Dear Inside Community, Meet Our Fund 3 goes live this week, Tuesday, May 24, and Wednesday, May 25. If you don’t already know, this is our most popular event series, where VCs pitch their funds directly to startup founders. Just look at this week’s guest list. Registration is free, and if you’re a founder who might be raising soon, we know you’ll want to make MOF3 a priority. See you there! —The Inside Team |
| |
 Scammers are using a deepfake video of Elon Musk to trick users into signing up for a fake platform. The scammers are promoting 30% returns on deposits. More: - The deepfake video claims that Musk owns a BitVex trading platform. Besides Musk, the scammers are using the figures of Cathie Wood, Brad Garlinghouse, Michael Saylor, and Charles Hoskinson as fake supporters of the platform.
- These videos draw from real interviews that Elon Musk has had and use voiceovers to make it look as if Musk is supportive of the platform. The videos are in English and Arabic and are predominantly uploaded on YouTube and various illegal websites that host movies and music.
- To use the BitVex platform, users must register an account at bitvex(.)org or bitvex(.)net to access the investment platform. Once a user logs in, the site will display a dashboard where you can deposit various cryptocurrencies, select an investment plan, or withdraw your earnings.
- The fake withdrawals are created through JavaScript, randomly selecting one of five different cryptocurrencies (Cardano, Ethereum, Bitcoin, Ripple, or Binance Coin) and randomly generating withdrawal amounts, changing every time the page is refreshed. The scam has managed to steal around $1,700 so far.
Zoom Out: - Crypto scams are becoming more common recently. In Jan. 2021, a fake Elon Musk crypto giveaway scam managed to steal $580,000 in one week.
- An Ark Invest-themed scam promoted on YouTube stole $1.3M by re-streaming an edited version of a previously held panel discussion on cryptocurrency with Elon Musk, Jack Dorsey, and Cathie Wood.
- The FTC released a report stating that $80M has been stolen by cryptocurrency investment scammers since Oct. 2020.
| |
 Lincoln College officially ended its operations after 157 years due to a cyberattack. The Illinois college had its fundraising campaign hacked. More: - Founded in 1865, the college survived the 1918 influenza pandemic, multiple recessions, and two world wars.
- Lincoln College had a record number of admissions in 2019, but after the pandemic, its admission numbers dropped, which led the college to make investments in its technology. In Dec. 2021, hackers believed to be located in Iran managed to penetrate the school's fundraising campaign data, halting its entire access to funds for three months.
- According to Lincoln's president, David Gerlach, the school paid $100,000 in ransom, but after getting its data back, low admission numbers meant they had to close all operations after 157 years.
- Lincoln College was a predominantly Black college and qualified for federal recognition as a PBI.
| |
 A message from TIRIOS Real Estate Investing for Web3.0 is here. Tirios has built a one-click checkout for Single-Family Rental Investing. - Investors can analyze property details with photos, tenant information, comps, and proforma, all within the Tirios platform.
- Tirios Tokenization Platform is built on Blockchain to reduce the dependency on intermediaries and offer increased transparency & greater liquidity.
- SFR is the Largest Real Estate Segment with a Market Size of over $5 Trillion and is one of the best-performing asset classes during high inflation and the period of interest rate hikes.
Inside Subscribers can skip the waitlist and start investing today with $1,000. Skip the Waitlist
| |
 A bug in PayPal could allow threat actors to steal money from user accounts. The flaw has been found by a security researcher. More: - The researcher claims that hackers could use clickjacking as a method to lead users toward clicking buttons that can download malware on their devices.
- Clickjacking is a method used to trick users into clicking buttons that seem normal but are actually created by the hacker, usually as an HTML file, with the purpose of re-directing their information to the hacker's own page.
- The "Billing Agreements" section in PayPal should accept only billingAgreementToken, but during testing, it was found that another token type can be passed, which leads to stealing money from a victim's PayPal account.
- This attack could have consequences on other websites that integrate with PayPal for checkouts, enabling the malicious actor to withdraw large amounts of money from users' PayPal accounts.
| |
 A ransomware attack exposed the data of 500,000 Chicago students and staff. The data was compromised on Dec. 1, 2021. More: - The ransomware attack was launched against Battelle for Kids, a not-for-profit technology organization that handles course information and assessment data for teacher evaluations.
- This breach exposed the personal information of children and teachers that were attending public schools in Chicago between 2015 and 2019. The exposed data includes full names, dates of birth, genders, grade levels, schools, Chicago Public Schools student ID numbers, State Student ID numbers, and the course information of 495,000 students and 56,000 staff.
- Data such as home addresses and Social Security numbers were not breached, according to authorities.
- The FBI and DHS are investigating the case, but the hackers responsible for the breach have not been found yet.
Zoom Out: - The education sector in the U.S. has had numerous data breaches in recent months. In March, a widely used online grading and attendance system was hacked, causing possibly the largest breach of students’ personal data in American history.
- Lincoln College recently closed after 157 years, after being hacked and forced to pay a ransom.
| |
 A message from ADOBE COMMERCE Strong in digital commerce and a Leader in the Magic Quadrant. In the 2021 Gartner® Magic Quadrant™ for Digital Commerce, Adobe was named a Leader among 17 vendors. Gartner® evaluates digital commerce vendors on their “completeness of vision” and “ability to execute.” Find out why Adobe was named a Leader for Digital Commerce among 17 vendors in the Q3 2021 Gartner Magic Quadrant report. Strengths - Global reach: Adobe has the most diverse geographic presence of all the vendors evaluated in this Magic Quadrant. It also has the largest number of service partners spread across all major markets, making it easier for organizations to find partners in their local markets.
- Out-of-the-box functionality: Adobe has comprehensive OOTB functionality that can fulfill requirements from basic to medium levels of complexity. It supports multiple user roles, multistores, catalog management, marketplace integration, promotions and discounts, language, and currencies, all with good granular control. It has a native CMS (Page Builder) and a Progressive Web Apps (PWA) studio with reference storefront.
- Admin UI: Adobe has a modern and intuitive UI that can be configured based on user role. It supports multiple import mechanisms for product data, and can integrate with multiple sources and analytics tools, making it easy for admins to focus on outcomes.
Claim your free report
| |
 Chinese hackers breached Russian and Belarusian defense institutions. The hackers used the breach to spy on the daily activity of the organizations. More: - The research institutions work in developing highly technological defense solutions, while the method used to breach the victims was spear-phishing emails that contained malware, spread through files that misled the users to think they were opening classified information.
- This institution belongs to a holding company within the Russian state-owned defense conglomerate Rostec Corporation, Russia’s largest holding company in the radio-electronics industry and military-technology development.
- The hacking campaign was attributed to a Chinese threat actor with connections to Stone Panda (also known as APT10), a nation-state-backed actor, and Mustang Panda, a China-based cyber espionage threat actor. This operation is thought to have started in June 2021 and may be ongoing.
- These hacker groups used new tools that have not previously been described. They include a sophisticated multi-layered loader and a backdoor dubbed SPINNER. These tools are in development since at least March 2021 and use techniques such as multi-layer in-memory loaders and compiler-level obfuscations.
| |
Quick Hits: - Bubbles, with users from around the world, encourages teams to decline meetings-that-should-have-been-emails.*
- MazeBolt Technologies has completed a $10M round of existing shareholder equity financing.
- Conti ransomware has reportedly shut down operations and has rebranded into smaller units.
- Russian hackers were caught in a cyber reconnaissance operation against Austria and Estonia.
- Cisco rolled out fixes for a medium-severity vulnerability affecting iOS XR software.
- A Linux botnet malware known as XorDdos has had a 254% surge in usage during the last six months, according to research from Microsoft.
- If your site is struggling, it may be time for a more powerful commerce platform. Read our eBook and find out if your business is ready.*
*This is a sponsored post.
| |
Upcoming events at Inside: - May 24 - Meet Our Fund 3 (Register Here)
- May 31 - Ethereum Merge with Anthony Donofrio (Ethereum) (Register Here)
- June 01 - Selling Consumer Goods in Web3 (Register Here)
- June 06, June 07, June 08 - June 09 - In-Person RSA Conference 2022: Control IT, security, and SaaS complexity with Axonius (Register Here) *
- June 09 - Empowering Content Creators with No Code (Register Here)
- June 15 - Need To Know NoCoder - Artem Harutyunyan (bardeen.ai) (Register Here)
- June 16 - Future of the Art Market (Register Here)
- June 30 - HR Strategies to Retain Remote Employees (Register Here)
*This is a sponsored listing.
| |
 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
| |
| |
Comments
Post a Comment