June 10, 2016

Herjavec Security News Watch: June 4 – 10, 2016

Stay up to date on the latest cybersecurity news, activity, trends and breaches. Follow Herjavec Group’s Security News Watch each week and stay informed.

In the News

Another Day, Another Hack: 100 Million Accounts for VK, Russia’s Facebook: Peace, the hacker reportedly behind the Myspace and LinkedIn data breaches, targets social media network VK.com, Russia’s Facebook by putting up 100 million accounts for sale on the dark web. 

Mark Zuckerberg’s Twitter and Pinterest Accounts Hacked, LinkedIn Password Dump Likely to Blame: It seems not even Mark Zuckerberg is immune from getting hacked. Two of his social media profiles were hijacked. 

Russia Arrests 50, Shuts Down 5-Year $25M Cyber Bank Robbery: The group suspected to be behind the theft of 1.7 billion rubles($25 million) from Russian banks has been arrested. Active since 2011, the group used a Trojan called Lurk to steal the money. 

How Rio 2016 Will Be Secured in the Cloud: For the first time in Olympic history, the 2016 Rio Olympics will be managed and secured completely through the cloud.

123456 is the Most Common Password in a Massive Twitter Heist: Almost 33 million Twitter credentials were compromised supposedly via malware attack and the most common password was found to be 123456. 

Uber Pays Researcher $10K for Login Bypass Exploit: Earlier this year, Uber launched a bug bounty program in order to discover possible security flaws. Last month, Uber awarded Juoko Pynnonen $10K for discovering a login exploit.

CEO Sacked After Aircraft Company Grounded by Whaling Attack: After an Austrian aircraft company lost close to $41 million as result of email fraud, its CEO of 17 years was fired.

State of the Industry

Defense in Depth: Why Network Technology Providers Are Bolstering Their Portfolios with Endpoint Solutions: It’s no surprise that more network technology providers are offering endpoint solutions given our rapidly increasing dependency on these endpoints. 

Survey: 85 Percent of Senior Security Pros Say More than Half of IoT Products Are Not Secure: The Internet of Things (IoT) can be a “security minefield” but a recent survey showed 85% of senior security pros believe that more than 50% of IoT products are insecure. 

Cyber Needs to Speak Language of the C-Suite: With the heightened frequency of cyber attacks, it has become highly critical to communicate with all C-level executives on all-things-cyber and the best way to do is simple: create a language they understand. 

About Herjavec Group

Dynamic IT entrepreneur Robert Herjavec founded Herjavec Group in 2003 to provide cybersecurity solutions and services to enterprise organizations. Herjavec Group delivers SOC 2 Type 2 certified managed security services globally supported by a state-of-the-art, PCI compliant, Security Operations Centre (SOC), operated 24/7/365 by certified security professionals. This expertise is coupled with leadership positions across a wide range of functions including consulting, professional services & incident response. Herjavec Group has offices globally including head offices in Toronto (Canada), New York City (USA), Reading (United Kingdom) and Sydney (Australia).  For more information, visit www.herjavecgroup.com.

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