Pentagon Reveals Potential Stock Market Hacking, US Financial System at Risk

Due to the issues about hackers in America lately, the United States Department of Defense is worrying that these intruders might attack the financial system of the country. This is the reason why it is currently in talks with the traders of Wall Street to take the necessary actions in preventing the hackers, should they attack.

According from the reported online news through the Wall Street Journal, the Defense Advanced Research Projects Agency (DARPA) of Pentagon is now talking with several traders as well as managers of quantitative hedge fund in order to explain the possible scope of damage that the hackers might cause if they attack the financial system of American.

The DARPA is one of the trusted research divisions of Pentagon.

Based on the reported information, DARPA already began its consultation since 2016 and made an effort to reach out the different business owners who operate financial firms. The agency is serious in creating the best possible solutions, in case the hacking groups start to pursue their plans to take down the stock market in the United States.

They actually considered this move as an early state preparation so that they know exactly what to do should the hacking takes place. DARPA revealed the confirmation of the information about the preparation through the Wall Street Journal and recognized as Financial Market Vulnerabilities Project.

“We started thinking a couple years ago what it would be like if a malicious actor wanted to cause havoc on our financial markets,” Said Wade Shen during an interview with WSJ as quoted by rt.com.

Shen is the current program manager of DARPA.

This particular hacking issued that bothered Pentagon somehow received different reactions from those who learned about it. From the published report through businessinsider.com, the information revealed that it is a bit funny to learn that the Pentagon is now showing interest to determine the potential hacking issues, yet nobody is worrying on how are manipulating the stock market.

It seems that the American government is concerned about the declining stocks, which even involved the Pentagon.

For the past several years, there had been unwanted reports about stock market manipulations and they occurred not only in the United States, but also across the globe. There are experts on this field who revealed that manipulating stocks is already part of the trading industry and believe the shares become stable later on.

Unfortunately, this kind of investment can become rigged to ordinary shareholders who do not have enough knowledge on how to recover their losses and go with the game. Sometimes, there is this mindset that losing money from this kind of trading will never give a chance to win. This particular issue could happen if there are no good buyers and the stock values collapses.

It is also true when they say that the success of stock market can depend on how the ordinary traders survive. This is the reason why there are existing regulations to provide the best security for both minor and huge traders out there. It is definitely important to make the trading fair and not just for the interest of huge traders.

Going back to the concern of Pentagon about the potential hacking of the US financial system, the Security and Exchange Commission (SEC) admitted last month that in 2016, there are hackers who managed to access their corporate disclosure database. The commission added that the hackers might have earned money from the stolen information.

However, SEC revealed that it then resolved the vulnerability last year and last August, it learned about the issue affecting the trade market.

As detailed by rt.com, the hackers might possible attack the payroll system, perform trade algorithms manipulation and create bogus orders in selling stocks. If this happens, it can definitely affect the overall stock market performance down.

DPA Alleges Microsoft for Unpermitted Use of Data from Widows 10 Users

Giant software company Microsoft seriously needs to explain its side after a privacy watchdog revealed that the company is using its gathered data from Windows 10 users.

Microsoft uses the data without the knowledge of the users, the watchdog said.

From the latest news report through Reuters, a Dutch privacy watchdog is alleging the giant software company of gathering data from its Windows 10 users and using them without any permission or consent. They recognized the watchdog as Dutch Data Protection Authority (DPA) and allegedly revealed that the company is not informing its users about such activity wherein it gather personal information when using the Internet.

Based on the statement of DPA, the unpermitted gathering of users data by Microsoft is a clear breach of Dutch data protection law on how it utilize the collected information from Windows 10 users.

From the shared report through zdnet.com, the watchdog said that the giant tech-company is not revealing to its Home as well as Pro users (Windows 10 Operating System) that it gathers their personal information. It does not also clearly explain the reason why.

DPA believe that the users will never agree to allow Microsoft to collect their personal data and use them for whatever purpose it has in mind.

From the explanation of the Dutch watchdog also, the gathered data include those when users access the apps and when browsing the Internet using Edge (its own web portal), when using the default settings.

“It turns out that Microsoft’s operating system follows about every step you take on your computer. That results in an intrusive profile of yourself,” Wilbert Tomesen stated who is the vice-chairman of the regulator. “What does that mean? Do people know about this, do they want this? Microsoft needs to give users a fair opportunity to decide about this themselves,” he continued as quoted by zdnet.com online.

The vice-chairman tells the company to allow its users made a decision on whether they permit personal data gathering or not.

The giant software maker likewise is encouraging the users through the system to enable the “full telemetry” setting and not the “basic” setting. However, this kind of encouragement will instantly transmit the usage and diagnostic information about the computer of the user to the company. The “Full Telemetry” will transmit the app usage data as well as histories of browsing through Edge.

From the statement of the watchdog as quoted through rt.com, it states that, “If a person does not actively change the default settings during installation, it does not mean he or she thereby gives consent for the use of his or her personal data.”

In line with this issue, Microsoft made a respond after learning about the statement and it said that the Windows 10 has actually new added privacy features. It explained that these features give the users the choices to decide on their own. Additionally, it said that it already issued its pointers in a released summary wherein it state that the allegation of DPA is not true and inaccurate.

From the shared news information through extremetech.com last June, it revealed that one of the biggest disagreement flashpoints when it introduced the Windows 10 OS is about the gathering of personal data from the users. Because of this matter, the French data privacy watchdog Commission Nationale de I’informatique et des Libertes (CNIL) already investigated about the practices of Microsoft in gathering data.

As a result, CNIL said that the giant tech-company violated the French law.

This particular data breach issue does not only involve a giant software maker company like Microsoft because few months ago, search engine giant Google likewise made an announcement that it ends its guideline in terms of targeted ads generation based on the keywords, which originate from the gmail account of the users.

OnePlus Secretly Gathers Sensitive User Information, Security Researcher Reveals

Many people believe that one of the most dangerous situations in life is when a person experienced a serious identity theft. This is actually a very wide spreading concern these days, especially hitting millions of innocent folks out there who often expose their personal information over the Internet. There are countless of unlawful strategies that professional criminals and hackers can do to victimize their targets.

This is the exact reason why a person needs to secure all personal information against these types of intruders or abusive individuals. In most cases, they target details such as Social Security Numbers, Credit Cards, Bank Accounts, Phone Numbers and other data about the identity of the victim.

From the latest reported news online, there is now a spreading issue about OnePlus and it is gathering sensitive information from its users without asking them permission. The revelation came from an expert security researcher who recently discovered this unknown activity of the Chinese mobile phone maker.

According to Chris Moore, he explained that OxygenOS-based handsets collect massive user data and this kind of approach is unlawful and can definitely affect the credibility or reputation of the company.

Moore is a security researcher and revealed that all the collected data are stored in a particular server, which include the serial number of the involved handsets. He actually published the issue few months ago in a blog post, but it was only lately when the readers showed interest to learning about this issue.

As detailed through The Verge, the OnePlus Smartphone units are recording the date through the OxygenOS platform such as when a user is locking or unlocking the device, using WIFI connectivity, active apps and these are actually the usual information to check. Unfortunately, the security researcher likewise revealed that the Chinese mobile phone maker is gathering data from the users such as the phone number, IMEI, MAC addresses, IMSI prefixes and mobile network names, among other important data without the knowledge of the person who is using the device.

This is when the issue arises because such activity is limited or very particular.

In addition, Moore stated that the illegal collection of the data happens through the OnePlus Device Manager Provider as well as OnePlus Device Manager, as reported online.

“From a development point of view, wanting to know about abnormal reboots seems legitimate, but the screen on/off and unlock activities feel excessive. At least these are anonymized, right? Well, not really—taking a closer look at the ID field, it seems familiar; this is my phone’s serial number,” said Moore as quoted by hothardware.com. “This I’m less enthusiastic about, as this can be used by OnePlus to tie these events back to me personally (but only because I bought the handset directly from them, I suppose),” he continued.

Aside from being a professional security researcher from UK, Chris Moore owns a tech blog online and a Cyber Security Challenge UK’s finalist.

In line with this issue, the Chinese-based phone manufacturer admitted that it is transmitting analytics to a server from Amazon (2-way streams as it call). Firstly, the purpose is for the usage analytics in fine-tuning its software. Secondly, it transmits analytics for the device information that they need to gather the data for their completing after-sales support, as detailed through The Verge.

However, OnePlus explained that it is not possible to disable the 2nd stream and a user can stop the data collection through turning off the process in the Settings of the device. Through the Settings, a user needs to open Advanced and simply deselect the “Join user experience program” option.

Although the company offers reasonable and good quality handsets to its valued users, it is might not be a reason if it secretly obtains personal data without the right permission or explanation from the users.

It still leads to a doubtful activity considering that the data collection is unknown.