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BitTorrent Piracy Penalty Reduced and Split Between Peers
The US judge has made an interesting decision in a series of default judgments targeting alleged online pirates. The judge came to a conclusion that since the file-sharers are accused of being in the same swarm, they should share the penalty.
Yahoo Warned about Malicious Activity on Accounts, Again
The tech giant has warned its users of potentially malicious activity that took place in 2015 and 2016. This seems to be the latest cybersecurity problem experienced by Yahoo. The news were announced 2 months after Yahoo revealed that details of more than 1bn user accounts had been compromised in 2013, becoming the largest breach ever. The number of compromised accounts was double the number implicated in a 2014 breach Yahoo disclosed a few months ago and blamed on state-sponsored hackers.
Samsung Leader Was Arrested over South Korean Corruption Scandal
Vice-president of Samsung has been arrested over the corruption and influence-peddling scandal, which could topple the impeached president of South Korea, Park Geun-hye. Prosecutors accuse 48-year-old Lee Jae-yong (aka Jay Y Lee) of bribing a president’s close friend to secure state support for a business deal that would bring him to the top of the company. The local court approved the billionaire’s arrest, and the rumors are that he can be indicted on such charges as bribery, embezzlement, hiding assets overseas and perjury.
Trump Probably Owns Unsecured Android Smartphone
The guesses are that the new President of the US owns a 2012 Samsung Galaxy S3 that isn’t even updated anymore, which automatically leaved its owner vulnerable to cyber criminals and nation-state actors.
Samsung Blamed Battery Faults for Galaxy Note 7 Problem
The smartphone maker has blamed Galaxy Note 7 batteries for causing its flagship smartphone to overheat and catch fire. This fault led to the recall of all Note 7 devices and damaged consumer confidence in Samsung.

Representatives of the world’s biggest maker of smartphones made an official announcement, saying that the exhaustive tests had ruled out any problems with the hardware or software. At the same time, internal and independent investigations have concluded that it was the fault of batteries.

It turned out that the casing of the original battery was too small, causing it to short-circuit and ignite. Samsung then replaced it with a battery with a different manufacturing defect (which ironically led to the same result). The company was forced to recall over 2.5 million smartphones in September 2016 and then permanently end their production in October. Financial experts estimate that this move could cost Samsung $5.3bn in lost profits.

The company explained that it had spent a few months putting all efforts and resources into determining the cause of the incidents, examining hardware and software of the device, as well as related processes, such as assembly, quality assurance testing, and logistics. 700 engineers and researchers conducted tests on more than 20,000 fully assembled devices and over 300,000 batteries. As a result, the problem with the original lithium-ion battery was traced to its internal structure comprising layers of positive and negative electrodes. It was found that the battery was squashed in one corner in some cases, forcing the tips of the layer of negative electrodes to curve over. In the replacement batteries produced by a different supplier, the problem was caused by punctures in a super-thin component separating the positive and negative electrodes, along with faulty insulation.
Lloyds Bank Accounts Were Targeted in Online Attack
Cybercriminals tried to block access to 20 million UK accounts of Lloyds Banking Group during 48-hour DDoS attack. Lloyds, Halifax and Bank of Scotland were bombarded with millions of fake requests, which usually aim at demanding a ransom from the target. However, the banking group assured that no accounts were hacked or compromised, and it did not pay any ransom. The bank’s IT security experts “geo-blocked” the source of the attack which allowed them to cut out the server launching the attacks, but this also made legitimate customer unable to access the bank too. Once the hackers understood their server was identified, they moved to another one. The bank declined to comment on the specific nature of the attack.

The chair of the House of Commons Treasury select committee called for the financial industry to create a single point of responsibility to tackle cyber risks, pointing at the necessity of higher level of scrutiny and accountability for existing arrangements with customers being exposed to the risks of cybercrime.

A few months ago, a much more serious attack targeted Tesco Bank and resulted in the loss of £2.5m from 9,000 accounts. A few other major UK banks have also experienced service outages over the past several years due to DDoS attacks. For example, a year ago, a DDoS attack made HSBC’s Internet banking facility unavailable, but no transactions were affected at the time. Before that, Royal Bank of Scotland admitted that it suffered a hacking attack on its online services when monthly paychecks were arriving in accounts.

The chancellor, Philip Hammond, promised to spend an extra £1.9bn protecting UK online defenses, with out-of-date computer systems being exploited by hackers to target everyone everywhere. This money will support the newly created National Cyber Security Centre under the surveillance agency GCHQ. The chair of the Treasury select committee believes that responsibility for addressing online threats is shared too widely among several bodies, including the Prudential Regulatory Authority, the Financial Conduct Authority and GCHQ. As such, it is probably time to consider a single point of responsibility for online risk in the financial services sector.
What's a Best VPN for Torrenting in 2017? The Big VPN Comparison Chart
ExtraTorrent Contest's Winners Received Their Prizes - MacBook Pro and iPhone 7!
Bitcoin Value Crossed $1,000
Bitcoin has started new year with a surge: its value hit a 3-year high of more than $1,000. The cryptocurrency has long been criticized as a vehicle for illegal activities like drug dealers and tax evaders, but in the end it outperformed all its central-bank-issued counterparts with a 125% climb in value last year.
No Evidence of Hacking US Election Found, but Vulnerabilities Revealed
A recent crowdfunded effort to recount the vote in key states confirmed that there was no evidence of a successful cyberattack to change votes. However, the findings highlighted the extent to which the US political system is vulnerable to hacking attack.


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