Morgan Stanley fines some employees $1M for WhatsApp, iMessage use

Investment banking firm Morgan Stanley has punished some of its employees with fines that topped more than $1 million for breaching compliance rules by using WhatsApp and iMessage for business communications.

The fines were levied by docking previous bonuses or future pay, according to a report  in the Financial Times.

While the fines might seem steep, Morgan Stanley itself has had to pay millions of dollars in fines for previous SEC violations related to the use of consumer messaging apps for business purposes.

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Apple marks Data Privacy Week with in-store privacy training, more

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Why enterprises should embrace remote work in 2023

Many businesses are looking to cut costs as economies face recession, but some enterprises may be ignoring one of the most effective ways to trim the fat while boosting productivity — by embracing remote working.

The power is in your hands

We know Macs, iPhones, and iPads have been seeing increased deployment across the enterprise. We also know (because IBM, SAP and so many companies tell us) that businesses that embrace Apple kit also see reduced overall cost of ownership and lower tech support costs. Employee choice delivers big benefits.

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As China pushes its digital currency plans, the US falls behind

China’s digital Yuan project, a blockchain-based cryptocurrency for consumer and commercial finance, can no longer be considered a pilot. That’s the assessment by economic and cryptocurrency experts.

Those experts have been monitoring efforts in China and other countries developing and piloting central bank digital currencies (CBDCs) with the aim of establishing a blockchain-based virtual cash that is cheaper to use and faster to exchange, both at home and across international borders.

To date, the People’s Bank of China has distributed the digital yuan, called e-CNY, to 15 of China’s 23 provinces, and it has been used in more than 360 million transactions totaling north of 100 billion yuan, or $13.9 billion. The country has literally given away millions of dollars worth of digital yuan through lotteries, and its central bank has also participated in cross-border exchanges with several nations.

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Virtual kidnapping scam strikes again. Spot the signs

Categories: News

Tags: virtual kidnapping

Tags: kidnap

Tags: scam

Tags: fake

Tags: fraud

Tags: ransom

Tags: victim

Tags: wire transfer

Tags: digital payment

Tags: venmo

Tags: cashapp

Tags: social engineering

Tags: phone call

Tags: mobile

Tags: relative

A recent scam has been making the rounds that attempts to fool you into thinking a loved one has been kidnapped.

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The post Virtual kidnapping scam strikes again. Spot the signs appeared first on Malwarebytes Labs.

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Microsoft calls time out on Apple Watch Authenticator

Using an Apple Watch as a device to authenticate access to enterprise sites and services using Microsoft Authenticator is a convenience that’s about to go away. Microsoft says the feature will stop working after an Authenticator update scheduled for next month.

Apple Watch auth out

Microsoft Authenticator makes it easy to sign into Microsoft accounts, supported apps or services using two-step verification. Authenticator also generates one-time use codes, so you needn’t wait for text messages or calls to access your accounts.

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Hive Social pulls the plug on itself after security flaws found

Categories: News

Tags: Hive social

Tags: app

Tags: mobile

Tags: social media

Tags: socmed

Tags: mastodon

Tags: twitter

Tags: security

Hive was taken offline last Wednesday, after researchers found security issues which could have had major ramifications for service users.

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The post Hive Social pulls the plug on itself after security flaws found appeared first on Malwarebytes Labs.

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Biometrics are even less accurate than we thought

Credit to Author: eschuman@thecontentfirm.com| Date: Mon, 05 Dec 2022 09:43:00 -0800

Biometrics is supposed to be one of the underpinnings of a modern authentication system. But many biometric implementations (whether that be fingerprint scanes or face recognition) can be wildly inaccurate, and the only universally positive thing to say about them is they’re better than nothing.

Also — and this may prove critical — the fact that biometrics are falsely seen as being very accurate may be sufficient to dissuade some fraud attempts. 

There are a variety of practical reasons biometrics don’t work well in the real world, and a recent post by a cybersecurity specialist at KnowBe4, a security awareness training vendor, adds a new layer of complexity to the biometrics issue.

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