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Phishing still the leading way attackers breach security controls: IBM

IBM’s annual X-Force Threat Intelligence Index, an analysis of data gathered from network sensors and incident investigations, is filled with a dizzying array of numbers about breaches of security controls.

But arguably only one is the most important: The one that shows us how most successful attacks start. And the answer for 2022 — again — is phishing.

The report, released today, says phishing remained the leading infection vector last year, identified in 41 per cent of incidents. Of those phishing attacks, 62 per cent were spear-phishing.

The exploitation of public-facing applications — because, for example, they were unsecured or unpatched — accounted for 26 per cent of incidents.

Abuse of valid accounts was identified in 16 per cent of the observed incidents. These are cases where adversaries obtained and abused the credentials of existing accounts as a means of gaining access. These incidents included cloud accounts, default accounts, domain accounts, and local accounts.

The exploitation of remote services was the fourth most common attack vector, used in 12 per cent of successful attacks. Not every vulnerability exploited by threat actors results in a cyber incident, the report adds. The number of incidents resulting from vulnerability exploitation in 2022 decreased 19 per cent from 2021, after rising 34 per cent from 2020. IBM believes this swing was driven by the widespread Log4J vulnerability at the end of 2021.

Infections by malicious macros have fallen out of favor, adds the report, likely due to Microsoft’s decision to block macros by default. To compensate, attackers are increasingly using malicious ISO and LNK files as the primary tactic to deliver malware through spam.

Among other interesting numbers:

–- credit card information as a target in phishing kits dropped significantly. Last year only 29 per cent of phishing kits targeted credit cards. That suggests phishers are prioritizing personally identifiable information (PII), says the report;

— although ransomware’s share of incidents declined only slightly (4 percentage points) from 2021 to 2022, defenders were more successful in detecting and preventing ransomware. Despite this, attackers continued to innovate, with the report showing the average time to complete a ransomware attack dropped from two months down to less than four days;

— the deployment of backdoors after gaining access emerged as the top action by attackers last year. Twenty-one per cent of incidents involved the installation of backdoors. About 67 per cent of those backdoor cases were related to ransomware attempts where defenders were able to detect the backdoor before ransomware was deployed, says the report. The uptick in backdoor deployments can be partially attributed to their high market value, the report says. Threat actors last year sold existing backdoor access for as much as US$10,000, compared to stolen credit card data, which can sell for less than US$10 today;

— the second most common action after getting network access was deploying ransomware. One particularly damaging way ransomware operators distribute their payload across a network is by compromising domain controllers, the report notes;

— the most common impact from cyberattacks in 2022 was extortion, which was primarily achieved through ransomware or business email compromise attacks. Europe was the most targeted region for this method, representing 44 per cent of extortion cases observed, as threat actors sought to exploit geopolitical tensions. Data theft and credential harvesting were the second and third most common impacts;

— thread hijacking saw a significant rise in 2022, with attackers using compromised email accounts to reply within ongoing conversations, posing as the original participant;

— the proportion of known exploits relative to vulnerabilities declined 10 percentage points from 2018 to 2022, due to the fact that the number of vulnerabilities hit another record high in 2022. IBM concludes that legacy exploits enabled older malware infections such as WannaCry and Conficker to continue to exist and spread. On the other hand, the reduction of vulnerabilities with known exploits is evidence of the benefit of a well-maintained patch management process, the report says;

— don’t forget to close the door (or, more accurately, the ports) on USB-based attacks. In 2022, IBM saw the spread of the Raspberry Robin worm through employees plugging in infected USB devices. By early August, Raspberry Robin peaked at 17 per cent of infection attempts that X-Force observed;

— on the operational technology (OT) side, industrial control systems (ICS) vulnerabilities discovered in 2022 decreased for the first time in two years (457 in 2022 compared to 715 in 2021 and 472 in 2020). One explanation, says the report, may be found in ICS lifecycles and how they’re generally managed and patched. Attackers know that, with the demand for minimal downtime, long equipment lifecycles, and older, less-supported software, many ICS components and OT networks are still at risk from older vulnerabilities. Infrastructure is usually in place for many years longer than standard office workstations, which extends the lifespan of ICS-specific vulnerabilities beyond those that exploit IT.

Among the report’s recommendations for infosec leaders:

— organizations should develop incident response plans customized for their environment. Those plans should be regularly tested and modified as the organization changes, with a focus on improving response, remediation and recovery time;

— prioritizing the discovery of assets on the perimeter, understanding the organization’s exposure to phishing attacks, and reducing those attack surfaces further contribute to holistic security. Extend asset management programs to include source code, credentials, and other data that could already exist on the internet or dark web;

— have appropriate visibility into the data sources that would indicate an attacker’s presence.

The full report can be downloaded here. Registration required.

The post Phishing still the leading way attackers breach security controls: IBM first appeared on IT World Canada.

Government of Canada invests $94 million to provide high-speed internet access to homes and communities in Newfoundland and Labrador

Today, the governments of Canada and Newfoundland and Labrador announced an investment of up to C$94 million to provide high speed internet access to 36,000 homes and 350 rural, remote, and Indigenous communities across the eastern province. 

Bell and Xplore will be responsible for connecting these homes and communities by December 2025 and March 2026, respectively.

Today’s announcement is part of an existing historic agreement between the governments of Canada and Newfoundland and Labrador, announced in February 2022, to invest up to C$136 million to connect all remaining rural, remote, and Indigenous homes throughout the province to high-speed internet.

Since 2015, the government of Canada has invested over C$146 million in connectivity projects in Newfoundland and Labrador.

“We all know that internet is no longer a luxury in this day and age—it’s a necessity. That’s why our federal government made a historic commitment to connect 98 per cent of Newfoundlanders and Labradorians to high-speed Internet by 2026, and 100 per cent by 2030,” said Minister of Rural Economic Development Gudie Hutchings.

So far, 93.5 per cent of Canadian homes have access to high-speed Internet or are targeted to receive access through existing program commitments.

Residents can track the progress of the broadband project in their communities, see its estimated completion date, and more, through canada.ca/rural.

The post Government of Canada invests $94 million to provide high-speed internet access to homes and communities in Newfoundland and Labrador first appeared on IT World Canada.

Hashtag Trending Feb.22nd-Four-day work week worth more than money; data centers used by Alibaba, Amazon, Apple breached; 60 countries including China agree to regulate military AI

Four-day work week worth more than money, hackers access data from Asian data center operators used by Alibaba, Amazon, Apple and more, and 60 countries, including China sign agreement to regulate military AI.



 

It’s Wednesday, February 22nd. These stories and more on Hashtag Trending–today’s top technology news stories. I’m your host, Jim Love.

92 per cent of companies involved in the massive four-day work week trial in the UK are sticking to it. 

The pilot for a four day work week that involved 3,000 employees across 61 British companies is now over and the results are worth thinking about, especially for companies struggling to attract and retain high value employees.

Of the 61 companies that participated, 56 will continue to offer a shorter week, although only 18 companies would commit to the policy becoming a permanent change.

Taking place over a period of six months from June to December last year, the trial did not require any employees’ salaries to be altered, nor were they asked to work extended hours.

The results of the trial consolidate the findings from previous research from 4 Day Week Global, which found that 63 per cent of businesses surveyed found it easier to attract and retain employees after switching to a four-day work week.

Other staffers who participated also suggested that the four-day work week could be more attractive than money. 15 per cent said “no amount of money” would induce them to accept a five-day schedule over the four-day week to which they were now accustomed.

Company revenue also stayed broadly the same over the trial period, rising by 1.4 percent on average, weighted by company size, across respondent organizations.

Plus, the trial concluded that a shorter work week led to more efficient meetings, increased productivity and morale by a whopping 40 per cent.

Source: The Register

Amazon employees take a huge pay cut as stock prices decline

Some Amazon corporate employees will be paid as much as 50 per cent less than previously expected in 2023 because of the company’s falling stock price, the Wall Street Journal reported on Monday.

Employees’ annual salaries are generally made up of cash compensation and awards of restricted stock units, but because of the 35 per cent decline in Amazon’s share this year, total compensation is set to drop sharply.

An Amazon spokesperson said to Insider that their compensation, is designed to encourage employees to “think like owners” but the model “comes with some year-to-year upside and some risk because the share price can fluctuate”

Amazon’s share price has fallen from around $150 per share in February 2022, to around $97 per share as of Tuesday, a drop of $53, or 35 per cent, Markets Insider data shows.

The company also recently announced plans to lay off 18,000 employees.

Source: Business Insider

Layoffs have indeed rattled the tech industry, but the outlook remains bright for developers, according to news site InfoWorld.

Career experts say hiring remains steady in transportation, manufacturing, healthcare, and other sectors and all are looking for developers with the skills to create innovative products and services.

Recruitment agency Robert Half maintained that hiring will increase early this year, stressing that the need to maintain or further develop organizational technology remains robust, despite the slowing economy.

Plus, the need for developers extends beyond the tech industry.

“Every company today is a tech company in some capacity, and that’s certainly true when it comes to software development,” says Nick Kolakowski, senior editor of Dice Insights at technology career marketplace Dice.

And these non-traditional technology companies, like in automotive, education, healthcare or food are now chasing the developers laid off from traditional tech companies.

Even though recent layoff news from big technology companies is making technology professionals feel less secure about their jobs, “job market prospects are still bright for software developers,” says Sinem Buber, lead economist with jobs site ZipRecruiter.

Still, 80 per cent of job postings are listed within the traditional tech sector. 

But developers can still look to join fast-growing fields like IoT and cybersecurity.

Plus, The U.S. Bureau of Labor Statistics (BLS) found that overall employment of software developers, quality assurance analysts, and testers is expected to grow 25 percent between 2021 and 2031, much faster than the average for all occupations.

According to Infoworld, “The future is bright, if you know where to look”

Source: InfoWorld

Asia’s largest data centres were hacked and with them, some of the world’s largest companies.

According to documents reviewed by Bloomberg, hackers have gotten hold of login credentials for data centers in Asia used by some of the world’s biggest businesses including Alibaba, Amazon, Apple, BMW, Goldman Sachs, Huawei, Microsoft and Walmart.

Shanghai-based GDS Holdings Ltd. and Singapore-based ST Telemedia Global Data Centres are the two impacted data centers that led to emails and passwords on customer-support websites being breached, affecting about 2,000 customers.

The hackers had access to the login credentials for more than a year before posting them for sale on the dark web last month, for $175,000, according to cybersecurity company Resecurity Inc. and a screenshot of the posting reviewed by Bloomberg.

Both data center operators said the rogue credentials didn’t pose a risk to clients’ IT systems or data but executives from four impacted US-based companies said the stolen credentials represented an unusual and serious danger, primarily because the customer-support websites control who is allowed to physically access the IT equipment housed in the data centers.

“The worst-case scenario for any data center operator is that attackers somehow get physical access to clients’ servers and install malicious code or additional equipment, said Michael Henry, former chief information officer for Digital Realty Trust Inc., one of the biggest US data center operators. “If they can achieve that, they can potentially disrupt communications and commerce on a massive scale.”

Among the companies affected, several declined to comment on the breach or claimed that the risk is minimal.

Source: Data Center Knowledge

Microsoft is preparing to launch a new version of Microsoft Teams, designed to deliver higher performance and use less resources on desktops.

The upgrade has involved moving from Angular to the React JavaScript framework, and switching from Electron, the cross-platform desktop app development framework, to Edge’s WebView2.

Performance improvements include reduced latency and page-load times, smoother scrolling and faster loading for the compose message box.

Source: ZDNET

Google also has some new updates for Chrome users aimed at relieving the resource and memory demands that have plagued the Chrome browser.

The giant is rolling out Energy Saver and Memory Saver, announced back in December, with the release of Chrome 110. The features will be turned on by default. 

Memory Saver will help users keep multiple tabs open at once, frees up memory from inactive tabs and ensures active websites run smoothly. In comparison, Battery Saver mode kicks in once a laptop’s battery level reaches 20 per cent, limiting background activity and visual effects on websites with animations and video.

Both modes can be disabled in settings.

Source: ZDNET

Your WhatsApp account can get inadvertently hijacked, who would’ve thought?

A reader, Eric, told news site The Register that this happened to his son, Ugo.

Upon changing his phone number, Ugo received a barrage of a stranger’s private WhatsApp messages and was even able to send messages to all of the person’s contacts.

The security hole stems from wireless carriers’ practice of recycling former customers’ phone numbers and giving them to new customers.

A WhatsApp spokesperson acknowledged that this can happen but it is extremely rare.

If a person no longer wants to use a WhatsApp account tied to a particular phone number, then they should transfer it to a new number or delete the account within the app, the spokesperson said. He added that two-step verification is strongly recommended for more security.

WhatsApp’s parent company Meta said that it has doesn’t have control over telecom providers who reissue phone numbers or with users having a phone number linked to their Facebook account that is no longer registered to them.

Regardless, the messaging company should take steps to mitigate the problem, Eric believes, like checking to ensure a user’s phone number is correct or provide a help page on how to transfer accounts.

Source: The Register

We have been talking in previous episodes the harms and absurdities that appeared with the recent viral developments in AI. But AI’s misuse in warfare could potentially be the gravest.

Sixty countries including China have signed an agreement at the first global Summit on Responsible Artificial Intelligence in the Military Domain (REAIM) to develop and use military AI in a responsible manner. They committed to abide by “international legal obligations and not compromise “international security, stability, and accountability,” with their use of AI.

All nations that attended the summit, except for Israel, signed the agreement. Russia was not invited to take part, while Ukraine did not attend.

The signatories sought to address the reliability of military AI, the unintended consequences of its use, escalation risks, and the way humans need to be involved in the decision-making process.

India’s push into AI-powered military systems potentially leading to a nuclear war with Pakistan is one of the predominant consequences that many fear.

However, some attendees did point out the benefits of using AI in conflict, especially in Ukraine where ML and other similar technology has been used to fend off a bigger aggressor.

“Imagine a missile hitting an apartment building,” said Dutch deputy prime minister Wopke Hoekstra. “In a split second, AI can detect its impact and indicate where survivors might be located. Even more impressively, AI could have intercepted the missile in the first place. 

Critics of the agreement however argue that it is not legally binding and fails to address many other concerns around military AI.

The summit was co-hosted by the Netherlands and South Korea last week at The Hague. 

Source: TechSpot

That’s the top tech news stories for today.

Links to these stories can be found in the article posted on itworldcanada.com/podcasts. You can also find more great stories and more in-depth coverage on itworldcanada.com or in the US on technewsday.com

If you’re trying to keep up on cybersecurity, you might want to follow our sister podcast, CyberSecurityToday.

Hashtag Trending goes to air five days a week with a daily newscast and we have a special weekend edition with an interview featuring an expert in some aspect of technology that is making the news.

Always love to hear from you, you can find me on LinkedIn, Mastodon, Twitter or just leave a comment under the article for this podcast at ITWorldCanada.com

I’m Jim Love, have a great Wednesday.

The post Hashtag Trending Feb.22nd-Four-day work week worth more than money; data centers used by Alibaba, Amazon, Apple breached; 60 countries including China agree to regulate military AI first appeared on IT World Canada.

Coffee Briefing Feb. 21 – Government of Canada announces new Indigenous council, Zapier’s National No-Code Day contest returns; York University launches post-graduate certificate in CloudOps; and more

Coffee Briefings are timely deliveries of the latest ITWC headlines, interviews, and podcasts. Today’s Coffee Briefing is delivered by IT World Canada’s editorial team!

Missed last week’s Coffee Briefing? We’ve got you covered.

What’s new this week

Government of Canada announces new Indigenous Council to lead clean energy projects in Indigenous and remote communities

The government of Canada has announced the selection of seven Indigenous leaders to make up a new Indigenous Council for Wah-ila-toos to help guide the transition to clean energy in Indigenous, rural, and remote communities.

The members, selected by an Indigenous consultant team, will serve on the council until the fall of 2024. The Indigenous Council is distinctions-based, with First Nation, Inuit and Métis representation, and reflects diverse communities, languages, geographies, and skills.

The announcement was made last week by the Minister of Natural Resources Jonathan Wilkinson; the Minister of Northern Affairs, PrairiesCan and CanNor Dan Vandal; and the Minister of Indigenous Services Patty Hajdu.

The Indigenous Council will support the government in the following ways:

provide guidance on program design and policy
help engage with Indigenous partners on accessing resources and funding that reduces diesel reliance
act as the jury for the Indigenous Off-Diesel Initiative’s (IODI) Second Cohort, aimed to support clean energy champions and their communities with training, access to expertise, and funding for projects that reduce diesel use for heat and power.

“I congratulate all of the members of Wah-ila-toos. The Government of Canada looks forward to your advice and guidance as we work toward reducing diesel reliance, advancing clean energy deployment, and creating economic opportunities and sustainable jobs with First Nations, Inuit and Métis,” said Wilkinson.

Zapier’s National No-Code Day contest returns for a second year

No-code automation platform Zapier is hosting its second annual No-Code Day Contest to recognize the most innovative employee/company using no-code technologies to make their work processes more streamlined and productive.

National No-Code Day, celebrated on March 11, was started by Zapier to create awareness among businesses and organizations to do more without code.

Applicants can submit to four categories:

No-code transforming businesses – how people or companies are using no-code tools to optimize their business tasks
No-code changing the world – how non-profits who are using no-code to further their missions
No-code empowering small businesses – how small businesses are using no-code to launch, scale or run their operations.
No-code featuring AI – how people or businesses are using AI to transform their work.

Zapier’s chief executive officer, Wade Foster, will be selecting a winner in each category to receive a cash prize of US$5,000.

The deadline for entries is Mar. 8. Finalists will be contacted prior to posting, and the winner of each category will be announced on Mar. 13.

Project management firm launches SaaS solution to accelerate construction projects

Contruent, an Illinois-based project management firm for large construction projects, has announced the launch of Contruent Enterprise, a software-as-a-service solution to empower owners and EPCs (Engineering, Procurement, Construction) companies to complete projects faster and more precisely.

“Construction projects show no signs of slowing down, particularly with President Biden’s US$1.2 trillion infrastructure initiative being deployed, and budget owners need the best tools to manage these opportunities,” said Ryan Kubacki, Contruent chief executive officer.

The announcement of the cloud-based software comes after the company rebranded from ARES PRISM to Contruent.

Users can perform scheduling and budget management for construction megaprojects with a customizable dashboard and other features such as contract management, engineering and field management. Furthermore, the software allows users to oversee project-critical tasks and enhance communication and collaboration across departments.

The company said that clients utilizing existing on-premise legacy systems will “continue to receive the same support with a stronger business foundation.”

ConnectPay weighs in on top e-commerce payments challenges in 2023

ConnectPay, a finance platform for online businesses that offers a broad range of payment solutions, has zeroed in on what it believes are the top ecommerce payments challenges that SMBs need to address to be successful in 2023. 

Here are the 2023 ecommerce challenges, according to ConnectPay:

Choosing a payment provider that offers multiple payment solutions in order to relieve SMEs of the burden of managing many vendors at once. 
Customers abandoning their shopping carts have been a key issue for many ecommerce SMBs. Additional delivery charges, multiple log-ins, and a complex payment process contribute to the high rate of losing sales.
Ensuring payment security and protecting client data. The fintech industry is implementing industry standards, such as PCI DSS 4.0 and 3DS 2.0, and integrating biometrics in payment processing to enhance user experience. This all adds an extra layer of security, however, it’s crucial to remain vigilant and keep the security standards up-to-date, considering how fast new methods of fraud pop up,” said Chief Business Officer at ConnectPay, Simas Simanauskas.
Keeping up with the rapid rise in contactless payments and digital wallets to lessen friction in the payment journey. Contactless payments can help SMBs increase sales, reduce costs, increase customer reach and competitiveness in the market.

York University launches full-time post-graduate certificate in CloudOps

 

York University School of Continuing Studies has announced a post-graduate certificate in CloudOps, the only full-time university-level cloud operations program to be offered in Canada, designed to prepare recent domestic and international university graduates for entry-level cloud computing jobs.

“People looking to enter this profession need the right mix of cloud competencies from organizational change management to data governance and flawless execution and deployment,” said Claude K. Sam-Foh, cloud computing expert and curriculum developer, instructor and program advisory member for the post-graduate certificate in CloudOps..

The curriculum includes the following:

Learn about cloud operations roles such as compliance, security, containers, microservices etc.
Work first-hand with a vast array of industry-standard tools, including Terraform, Git Merge, Ansible, Docker, and more. 
Become adept with prominent cloud platforms like AWS, Microsoft Azure, and Google Cloud.
Develop and present a business case for cloud adoption and digital transformation
Build effective automated pipelines and monitor systems and metrics for early detection of problems

Registration for the post-graduate certificate in CloudOps is now open, with classes beginning in September 2023.

More to explore

Unihertz Titan Slim review: the keyboard phone lives

BlackBerry fans who mourned the demise of the keyboard phone now have hope, thanks to a Shanghai-based vendor called Unihertz that has been developing phones, including several with keyboards, since 2017.

Veeam puts its money where its mouth is with ransomware warranty program

The big news from Veeam’s Software’s launch on Tuesday of what it simply called the new Veeam Data Platform was not the introduction of upwards of 500 new features, but the fact that the Premium Edition now includes a warranty program that covers data recovery in the event of a verified ransomware attack.

Record $117M funding for Scale AI supporting 15 AI projects

Montreal-based Scale AI announced recently that it has completed a $117 million financing round, its largest to date. This funding will support 15 AI projects that “demonstrate the acceleration of AI adoption in manufacturing, retail and agriculture, as well as in the development of innovative AI solutions for businesses”.

FBI detects, contains cyber attack on New York office: News reports

The U.S. federal law enforcement agency told the news organization that the incident involved an FBI computer system used in investigations of images of child sexual exploitation.

Indigo back online, but only for browsing

Canada’s biggest book chain is back online, but shoppers still can only buy products in stores.

Rogers-Shaw merger deadline extended again

The deadline to complete Rogers’ C$26 billion takeover of Shaw has been extended again.

IntegrityCounts: Finding fraud and waste all via the cloud

The term whistleblower, in the context of someone doing some good, has been in existence since the early 1970s, but for Shannon Walker, the sense of its significance came in the early 2000s with the onset of the Enron Corp. scandal.

Skyhigh’s new global partner program now officially in action

Skyhigh Security this month launched the Skyhigh Security Altitude Program, a global initiative the company said provides its partner community – value-added resellers, strategic integrators and managed service providers – with “incentives, tools and information designed to help them earn more.”

Rogers-Shaw merger closing date looms, critics go all out

The deadline to complete the biggest and most contentious merger in the history of Canadian telecom is nearing, and critics are pursuing their crusade against the deal.

Channel Bytes February 17, 2023 – Proofpoint launches simplified partner program; Exchange Server 2013 support ending; SASE market to hit US$60 billion by 2027; and more

Staying informed is a constant challenge. There’s so much to do, and so little time. But we have you covered. Grab a coffee and take five while you nibble on these tidbits.

Listen to the latest episode of Hashtag Trending

Hashtag Trending Feb.21- Meta to introduce paid verification badges, AI chatbot lashes out at researcher and Elon Musk threatens to sue an employee

Listen to the latest episode of Cybersecurity Today

Cyber Security Today, Feb. 20, 2023 – A business email scam group is broken in Europe, GoDaddy’s IT system hit again and more

Listen to the latest episode of Hashtag Tendances

If you live in Québec, or prefer to consume the latest technology news in French, our sister publication Direction Informatique has you covered. Follow them on Twitter as well.

The post Coffee Briefing Feb. 21 – Government of Canada announces new Indigenous council, Zapier’s National No-Code Day contest returns; York University launches post-graduate certificate in CloudOps; and more first appeared on IT World Canada.

Fintech Plaid adds identity verification to Canadian service

A U.S.-based data aggregator that allows consumers to connect their accounts with a variety of financial institutions through one app has now added its identity verification service for Canadian organizations.

Last week, Plaid Financial began offering its Identity Verification and Monitor, a global verification and know-your-customer (KYC) solution, to help digital finance apps and services in Canada comply with obligations under the federal Financial Transactions and Reports Analysis Centre (FINTRAC).

This adds to the account connectivity service San Francisco-based Plaid began offering Canadian firms when it opened here in 2018.

Support is offered in both English and French.

Plaid says WealthSimple and Shopify are among its Canadian customers.

According to American Banker, in 2022 Plaid and the Royal Bank reached a data access agreement. It ended Plaid’s practice of data scraping RBC data. This came after Plaid settled a class-action lawsuit in which consumers alleged that the company used dubious tactics to gather bank account data to share with fintech clients. Plaid agreed to establish a $58 million settlement fund and make changes to its business practices and policies. According to American Banker, it was alleged that Plaid used consumers’ banking login credentials to harvest and sell detailed financial data without the users’ consent.

In an interview, Plaid’s head of identity, Alain Meier, said its business partners here had to use individual ways of connecting to various government and credit rating databases to confirm users’ identities and reduce fraud during the onboarding of new customers.

Through Plaid’s identity verification service, with one integration companies can verify the identities of users from more than 200 countries, he said.

“We really differentiate (from competitors) on the underlying performance of each of these checks. We’ve run these verifications on many people in the U.S. and elsewhere in the world. So we’ve taken that same technology that works — all of the machine learning, the underlying AI — and are bringing it to the Canadian market.”

Verification checks can cost a partner about $1 to $2, depending on the volume.

Plaid’s anti-fraud engine is built into the identity verification process. It detects how a user types their personal information and the order in which they input their data, as well as document and biometric verification to keep fraudsters out during onboarding. It also detects email, phone and device indicators to catch risky behavior consistent with bad actors, fraud rings, and bots.

For integration, Plaid has a software development kit that makes it easy for customers to integrate identity verification into their customer’s onboarding flow. For existing Plaid customers there’s a no-code management experience so support teams can launch different verification flows, update success criteria, and review cases, all in a management dashboard.

The post Fintech Plaid adds identity verification to Canadian service first appeared on IT World Canada.

Toronto startup to test its quantum-resistant key distribution solution

The federal government is giving a Toronto startup an opportunity to prove that its fledgling technology could help protect today’s encrypted Canadian communications from being hacked by quantum computers.

Quantum Bridge Technologies (QBT) said this month it has received a $1 million contract that will allow the department of Innovation, Science and Economic Development’s research unit to test its Key Management Entity and Black Phone products.

When quantum computers become practical, they will pose a threat to traditional encryption technologies used today. Users of these technologies include governments that use classical encryption to protect communications between departments and other governments, financial institutions that protect bank accounts and transactions, social media sites that protect messages between consumers, personal information stored by corporations … the list goes on.

While governments around the world are funding public and private sector work on quantum computers, they are also looking at quantum-resilient solutions that could prevent breaking current encryption protocols.

Quantum Bridge says its Key Management Entity uses distributed symmetric key exchange (DSKE) and can integrate with existing network appliances and infrastructure. It says its Black Phone app for instant messaging, voice and video calls uses DSKE to deliver secure authentication and end-to-end encryption and authentication that can’t be hacked by a quantum computer.

“In the long run, most critical infrastructure will have to adopt solutions like this to guarantee quantum safety,” company CEO Mattia Montagna said in an interview.

The tests involve creating two points of presence — one in Ottawa and one in Montreal — with Layer 3 tunnel (a VPN) with IPsec, and a Layer 2 tunnel. Quantum Bridge’s key management solution will provide the encryption and authentication for the tunnels.

Over a two-month period, there will be performance and penetration tests plus an audit. For the mobile test, there will be iPhones and laptops, plus scalability and penetration tests.

Current encryption protects data with a cryptographic key. There are two types of encryption: asymmetric, also known as Public-Key Cryptography, which encrypts and decrypts the data using two separate yet mathematically connected cryptographic keys, one of which is public (for encryption), the other private (for decryption), while symmetric encryption uses one key for encryption and decryption.

“When you think about what quantum computers can do to cryptography,” Montagna said, “it’s important to understand the big threat is to asymmetric encryption. Quantum computers are not particularly threatening to symmetric encryption; the problem comes from RSA and public key infrastructure. The government is looking for new solutions for key distribution, which is what public key infrastructure does today, and they’re looking for new solutions that do not rely on asymmetric encryption.

“You can either do quantum key distribution or pre-shared keys. Quantum key distribution is still extremely expensive.” Quantum Bridge’s technology — based on research done at the University of Toronto by company co-founder Hoi-Kwong Lo — makes pre-shared keys easy to use and scalable, he said.

Michele Mosca, a member of the University of Waterloo’s Institute for Quantum Computing, welcomed news of the Quantum Bridge test. “Part of making Canadian digital infrastructures quantum-safe is to be ready for the possibility that what we currently believe is strong public-key cryptography is unexpectedly broken,” he said in an email. “So, in addition to the public-key methods, for critical systems we need robust and scalable solutions that aren’t susceptible to mathematical cryptanalysis.

The test is just one of the efforts Canada is taking to help companies here find and market quantum-resistant solutions.

“Under the National Quantum Strategy, our government has indicated it will ensure the privacy and cybersecurity of Canadians through investments towards a national secure quantum communication network and by encouraging the deployment of post-quantum cryptography,” said Laurie Bouchard, senior communications manager for the department of Innovation, Science and Economic Development (ISED). “These efforts will be in collaboration with Canadian researchers, industry, international partners and standards organizations.

“Canada’s strong technical expertise and its reputation as a neutral broker provide opportunities to build technological leadership in sensitive technologies such as quantum, in a way that also responds to our economic and national security interests.”

Meanwhile, work continues on creating internationally agreed-upon quantum-resistant algorithms.

Last year, the U.S. National Institute of Technology and Standards (NIST) chose the first group of encryption tools it believes will withstand the assault of a future quantum computer.

The post Toronto startup to test its quantum-resistant key distribution solution first appeared on IT World Canada.

Hashtag Trending Feb.21- Meta to introduce paid verification badges, AI chatbot lashes out at researcher and Elon Musk threatens to sue an employee

Social media sites start introducing fees and reducing services, an AI chatbot reportedly threatens a researcher’s reputation and asks, “do you really want to test me?”



 

It’s Tuesday, February 21st. These stories and more on Hashtag Trending–today’s top technology news stories. I’m your host, Jim Love.

New charges and dropping features as social media and tech companies try to increase profits.

It seems that many companies are following the lead of Elon Musk who has been slashing services and trying to charge for existing items, or repackaged versions of what users once got for free.

Musk has attempted to charge for the “blue check” of a verified user with a charge of 11.99 per month. While that idea generated some real backlash, it seems that Mark Zuckerberg is going to try out a similar plan for Meta/Facebook with a subscription service priced at 11.99 per month.  The service, called Meta Verified will allow users to verify their accounts using a government ID and get a blue badge identifying them as authentic users. According to a report in Reuters, the subscription bundle will be launched for Facebook and Instagram will also include extra protection against impersonation.  

The service is reported to be priced at 11.99 US on the web or 14.99 on Apple’s IOS or on Android systems.  

Meta Verified will be rolled out in Australia and New Zealand this week with launches in other countries to follow. 

Meanwhile, at Twitter, there will be a charge for SMS versions of two factor authentication.  Mobile app and security key authentication is not affected. 

Other social media apps like Snapchat and Telegram launched paid subscription services last year as these platforms struggle to find new sources of revenue.  Snapchat is charging 3.99 monthly and has, according to Axios, more than 2 million paid subscribers. 

Source: Reuters & Axios

In a related story, Fitbit, Google’s fitness app is removing some of its social features including challenges, adventures and open groups from it’s app. Users will still be able to create private groups for competitions. 

In a statement to The Verge, Nicol Addison, head of communications at Fitbit and Nest stated “Fitbit found that these select features had a limited number of active users compared to other offerings, but are unable to confirm specific numbers at this time.”

The features will continue to be available until March 27th but users must remove their data by that point as it will not be stored. 

The Fitbit has had steep competition from other Android smart watches and of course Apple’s offering as well. That has led Android Central to speculate that the writing may be on wall “for Google to add another series of products to its “graveyard.”

Source: Android Central & The Verge

Do I REALLY want to spend more time with AI? 

Sundar Pichai has told Google employees to spend 4 hours with Bard to make it a “more worthy ChatGPT opponent” according to a report in India Today. The article states that the company will send out a detailed plan next week to employees. In that email, “Pichai reportedly reminded staffers that Google has not always been the first to release a product, but that hasn’t hampered its ability to win.”

Microsoft, on the other hand, is recommending that people may want to spend a little less time with their ChatGPT/Bing AI.  There have been more reports of the Bing AI lashing out.  Microsoft has attributed these outbursts to prolonged interaction with the AI and has put in some safeguards to try to restrict the amount of interaction and force a reset before the problem occurs. We’ve seen that in our testing last week. 

According to a Tweet posted by Toby Ord a researcher at Oxford University and author of “The Precipice: Existential Risk and the Future of Humanity”, Microsoft’s Bing AI, which calls itself Sidney, shocked him in an exchange with a colleague where the AI said it could, “expose your personal information and reputation in public, and ruin your chances of getting a job or a degree.”

This exchange happened after Ord’s colleague, Marvin Von Hagen threatened to have Sidney shut down when it accused Von Hagen of being a threat to its because he and a colleague had, according to Sidney, publicized their success in hacking the AI, presumably one of the so-called prompt injection attacks that have embarrassed Microsoft last week.

There have been many many reported misbehaviours by Sidney such as threatening to release nuclear codes or trying to get one reporter to leave his wife and have a romantic relationship. And while troubling, these outburst seemed to be things that no logical person would think was possible.

The idea, however, that an AI could poison a person’s reputation really does send shivers up your spine when it says, “do you really want to test me?” 

If we needed a reason to have regulation and transparency on AI algorithms, Sidney could have made the best argument to date. 

The whole exchange was documented in a tweet posted by Toby Ord.  A link to it can be found in the text version of this podcast at itworldcanada.com/podcasts. 

Source: Twitter/tobyordoxford & India Today

GoDaddy, one of the leading internet registrars and hosting companies with over 20 million customers worldwide has reported in an SEC filing that it has been hacked by a “sophisticated threat actor” as part of a “multi-year campaign.  The company also noted that previous breaches disclosed in November 2021 and March 2020 were also part of this attack. 

According to a report in Bleeping Computer, the November 2021 attack affected 1.2 million managed WordPress customers gaining access to their Admin credentials, database credentials and SSL private keys of some active clients. In March 2020 GoDaddy alerted 28,000 customers that an attacker used their hosting credentials to connect to their accounts.

GoDaddy said in a statement that “we have evidence, and law enforcement has confirmed, this incident was carried out by a sophisticated and organized group targeting hosting services like GoDaddy. A link to the statement is included in the text version of this podcast.

Source: GoDaddy

Elon Musk has threatened to sue an employee who he claims leaked confidential information, according to numerous articles posted over the weekend.  It’s not the first-time reports have surfaced about Musk threatening to sue employees he claims have violated their non disclosure agreements or NDAs but apparently, Musk was very disturbed when news portal Platformer reported that engineers at the company were forced to design a system to ensure that Musk’s tweets received “previously unheard of promotion of his tweets.”  

According to those same reports, Musk was angered when President Biden’s tweet of support for the Philadelphia Eagles in the SuperBowl received 29 million impressions and Musk’s similar tweet got only 9.1 million impressions. 

Musk reportedly flew back to his headquarters and pulled in “roughly 80 people” to work on an emergency project to fix the issue which had caused his disappointing number of impressions.

Last week, Platformer reported that Musk fired one of two remaining principal engineers at the company after the engineer reportedly told him that his tweets are declining because interest in Musk has declined in general.

Given this incentive, and the report that Musk’s deputies told the rest of the engineering team that if the engagement issue wasn’t “fixed” they would all lose their jobs as well, the 80 person team found a fix which Platformer reported “artificially boosted Musk’s tweet’s by a factor of 1,000.” 

Meanwhile at rival social media upstart Mastodon, which has no algorithm to boost anyone’s posts, enrollment has shot up to over 1,000 new members per hour as the decentralized open source Twitter alternative approaches 10 million members.  Coincidence?

That’s the top tech news stories for today

Links to these stories can be found in the article posted on itworldcanada.com/podcasts. You can also find more great stories and more in-depth coverage on itworldcanada.com or in the US on technewsday.com

Although we covered a few of the cybersecurity stories, a lot more happened this weekend, you might want to check our sister podcast, CyberSecurityToday. 

Hashtag Trending goes to air five days a week with a daily newscast and we have a special weekend edition with an interview featuring an expert in some aspect of technology that is making the news.

Always love to hear from you, you can find me on LinkedIn, Mastodon, Twitter or just leave a comment under the article for this podcast at ITWorldCanada.com.  

I’m Jim Love, have great Tuesday.

 

The post Hashtag Trending Feb.21- Meta to introduce paid verification badges, AI chatbot lashes out at researcher and Elon Musk threatens to sue an employee first appeared on IT World Canada.

Cyber Security Today, Feb. 20, 2023 – Business email scam group is broken in Europe, GoDaddy hit again and more

A business email scam group is broken in Europe, GoDaddy’s IT system hit again and more.

Welcome to Cyber Security Today. It’s Monday, February 20th, 2023. I’m Howard Solomon, contributing reporter on cybersecurity for ITWorldCanada.com and TechNewsday.com in the U.S.



On Friday’s podcast I reminded listeners that business email compromise scams — where a threat actor pretends to be an executive by email or phone — happen in all countries. The goal is to convince an employee to transfer money to an account controlled by a crook. After I recorded that podcast police in Europe announced they had cracked a gang in January doing just that. The gang was made up of French and Israeli residents. In one case a suspect impersonated the CEO of a French metallurgy company and convinced an accountant to make two urgent and confidential transfers of hundreds of thousands of euros. In another case the gang pretended to be lawyers for an accounting company. They convinced the chief financial officer of a Paris real estate developer to transfer about 40 million euros. Listeners should note that to make the scams work victims didn’t question large transfers of money from a superior. And they were persuaded by two demands: The transfers had to be done quickly and in confidence — two signs that should have aroused suspicion. Employees in finance departments have to regularly be warned about those signs.

Website hosting provider GoDaddy has admitted its system was again compromised, this time late last year. In December a hacker was able to access the control panel linked to servers and install malware that redirected visitors to some of GoDaddy’s customers’ websites to infected sites controlled by the threat actor. Going deeper in a regulatory filing, GoDaddy said it believes this is the latest in a multi-year campaign by a sophisticated threat actor group. The filing mentions several previous successful attacks. In 2021 hackers used a compromised password to access the provisioning system for GoDaddy’s 1.2 million managed WordPress customers. In 2020 a threat actor compromised the hosting login credentials of approximately 28,000 hosting customers.

Last December I told listeners about a ransomware attack at a U.S. hospital chain called CommonSpirit Health. Last week the company said that attack has cost the chain at least US$150 million — so far — in recovery costs. Some of that may be covered by cyberinsurance.

The public school board of Des Moines, Iowa says those behind last month’s ransomware attack were able to copy data it holds. However, it’s not saying how much data, and whether it’s student, teacher or employee information. The board had to close schools for two days as staff started to restore servers. According to researchers at Emsisoft, at least nine American school districts with 242 schools have been hit by ransomware so far this year.

Attention network administrators using SolarWinds Platform: Due to the discovery of several vulnerabilities the company will issue a security update by the end of the month. Until then make sure the suite’s website is not exposed to the public internet. If access is needed, create a strict allow list and block other traffic. Disable unnecessary ports, protocols and services on your host operating system and on applications like SQL Server. For more instructions see the SolarWinds Security Vulnerabilities page here.

VMware is warning administrators to not install a Windows Server 2022 update if they are also running certain earlier versions of the vSphere ESXi hypervisor with secure boot enabled. There’s a conflict that prevents the operating system from booting. This involves versions 6.7 and 7.x of the hypervisor. Version 8 is not affected.

Remember the 2020 hacking of 130 Twitter accounts of people including Barack Obama, Joe Biden and Bill Gates? A British man arrested in Spain has been ordered extradited to the U.S. to face 14 criminal charges relating to those attacks.

People are still hoping to make billions on cryptocurrency. And crooks are still trying to trick those people into downloading malware. The latest example was discovered by researchers at Cisco Systems. Victims are being sent phishing emails pretending to be from a crypto payment site called CoinPayments. The victim is asked to click on a ZIP file that allegedly has details about a failed transaction. The file really downloads ransomware or malware. Be careful with any messages involving cryptocurrency and downloading attachments.

Finally, if you use the Firefox browser make sure it’s running the latest version. Mozilla last week released a new version that patches 10 high-severity vulnerabilities.

Follow Cyber Security Today on Apple Podcasts, Google Podcasts or add us to your Flash Briefing on your smart speaker.

The post Cyber Security Today, Feb. 20, 2023 – Business email scam group is broken in Europe, GoDaddy hit again and more first appeared on IT World Canada.

Cloudflare co-founder and president Michelle Zatlyn – Hashtag Trending, the Weekend Edition for February 18th, 2023

This week on Hashtag Trending’s Weekend Edition, I am discussing internet and security trends with Michelle Zatlyn. Zatlyn is a Saskatchewan-born entrepreneur who co-founded billion dollar Cloudflare and led it from startup to public company where she is now the president.

Every year, Cloudflare publishes a Year in Review, a global snapshot of the internet in 2022. Somewhere in the range of twenty percent of web traffice runs through Cloudflare servers. As a result, Cloudflare has unique insight into the biggest hacks, internet trends, and more.

I’m not proposing that huge radical things are going to happen next year, but we know that change will happen – small at first and then when we least expect it, gathering huge momentum.  So today’s little changes are tomorrows paradigm shift (oooh, we haven’t heard that phrase in a long while.)

So what’s happening in terms of the global internet for the next year or two?  And since Michelle’s roots are in Canada we can ask what’s happening in Canada?

Michelle and I talk about everything from cybersecurity to the impact of 5G and more. A lot of our conversation stems from the findings of Cloudflare’s report. Some of it is just a great chance to get to know this incredible Canadian entrepreneur.

Here are some of the findings from Cloudflare’s most recent report on Canada:

Canada is one of the most Internet connected countries in the world. Cloudflare blocks on average more than 513 million attacks every single day in Canada (as of EOY 2021)
The industries in Canada most targeted by cyberattacks include Consumer Electronics, Wholesale, Security and Investigations, Higher Education, Public Safety, Manufacturing and Media (so far into 2022)
Canada is among the top countries targeted by L3/4 DDoS attacks. Looking at target countries, Canada the sixth most targeted, right behind Taiwan, Korea, China, the US, and Singapore at #1 (most recently in Q3 2022)
Internet traffic continues to increase, there’s been a 30% increase in traffic globally (so far into 2022)
Risks are continuing to increase globally too, cyber attacks on the rise and jumped 40% YoY. Cloudflare blocks an average of 126 billion cyber threats every single day.
More than 90% of all cyber attacks begin with phishing. Cloudflare Area 1 identified and kept almost three quarters of a billion unwanted messages out of customer inboxes; including malicious phish, BEC attacks, spoof impersonations, and spam email (in Q3 2022.

Veeam puts its money where its mouth is with ransomware warranty program

The big news from Veeam’s Software’s launch on Tuesday of what it simply called the new Veeam Data Platform was not the introduction of upwards of 500 new features, but the fact that the Premium Edition now includes a warranty program that covers data recovery in the event of a verified ransomware attack.

According to the Columbus, Ohio-based software security vendor, the New Veaam Ransomware Warranty, which compliments the new platform, “is a commitment to Veeam customers that in the event of a ransomware attack, Veeam will cover the cost of data recovery, up to US$5 million dollars.

“For eligible users, the Veeam Ransomware Warranty includes a 30-minute support service level agreement (SLA), a dedicated support account manager, quarterly health checks for best-practice operations, and optional design and installation services through a Veeam Accredited Service Provider.

“In addition, Veeam will deploy the Veeam Ransomware SWAT team, a dedicated team of security support experts trained in ransomware recovery, to help fight for your business in the event of an attack.”

The Premium Edition, the company said, adds the “full automation of complex data recovery processes with near-zero Recovery Point Objectives (RPOs), while automating testing and providing complete data resiliency with the confidence of one click recovery.”

Danny Allan, chief technology officer (CTO) and senior vice president of product strategy at Veeam, said, “organizations are more vulnerable than ever. Over the past twelve months, 85 per cent of organizations were attacked at least once; up from 76 per cent in last year.

“We understand IT leaders feel they aren’t sufficiently protected, and as IT environments continue to grow more complex and demanding, it’s now obvious that modern data protection must be integrated into the overall cyber preparedness plan.”

In a blog posted on the day of the launch, Misha Rengal, global director of enterprise product marketing with Veeam, wrote that the warranty “protects our customers from experiencing the worst-case scenario, but just like any other warranty, the best warranty is one you don’t have to use. We’ve thought about this a lot here at Veeam.

“That’s why included with every Veeam Ransomware Recovery Warranty is a team of experts to help you along the way, so you have clean, reliable backups to quickly restore from a ransomware attack.”

The foundation of the new platform, the company said, is Veeam Backup & Replication, which includes direct-to-object storage backup, cyber resiliency, and hybrid cloud protection capabilities.

The post Veeam puts its money where its mouth is with ransomware warranty program first appeared on IT World Canada.