A Canadian university transferred more than $11 million CAD (around $9 million USD) to a scammer that university staff believed to be a vendor in a phishing attack, a university statement published on Thursday states. From a report: Staff at MacEwan University in Edmonton, Alberta became aware of the fraud on Wednesday, August 23, the statement says. According to the university, the attacker sent a series of emails that convinced staff to change payment details for a vendor, and that these changes resulted in the transfer of $11.8 million CAD into bank accounts that the school has traced to Canada and Hong Kong. The school is working with authorities in Edmonton, Montreal, London, and Hong Kong, the statement reads. According to the university, its IT systems were not compromised and no personal or financial information was stolen. A phishing scam is not technically a “hack, ” it should be noted, and only requires the attacker to convince the victim to send money. The school’s preliminary investigation found that “controls around the process of changing vendor banking information were inadequate, and that a number of opportunities to identify the fraud were missed.” Read more of this story at Slashdot.
Original post:
A Canadian University Gave $11 Million To a Scammer
An anonymous reader shares a report: The ‘creator’ of Bitcoin, Satoshi Nakamoto, is the world’s most elusive billionaire. Very few people outside of the Department of Homeland Security know Satoshi’s real name. In fact, DHS will not publicly confirm that even THEY know the billionaire’s identity. Satoshi has taken great care to keep his identity secret employing the latest encryption and obfuscation methods in his communications. Despite these efforts (according to my source at the DHS) Satoshi Nakamoto gave investigators the only tool they needed to find him — his own words. Using stylometry one is able to compare texts to determine authorship of a particular work. Throughout the years Satoshi wrote thousands of posts and emails and most of which are publicly available. According to my source, the NSA was able to the use the ‘writer invariant’ method of stylometry to compare Satoshi’s ‘known’ writings with trillions of writing samples from people across the globe. By taking Satoshi’s texts and finding the 50 most common words, the NSA was able to break down his text into 5, 000 word chunks and analyse each to find the frequency of those 50 words. This would result in a unique 50-number identifier for each chunk. The NSA then placed each of these numbers into a 50-dimensional space and flatten them into a plane using principal components analysis. The result is a ‘fingerprint’ for anything written by Satoshi that could easily be compared to any other writing. The NSA then took bulk emails and texts collected from their mass surveillance efforts. First through PRISM and then through MUSCULAR, the NSA was able to place trillions of writings from more than a billion people in the same plane as Satoshi’s writings to find his true identity. The effort took less than a month and resulted in positive match. Read more of this story at Slashdot. 
According to Variety, AT&T’s pay-TV business has lost a record 351, 000 traditional video customers in the second quarter, with the internet-delivered DirecTV Now service failing to fully offset the losses. From the report: In Q2, historically a seasonally weak period for the pay-TV business, DirecTV’s U.S. satellite division lost 156, 000 customers sequentially, dropping to 20.86 million, compared with a gain of 342, 000 in the year-earlier quarter. AT&T’s U-verse lost 195, 000 subs in the quarter, which was actually an improvement over the 391, 000 it lost in Q2 of 2016. AT&T touted that it gained 152, 000 DirecTV Now customers in Q2, after adding just 72, 000 in the first quarter of 2017. Overall, it had signed up 491, 000 DirecTV Now subs as of the end of June, after the OTT service launched seven months ago. Read more of this story at Slashdot.