Category Archives: eCommerce

Subscribe to eCommerce RSS Feed

Are ATMs safe? Probably not since Black Box ATM attacks are mounting which is costing banks millions!

Bankinfosecurity.com report that “Fraudsters are now gingerly testing the waters in central and Western Europe with attacks that drain cash machines of their funds, according to a trade group that studies criminal activity around ATMs.”  The April 18, 2018 report entitled “No Card Required: ‘Black Box’ ATM Attacks Move Into Europe” included these statistics: The … Continue reading this entry

Facebook settles theft of trade secret lawsuit on the eve of Mark Zuckerberg’s congressional testimony!

Law360.com reported that “Facebook told a California federal judge Monday it had reached a mid-trial settlement of BladeRoom Group Ltd.’s $365 million data center trade secrets suit, prompting co-defendant Emerson Electric Co. to unsuccessfully seek a mistrial on grounds that Facebook’s ongoing Cambridge Analytica scandal will bias jurors against it.”  The April 9, 2018 article … Continue reading this entry

Don’t trust public Wifi is one of 5 ways to avoid fraud this tax season!

Darkreading.com reported very bad news about tax season fraud that “Sixty days into the 2017 tax season, that same preparer had 1.5 million user authentication attempts with more than 28,700 of them being either denied access or asked for more authentication.”  The April 6, 2018 reported entitled “Protect Yourself from Online Fraud This Tax Season” … Continue reading this entry

No surprise - Cyber attacks directed at Cryptocurrency!

Darkreading.com reported that Web injects have led to “recent evidence of threat actors using Web injects to target cryptocurrency exchange Coinbase and Bitcoin wallet Blockchain.info.”  The March 22, 2018 article entitled “Criminals Using Web Injects to Steal Cryptocurrency” included this description of Web injects: Web injects is basically code for injecting malicious content into a … Continue reading this entry

Blockchain insurance promises faster claims payments and cheaper coverage!

Insurance.com reported that Allstate Insurance is optimistic that “Blockchain has the potential to revolutionize underwriting…”  The March 16, 2018 article entitled “Blockchain could ‘revolutionize’ insurance” included these comments from Dale Sherman, Allstate vice president of claims: Coverage could be just-in-time or on-demand. You can imagine mile-by-mile insurance for a specific individual based on their very … Continue reading this entry

Yahoo’s ToS limitations of liabilities challenged in Cyberbreach of 3 billion users!

Reuters reported that Judge Lucy Kohl ruled that “the plaintiffs could try to show that liability limits in Yahoo’s terms of service were “unconscionable,” given the allegations that Yahoo knew its security was deficient but did little.” The March 12, 2018 article entitled “Data breach victims can sue Yahoo in the United States” included these … Continue reading this entry

Court orders that Cryptocurrencies should be regulated by the US government!

Law.com reported “that virtual currencies can be regulated by the U.S. Commodity Futures Trading Commission [CFTC].” The March 8, 2018 report entitled “Federal Court Just Ruled CFTC Can Regulate Crypto—But Agency Isn’t Alone” included these questions resolved by US District Judge Weinstein (Eastern District of New York) with a resounding “YES”: Is virtual currency a … Continue reading this entry

Equifax only had $75M in cybersecurity insurance but expect claims of at least $275M!

Reuters reported that Equifax’s 2017 cyber incident where +147M consumers’ data was stolen included “costs mainly reflect technology and data security upgrades, legal fees, and free identity theft protection and credit monitoring offered to the more than 147 million consumers affected by the cyber security incident.”  The March 2, 2018 report entitled “Equifax expects $200 … Continue reading this entry

Uber settles claims for $245M that it stole Google’s trade secrets!

Money.CNN reported that Google’s Waymo (Google’s self-driving car program) sued Uber for theft of trade secrets, but during the middle of trial “accepted a settlement offer from Uber, which agreed to a deal that includes 0.34% of Uber’s equity at a $72 billion valuation, which works out to about $245 million.”  The February 9, 2018 … Continue reading this entry

Watch Out! Cyberattack scams the FBI impersonating the Internet Complaint Center (IC3)!

Darkreading reports that there has been a new cyberattack at the FBI Internet Crime Complaint Center (IC3) which “scams people into providing personal data and downloading malicious files by impersonating the”… IC3…which is “intended to give the public a reliable means of reporting suspected illegal activity online.”  The February 2, 2018 report entitled “Cyberattack Impersonates … Continue reading this entry

Amazon now disrupting health care!

The New York Times reported that “Amazon, Berkshire Hathaway and JPMorgan Chase announced on Tuesday that they would form an independent health care company to serve their employees in the United States.”  The January 30, 2018 report entitled “Amazon, Berkshire Hathaway and JPMorgan Team Up to Disrupt Health Care” included these comments from Ed Kaplan … Continue reading this entry

GDPR will change world-wide privacy on May 25, 2018: here are 13 key GDPR terms you better know!

DMNews.com reported that GDPR is “a massive piece of legislation and if you want to read all 250+ pages, talk about it with fellow data nerds or marketing professionals, or just comprehend the various articles online, you need to know some of the key terms.”  The January 24, 2018 report entitled “13 Key GDPR Terms … Continue reading this entry

Did you know that Artificial Intelligence (“AI” aka Machine Learning “ML”) is critical in Cybersecurity?

Darkreading’s recent article identified goals of using ML in Cybersecurity “To make a broad statement, we are trying to use ML to identify malicious behavior or malicious entities; call them hackers, attackers, malware, unwanted behavior, etc. In other words, it comes down to finding anomalies.”  The January 11, 2018 article entitled “AI in Cybersecurity: Where … Continue reading this entry

Is Bitcoin for real? Probably since the founder of Ripple was briefly richer than Mark Zuckerberg!

The New York Times reported that “In 2017, the cryptocurrency Bitcoin went from $830 to $19,300, and now quivers around $14,000. Ether, its main rival, started the year at less than $10, closing out 2017 at $715. Now it’s over $1,100.”  The January 13, 2018 story entitled “Everyone Is Getting Hilariously Rich and You’re Not” … Continue reading this entry

You don’t want to hear this - Chip makers confess that every computer in the world is at cyber risk!

Every single computer (including cells, tablets, PCs, & servers) has a Central Processing Unit (CPU) made by Intel, AMD, & ARM and security experts found “two problems, called Meltdown and Spectre, could allow hackers to steal the entire memory contents of computers, including mobile devices, personal computers and servers running in so-called cloud computer networks.”  … Continue reading this entry

Blockchain (think Bitcoin technology) is one of the “17 Things” you should have learned about in 2017!

Darkreading  described Blockchain (which allows Bitcoin to operate) as the “distributed ledger technology essentially allows for the creation of a list of records, each record cryptographically linked and secured, thereby enabling greater data integrity for all manner of applications.” The December 29, 2017 article entitled “17 Things We Should Have Learned in 2017, but Probably … Continue reading this entry

Adult supervision no longer needed at Google (Alphabet)…so Eric Schmidt is stepping aside!

In 2001 Google brought Eric Schmidt aboard for adult supervision, and during his tenure among other earth shattering things Schmidt coined the word “Cloud” (fka time-sharing, and later Application Service Provider – ASP).  The Washington Post December 21, 2017 article entitled “Eric Schmidt is stepping down from his role at Google’s parent company, Alphabet” included … Continue reading this entry

Astroturf Update: State sues hotel for punishing guests for bad reviews!

The state of Indiana sued a hotel which “maintained a written policy stating if a consumer made any negative statement, including an online comment or review, regarding their stay at Abbey Inn & Suites, the Defendants would charge the consumer an additional $350.00 and pursue legal action against the consumer.”  The case of the State … Continue reading this entry

Blockchain news -Legal risks are one of the 5 myths of bitcoin (which is powered by Blockchain)!

The Washington Post reported that the “Securities and Exchange Commission recently began cracking down on initial coin offerings, a new type of blockchain-based fundraising mechanism, under its existing authority to regulate securities.”  The December 15, 2017 story entitled “Five myths about bitcoin” which included these comments about the law: All mainstream bitcoin exchanges at least … Continue reading this entry

Insurance industry embraces Blockchain, but when? Tomorrow or in 10 years?

BusinessInsurance.com reported the comments of Paul Meeusen, head of distributed ledger technology at Swiss Re Ltd. in Zurich that using Blockchain to manage Insurance “seemed very intuitive that this technology was very suitable to some of the key issues we deal with in our industry.” The December 12, 2017 article entitled “Insurance well suited to … Continue reading this entry

Note to Ransomware Criminals – North Carolina Counties will not pay ransom…so go elsewhere!

The New York Times reported that Mecklenburg County, North Carolina (which includes the city of Charlotte) refused to “pay a $23,000 ransom to a group of hackers who seized control of several government computer systems” and the County was operating without “the internet, civil servants were doing their jobs using “paper processes.””  The December 6, … Continue reading this entry

Are you kidding me? Only 15% of US companies have insurance for their data!

One might conclude it makes a lot of sense to insure business data after considering Tableau’s report that included Ponemon’s estimate that the “average total cost of a data breach was estimated at $3.62 million.”  The December 2017 report entitled “2018 Top 10 Business Intelligence Trends” included the #5 Rise of the Chief Data Officer … Continue reading this entry

Uber paid a ransom to hackers who stole 57 million Uber records last year!

The New York Times reported that Uber fired it security officer after “two hackers stole data about the company’s riders and drivers — including phone numbers, email addresses and names — from a third-party server and then approached Uber and demanded $100,000 to delete their copy of the data.” The November 21, 2017 report entitled … Continue reading this entry

FBI recommends two-factor authentication & training to thwart Spearphishing!

Among a number of recommendations to avoid Spearphishing (aka Business Email Compromise – BEC) the FBI recommends that “employees to use two-factor authentication to access corporate e-mail accounts.” The November 14, 2017 FBI News Report entitled “FBI Tech Tuesday—Digital Defense Against Business E-mail Compromises” included this advice about training employees to: watch for suspicious requests, … Continue reading this entry