#WhatTheTech 2

Written by:
Amelia Craig
Date Posted:
10 May 2019

We’ve handpicked some tech/security related news stories from the past week, in case you missed them.

Binance hacked
Binance is one of the largest cryptocurrency exchanges in the world. On May 8th they revealed that their systems had been hacked and user data had been released.

The hackers stole 700 bitcoins, with a value of approximately $40.6 million dollars.

According to Binance the hackers used several techniques to hack the system, including phishing and computer viruses. Through these techniques the hackers were able to gain access to a BTC hot wallet (a cryptocurrency wallet that’s connected to the internet), which contained approximately 2% of the company’s total BTC holdings, and withdraw the bitcoins in a single transaction.

Binance has also admitted that the hackers managed to access user critical information, such as API keys and two-factor authentication codes, which is the information that is required to log into a Binance account.

Fortunately, the offline wallets where the majority of Binance’s funds are kept remained secure, as well as individual user wallets.

Airbnb hidden camera scandal

Recent surveys have revealed that many guests who stay in Airbnb’s are concerned about hidden cameras being used to record them during their stay. Although Airbnb allows cameras to be installed in common areas, they are not allowed in bedrooms or bathrooms. Unfortunately, not all Airbnb hosts adhere to these policies.

It has been reported that a woman recently discovered hidden cameras in the bedroom of the Airbnb that she was staying in. As she worked in internet and information security, she was able to identify a hidden camera inside a router, which was pointed towards the bed. When she discovered the hidden camera, she called the police who came and took the equipment away.

Although now removed from the Airbnb platform, this is a little too late. The police found that the host had been filming his guests since March 2019.

This is not an isolated incident, and users on the Airbnb platform should be aware of the possibility of hidden camera equipment. Let us know your thoughts on this!

Credit cards stolen from shopping sites

Chinese cybersecurity researchers from Qihoo 360’s NetLab have recently revealed the details of an ongoing credit card hacking campaign that is stealing card information from customers on over 105 e-commerce websites.

The hackers have injected the affected sites with malicious JavaScript scripts which automatically steal card payment information such as cardholder name, card number, expiration date, and CVV information. The stolen information is then sent to a file hosted on the magento-analytics.com server controlled by the hackers.

Our security team advise that online shoppers regularly review their credit card and bank statements to ensure they have not been a victim of fraud. Website administrators of eCommerce sites should also follow best security practices, being sure to apply the latest updates and patches.

Amazon hit by fraud attack

Amazon has been hit by an extensive fraud attack where hackers were able to siphon funds from merchant accounts for more than six months, between May 2018 and October 2018.

The hackers broke into approximately 100 seller’s accounts and siphoned money from loans or sales into their own bank accounts. According to Amazon, the accounts were likely compromised by phishing techniques that tricked the account holders into sharing confidential login information.

Amazon has issued over $1 billion to sellers in 2018, however, it is unclear how much the hackers have stolen. Amazon lawyers have requested permission from Barclays and Prepay to search bank accounts, in a bid to track down the hackers.

We’ll be back again next week with more tech news!

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