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The Federal Trade Commission (FTC) today officially confirmed that Facebook has agreed to pay a record-breaking $5 billion fine over privacy violations surrounding the Cambridge Analytica scandal . Besides the multibillion-dollar penalty, the company has also accepted a 20-year-long agreement that enforces it to implement a new organizational framework designed to strengthen its data privacy practices and policies. The agreement requires Facebook to make some major structural changes, as explained below, that will hold the company accountable for the decisions it makes about its users' privacy and information it collects on them. "The order requires Facebook to restructure its approach to privacy from the corporate board-level down, and establishes strong new mechanisms to ensure that Facebook executives are accountable for the decisions they make about privacy and that those decisions are subject to meaningful oversight," the FTC said in a press release . Ac...

A former Siemens contractor has pledged guilty in federal court Friday to secretly planting code in automated spreadsheets he had created for the company over a decade ago that deliberately crashes the program every few years. David Tinley, a 62-year-old resident of Harrison City, Pennsylvania, was hired by Siemens as a contract employee for Monroeville, Pennsylvania location, in 2002 to create custom automated spreadsheets for various Siemens projects related to the power generation industry. However, according to the United States Justice Department ( DoJ ), Tinley intentionally and without the company's knowledge or authorization inserted "logic bombs" into computer programs that caused glitches in the spreadsheet after the expiration of a certain date. Logic Bomb is a piece of computer code intentionally inserted into software or system to carry out specific operations like crash or malfunction after certain conditions are met, or an amount of time has expire...

A German security researcher has publicly disclosed details of a serious vulnerability in one of the most popular FTP server applications, which is currently being used by more than one million servers worldwide. The vulnerable software in question is ProFTPD , an open source FTP server used by a large number of popular businesses and websites including SourceForge, Samba and Slackware, and comes pre-installed with many Linux and Unix distributions, like Debian. Discovered by Tobias Mädel , the vulnerability resides in the mod_copy module of the ProFTPD application, a component that allows users to copy files/directories from one place to another on a server without having to transfer the data to the client and back. According to Mädel, an incorrect access control issue in the mod_copy module could be exploited by an authenticated user to unauthorizedly copy any file on a specific location of the vulnerable FTP server where the user is otherwise not allowed to write a file. ...

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Equifax, one of the three largest credit-reporting firms in the United States, has to pay up to $700 million in fines to settle a series of state and federal investigations into the massive 2017 data breach that exposed the personal and financial data of nearly 150 million Americans—that's almost half the country. According to an official announcement by the U.S. Federal Trade Commission (FTC) today, Equifax has agreed to pay at least $575 million in fines, but this penalty could rise to up to $700 million depending on the amount of compensation people claim. Up to $425 million of the fines will go to a fund that will provide credit monitoring services to affected customers and compensate anyone who bought such services from the company and paid other related expenses as a result of the breach . Rest $175 million and $100 million will go to civil penalties across 50 states and to the Consumer Financial Protection Bureau (CFPB), respectively. Besides the penalty, the co...

If you are in Kazakhstan and unable to access the Internet service without installing a certificate, you're not alone. The Kazakhstan government has once again issued an advisory to all major local Internet Service Providers (ISPs) asking them to make it mandatory for all their customers to install government-issued root certificates on their devices in order to regain access to the Internet services. The root certificate in question, labeled as " trusted certificate " or " national security certificate ," if installed, allows ISPs to intercept and monitor users' encrypted HTTPS and TLS connections, helping the government spy on its citizens and censor content. In other words, the government is essentially launching a "man in the middle" attack on every resident of the country. But how installing a "root certificate" allow ISPs to decrypt HTTPS connection? For those unaware, your device and web browsers automatically trust digi...

If you use Slack, a popular cloud-based team collaboration server, and recently received an email from the company about a security incident, don't panic and read this article before taking any action. Slack has been sending a "password reset" notification email to all those users who had not yet changed passwords for their Slack accounts since 2015 when the company suffered a massive data breach. For those unaware, in 2015, hackers unauthorisedly gained access to one of the company's databases that stored user profile information, including their usernames, email addresses, and hashed passwords. At that time, attackers also secretly inserted code, probably on the login page, which allowed them to capture plaintext passwords entered by some Slack users during that time. However, immediately following the security incident, the company automatically reset passwords for those small number of Slack users whose plaintext passwords were exposed, but asked other aff...