Facebook culled 583m fake accounts in first quarter 2018

Facebook took moderation action against almost 1.5bn accounts and posts which violated its community standards in the first three months of 2018, the company has revealed. In its first quarterly Community Standards Enforcement Report, Facebook said the overwhelming majority of moderation action was against spam posts and fake accounts: it took action on 837m pieces …

New vicious crypto mining malware crashes computer when discovered

A new form of cryptominer has been discovered which crashes systems the moment antivirus products attempt to remove the malware. The malware, dubbed WinstarNssmMiner by 360 Total Security researchers, has been used in half a million attempted attacks leveraged at PCs in only three days. On Wednesday, the cybersecurity firm said the cryptomining malware aims …

Chili’s restaurant chain involved in data breach compromising customer credit card details

Texas-based Brinker International — which operates over 1,600 Chili’s outlets worldwide — said that some of the chain’s restaurants have been involved in the incident, which is believed to have taken place between March and April this year. In a statement, the company said that the data breach was first discovered on 11 May and …

Russia bans Telegram messaging app after it declined to reveal its encryption key

Russia has banned the Telegram messaging app after it – because the company refuses to reveal its encryption key. A court in Moscow ruled to block the popular app after the firm declined to give state security services access to private conversations. It followed a long-running battle between authorities and Telegram, which has a reputation …

Bullish again, Bitcoin Prices Surge

Bitcoin prices rose sharply yesterday after months of downfall, showing that bullish sentiment has returned to the digital currency markets. “The bulls are back in charge,” said analyst Charles Hayter, who pointed to Bitcoin’s robust intraday gain and a short squeeze taking place on Bitfinex. The world’s largest cryptocurrency reached $8,055.20, climbing almost 20% in less than six …

British and US lawyers have launched joint class action lawsuit against Facebook, Cambridge Analytica Et Al

The Guardian reports that United Kingdom and US lawyers have launched a joint class action against Facebook, Cambridge Analytica and two other companies SCL Group Limited and Global Science Research Limited (GSR). for allegedly misusing the personal data of more than 71 million people. The lawsuit claims the firms obtained users’ private information from the …

Malicious crypto-mining apps with over 100,000 downloads found in the Google Play store

Researchers at Kaspersky Lab have uncovered multiple android based malicious cryptocurrency-mining applications being distributed via the Google Play store, with the miners posing as games, sports streaming apps, and VPNs. Some of these have been downloaded more than 100,000 times. While the applications appear to provide legitimate functions, their real purpose is to secretly use …