Hack

Bitcoin prices continued its downward trend as Trump reaffirmed plans to impose import tariffs on Canada and Mexico. The Bybit exchange hack last week also added to the market volatility.

Multiple companies, including British Airways, BBC and Boots, have suffered a data breach, exposing confidential information and personal data.

ChatGPT's ability to generate code can be utilised for data breaches, leaving businesses vulnerable to cyberattacks.

Online security researchers claim that hackers were able to gather personal information from over 267 million Facebook users.

"We would not be reopening our online stores if we did not feel confident that they are a safe place to shop," the company said.

Researchers have described RedDrop as "one of the most sophisticated pieces of Android malware that we have seen in broad distribution".

The intrusion comes as police departments, government organizations and school districts are increasingly targeted by online pranksters and opportunistic hackers.

In 2015 and 2016, the then 15-year-old Kane Gamble attempted to hack the computers of several senior US government officials.

Officials believe the Olympics cyberattack was in retaliation to the International Olympic Committee's decision to ban Russia over the state-sponsored doping scandal.

From North Korean hacking groups to a JPMorgan Chase "technical" glitch affecting multiple online banking customers, here are the top cyber-related news stories of the week.

Votiro's findings come as hackers continue to develop new, clever ways to exploit victims and earn cryptocurrency often by exploiting popular platforms.

"We believe this is the next team to watch," FireEye's director of intelligence analysis John Hultquist said.

Hackers have targeted a slew of banks worldwide in recent years to gain illegal access to the Swift network and initiate fraudulent money transfers.

Over the past few months, researchers observed an uptick in phishing campaigns targeting several Olympics organisations by the Kremlin-linked hacking group Fancy Bear.

"Best international practice says that you don't talk about an attack," IOC spokesman Mark Adams said.

"DNS is still often treated differently providing a golden opportunity to leak data," Forcepoint researchers said.

A separate database that contained personal details of 53,000 current and former Sacramento Bee subscribers was also compromised.

The case has been dubbed "one of the largest cyber fraud enterprise prosecutions ever undertaken" by the Justice Department.

"I clicked on it and instantly knew that I had been had," one retired Air Force major general, who was sent a dubious phishing link, said.

For anyone typing quickly or letting browser autocomplete lead them to the "right" website, they may be just one letter away from being led to the dubious phishing website.

Cybercriminals managed to infiltrate the site and install maliciously modified copies of the Firefox, OnyX and Deeper applications.

Similar to other ransomware, Scarabey demands a Bitcoin payment from victims after infecting their system and encrypting all files.

Trend Micro has observed hackers abusing session-replay scripts to view what a victim does on every site they visit during a browsing session.

Smart sex toys made by German company 'Amor Gummiwaren GmbH' contained multiple security vulnerabilities that could let hackers remotely take control of vibrators.

"It is interesting to see a new ransomware being distributed via exploit kits in what so far seems to be a few ongoing campaigns," researchers said.

Car-sharing company GoGet's CEO, Tristan Sender, said they did not notify affected customers sooner based on the "strong advice" of NSW police.

Lenovo warned that sensitive data stored by the software, including users' Windows login credentials and fingerprint data, is encrypted using a weak algorithm.

Scammers pretending to be from Experty sent out a fake pre-ICO announcement email that encouraged users to send money to an Ethereum wallet that wasn't affiliated with the company.

"This should be treated as a call to action to take appropriate steps to protect their ATMs against these forms of attack and mitigate any consequences," ATM vendor NCR said.

Interestingly, researchers noted that their analysis of the Hide 'N Seek bot revealed it can be leveraged for far more nefarious activities than launching DDoS attacks.