Squadra Mobile della Questura di Imperia.
Wednesday, May 25, 2016
Failure to secure the organization can be costly. (Something to share with your CEO?)
Austrian Firm Fires CEO After $56-million Cyber Scam
Austrian aircraft parts maker FACC said Wednesday that it has fired its chief executive of 17 years after cyber criminals stole some 50 million euros ($55.7 million) in a so-called "fake president" scam.
FACC, whose customers include Airbus, Boeing and Rolls-Royce, said that the its supervisory board sacked Walter Stephan with immediate effect after he "severely violated his duties".
Press reports said that in January a FACC employee wired around 50 million euros, equivalent to almost 10 percent of annual revenues, after receiving emailed instructions from someone posing as Stephan.
… The company said Wednesday that the scam, also known as "bogus boss" or "CEO fraud" and increasingly popular with sophisticated organized criminals, cost it 41.9 million euros in its 2015/16 business year.
It has managed to claw back 10.9 million euros, it said, but still posted a pretax loss of 23.4 million euros. In February the company also sacked its finance chief because of the slip-up.
There was no suggestion that either executive was involved in the scam.
(Related) The latest Class Action fad?
So here’s another case where employees are suing their employer after their W-2 data was phished. I wonder how many more lawsuits like this we may see, keeping in mind that I’ve listed over 120 entities whose employees had their W-2 data phished.
Joe Robertson reports:
A Rockhurst University employee hopes to represent some 1,200 school staffers in seeking damages for a data breach last month.
Someone duped university staff into supplying information on IRS W-2 forms, including Social Security numbers, in an act of fraud April 4.
The lawsuit filed Thursday in Jackson County Circuit Court by Alexandria Stobbe said the university was willful and reckless in exposing the personal information in “flagrant disregard” for the employees’ rights to privacy and property.
Read more on Kansas City Star.
Could these be the guys who hit Japanese ATMs?
On 18 May 2016, the French Gendarmerie of Pau, in close cooperation with the Investigative Unit of the Italian State Police of Imperia and Europol, disrupted an international criminal group responsible for large-scale ATM skimming and money laundering. Composed mainly of French-Italian nationals, the criminal network used sophisticated ATM skimming devices which allowed them to compromise ATMs and perform fraudulent withdrawals outside the EU. Estimated losses incurred by the criminals’ activities amount to more than half a million euros.
This operation resulted in multiple house searches and the final arrest of nine individuals in France. Micro camera bars, card readers, magnetic strip readers and writers, computers, phones and flash drives, two hand guns, five vehicles, as well as thousands of plastic cards ready to be encoded, were seized in several locations between France and Italy as part of this operation.
The primary modus operandi of the criminals was to harvest financial data from ATMs in different areas of France. The compromised card data, which was used to create fake payment cards, was stored on a cloud server managed by the members of the criminal organisation. These fake cards were used to withdraw large amounts of cash from ATMs outside the European Union (Asia and the US).
Europol’s European Cybercrime Centre (EC3) initiated the case early this year and supported the involved law enforcement authorities in their efforts to identify the suspects. Operational meetings were held at Europol’s headquarters in The Hague and EC3 provided analytical and forensic support throughout the investigation including the deployment of a mobile office and a forensic expert during the final action day to assist the French authorities.
In addition, Europol’s information and analysis systems were used to exchange and cross-check intelligence received from EU Member States and non-EU countries with which Europol has operational agreements.
 Section de Recherches de Pau.
 Squadra Mobile della Questura di Imperia.
 Squadra Mobile della Questura di Imperia.
This should make future clashes interesting. (Something for my Computer Security classes)
Bad News, FBI: Apple Hires Security Pro Jon Callas
If the FBI was hoping Apple CEO Tim Cook was all talk when he said his company is digging in its heels to protect user privacy, it's time to put on the disappointed face because Jon Callas is back on the payroll. His credentials in the security and privacy world make him a strong asset for Apple—just as he was when he previously worked for the company—and should have the FBI very worried about how far it'll be able to hack into future iPhones and Macs.
Mr. Callas rejoined Apple in May, according to Reuters, although the company isn't saying which projects he'll be working on. Considering his history and skills, it's a safe bet it'll be security and encryption-related.
This isn't the first security related hire for Apple since its standoff with the FBI. George Stathakopoulos joined the company in March and is tasked with protecting customer and corporate data, and it's a safe bet other experts have come on board to help shore up iOS and OS X security.
Should law enforcement be banned from using public information that any teenager can access, or is it the tool that makes it simple that causes concern? Can I get a copy for my students?
Joe Cadillic is working on a series of posts. I was going to wait to post the whole series, but I’ve decided to go ahead and post something about the first one now, because I don’t think the topic’s gotten enough attention.
Thanks to Purdue University and Homeland Security, police can now access public CCTV cameras anywhere.
Purdue researchers have developed a prototype system called ‘Visual Analytics for Command, Control and Interoperability Environments‘ (VACCINE) which allows law enforcement to tap into thousands of CCTV cameras. This means police can spy on you in parking garages, college campuses, national parks, highways etc., no place is safe from Big Brother.
VACCINE allows police to spy on millions of images of citizens daily.
“Although the [CCTV] cameras are not deployed for surveillance purposes, they can be utilized to increase public safety by properly integrating with current surveillance systems” said Yung-Hsiang Lu, an associate professor of electrical and computer engineering.
Read more of Part 1 on MassPrivateI.
A new legal specialty?
Tech woes stymie jury in Oracle case aginst Google
As if the jury deciding the Oracle v. Google trial didn't have enough on its plate already.
Deliberations were interrupted Tuesday when the 10-member panel ran into technical problems trying to review evidence from the case given to them on a PC.