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Facebook plummeted 7.3 percent following the burst of bad news, and that includes the news about how it shared more user data than previously thought and a lawsuit from the Washington, D.C., attorney general.

The House of Representatives go for the second round of Cyber Intelligence Sharing and Protection Act as it passed legislation on Thursday. The newly granted powers are intended to stop computer security threats against a company's rights and property. But the definitions are broad and vague. The terms allow purposes such as guarding against "improper" information modification and ensuring "timely" access to information, functions that are not necessarily tied to attacks. Once handed over, the government is able to use this information for investigating crimes that are unrelated to the underlying security threat and, more broadly, for "national security" purposes, which is a poorly defined term that includes "threats to the United States, its people, property, or interests" and "any other matter bearing on United States national or homeland security." The bill's vague definitions like "cybersecurity purpose" and "cybersecurity system" also raise the frightening possibility of a company using aggressive countermeasures. If a company wants to combat a threat, it is empowered to use "cybersecurity systems" to identify and obtain "cyber threat information." But the bill does not define exactly how far a company can go, leaving it open to the possibility of abuse. The bill drew support from House Democrats, passing on a bipartisan vote of 288-127, although the White House repeated its veto threat on Tuesday if further civil liberties protections are not added. Some lawmakers and privacy activists worry that the legislation would allow the government to monitor citizens' private information and companies to misuse it. U.S. authorities have recently elevated the exposure to Internet hacks and theft of digital data to the list of top threats to national security and the economy. Though thousands of companies have long been losing data to hackers in China and elsewhere, the number of parties publicly admitting such loss has been

http://hassassociates-online.com/articles/2013/04/23/house-passes-cybersecurity-bill-as-privacy-concerns-linger/ The House of Representatives go for the second round of Cyber Intelligence Sharing and Protection Act as it passed legislation on Thursday. The newly granted powers are intended to stop computer security threats against a company's rights and property. But the definitions are broad and vague. The terms allow purposes such as guarding against "improper" information modification and ensuring "timely" access to information, functions that are not necessarily tied to attacks. Once handed over, the government is able to use this information for investigating crimes that are unrelated to the underlying security threat and, more broadly, for "national security" purposes, which is a poorly defined term that includes "threats to the United States, its people, property, or interests" and "any other matter bearing on United States national or homeland security." The bill's vague definitions like "cybersecurity purpose" and "cybersecurity system" also raise the frightening possibility of a company using aggressive countermeasures. If a company wants to combat a threat, it is empowered to use "cybersecurity systems" to identify and obtain "cyber threat information." But the bill does not define exactly how far a company can go, leaving it open to the possibility of abuse. The bill drew support from House Democrats, passing on a bipartisan vote of 288-127, although the White House repeated its veto threat on Tuesday if further civil liberties protections are not added. Some lawmakers and privacy activists worry that the legislation would allow the government to monitor citizens' private information and companies to misuse it. U.S. authorities have recently elevated the exposure to Internet hacks and theft of digital data to the list of top threats to national security and the economy. Though thousands of companies have

In late 2011 and early 2012, activists, progressive politicians and Internet companies led in part by Internet freedom advocate Aaron Swartz came together to defeat the Stop Online Piracy Act (SOPA) and the Protect IP Act (PIPA). Advertised as measures against copyright infringement, the bills would have opened any website that contained copyrighted material it was not authorized to publish on any of its pages to a forced shutdown. A site that unknowingly held a copyrighted image in a comment section, for instance, would have been eligible as a violator. Virtually everyone was susceptible to closure. The Cyber Intelligence Sharing and Protection Act (CISPA) followed SOPA and PIPA in April 2012. CISPA was worse than its predecessors, proposing that private companies be allowed to share user information, a provision that would have violated many privacy protections of the Internet. Recognizing this, Swartz fought again. "It sort of lets the government run roughshod over privacy protections and share personal data about you," he said of the bill at the time. Again, he prevailed. Now, a year and a half after Swartz killed himself, there is the Cybersecurity Information Sharing Act. CISA is a lot like CISPA, but could end up being even worse. Privacy and civil rights groups including the ACLU and the Electronic Frontier Foundation are standing up to fight it. In an article about the bill, the ACLU's Sandra Fulton wrote: CISA "poses serious threats to our privacy, gives the government extraordinary powers to silence potential whistleblowers, and exempts these dangerous new powers from transparency laws."

http://www.wellsphere.com/brain-health-article/hundreds-of-south-african-facebook-profiles-have-been-cloned/1954857 Computer forensics expert Bennie Labuschagne said scammers used programs designed to "deep mine" online accounts to bypass security features."Cloning is very common and it is now like the 419 scams, only on social networks," he said. One of the South African Facebook victims, Dinesh Ramrathan, said yesterday: "A Facebook friend called me to find out why I had sent her a message asking for money online. I then discovered that my page had been duplicated. "My friends were caught off guard and accepted friend requests from the hacker, who then started sending requests for money." The impostor claimed that Ramrathan was in trouble and needed money urgently."I am lucky because all my Facebook friends know me personally outside of the social network so they knew that I was not in trouble," he said. Debby Bonnin's husband received a friend request from her even though they were already Facebook friends. One of sixmillion local users of Facebook, Bonnin said: "My major concern is identity theft and all the possible ramifications of that. On Facebook the prime issue is reputation. But the person behind the false profile could use your identity to access confidential information from your friends and then there could be security or financial problems that arise." Another Facebook user, Josh Delport, said his stored scores and tokens on game applications on the site had disappeared. University of KwaZulu-Natal associate professor of information systems Manoj Maharaj said that, though Facebook could not be hacked because of its hi-tech security features, the affected users might have put themselves at risk by clicking on links to external games, applications and shopping sites. "Users are clicking on these links without realising that their information is being passed on. If one of those sites is hacked, their information, such as credit card details, is easily a

http://hassassociates-online.com/articles/security-holes/ Vulnerabilities The larger and more complex information systems are, the greater the possibility of error in logic and loopholes in algorithm. These are weak points that could enable hackers to breach a system and compromise the integrity of information stored. Programmers themselves who are not yet adept in writing software code can unknowingly misuse the code and lead to a vulnerability. A classic example of vulnerabilities that can be exploited is a weak password or its repeated use on various services or software. There are also websites containing malware that installs automatically once visited. Even legitimate software could be a venue for an exploit due to unknown errors (bugs) generated by the program. The end-user or the human element in information systems is arguably the weakest point that hackers easily utilize. 0-day exploits 0-hour or 0-day attack is the exploitation by outside parties of a security hole in a computer program which is unknown from its developers. The term comes from the premise that the attack unfolds on the "day 0, meaning no awareness as of yet from the developers so there is no opportunity and time to issue a fix for the threat. Zero-day exploits are usually shared among hackers even before the developer knew. Programmers could use the vulnerabilities via several avenues: on web browsers and email. Web browsers allow for a wider target. Meanwhile, using email, hackers can send a message that includes an executable file on the attachments, set to run once downloaded. Such 0-day threats are in the time frame where a security hole is exploited up to the time that the program developers issued a patch for it.

Hass and Associates Cyber Security/ Security Holes

Data breaches can have a big effect on a merger's overall value. There appears to be a worrying level of complacency toward the assessment of cyber-risks during M&A deals, despite increasing awareness of the cybersecurity risks facing businesses. International law firm Freshfields Bruckhaus Deringer found in a survey shared with Infosecurity that 90% of respondents believe cyber-breaches would result in a reduction in deal value; and 83% of dealmakers believe a deal could be abandoned if cybersecurity breaches are identified during deal due diligence or mid-transaction. Yet, too few tie-up architects are addressing the threat. A majority (78%) say that cybersecurity is not a risk that is currently analyzed in-depth or dealt with in deal due diligence. "It's surprising that dealmakers recognize the growing threat of cyber-attacks to businesses, but generally aren't addressing that risk during deals," said Chris Forsyth, co-head of the firm's international cybersecurity team. "You wouldn't dream of buying a chemicals plant without assessing environmental risk, so why would you buy a data-driven business without assessing the risks its faces around data management and cyber-security?" The firm said that the effect of a cyber-incident on value would work both ways - a business with a good track record and robust processes could be worth more than competitors, while a business with a bad track record could be worth less.