Day: September 1, 2014

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Hackers Can Make $250,000 Selling iOS Exploits To The Government | Cult of Mac

iOS hackers are some of the most sought after individuals in the security research community. Geniuses like Comex who come up with jailbreaks used by millions of iPhone and iPad users are offered incredible sums of money to sell their exploits to powerful and high profile clients.

Sure, you could win a decent amount of cash at a security conference for showing off the exploits you’ve uncovered, but why not make $250,000 and secretly sell your stuff to say, an entity like the U.S. government?

That’s exactly what a security researcher/middle man by the pseudonym of “Grugq” did for an unnamed iOS hacker. Located in Bangkok, Grugq made 15% commission off negotiating a $250,000 deal with a contact in the U.S. government. Grugq facilitated the transaction of the exploit information from the hacker in exchange for the 6-figure payout from the client.

via Hackers Can Make $250,000 Selling iOS Exploits To The Government | Cult of Mac.

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JP Morgan’s security breach points to broader issues in cyber security | VentureBeat | Business | by Ruth Reader

Recent revelations surrounding hacker attacks infiltrating JPMorgan Chase & Co. leave questions about why we’re seeing an increasing number of successful attacks on major institutions. It turns out that protecting an institution full of personally identifiable information is more complex than just having a good cybersecurity team.

Hackers were able to unleash malicious software onto Chase’s internal system through a security gap in one of the bank’s consumer-facing websites. The offending group was well researched and equipped with custom malware specifically targeted at Chase. Right now the extent of the damage is unknown as investigators continue to explore the breach.

via JP Morgan’s security breach points to broader issues in cyber security | VentureBeat | Business | by Ruth Reader.