These are some of the cybersecurity and cyberwar stories we are tracking:
Bitcoin’s Price Was Artificially Inflated Last Year, Researchers Say
New York Times is reporting on a topic most readers will have already seen at OODAloop. OODAloop provided some great context on the manipulation of bitcoin prices in: Let’s be Honest…the Price of Bitcoin is Likely Being Manipulated. Reminder for those yet to read the report: The last years meteoric 500 % rise in Bitcoin prices to an all-time high was not a result of demand but manipulation by select traders. Researchers have claimed that Bitcoin prices were inflated using another cryptocurrency Tether via Bitfinex bitcoin exchange. “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” finance professor John Griffin and co-author Amin Shams wrote in a paper released Wednesday. As usual, OODAloop caught and highlighted the importance of the trend there long before the mainstream media. But it is always good to see others reporting on these important topics.
Breach at One of Europe’s Biggest PC Superstore Chains Exposes 5.9 Million Payment Cards
Data breaches have become so common that we have come to expect at least one breach a day but not this massive. European mega electronics store chain Dixons Carphone has reported a massive data breach. Dixons Carphone said on Wednesday that unknown hackers accessed their webs servers and could have access to a whopping 5.9 million payment cards and 1.2 million personal records. This could turn out to be 2018s biggest data breach yet. Read the full story on Gizmodo.
Facebook demands advertisers have consent for email/phone targeting
Still reeling from the Cambridge Analytica data breach scandal, Facebook suffered another user umbrage for selling user information to Chinese smartphone makers. Now, Mark Zuckerberg is looking to mend lost Facebook goodwill with new guidelines and privacy policies. From July 2, Facebook will require businesses using its Custom Audiences ad tool declare whether contact information was gained with user consent. Facebook is hoping to avoid another privacy scandal by adding new accountability and transparency requirements for businesses. Source: Tech Crunch.
Apple Tries to Stop Developers From Sharing Data on Users’ Friends
While Facebook is fighting a lone battle against scandals, iPhone maker is surging ahead with putting in place new rules and terms of service. Now Apple’s App Store has a rule in place to ban iOS developers from making databases of users’ address book info and limit what can be shared with third parties. This is what is called taking precautions before any massive scandal hits the company. Read more about Apple’s new rules on Bloomberg.
U.S. sanctions Russians over military, intelligence hacking
The U.S. Treasury imposed sanctions on three Russian individuals and five companies on Monday, saying they had worked with Moscow’s military and intelligence services on ways to conduct cyber attacks against the United States and its allies. US Treasury said that they helped Russia conduct cyberattacks, including NotPetya, against US and its allies. Source: Reuters.