Given a recent incident reported by The Cut, freelance finance writer Charlotte Cowles fell victim to an elaborate scam that highlights the dangers of social engineering. The scam began with a call from a number appearing as "Amazon," leading Cowles to believe she was a victim of identity theft. The caller, posing as a Federal Trade Commission official, connected her with a fake CIA agent named Michael. Over hours on the phone, "Michael" convinced Cowles that she faced serious charges related to the identity theft and persuaded her to withdraw $50,000 in cash. The twist? She was instructed to hand over the money to the CIA, which would inexplicably issue her a check for her own funds.
Despite suspicions during the ordeal, the scammers manipulated Cowles into isolation, urging her not to involve her family or the police, claiming it could jeopardise their safety. This tactic of isolating the victim is a common element in scams, aiming to heighten emotions and push individuals into making decisions they might not otherwise make. The scammers played on Cowles' fears for herself and her family, using personal details like the last four digits of her Social Security number to further erode her judgement.
Experts emphasise that falling victim to professional scammers is not a matter of lacking savvy. Selena Larson, a senior threat intelligence analyst, stresses that fraud perpetrators excel at social engineering and employ tactics like instilling fear, excitement, or urgency to manipulate their targets. To protect against such scams, Larson advises people to be wary of anyone trying to isolate them from friends and family, cautioning against trusting individuals posing as government officials or celebrities. Immediate requests for money and a sense of urgency are red flags that should prompt individuals to break off contact and report the activity.
This cautionary tale serves as a reminder that anyone can be targeted by scams. Larson suggests a vigilant approach, emphasising the importance of staying connected with loved ones and not succumbing to isolation. Additionally, adopting a strategy similar to Cowles' newfound tactic—never answering calls from unknown numbers—can be an effective way to avoid falling prey to scams.
As online threats continue to multiply, it is crucial for individuals to remain informed and alert. The incident also borders on the broader issue of cyber threats, including state-backed hacking efforts, ransomware attacks on hospitals, and the impact of cyberattacks on vulnerable communities. Stay safe and informed as we venture through the complexities of online security.
At a meeting with European Commission officials on Thursday, the e-commerce behemoth was informed that the transaction would probably be denied, according to sources familiar with the situation. The political leadership of the EU must still formally approve a final decision, which is required by February 14. Meanwhile, Amazon declined to comment on the issue.
On Friday, iRobot’s shares, based in Bedford, Massachusetts, fell as much as 31% to $16.30, expanding the deal spread to over $35, the greatest since the merger was disclosed more than a year ago.
Regulators believe that other vacuum manufacturers may find it more difficult to compete as a result of iRobot's partnership with Amazon, particularly if Amazon decides to give Roomba advantages over competitors on its online store.
There will probably be opposition to the deal in the US as well. People with an insight into the situation claim that the Federal Trade Commission has been preparing a lawsuit to try and stop the transaction. According to persons speaking about an ongoing investigation, the three FTC commissioners have yet to vote on a challenge or hold a final meeting with Amazon to discuss the possible case.
The investigation over Amazon’s acquisition of iRobot was initiated in July 2023 by the European Commission (EC), the EU’s competition watchdog.
The EC has until February 14 to make a decision. The commission's 27 most powerful political members must agree to reject the proposal before the EC can make a final decision.
While iRobot was all set to expand its business in the market of smart home appliances, it witnessed a 40% dip in its shares a few hours after the first reporting of the EU’s intentions in the Wall Street Journal.
Given that the company has been struggling with declining revenues, the acquisition by Amazon was initially viewed as a boon.
In regards to the situation, Matt Schruers, president of tech lobbying group Computer and Communications Industry Association comments that "If the objective is to have more competition in the home robotics sector, this makes no sense[…]Blocking this deal may well leave consumers with fewer options, and regulators cannot sweep that fact under the rug."
According to Damian Williams, the U.S. attorney for the Southern District of New York, this was the second case their firm was announcing that is highlighting the case of “fraud in the cryptocurrency and digital asset ecosystem.”
As noted by the DOJ, Ahmed – a former security engineer for an “international technology company” – was able to "fraudulently obtain" from the aforementioned exchange almost $9 million worth of cryptocurrencies. He executed this by creating bogus dates for pricing, in order to produce the fees that he later withdrew for himself.
Williams further added, "We also allege that he then laundered the stolen funds through a series of complex transfers on the blockchain where he swapped cryptocurrencies, hopped across different crypto blockchains, and used overseas crypto exchanges. But none of those actions covered the defendant's tracks or fooled law enforcement, and they certainly didn't stop my Office or our law enforcement partners from following the money."
Ahmed is also charged with allegedly attempting to steal more money from the exchange via "flash loan" attacks, another type of crypto vulnerability
While it was initially imprecise as to what company the accused had worked for, cybersecurity blogger Jackie Singh on Tuesday mentioned that Ahmed was a former Amazon employee. Jackie further mentioned several other online profiles the accused appeared to have links with.
According to a LinkedIn profile that matches Ahmed's job description, he works at Amazon as a "Senior Security Engineer" and has worked there since November 2020. The user's profile continues to claim Amazon as his employer. However, it is still unclear if this profile is in fact representing Ahmed.
Following this, Amazon was contacted to confirm the aforementioned details, to which the company confirmed that he had worked for Amazon. However he is no longer employed with the company, they added. The tech giant said that it could not provide any further information regarding his role in the company.
Moreover, a report by Inner City Press – a New York outlet – confirms that Ahmed appeared at the court following his detainment on Tuesday. The report mentions him wearing flip-flops, shorts, and a T-shirt saying “I code,” to the court hearing. Later, he was released on bond after pleading not guilty and will be permitted to continue living in his Manhattan apartment, according to the site.
Several major companies, including Amazon and Apple, have recently implemented restrictions on the use of ChatGPT, an advanced language model developed by OpenAI. These restrictions aim to address potential concerns surrounding data privacy, security, and the potential misuse of the technology. This article explores the reasons behind these restrictions and the implications for employees and organizations.
Ring LLC is a home security and smart home company owned by Tech-giant Amazon. The firm creates home security systems with exterior cameras, such as the Ring Video Doorbell smart doorbell, and runs the Neighbors app, which allows users to share video footage with each other online in a communal setting.
According to a report by Motherboard, the ALPHV ransomware gang has claimed to have acquired access to Amazon-owned Ring’s systems and its data. Despite the fact that there is no proof of a system breach, Ring did indicate as much in a statement to the news organization. But, it is well known to them that a ransomware assault has affected one of its third-party providers.
In a response to Ring, ALPHV shares a post on Twitter saying “There’s always an option to let us leak your data”. The ransomware group has not yet made any of the data it is said to have stolen from the business available. But, there is still cause for alarm when Motherboard discovered a Ring listing on ALPHV's data dump website.
Ransomware groups like ALPHV have evolved into using data dump sites to entice victims into paying ransoms in order to regain access to their data. In an effort to persuade businesses to cooperate with the hackers holding their data hostage, a tiny percentage of the stolen data from those businesses is frequently posted publicly.
The ALPHV ransomware gang has attacked companies in the US, Europe, and Asia. The group has also been referred to as BlackCat, named after the malware it deploys. In the past, ALPHV has taken credit for hacking hospitality firms like the Westmont Hospitality Group, which manages IHG and Hilton hotels around the world, as well as leaking medical data from the Lehigh Valley Health Network.
ALPHV's data dump site, where it posts stolen data in collections referred to as "Collections," is another feature that sets it distinct from other ransomware organizations. Other ransomware organizations may have comparable websites, but ALPHV's is renowned for being indexed and simpler to search.
Currently, Amazon is looking into a third-party vendor's data breach that ALPHV has claimed responsibility for. We are unlikely to hear anything more until this investigation is over. Ring's products are widely utilized in homes all over the world since they are among the best video doorbells and home security cameras today.
However, the firm employs end-to-end encryption (E2EE) in the majority of nations to prevent governments and other parties from accessing the data from your cameras and snooping on them. If the ALPHV ransomware gang did end up infiltrating Ring’s third-party vendors, it is possible that the group has also managed to steal corporate or customer data in the attack.
If you are concerned about your Ring data or even the fact that the firm is charging for features that were previously free, it is a good time to consider some alternatives instead. In any case, we will probably soon learn whether or not the ALPHV ransomware gang managed to steal client data.
According to the European Court of Justice's preliminary ruling in the case, third-party dealers were found to be advertising counterfeit red-soled stilettos on Amazon, without Louboutin's permission.
The case came to light when the French designer filed lawsuits against Amazon in Belgium and Luxembourg, claiming that he did not authorize these products to be put on the market.
Louboutin’s signature red-soled stilettos are apparently registered as a trademark within the EU and Benelux trademark.
The top court of the EU stated that customers could be misled into believing that Amazon is selling shoes on behalf of Louboutin when, for example, Amazon places its logo on the ads of third-party sellers and stores and ships the products.
“These circumstances may indeed make a clear distinction difficult, and give the impression to the normally informed and reasonably attentive user that it is Amazon that markets — in its own name and on its own behalf,” the court stated. The luxury brand says that the court’s decision is “a victory for the protection of its know-how and creativity.”
“It initiated these proceedings to obtain recognition of Amazon’s responsibility for the offering for sale of counterfeit products on its platforms by third parties. It also brought this case to encourage Amazon to play a more direct role in the fight against counterfeiting on its platforms,” Maison Louboutin said in a statement.
The EU court came to the conclusion that it is now up to the local governments in Belgium and Luxembourg to decide whether consumers of the online marketplace have believed that Amazon itself was running the advertising rather than third-party vendors.