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03/22/2021
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WorkScoop
The latest U.S. figures about big Microsoft bugs. A data breach at a camera firm highlights uncomfortable questions. And allegations of insider trading on the dark web. This is CyberScoop for March 22, 2021.

Fewer victims at risk of big flaws

The number of entities in the U.S. that remain vulnerable to the recently announced Microsoft Exchange Server software flaws is dropping, according to a National Security Council spokesperson. Overall, the number of vulnerable systems systems fell 45% last week, and there are now fewer than 10,000 vulnerable systems in the U.S., compared to the more than 120,000 entities that were vulnerable when the software bugs were first uncovered. The key to that apparent decrease is the fact that entities are taking advantage of a new tool Microsoft released to the public last week in an attempt to protect protect smaller organizations against hackers. Shannon Vavra has the latest.


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Breach at surveillance company hints at larger questions

Some of the surveillance cameras, facial recognition systems and data collection firms that track people every day also fail to protect that information. The latest reminder came in the form of a breach at the camera technology-maker Verkada, when hackers accessed live video and archived content from some 150,000 cameras. The incident is only the latest evidence that such companies too frequently treat data protection like an afterthought. Sean Lyngaas breaks it down.


'MillionaireMike' pleads guilty

A SpaceX engineer pleaded guilty to charges of conspiracy to commit securities fraud, after an FBI informant fed him purported insider information and he “gained control of of an investment account that had been fraudulently opened," according to the Justice Department. James Roland Jones, aka "MillionaireMike," had started scheming in 2016 by trying to fake his way into a dark web insider trading forum, the Securities and Exchange Commission said. The SEC, which filed a complaint against Jones, said he began selling fake insider trading tips after failing to stick in the insider trading forum. Tim Starks dives in.


Jail door shuts on Infraud members

Infraud, the $568-million cybercrime ring, has been defunct for years, but U.S. prosecutors are still pursuing the group’s members. A federal judge on Friday sentenced one of Infraud’s alleged co-founders to 10 years in prison, and one of the group’s IT infrastructure handlers to five years. Sean has this report.


A major vendor joins a US grid security program

Amid persistent state-linked hacking threats to the electric sector, another big supplier of power gear has signed onto a U.S. government-backed security testing program. Schweitzer Engineering Laboratories will send its protecting relays, which monitor power voltage, to the Idaho National Lab’s elite pennetration-testing unit. The program is “especially [important] now with nation-states paying particular interest to the electric sector,” Schweitzer CEO David Whitehead told CyberScoop. Sean has the details.


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