Cybercrime / Privacy

Webcams involved in DDoS attack recalled; Chinese maker threatens legal action for ‘totally untrue’ accusations

It’s easy to blame dumb consumers using bad passwords when a large-scale Internet attack occurs, and that’s what happened on Friday when sites like Reddit and Twitter became unavailable during an Internet of Things-driven denial of service attack. But a developing melodrama has U.S. security firms saying passwords were hard-coded into the gadgets [Keep reading]

Cybercrime / Privacy

‘Smart’ gadgets turned against us; Internet firm suffering third wave of attack as major sites remain unreliable

An army of infected gadgets — like nanny cameras — overwhelmed a critical Internet service provider on Friday, knocking many large Internet companies offline.  The firm at the middle of the attack, New Hampshire-based Dyn, said late Friday that it is enduring a third wave of digital onslaught. It’s not clear [Keep reading]

The Red Tape Chronicles

Fighting fine print with fine print: If Thrifty can charge me a $20 no-gas-receipt fee, why can’t I charge Thrifty a $20 no-receipt fee?

I’m constantly amazed at the unfair contracts consumers are forced to sign during simple transactions with large corporations. Lawyers load up standard-form contracts with one-sided, take-it-or-leave-it terms, often called “contracts of adhesion.” I’m in a crowd that believes one-sided contracts where there’s unequal bargaining power aren’t contracts at all, and [Keep reading]

Gotchas / Consumer

CFPB: Navy federal Credit Union threatened soldiers with debts, cut off access to ATMs, veterans’benefits

Navy Federal Credit Union threatened to contact soliders’ commanding officers and cut off access to ATMs as part of a pattern of illegal debt collection practices, federal regulators said Tuesday.  The credit union, which is the nation’s largest, grants membership only to current and former U.S. military servicemembers, civilians working [Keep reading]