Advertisements

WhatsApp Users Beware: This Stupidly Simple New Hack Puts You At Risk—Here’s What You Do

 

1

Whether or not Jeff Bezos was hacked over WhatsApp, and whether or not the culprit was Saudi Crown Prince Mohammed bin Salman, the Facebook-owned messaging platform has been compromised by security issues this year. And now there is another WhatsApp attack doing the rounds. But this one has nothing to do with nation state cyberattacks or the platform’s integrity, and everything to do with our susceptibility to social engineering and our complacency when it comes to securing our devices.

This new social-engineering hack is stupidly simple to execute and just as easy to prevent. There’s a basic security setting in WhatsApp that you have likely not set up, but which you should—it takes less than a minute. As soon as you finish reading this article, please check your app’s settings and make the fix if required.

When it comes to the hacking of WhatsApp or other messaging platforms, it is important to separate out the various types of risks. Last year we saw nation-state attacks infecting targeted users with spyware, we saw the a potential risk from crafted media files sent over the platform, and we saw a backdoor where bad actors could lock targeted individuals out of the messaging app.

All of these issues were fixed by WhatsApp—software patches plugged security gaps and ensured users were kept safe. The latest issue, though, was fixed before it even hit. But that fix requires users to take action, which means it’s almost certain that many if not most of you have not yet done so.

This weekend, a friend in a group chat warned the rest of us not to open a message from her—she had been hacked, she said, and we should not “give away any six-digit numbers.” Attackers, it seems, had gained access to her WhatsApp account and captured the phone numbers of members of the group. They were then able to send WhatsApps to the other group members, telling them they were about to receive an SMS message and could they please send it back to her. Social engineering at its best. Who would question the simple request of a trusted friend?

Behind the scenes, though, the SMS message was a WhatsApp verification code for the account of the person receiving the text. And in sending it back to the “friend,” they were sending it to the attackers. With a fresh WhatsApp install, those attackers could then complete an account take over and progress their scam another turn. This is much simpler than porting the SIM to a new device. The effect, though, is the same. This same scam prompted a raft of police warnings in Singapore last summer.

With the account taken over, the attackers could then message the rest of the group as if from the account holder, as well as any other contacts whose WhatsApp messages were received after the take over. No legacy data is compromised. The target device remains untouched. WhatsApp has simply been ghosted onto an illegitimate device.

https://i1.wp.com/www.reliancedigital.in/medias/Samsung-Galaxy-A50-i-10.jpg?resize=740%2C237&ssl=1

This can easily be prevented. In WhatsApp you can set up a PIN of your own choosing, and even an email address to use if you forget that PIN. This is separate to the six-digit code that WhatsApp will send by SMS to verify a new install. It’s easy to see the verification code as the two-factor authentication. That can be defeated, as recent headlines on SMS security have shown. Another security layer with your own password is materially harder to beat. So even if you send the code to the attackers, they would still not have your own PIN. Clearly, you should not send the SMS code, but it makes absolute sense to set up this additional security layer anyway.

WhatsApp’s “Two-Step Verification” process can be found under the Settings-Account from within the app. it takes less than a minute to set up.

The direct risk is not to you if you’re attacked, but to your contacts. They can expect to receive requests for data or even emergency funds. Again, social engineering at its best. An end-to-end encrypted platform, a message from a trusted friend. We are coded to have our guards down in these circumstances.

If you have been the victim of this scam, you can clearly reactivate your device with a new SMS and transfer everything back. The attackers are banking on it taking time for you to realise what’s happened and they may even send you additional SMS codes to confuse you as you look to repair the situation.

It is surprising how many people have not yet enabled the PIN in WhatsApp—almost everyone I have asked has yet to set it up. If you’re the same, then please take that minute and set it up now. I know you won’t send that verification SMS to a “friend” if asked, but do it just in case.

Follow me on Twitter or LinkedIn.

I am the Founder/CEO of Digital Barriers—developing advanced surveillance solutions for defence, national security and counter-terrorism. I write about the intersection of geopolitics and cybersecurity, as well as breaking security and surveillance stories. Contact me at zakd@me.com.

Source: WhatsApp Users Beware: This Stupidly Simple New Hack Puts You At Risk—Here’s What You Do

Amazon BasicsTop-rated carrier cell phoneshttps://i1.wp.com/onlinemarketingscoops.com/wp-content/uploads/2020/01/d-sangeetha-1.jpg?resize=740%2C282&ssl=1https://i0.wp.com/onlinemarketingscoops.com/wp-content/uploads/2020/01/295-A-Series-KV-Banner-36x24inch-e1551339667384-1.jpg?resize=740%2C438&ssl=1

Advertisements

How WhatsApp Can Add Another $10 Billion To Facebook’s Revenue Almost Overnight

A crowd of people

Facebook earned over $60 billion last year. But it could add another $10 billion almost overnight. One of the vastly under-reported story over the last 12 months is the almost unprecedented growth of WhatsApp. I’m not sure we’ve ever seen anything like it in the history of mobile. We’ve seen apps like Pokémon Go blast off from zero to a half a billion installs in mere months. We’ve seen social entertainment platforms like TikTok acquire 614 million new users incredibly quickly.

But have we ever seen already-mature billion-user-plus social platforms gain 760 million new users in a single year? Shockingly, that’s exactly what WhatsApp did in 2019.

I don’t think we’ve seen that before. That makes WhatsApp Facebook’s fastest-growth platform.

And, its greatest opportunity.

Because WhatsApp is almost completely unmonetized right now, according to mobile expert Eric Seufert, who runs MobileDevMemo.

WhatsApp is an incredibly important virgin field for Facebook. It can start selling inventory directly or integrate audience network there and very nearly instantly will into existence billions of dollars worth of revenue per quarter.

Eric Seufert

Facebook’s average revenue per user was over $7 in the company’s most recent financials. While it’s lower in Asia Pacific, where WhatsApp is strongest, an analysis from 2017 suggests that WhatsApp could add between $5 and $10 billion to Facebook revenue.

It’s also before we’ve seen the potential for what WhatsApp might really become: something approaching what WeChat is in China, an uber-app that manages massive portions of people’s commerce as well as communications.

Much of the growth has been fueled by India, and that’s where we see the greatest impact.

WhatsApp is the WeChat of India.

Subhodip Dutta

The Indian “monopoly” factor has driven a lot of WhatsApp’s growth, says entrepreneur Subhodip Dutta. It’s the “epicenter” of marketing, spam, political campaigns, he added … in addition to being the primary place people use to communicate.

WhatsApp is big in India, for sure. But not just in India. My friends in the Caribbean use it significantly. Colleagues on the east coast of the United States have started asking to WhatsApp instead of messaging with Messenger. And it’s big in Africa, with tens of millions of downloads recently in Egypt, Nigeria, South Africa, and other countries on the continent, according to Apptopia.

Why?

“No ads, [and] minimal bandwidth hit makes it popular with professional connections in Africa,” says Jerome Lengkeek, president of Urban Matters and former president of Fourth Watch African Investments. “On the same note, the quality of calls is much better with weak internet connections than Skype.”

So why has Facebook left WhatsApp almost entirely unmonetized, beside some minor efforts to connect businesses and consumers on the platform?

One theory: Facebook is waiting for a rainy day.

When, inevitably, growth stalls in North America and Europe.

“Facebook seems to be waiting strategically to monetize WhatsApp: possibly because it wants to use WhatsApp revenue to buoy its stock price when the Big Blue App and Instagram revenue growth stalls in high-ARPU (average revenue per user) markets again,” says Seufert.

Another theory is that the value is already baked into Facebook’s stock price, and it’s more valuable as a possibility than a reality, Seufert adds.

Which, of course, gives Facebook more time and less pressure to figure out ways of harvesting golden eggs from WhatsApp without killing the goose. The company just backed off plans to fit ads into WhatsApp, according to recent reports from the Wall Street Journal and The Verge, and that might be a good idea.

One commonality in answers to my queries on WhatsApp?

People really like the lack of ads.

“My mother has old relatives in Pakistan and they all chat together on WhatsApp,” says entrepreneur Miguel Ali. “Before it, other apps did the same, but you were either bombarded with horrific amounts of ads (that slowed down your device) or you had to continually buy ‘credits’ which made it undesirable.”

Which means that Facebook’s plan to not stuff the app with ads is probably good. And that Facebook will redouble its efforts to integrate payments and commerce into communication in WhatsApp.

That might be challenging in India:

India hasn’t yet allowed the most innovative wallet function of WhatsApp there, yet.

Rajesh Johnny

India has a strong technology industry of its own, and isn’t looking to be digitally colonized by American tech giants, as Amazon’s Jeff Bezos learned this past week. And there are local competitors like PhonePe, who are aggressive and well-funded.

Over time, however, you have to think that Facebook will figure out how to turn over a billion users into cash.

It is, after all, what the company is best at.

Follow me on Twitter or LinkedIn. Check out my website or some of my other work here.

I forecast and analyze trends affecting the mobile ecosystem. I’ve been a journalist, analyst, and corporate executive, and have chronicled the rise of the mobile economy. I built the VB Insight research team at VentureBeat and managed teams creating software for partners like Intel and Disney. In addition, I’ve led technical teams, built social sites and mobile apps, and consulted on mobile, social, and IoT. In 2014, I was named to Folio’s top 100 of the media industry’s “most innovative entrepreneurs and market shaker-uppers.” I live in Vancouver, Canada with my family, where I coach baseball and hockey, though not at the same time.

Source: How WhatsApp Can Add Another $10 Billion To Facebook’s Revenue Almost Overnight

Image result for amazon GIF advertisements gift card Image result for amazon GIF advertisements gift card

Facebook Is Committed To WhatsApp Encryption, But Could Bypass It Too – Parmy Olson

1.jpg

In the last four years since Facebook bought WhatsApp for $22 billion, the app has remained ad free. But that’ll change in 2019, when WhatsApp starts showing targeted ads in its Status feature, and eventually rolls out marketing messages from business clients too. This was the primary reason WhatsApp co-founder Brian Acton left WhatsApp in September 2017, according to his interview with Forbes published Wednesday, along with concerns about the way Facebook “probed” at the app’s end-to-end encryption……

Read more: https://www.forbes.com/sites/parmyolson/2018/09/27/facebook-is-committed-to-whatsapp-encryption-but-could-bypass-it-too/#189ed9c93efe

 

 

Your kindly Donations would be so effective in order to fulfill our future research and endeavors – Thank you

 

WhatsApp Cofounder Brian Acton Gives The Inside Story On #DeleteFacebook & Why He Left $850 Million Behind -Parmy Olson

1.jpg

WhatsApp cofounder Brian Acton, 46, sits in a cafe of the glitzy Four Seasons Hotel in Palo Alto, California, and the only way you’d guess he might be worth $3.6 billion is the $20 tip he briskly leaves for his coffee. Sturdily built and wearing a baseball cap and T-shirt from a WhatsApp corporate event, he’s determined to avoid the trappings of wealth and runs his own errands, including dropping off his minivan for maintenance earlier that day. An SMS has just come in from his local Honda dealer saying “payment received.” He points to it on his phone……

Read more: https://www.forbes.com/sites/parmyolson/2018/09/26/exclusive-whatsapp-cofounder-brian-acton-gives-the-inside-story-on-deletefacebook-and-why-he-left-850-million-behind/

 

 

Your kindly Donations would be so effective in order to fulfill our future research and endeavors – Thank you

 

Wish, Netflix, Uber and ~100 others testing WhatsApp’s new Business API — TechCrunch

Earlier this month, WhatsApp announced the launch of its first revenue-generating enterprise product, the WhatsApp Business API. The API allows businesses to respond to messages from WhatsApp users for free up to 24 hours, then charges for any responses after that point on a per message basis. Though still in a limited preview, the company…

via Wish, Netflix, Uber and ~100 others testing WhatsApp’s new Business API — TechCrunch

 

Your kindly Donations would be so effective in order to fulfill our future research and endeavors – Thank you
https://www.paypal.me/ahamidian

WhatsApp officially launches its app for Businesses in select Markets | Mastering Facebook, Google+, Twitter

WhatsApp today officially launched its new WhatsApp Business app in select markets, including Indonesia, Italy, Mexico, the U.K. and the U.S., ahead of its..

Source: WhatsApp officially launches its app for Businesses in select Markets | Mastering Facebook, Google+, Twitter

%d bloggers like this:
Skip to toolbar