NST Online Business Times : latest
NST Online Business Times : latest |
| Cyber attack affects Malaysia too Posted: 28 Apr 2013 07:07 PM PDT SAN FRANCISCO: LivingSocial, the second-largest daily deal company behind Groupon Inc, said on Friday it was hit by a cyber attack that may have affected more than 50 million customers. The company said the attack on its computer systems resulted in unauthorised access to customer data, including names, email addresses, date of birth for some users and "encrypted" passwords. LivingSocial stressed customer credit card and merchants' financial and banking information were not affected or accessed. It also does not store passwords in plain text. "We are actively working with law enforcement to investigate this issue," the company, part-owned by Amazon.com Inc, wrote in an email to employees.
However, spokesman Andrew Weinstein said "a substantial portion" of the company's customer base was affected. LivingSocial is also contacting customers who closed accounts, because it still has their information stored in databases, he added. The attack hit customers in the US, Canada, the UK, Ireland, Australia, New Zealand, Malaysia, Southern Europe and Latin America. Customers in South Korea, Indonesia, Philippines and Thailand were not affected, Weinstein said. "In light of recent successful widespread attacks against major social networking sites, it's obvious that these providers are simply not doing enough to protect their customers' information," said George Tubin, senior security strategist at Trusteer, a computer security company. The attack comes as LivingSocial struggles to handle a decline in consumer and merchant demand for daily deals. The company raised US$110 million from investors, including Amazon earlier this year, but was forced to make large concessions to get the new money. Amazon invested US$56 million in LivingSocial in the first quarter, according to a regulatory filing on Friday, which also revealed the company had a first-quarter operating loss of US$44 million on revenue of $135 million. LivingSocial said on Friday it was beginning to contact more than 50 million customers whose data may have been affected by the cyber attack. LivingSocial told customers in an email that they should log on to LivingSocial.com to create a new password for their accounts. "We also encourage you, for your own personal data security, to consider changing password(s) on any other sites on which you use the same or similar password(s)," LivingSocial chief executive Tim O'Shaughnessy wrote in the email. "We are sorry this incident occurred."-- Reuters |
| Posted: 28 Apr 2013 07:11 PM PDT The ringgit opened sharply higher against the US dollar, in early trading Monday, prompted by encouraging buying interest, a dealer said. At 9am, the ringgit was quoted at 3.0274/0335 versus the greenback against Friday's close of 3.0340/0370. The dealer said investors' interest were spurred by market talk on monetary easing in Japan and Europe which was expected to boost demand for emerging-market assets. "Investors also shifted away from the US dollar after the giant economy posted a weaker-than-expected first-quarter Gross Domestic Product growth of 2.5 per cent on Friday, below expectations of three per cent," the dealer added.
The local note strengthened against the Singapore dollar to 2.4490/4540 from 2.4559/4597 on Friday and rose against the euro to 3.9503/9583 from 3.9715/9763 previously. It depreciated against the Japanese yen to 3.1000/1000 from Friday's 3.0591/0624 and declined against the British pound to 4.6913/7008 from 4.6602/6657 previously.-- Bernama |
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