News Bytes – October

LokiBot Danger
LokiBot is an open-source instrument for installing malware, stealing passwords, and cryptocurrency wallets, easily available on the darker corners of the Internet. The Department of Homeland Security has issued an alert stating that the use of this particular malicious software is on the rise the software establishes itself on victims’ computers via email attachments, software weaknesses, or Trojans installed on free apps. One of the worrying things about LokiBot is that it’s quite simple to use and generates most of its own code, so malicious actors do not have to have high levels of computer expertise in order to profit from it. Once LokiBot has made its way onto your computer, it has the capability of stealing data from over a hundred applications; it can record passwords in real time using a keylogger, steal passwords saved within browsers, access cryptocurrency wallets and more.
Although LokiBot’s capabilities are highly concerning, fortunately it is relatively easy to protect against; as with numerous malicious entities, you should guard against unknown email attachments, pirated software, “too good to be true” Internet offers, and installing Microsoft Office macros unless you are certain of what you are doing.

Facebook Quitting Europe?
Facebook has issued a warning that it may no longer be able to work within European markets if the EU doesn’t drop plans to limit the data that can be shared between the EU and the USA. Up to 2020, the Privacy Shield agreement meant that US technology entities could easily shift data between the USA and Europe. However, this year the highest court in the EU called time on the agreement due to concerns that US law offers insufficient protection against the US government being able to access user information. Following this decision, privacy regulators in Ireland have instructed Facebook that it can no longer send European user data to US data centers (Ireland has taken the lead as Facebook has its European headquarters in Dublin). Facebook has claimed that obeying this directive would make it impossible for the company to continue providing its services to the 410 million Facebook and/or Instagram users in Europe, and is fighting the ban through the Irish courts, claiming insufficient notice was given of the decision and that the original investigation into Facebook by Irish officials denied the company due process.