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The cyber security story for May 2019 is much the same as it was last month, with one mammoth breach raising the monthly total.

The offender this time is the First American Financial Corp., which breached sixteen years’ worth of insurance data. That incident accounted for more than 60% of all of May’s breached records.

In total, at least 1,389,463,242 records were compromised. That brings the annual running total to 7.28 billion and reduces the monthly average to 1.44 billion.

Cyber attacks

Ransomware

Data breaches

Financial information

Malicious insiders and miscellaneous incidents

In other news…

Source: IT Governance

Amazon.com Inc. is developing a voice-activated wearable device that can recognize human emotions.

The wrist-worn gadget is described as a health and wellness product in internal documents reviewed by Bloomberg. It’s a collaboration between Lab126, the hardware development group behind Amazon’s Fire phone and Echo smart speaker, and the Alexa voice software team.

Designed to work with a smartphone app, the device has microphones paired with software that can discern the wearer’s emotional state from the sound of his or her voice, according to the documents and a person familiar with the program. Eventually the technology could be able to advise the wearer how to interact more effectively with others, the documents show.

It’s unclear how far along the project is, or if it will ever become a commercial device. Amazon gives teams wide latitude to experiment with products, some of which will never come to market. Work on the project, code-named Dylan, was ongoing recently, according to the documents and the person, who requested anonymity to discuss an internal matter. A beta testing program is underway, this person said, though it’s unclear whether the trial includes prototype hardware, the emotion-detecting software or both. Amazon declined to comment.

The notion of building machines that can understand human emotions has long been a staple of science fiction, from stories by Isaac Asimov to Star Trek’s android Data. Amid advances in machine learning and voice and image recognition, the concept has recently marched toward reality. Companies including Microsoft Corp., Alphabet Inc.’s Google and IBM Corp., among a host of other firms, are developing technologies designed to derive emotional states from images, audio data and other inputs. Amazon has discussed publicly its desire to build a more lifelike voice assistant.

The technology could help the company gain insights for potential health products or be used to better target advertising or product recommendations. The concept is likely to add fuel to the debate about the amount and type of personal data scooped up by technology giants, which already collect reams of information about their customers. Earlier this year, Bloomberg reported that Amazon has a team listening to and annotating audio clips captured by the company’s Echo line of voice-activated speakers.

A U.S. patent filed in 2017 describes a system in which voice software uses analysis of vocal patterns to determine how a user is feeling, discerning among “joy, anger, sorrow, sadness, fear, disgust, boredom, stress, or other emotional states.” The patent, made public last year, suggests Amazon could use knowledge of a user’s emotions to recommend products or otherwise tailor responses.

A diagram in the patent filing says the technology can detect an abnormal emotional condition and shows a sniffling woman telling Alexa she’s hungry. The digital assistant, picking up that she has a cold, asks the woman if she would like a recipe for chicken soup.

A second patent awarded to Amazon mentions a system that uses techniques to distinguish the wearer’s speech from background noises. Amazon documents reviewed by Bloomberg say the wearable device will take advantage of such technology.

Amazon’s work on a wearable device underscores its ambitions of becoming a leading maker of both cutting-edge speech recognition software and consumer electronics. The Echo smart speaker line and embedded Alexa voice software have popularized the use of voice commands in the home. The company has also added voice control to Fire-branded video streaming devices for television, as well as tablets.

But Amazon’s efforts to create smartphone software to rival Apple Inc. or Google have failed. So the company is trying to make Alexa ubiquitous in other ways. Bloomberg reported earlier this year that Amazon was developing wireless earbuds, similar to Apple AirPods, that are expected to include the Alexa voice software. The company has begun distributing Echo Auto, a dashboard-mounted speaker and microphone array designed to pair with a smartphone, and says it received 1 million pre-orders.

Amazon has also been working on a domestic robot, Bloomberg reported last year. Codenamed “Vesta,” after the Roman goddess of the hearth, home and family, the bot could be a kind of mobile Alexa, according to people familiar with the project. Prototypes of the robot can navigate through homes like a self-driving car.

Source: Bloomberg

New York (CNN Business)Binance, a major cryptocurrency exchange, says hackers stole more than $40 million worth of bitcoin from its customers.

The Taiwan-based company, one of the world’s largest crypto exchanges, announced that it discovered a “large scale security breach” Tuesday. It said hackers stole 7,000 bitcoins in one transaction. One bitcoin trades at nearly $6,000.
“The hackers used a variety of techniques, including phishing, viruses and other attacks,” CEO Changpeng Zhao wrote in the statement. He said the company continues to investigate the breach.
Zhao explained that the hackers waited for the best time to conduct their operation, but he didn’t clarify specifically how the hack went undetected.
“The transaction is structured in a way that passed our existing security checks,” he said. “Once executed, the withdrawal triggered various alarms in our system. We stopped all withdrawals immediately after that.”
The stolen bitcoin (XBT) will be reimbursed through Binance’s secure asset fund, emergency insurance available in case of a breach. Binance warned that other accounts could be affected.
Binance also temporarily suspended deposits and withdrawals, but it said bitcoin trading can continue. A security review of the incident will take at least a week.
“We beg for your understanding in this difficult situation,” Zhao wrote.
The hack is coming during a time when bitcoin is hot once again. Bitcoin prices have surged nearly 60% this year after plunging almost 75% in 2018
Source: CNN

Facebook makes a U-turn on Blockchain and cryptocurrency ads, CNBC reports. Hence, more crypto-oriented companies will be able to promote their products on the biggest social media network.
‘Facebook Coin’ Reportedly Coming in First Half of 2019

‘Facebook Coin’ Reportedly Coming in First Half of 2019

No need for pre-approval

As reported by U.Today, Facebook relaxed is crypto ad ban back in June, but ICOs were still barred from the website. Despite this announcement, the social media giant continued to blackball the majority of crypto-related ads. The thing is, Facebook only readmitted the companies that already got the green light before the ban, but the majority of new submissions have been rejected (mostly for some obscure reasons).

Now, a wide range of crypto-related ads does not need to be pre-approved at all. It appears that only those ads that are promoting ICOs and other crypto projects will be vetted as usual by Facebook.

“While we will still require people to apply to run ads promoting cryptocurrency, starting today, we will narrow this policy to no longer require pre-approval for ads related to blockchain technology, industry news, education or events related to cryptocurrency,” the blog post read.

Back in October, Google also reversed its crypto ban for regulatory compliant exchanges after banning crypto ads along with a slew of other tech companies, such as LinkedIn and Snapchat.

Mark Zuckerberg Shuts Down P2P Payments in Messenger – Getting Ready to Launch ‘Facebook Coin’?

Facebook’s crypto bet

Facebook had no choice but loosen its grip on crypto since it’s prepping to issue its own cryptocurrency that is supposed to become a major disruptor in the industry. Facebook’s foray into crypto is allegedly the reason why major institutions are becoming enthusiasticabout digital assets.

Source: U Today

We would’ve been talking about an extraordinarily low number of breached records this month if it hadn’t been for a string of incidents in India, another Facebook gaffe and a massive blunder in China, in which a series of companies exposed almost 600 million citizens’ CVs.

Still, April 2019 saw a not completely disastrous 1,334,488,724 breached records. That’s better than last month, bringing the annual total to 5.64 billion and reducing the monthly average to 1.46 billion.

Here’s the list in full:

Cyber attacks

Ransomware

Data breaches

Financial information

Malicious insiders and miscellaneous incidents

In other news…

Source: IT Governanace