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Facebook is reportedly buying stolen passwords that hackers are selling on the underground black market in an effort to keep its users' accounts safe. On the one hand, we just came to know that Yahoo did not inform its users of the recently disclosed major 2014 hacking incident that exposed half a billion user accounts even after being aware of the hack in 2014. On the other hand, Facebook takes every single measure to protect its users' security even after the company managed to avoid any kind of security scandal, data breach or hacks that have recently affected top notch companies. Speaking at the Web Summit 2016 technology conference in Portugal, Facebook CSO Alex Stamos said that over 1.3 Billion people use Facebook every day, and keeping them secure is building attack-proof software to keep out hackers, but keeping them safe is actually a huge task. Stamos said there is a difference between 'security' and 'safety,' as he believes that his team...

2016 is the year of data breaches that has made almost every major companies victims to the cyber attacks, resulting in compromise of over billion of online users accounts. Weebly and Foursquare are the latest victims of the massive data breach, joining the list of "Mega-Breaches" revealed in recent months, including LinkedIn , MySpace , VK.com , Tumblr , Dropbox , and the biggest one -- Yahoo . Details for over 43 Million users have been stolen from the San Francisco-based website building service Weebly, according to breach notification site LeakedSource, who had already indexed a copy of the stolen data that it received from an anonymous source. In addition, LeakedSource posted details of the cyber attack in its blog post on Thursday explaining what happened. The attack believed to have been carried out in February 2016. "Unlike nearly every other hack, the Co-founder and CTO of Weebly Chris Fanini fortunately did not have his head buried deeply in the san...

As SaaS providers race to integrate AI into their product offerings to stay competitive and relevant, a new challenge has emerged in the world of AI: shadow AI.  Shadow AI refers to the unauthorized use of AI tools and copilots at organizations. For example, a developer using ChatGPT to assist with writing code, a salesperson downloading an AI-powered meeting transcription tool, or a customer support person using Agentic AI to automate tasks – without going through the proper channels. When these tools are used without IT or the Security team's knowledge, they often lack sufficient security controls, putting company data at risk. Shadow AI Detection Challenges Because shadow AI tools often embed themselves in approved business applications via AI assistants, copilots, and agents they are even more tricky to discover than traditional shadow IT. While traditional shadow apps can be identified through network monitoring methodologies that scan for unauthorized connections based on...

SMS-based Two-Factor Authentication (2FA) has been declared insecure and soon it might be a thing of the past. Two-Factor Authentication or 2FA adds an extra step of entering a random passcode sent to you via an SMS or call when you log in to your account as an added layer of protection. For example, if you have 2FA enabled on Gmail, the platform will send a six-digit passcode to your mobile phone every time you sign in to your account. But, the US National Institute of Standards and Technology (NIST) has released a new draft of its Digital Authentication Guideline that says SMS-based two-factor authentication should be banned in future due to security concerns. Here's what the relevant paragraph of the latest DAG draft reads: "If the out of band verification is to be made using an SMS message on a public mobile telephone network, the verifier SHALL verify that the pre-registered telephone number being used is actually associated with a mobile network and not wi...

Hijacking an online account is not a complicated procedure, not at least in 2016. Today, Instagram confirmed that the company is in the process to roll out two-factor authentication for its 400 Million users. It is impossible to make your online accounts hack-proof, but you can make them less vulnerable. Then what you can do to protect yourselves from hackers? Several companies provide more enhanced steps like Encrypted Channel Services, Security Questions, Strict Password Policy and so on. But, what would you do if a hacker had somehow managed to access your accounts' passwords? Since the online accounts do not have an intelligent agent inbuilt to verify whether the person is the legit driver of the account; beyond a username and password match. Hence the concept of Two-Factor Authentication (2FA) born out! Jumbos like Google, Facebook, Twitter and Amazon have already blended the 2FA feature with their services to tackle account hijacking. 2-F...

That's a lot of Login credentials fetch by a single hacker. The FBI believes a single hacker who goes by the moniker Mr.Grey has stolen login credentials for over 1.2 Billion online accounts – apparently the biggest heist of log-in credentials the FBI has investigated thus far. Yeah, that's not Fifty, but 1.2 Billion Shades of Grey . The information came from the court documents the federal agents submitted to support its search warrant request in 2014, Reuters reported . The cyber security firm ' Hold Security ' initially reported the theft of the credentials last year. It found out that Russian hacking group CyberVor has stolen 1.2 Billion login details and an additional 500 Million email accounts. Botnet Breach These data were said to have been harvested from over 420,000 websites via botnets looking for SQL injection flaws ; the same technique recently used to hack TalkTalk . Botnets are usually employed to attack an individual targ...