Detailed story of Volodymyr Kvashuk, a Microsoft insider who noticed a bug in the company’s internal systems that allowed him to create unlimited Xbox gift cards, and stole $10.1 million before he was caught. Powered by WPeMatico
Month: July 2021
From the New York Times: “When an Eel Climbs a Ramp to Eat Squid From a Clamp, That’s a Moray.” The article is about the eel; the squid is just eel food. But still…. As usual, you can also use this squid post to talk about the security stories in the news that I haven’t … Read More “Friday Squid Blogging: Best Squid-Related Headline” »
Two reports this week. The first is from Microsoft, which wrote: As part of our investigation into this ongoing activity, we also detected information-stealing malware on a machine belonging to one of our customer support agents with access to basic account information for a small number of our customers. The actor used this information in … Read More “More Russian Hacking” »
As ransomware becomes more common, I’m seeing more discussions about the ethics of paying the ransom. Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. However, the most pressing challenge currently facing the industry is ransomware. Although it is a societal problem, cyber insurers … Read More “Insurance and Ransomware” »