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TeamRed Security News Roundup – August 17, 2018

TeamRed Security News Roundup – August 17, 2018

Welcome to the first TeamRed News Roundup, where we’ll be exploring some of the top cybersecurity stories that are making the rounds.

Instagram Gets Hacked

Russian hackers have once again made headlines due to a reported attack on Instagram.

The estimated number of affected users could reach the hundreds of thousands. Some are reporting that their profile pictures are being changed too.

Instagram’s official response can be found here. To stay on the safe side, they suggest that you create a new and secure password.

Source: The Hacker News

McAfee’s crypto-wallet isn’t ‘unhackable’

Bitfi, a crypto wallet from John McAfee, may not be as hack-proof as they claim.

According to CNET, members of a security firm called Pen Test Partners were able to take money out of the wallet.

Bitfi has fought back and said that they still haven’t found definitive proof that a successful hack has taken place, and no one has claimed the US$250,000 bounty.

Source: CNET

FBI Warns Against ATM Hacking Scheme

Earlier this week, the FBI warned against a possible wide-scale operation that targets ATMs.

Known as ‘ATM cash-out’ or ‘unlimited operation’ attacks, they are likely going to happen during the weekend. Some smaller banks have fallen victim in the past, losing upward of a million dollars in cash.

Source: Yahoo! Finance

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