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MicroStrategy’s Bitcoin Bet: Decoding Michael Saylor’s Latest Moves

MicroStrategy’s Bitcoin Bet: Decoding Michael Saylor’s Latest Moves


APPLE AND FACEBOOK GET TRICKED BY HACKERS

Both companies received fake requests from hackers posing as law enforcement.
 * Author:
   Luc Olinga
 * Publish date:
   Mar 31, 2022 11:33 AM EDT



Failing to attack the platforms and products of the tech giants, hackers have
found a less elaborate way to deceive them. And the trick is as old as the
world: pretending to be someone else. 

Apple  (AAPL) - Get Apple Inc. Report and Meta Platforms  (FB) - Get Meta
Platforms Inc. Class A Report, formerly Facebook, have just learned a hard
lesson. 



The story is so odd because the theft seems simple while the
computers-and-iPhones and social-media companies have invested billions of
dollars in security to counter cyberattacks and ensure that customer data does
not fall into the hands of criminals or blackmailers. 



One of Apple's marketing arguments for many years has been the ultrasecurity of
its iOS operating system. Regular updates enable the company to quickly close
any system vulnerability.

But the story is deadly serious because it's about stealing data from Apple and
Facebook users.


WHAT DID THE HACKERS DO?

Hackers posing as law enforcement have requested information about users of both
companies, according to Bloomberg. Apple and Meta provided the requested data.




Apple and Meta provided basic subscriber details, such as a customer’s address,
phone number and IP address, in mid-2021 in response to the forged “emergency
data requests.” 




Normally, such requests are provided only with a search warrant or subpoena
signed by a judge, Bloomberg said, citing people familiar with the matter. But
emergency requests don’t require a court order.

The information the hackers obtained using the forged legal requests has been
used to enable harassment campaigns, per the report. It may be used primarily to
facilitate financial fraud schemes. The hackers can use a victim's information
to attempt to bypass account security.

Apple and Meta have neither confirmed nor denied the Bloomberg report.

"We review every data request for legal sufficiency and use advanced systems and
processes to validate law enforcement requests and detect abuse," Meta
spokesperson Andy Stone told TheStreet in an email statement. 

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"We block known compromised accounts from making requests and work with law
enforcement to respond to incidents involving suspected fraudulent requests, as
we have done in this case."




Meta, however, does not say whether the group blocked the request when it was
made or after information was shared with the hackers.


A TRICK PLAYED BY MINORS

Apple for its part referred TheStreet to its Law Enforcement Guidelines. 

"If a government or law enforcement agency seeks customer data in response to an
Emergency Government & Law Enforcement Information Request, a supervisor for the
government or law enforcement agent who submitted the Emergency Government & Law
Enforcement Information Request may be contacted and asked to confirm to Apple
that the emergency request was legitimate," the 18-page document says.




"The government or law enforcement agent who submits the Emergency Government &
Law Enforcement Information Request should provide the supervisor's contact
information in the request."

But the group led by Chief Executive Tim Cook does not say whether Apple carried
out these checks when the hackers asked for the data.

Snap  (SNAP) - Get Snap, Inc. Class A Report has received similar requests from
bogus law enforcement, but it's unclear whether the social network has responded
favorably. Snap did not immediately respond to a request for comment from
TheStreet.




The trick played on Apple and Meta is part of a long campaign targeting
technology groups since 2021.

Some of the hackers could be U.K. and U.S. teenagers hiding behind the
cybercrime group Lapsus$. Microsoft  (MSFT) - Get Microsoft Corporation
Report confirmed last week that it had become the latest victim of the data
extortion group Lapsus$, which claimed it had obtained source code for the Bing
search engine and Cortana voice assistant.

Lapsus$ posted a partial file that the group said contained partial source code
for Bing and Cortana. The group claimed on its Telegram channel that it had
breached Microsoft and Okta  (OKTA) - Get Okta, Inc. Class A Report and employee
accounts of LG Electronics.




The mastermind of the group, which also hacked chipmakers Nvidia  (NVDA) - Get
NVIDIA Corporation Report and Samsung,  (SSNLF)  is allegedly a 16-year-old boy
living with his parents near Oxford, England, British authorities said last
week.

Lapsus$, Microsoft said in a post, “is known for using a pure extortion and
destruction model without deploying ransomware payloads.”


Tags
terms:
CybersecurityTechnologyInvestingStocksApple
By
Luc Olinga

 * 
 * 
 * 



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