-Mining Scheme Hijacked Government Computers

Official websites across many countries, including the U.S., the U.K., and Australia, were unwittingly drawn into a cryptocurrency-mining scheme that quietly hijacked the computers of people who visited those sites. The affected websites included those for the United States Courts, the U.K.’s National Health Service (NHS) and Information Commissioner’s Office (the British privacy regulator), and the Australian state governments for Victoria and Queensland.