February 3, 2023

Money News PH

The Premier Blog Where Money Talks

Elon Musk introduces Twitter Chaos Mode

The United States went to the polls this week to participate in a high-stakes midterm election. With public confidence in voting systems at an all-time low, secret voting is now more important than ever. We also looked at a flawed app developed by prominent right-wing provocateurs that was used to challenge hundreds of thousands of voter registrations.

Meanwhile, the Justice Department announced that a Georgia man has pleaded guilty to wire fraud nine years after stealing more than 50,000 bitcoins from the Silk Road, the legendary dark web market. You may have heard that things are chaotic at Twitter, with a spate of corporate identifiers plaguing the platform hours after the launch of a service that allows anyone who pays $8 a month to get a blue tick that indicates that it is “verified”. It’s a gift for scammers and crooks of all shades.

A new analysis shows that two large vessels with their trackers turned off were spotted near the Nord Stream 2 pipeline in the days before the gas leaks were discovered. Officials suspect sabotage, which NATO is investigating. Also, Russian military hackers are turning to a new strategy that favors faster attacks with more immediate results.

And there’s more. Each week we highlight the news that we haven’t covered in detail ourselves. Click on the headlines below to read the full stories.

There was more chaos on Twitter this week as security executives resigned after falling out with their new boss, Elon Musk, over how the company should meet its obligations to the Federal Trade Commission. After two data breaches in 2009, Twitter agreed to provide regular reports on its privacy practices under the terms of a 2011 settlement with the Federal Trade Commission. The company reached a settlement with the FTC earlier this year after it was caught placing ads on users’ email addresses and phone numbers that people had provided as part of their security measures. If Twitter fails to meet its obligations to the agency, the FTC could fine the company billions of dollars.

On Wednesday, one day before Twitter’s deadline for filing a report with the FTC, Twitter’s chief information security officer, chief privacy officer, and chief compliance officer announced. The head of the trust and security department of the company also left the company On the next day.

In a message posted to Twitter’s Slack and obtained by The Verge, an attorney for the privacy team wrote that engineers could be asked to “self-certify” that their projects meet the comparison, which the engineers use to “personal, professional and legal risk”. The clerk added that Alex Spiro, Musk’s attorney, told workers, “Elon puts rockets into space — he’s not afraid of the FTC.”

The layoffs came as the company began fighting a wave of corporate impersonators who wrecked the company’s new paid verification system hours after it was launched.

About 60 of Maricopa County’s 223 polling stations reported technical problems on Election Day, which frustrated voters and fueled conspiracies of voter fraud. Technicians were dispatched to polling stations in Arizona’s largest county on Tuesday to fix dozens of faulty voting machines. Election officials urged frustrated voters to vote elsewhere or put their ballots in a secure box to be counted later. “Everyone can vote. No one was disenfranchised,” Maricopa County Board of Trustees Chairman Bill Gates told reporters Tuesday morning.

But that didn’t stop right-wing influencers, including former US President Donald Trump, from using the glitch to claim voices were being suppressed. Researchers from the University of Washington found online chatter about problems with tabs started trending after Republican activist Charlie Kirk posted about her; Later in the day, Trump contacted Truth Social to suggest without evidence that only “Republican areas” were affected by the bugs. Around 2:30 p.m. local time, Arizona officials announced they had fixed the problem by changing the machines’ printer settings.

A Russian-Canadian citizen named Mikhail Vasiliev was arrested in Canada on Wednesday for his alleged participation in the LockBit ransomware campaign, according to the US Department of Justice and Europol. LockBit claimed at least 1,000 victims in 2022, according to Deep Instinct’s Interim Cyber ​​Threat Report, and is responsible for around 44 percent of ransomware campaigns that year. Vasiliev is charged with “conspiracy to intentionally damage protected computers and transmit ransom demands” and is currently in Canada awaiting extradition to the United States. If convicted, he faces a maximum of five years in prison.

A security issue delayed a record-breaking $2.04 billion Powerball draw after an unnamed state failed to provide relevant data and full security protocols. According to the Multi-State Lottery Association, which operates Powerball, one of the regional lottery commissions was unable to finalize its sales and ticketing dates in time for Monday night’s drawing. The 10-hour delay ended Tuesday with a lone winner who purchased the ticket from state lottery officials at Joe’s Service Center, a gas station in Altadena, California said.