Tag: technology

Up To 1.4M More Fake Wells Fargo Accounts Possible

An anonymous reader quotes the Bay Area Newsgroup: Wells Fargo may have opened as many as 3.5 million bogus bank accounts without its customers’ permission, attorneys for customers suing the bank have alleged in a court filing, suggesting the bank may have created far more fake accounts than previously indicated. The plaintiffs’ new estimate of bogus bank accounts is about 1.4 million, or 67%, higher than the original estimate — disclosed last year as part of a settlement with regulators — that up to 2.1 million accounts were opened without customers’ permission… The attorneys covered a period from 2002 to 2017, rather than the previously scrutinized five-year stretch from 2011 to some time in 2016 in which the bank acknowledged setting up unauthorized accounts. Wells Fargo terminated 5, 300 employees for creating fake accounts, and their CEO now acknowledges that “we had an incentive program and a high-pressure sales culture within our community bank that drove behavior that many times was inappropriate and inconsistent with our values.” In a possibly-related story, Wells Fargo plans to shut 450 branches over the next two years. Read more of this story at Slashdot.

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Up To 1.4M More Fake Wells Fargo Accounts Possible

Germany Sets New National Record With 85 Percent of Its Electricity Sourced From Renewables

Germany was able to set a new national record for the last weekend of April with 85 percent of all electricity consumed in the country being produced from renewables — wind, solar, biomass, and hydroelectric power. Digital Trends reports: Aided by a seasonal combination of windy but sunny weather, during that weekend the majority of Germany’s coal-fired power stations weren’t even operating, while nuclear power stations (which the country plans to phase out by the year 2022) were massively reduced in output. To be clear, this is impressive even by Germany’s progressive standards. By comparison, in March just over 40 percent of all electricity consumed in the country came from renewable sources. However, while the end-of-April weekend was an aberration, the hope is that it won’t be for too much longer. According to Patrick Graichen of the country’s sustainability-focused Agora Energiewende Initiative, German renewable energy percentages in the mid-80s should be “completely normal” by the year 2030. Read more of this story at Slashdot.

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Germany Sets New National Record With 85 Percent of Its Electricity Sourced From Renewables

New Ransomware ‘Jaff’ Spotted; Malware Groups Pushing 5M Emails Per Hour To Circulate It

An anonymous reader writes: The Necurs botnet has been harnessed to fling a new strain of ransomware dubbed “Jaff”. Jaff spreads in a similar way to the infamous file-encrypting malware Locky and even uses the same payment site template, but is nonetheless a different monster. Attached to dangerous emails is an infectious PDF containing an embedded DOCM file with a malicious macro script. This script will then download and execute the Jaff ransomware. Locky — like Jaff — also used the Necurs botnet and a booby-trapped PDF, security firm Malwarebytes notes. “This is where the comparison ends, since the code base is different as well as the ransom itself, ” said Jerome Segura, a security researcher at Malwarebytes. “Jaff asks for an astounding 2 BTC, which is about $3, 700 at the time of writing.” Proofpoint reckons Jaff may be the work of the same cybercriminals behind Locky, Dridex and Bart (other nasty malware) but this remains unconfirmed. And Forcepoint Security Labs reports that malicious emails carrying Jaff are being cranked out at a rate of 5 million an hour on Thursday, or 13 million in total at the time it wrote up a blog post about the new threat. Read more of this story at Slashdot.

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New Ransomware ‘Jaff’ Spotted; Malware Groups Pushing 5M Emails Per Hour To Circulate It

Google Found Over 1,000 Bugs In 47 Open Source Projects

Orome1 writes: In the last five months, Google’s OSS-Fuzz program has unearthed over 1, 000 bugs in 47 open source software projects… So far, OSS-Fuzz has found a total of 264 potential security vulnerabilities: 7 in Wireshark, 33 in LibreOffice, 8 in SQLite 3, 17 in FFmpeg — and the list goes on… Google launched the program in December and wants more open source projects to participate, so they’re offering cash rewards for including “fuzz” targets for testing in their software. “Eligible projects will receive $1, 000 for initial integration, and up to $20, 000 for ideal integration” — or twice that amount, if the proceeds are donated to a charity. Read more of this story at Slashdot.

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Google Found Over 1,000 Bugs In 47 Open Source Projects

Microsoft Finally Bans SHA-1 Certificates In Its Browsers

An anonymous reader quotes ZDNet: With this week’s monthly Patch Tuesday, Microsoft has also rolled out a new policy for Edge and Internet Explorer that prevents sites that use a SHA-1-signed HTTPS certificate from loading. The move brings Microsoft’s browsers in line with Chrome, which dropped support for the SHA-1 cryptographic hash function in January’s stable release of Chrome 56, and Firefox’s February cut-off… Apple dropped support for SHA-1 in March with macOS Sierra 10.12.4 and iOS 10.3… Once Tuesday’s updates are installed, Microsoft’s browsers will no longer load sites with SHA-1 signed certificates and will display an error warning highlighting a security problem with the site’s certificate. Read more of this story at Slashdot.

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Microsoft Finally Bans SHA-1 Certificates In Its Browsers

Trump Signs Executive Order On Cybersecurity

President Trump on Thursday signed a long-delayed executive order on cybersecurity that “makes clear that agency heads will be held accountable for protecting their networks, and calls on government and industry to reduce the threat from automated attacks on the internet, ” reports The Washington Post. From the report: Picking up on themes advanced by the Obama administration, Trump’s order also requires agency heads to use Commerce Department guidelines to manage risk to their systems. It commissions reports to assess the country’s ability to withstand an attack on the electric grid and to spell out the strategic options for deterring adversaries in cyberspace. [Thomas Bossert, Trump’s homeland security adviser] said the order was not, however, prompted by Russia’s targeting of electoral systems last year. In fact, the order is silent on addressing the security of electoral systems or cyber-enabled operations to influence elections, which became a significant area of concern during last year’s presidential campaign. The Department of Homeland Security in January declared election systems “critical infrastructure.” The executive order also does not address offensive cyber operations, which are generally classified. This is an area in which the Trump administration is expected to be more forward-leaning than its predecessor. Nor does it spell out what type of cyberattack would constitute an “act of war” or what response the attack would invite. “We’re not going to draw a red line, ” Bossert said, adding that the White House does not “want to telegraph our punches.” The order places the defense secretary and the head of the intelligence community in charge of protecting “national security” systems that operate classified and military networks. But the secretary of homeland security will continue to be at the center of the national plan for protecting critical infrastructure, such as the electric grid and financial sector. Read more of this story at Slashdot.

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Trump Signs Executive Order On Cybersecurity

Germany Sets New National Record With 85 Percent of Its Electricity Sourced From Renewables

Germany was able to set a new national record for the last weekend of April with 85 percent of all electricity consumed in the country being produced from renewables — wind, solar, biomass, and hydroelectric power. Digital Trends reports: Aided by a seasonal combination of windy but sunny weather, during that weekend the majority of Germany’s coal-fired power stations weren’t even operating, while nuclear power stations (which the country plans to phase out by the year 2022) were massively reduced in output. To be clear, this is impressive even by Germany’s progressive standards. By comparison, in March just over 40 percent of all electricity consumed in the country came from renewable sources. However, while the end-of-April weekend was an aberration, the hope is that it won’t be for too much longer. According to Patrick Graichen of the country’s sustainability-focused Agora Energiewende Initiative, German renewable energy percentages in the mid-80s should be “completely normal” by the year 2030. Read more of this story at Slashdot.

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Germany Sets New National Record With 85 Percent of Its Electricity Sourced From Renewables

Up To 1.4M More Fake Wells Fargo Accounts Possible

An anonymous reader quotes the Bay Area Newsgroup: Wells Fargo may have opened as many as 3.5 million bogus bank accounts without its customers’ permission, attorneys for customers suing the bank have alleged in a court filing, suggesting the bank may have created far more fake accounts than previously indicated. The plaintiffs’ new estimate of bogus bank accounts is about 1.4 million, or 67%, higher than the original estimate — disclosed last year as part of a settlement with regulators — that up to 2.1 million accounts were opened without customers’ permission… The attorneys covered a period from 2002 to 2017, rather than the previously scrutinized five-year stretch from 2011 to some time in 2016 in which the bank acknowledged setting up unauthorized accounts. Wells Fargo terminated 5, 300 employees for creating fake accounts, and their CEO now acknowledges that “we had an incentive program and a high-pressure sales culture within our community bank that drove behavior that many times was inappropriate and inconsistent with our values.” In a possibly-related story, Wells Fargo plans to shut 450 branches over the next two years. Read more of this story at Slashdot.

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Up To 1.4M More Fake Wells Fargo Accounts Possible

New Ransomware ‘Jaff’ Spotted; Malware Groups Pushing 5M Emails Per Hour To Circulate It

An anonymous reader writes: The Necurs botnet has been harnessed to fling a new strain of ransomware dubbed “Jaff”. Jaff spreads in a similar way to the infamous file-encrypting malware Locky and even uses the same payment site template, but is nonetheless a different monster. Attached to dangerous emails is an infectious PDF containing an embedded DOCM file with a malicious macro script. This script will then download and execute the Jaff ransomware. Locky — like Jaff — also used the Necurs botnet and a booby-trapped PDF, security firm Malwarebytes notes. “This is where the comparison ends, since the code base is different as well as the ransom itself, ” said Jerome Segura, a security researcher at Malwarebytes. “Jaff asks for an astounding 2 BTC, which is about $3, 700 at the time of writing.” Proofpoint reckons Jaff may be the work of the same cybercriminals behind Locky, Dridex and Bart (other nasty malware) but this remains unconfirmed. And Forcepoint Security Labs reports that malicious emails carrying Jaff are being cranked out at a rate of 5 million an hour on Thursday, or 13 million in total at the time it wrote up a blog post about the new threat. Read more of this story at Slashdot.

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New Ransomware ‘Jaff’ Spotted; Malware Groups Pushing 5M Emails Per Hour To Circulate It

Researchers Find New Version Of WanaDecrypt0r Ransomware Without A Kill Switch

Remember that “kill switch” which shut down the WannCry ransomware? An anonymous reader quotes Motherboard: Over Friday and Saturday, samples of the malware emerged without that debilitating feature, meaning that attackers may be able to resume spreading ransomware even though a security researcher cut off the original wave. “I can confirm we’ve had versions without the kill switch domain connect since yesterday, ” Costin Raiu, director of global research and analysis team at Kaspersky Lab told Motherboard on Saturday… Another researcher confirmed they have seen samples of the malware without the killswitch. Read more of this story at Slashdot.

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Researchers Find New Version Of WanaDecrypt0r Ransomware Without A Kill Switch