Only 50 or so profiles out of 7,000 Binance employees on LinkedIn are real, says CZ
According to a Sunday Twitter post by Binance CEO Changpeng Zhao, also known as CZ, only about 50 out of 7,000 users claiming to be employees of the world’s largest cryptocurrency exchange on Linkedin are real. The crypto executive lamented the lack of a real-ID authentication system on Linkedin, saying: “I wished LinkedIn had a feature to let the company verify people. So, many “hey, I am responsible for listing” scammers on LinkedIn. Be careful.” The LinkedIn crypto scam typically begins as an unsolicited request from an apparent crypto exchange executive to project stakeholders regarding a potential token listing. Profiles are cleverly crafted to show years of experience in the industry, along with, multiple connections, sometimes up to 500-plus, to derive ...
LinkedIn: Are There Cyber-Risks Lurking Beneath the Surface?
In February 2021, the data from 500 million LinkedIn users was leaked by hackers, in June 2021, more than 700 million LinkedIn users had their data leaked and put up for sale. In June 2022, the FBI said that the fraud on LinkedIn posed a significant threat to the platform and its users. The site has become one of the riskiest social media platforms to date, according to South Africa-based cybersecurity firm Nclose. It allows for users to reveal deeply personal and relevant business information without authorisation; it allows for fraudsters to impersonate employees, and gain trust and access to information which can potentially put a company’s reputation on the line if an employee posts libellous or unpleasant content. “By now, most people recognise that social media isn’t the place to put...
6 Common Cybersecurity Mistakes Made by Startup Companies
Image sourced from Pixabay Some of the most successful companies today began their journey as startups. They usually start with a brilliant idea or a new technology that promises to solve a problem to rethink the way we do business. The African region is no stranger to startups, where reports suggest that African startups raised near $5 billion in total estimated funding from 740 deals last year, predominantly in tech startups. This is more than a 250% increase from the $1.3-billion estimated total funding raised in 2020. Startup owners often draw attention to issues of business planning, marketing strategy, and attracting additional investment, but do not address the need to build a solid cybersecurity system. The lack of a clear understanding of threats can cost a startup a potentially s...
Microsoft Giving $200-Million in “Pandemic Bonuses” to Employees
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Head of Service warns of fake Facebook, LinkedIn accounts
The Head of Service of the Federation, Dr Folasade Yemi-Esan, has warned the general public to be aware of Fake Facebook and LinkedIn Accounts opened in her name by fraudsters. The statement released by the media office titled “Fake Facebook and LinkedIn Accounts”, read thus: “The Office of the Head of the Civil Service of the Federation wishes to draw the attention of the public to fake Facebook and LinkedIn accounts setup using names similar to those of the Head of the Civil Service of the Federation, Dr. Folasade Yemi-Esan, alongside her photographs, and which are being promoted with the purpose of deceiving and defrauding unsuspecting individuals. “Unfortunately, despite frequent warnings and disclaimers and in some cases, the apprehending and parading of some of these devious elements...
Spotify launches Clubhouse competitor Greenroom
Spotify’s live audio app, Greenroom, formally launches today on iOS and Android, marking the company’s first real attempt at creating a social media platform. The social audio app, which is similar to Clubhouse, allows users to host live conversations about sports, music, and culture. Today’s launch doesn’t come with a marquee creator announcement or specific event planned, but instead, the company is taking the opportunity to encourage people to sign up and figure out how they’ll want to use the app. Some of its core functionality, a person close to the situation says, will eventually make its way to the actual Spotify app, so the team will monitor what happens in Greenroom closely. The app is built on Locker Room, which Betty Labs created and Spotify acquired in March. That app focused s...
Top 10 Most Imitated Companies in 2021 So Far
In a brand phishing attack, cybercriminals try to imitate the official website of a well-known brand by using a similar domain name or URL and web page design to the genuine site. The link to the fake website can be sent to target individuals by email or text message, a user can be redirected during web browsing, or it may be triggered by a fraudulent mobile application. The fake website often contains a form intended to steal users’ credentials, payment details or other personal information. Check Point’s new Brand Phishing Report reveals the most frequently imitated by criminals. Here are the Top 10 phishing brands in Q1 of 2021: /* custom css */ .tdi_3_657.td-a-rec-img{ text-align: left; }.tdi_3_657.td-a-rec-img img{ margin: 0 auto 0 0; } Microsoft (related to 39% of all brand...
LinkedIn is Testing ‘Social Audio Experience’ to Rival Clubhouse
Image sourced from Search Engine Journal LinkedIn is testing a ‘social audio experience’, according to TechCrunch. This feature would allow app users to “connect with their community” across its network. Different to Clubhouse or other rivals being built by Facebook and Twitter, LinkedIn believes its audio networking feature will connect with users’ professional identity, “not just a social profile”. “We’re seeing nearly 50% growth in conversations on LinkedIn reflected in stories, video shares, and posts on the platform,” says LinkedIn Spokesperson, Suzi Owens. “We’re doing some early tests to create a unique audio experience connected to your professional identity. And, we’re looking at how we can bring audio to other parts of LinkedIn such as events and groups, to give our members ...
LinkedIn Up After Mobile and Desktop Outage
Image sourced from Search Engine Journal LinkedIn users around the world have reported outages on mobile and desktop that saw API requests to take longer or fail unexpectedly across the platform. The career networking site says the outage mostly affected North America and Europe. “We are currently experiencing an issue across the platform that may cause some API requests to take longer or fail unexpectedly. We are investigating the issue and working on a resolution,” reads LinkedIn’s status page. “We know some members are experiencing an issue with accessing LinkedIn on mobile and desktop. We’re working on this as we speak and will provide updates as we have them” As of the time of publishing, LinkedIn has announced that everything is operating as normal. /* custom css */ .tdi_3_c6d.td-a-r...
Top 10 Most Imitated Brands for Phishing Attempts
In a brand phishing attack, cybercriminals try to imitate the official website of a well-known brand by using a similar domain name or URL and web-page design to the genuine site. The link to the fake website can be sent to targeted individuals by email or text message, a user can be redirected during web browsing, or it may be triggered from a fraudulent mobile application. The fake website often contains a form intended to steal users’ credentials, payment details or other personal information. According to Check Point Research, Microsoft was the brand most frequently targeted by cybercriminals. The most likely industry to be targeted by brand phishing was technology, followed by shipping and retail, showing how threat actors are using well-known brands in these sectors to tric...
Microsoft sees growth amid pandemic computing demands
Microsoft on Wednesday reported rising revenues in the past quarter amid strong demand for cloud computing services from pandemic-hit businesses and consumers and big gains in its Xbox gaming operations. Profits in the quarter ending June 30 fell 15 percent to $11.2 billion, the result of increased tax charges compared with a year ago. Revenue meanwhile rose 13 percent to $38 billion, led by strong gains in its cloud computing and its Xbox gaming services. Chief executive Satya Nadella said Microsoft was equipped to deal with the coronavirus pandemic with its “integrated, modern technology stack.” “We are seeing businesses accelerate the digitization of every part of their operations from manufacturing to sales to customer service,” Nadella told a conference call. Microsoft shares dipped s...
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