Jeff Stone

Buffalo, New York

**Not on Twitter anymore** editor @business tracking info ops, scams, hacks + weirdness. Bluesky: https://t.co/DiziPIypyI Signal: 1-716-249-1677

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Articles

Microsoft Seizes Domains Linked to Ransomware in Cyber Dragnet

2 weeks ago | bloomberg.com | Jeff Stone

Have a confidential tip for our reporters? Before it’s here, it’s on the
Coinbase’s Customer Data Theft Is Being Investigated by DOJ

2 weeks ago | ca.finance.yahoo.com | Chris Strohm |Jeff Stone

(Bloomberg) — The US Justice Department has opened a probe into a recent breach at the leading cryptocurrency exchange Coinbase Global Inc., according to a person familiar with the matter. Investigators, including those in the department’s criminal division in Washington, are digging into the circumstances surrounding the breach, said the person, who asked not to be identified discussing the investigation.
Theft of Coinbase Customer Data Probed by Justice Department

2 weeks ago | bloomberg.com | Chris Strohm |Jeff Stone

Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Coinbase Global Inc., the largest U.S. cryptocurrency exchange, is set to debut on Wednesday through a direct listing, an alternative to a traditional initial public offering that has only been deployed a handful of times.
Coinbase Hack Highlights How Greed Can Overwhelm Cyber Defenses

3 weeks ago | news.bloomberglaw.com | Jeff Stone

Following cybersecurity best practices doesn’t always protect against human greed. Scammers again proved that to be true by bribing Coinbase Global Inc. representatives based in India to steal customer data from the cryptocurrency company and then demanding a $20 million ransom. The fraudsters offered cash to the Coinbase customer representatives in exchange for users’ names, addresses, government ID images and other data, the company said Thursday.
Coinbase Hack Highlights How Greed Can Overwhelm Cyber Defenses

3 weeks ago | bloomberg.com | Jeff Stone

Coinbase now expects to pay up to $400 million to resolve the incident, the company said in a filing with the US Securities and Exchange Commission. (Bloomberg) -- Following cybersecurity best practices doesn’t always protect against human greed. Scammers again proved that to be true by bribing Coinbase Global Inc. representatives based in India to steal customer data from the cryptocurrency company and then demanding a $20 million ransom.
Coinbase Hackers Use Bribery to Grease the Wheels to Access Client Data

3 weeks ago | bloomberg.com | Jeff Stone

Have a confidential tip for our reporters? Before it’s here, it’s on the
The Elite Microsoft Unit Constantly Working to Thwart Hackers

4 weeks ago | news.bloombergtax.com | Dina Bass |Jeff Stone |Jake Bleiberg

The clues that hackers had broken into a major US telecom were almost imperceptible — like tiny undulations in a river’s current. To the company, the ripples looked like normal traffic, according to a person familiar with the attack. But to threat analysts at Microsoft Corp., they pointed to the presence of intruders. At the time, there was no way of assessing the seriousness of the breach. Months of detective work lay ahead.
The Elite Microsoft Unit Constantly Working to Thwart Hackers

4 weeks ago | news.bloomberglaw.com | Dina Bass |Jeff Stone |Jake Bleiberg

The clues that hackers had broken into a major US telecom were almost imperceptible — like tiny undulations in a river’s current. To the company, the ripples looked like normal traffic, according to a person familiar with the attack. But to threat analysts at Microsoft Corp., they pointed to the presence of intruders. At the time, there was no way of assessing the seriousness of the breach. Months of detective work lay ahead.
The Elite Microsoft Unit Constantly Working to Thwart Hackers

4 weeks ago | bloomberg.com | Dina Bass |Jeff Stone |Jake Bleiberg

The clues that hackers had broken into a major US telecom were almost imperceptible — like tiny undulations in a river’s current. To the company, the ripples looked like normal traffic, according to a person familiar with the attack. But to threat analysts at Microsoft Corp., they pointed to the presence of intruders. At the time, there was no way of assessing the seriousness of the breach. Months of detective work lay ahead.
Messaging App Tied to Trump Cabinet Investigating Cyber Incident

1 month ago | news.bloomberglaw.com | Jeff Stone

TeleMessage, the message-archiving app that former National Security Adviser Michael Waltz appeared to be using in a photograph of him communicating with other Trump administration officials, is investigating whether hackers exploited its technology. A spokesperson for TeleMessage confirmed the inquiry in a statement on Monday and said the app’s services have been temporarily suspended.