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September 28, 2018, 6:25 PM
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Guy Rosen / Facebook:
Facebook says that on September 25 it discovered a security issue affecting ~50M users that let hackers steal access tokens and take over user accounts  —  On the afternoon of Tuesday, September 25, our engineering team discovered a security issue affecting almost 50 million accounts.
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Facebook: Mark Zuckerberg.  Tweets: @chopraftc, @profcarroll, @donie, @kevinroose, @sarafischer, @chronotope, @daveleebbc, @daveleebbc, @ceciliakang, @anandwrites, @spacekatgal, @facebook, @mikeisaac, @dnvolz, @fxshaw, @jguynn, @jtemple, @nicoleperlroth, @c_davies, @anthonyquintano, @brooklynmarie, @profcarroll, @pinboard, @ridt, @zackwhittaker, @sarafischer, @privacyint, @ap, @stevesi, @zeynep, @shiraovide, @joshconstine, @kevinakwok, @joshconstine, @willoremus, @zittrain, @chris_ciaccia, @podehaye, @kimzetter, @sarahfrier, @mikeisaac, @kurtwagner8, @reneritchie, @willoremus, @cnet, @sarahfrier, @cnet, and @tonyromm
Wired:
How the security breach that made 50M Facebook accounts vulnerable to take over worked and what information may have been accessed  —  FACEBOOK'S PRIVACY PROBLEMS severely escalated Friday when the social network disclosed that an unprecedented security issue, discovered September 25, impacted almost 50 million user accounts.
Motherboard:
Facebook: vulnerability was the result of 3 distinct bugs and was introduced in July 2017, attackers could use the account as if they were the account holder  —  Facebook “discovered a security issue” that the company said allowed attackers to “take over people's accounts.”
Robert Ferris / CNBC:
Sources: Musk pulled out of a no-guilt SEC settlement at the last minute that barred him from being Tesla chairman for two years, required two new directors  —  - Elon Musk backed out of a deal with the Securities and Exchange Commission to settle allegations of fraud over his comments …
Bloomberg:
SEC sues Elon Musk, accusing him of misleading investors when he tweeted that he had funding lined up to take Tesla private; stock drops 11%+
Sara Salinas / CNBC:
SEC seeks to bar Elon Musk from serving as an officer or director of a publicly traded company if found guilty; Musk calls SEC action unjustified
Aisha Hassan / Quartz:
Spotify confirms test where it sent emails to some of its Premium for Family users asking them to prove their home address via GPS or lose access to the plan  —  Spotify recently sent an email to some of its “Premium for Family” account users in the US that asked them to confirm their home address through GPS data.
Dieter Bohn / The Verge:
Google starts rolling out Wear OS 2.1 with a Google Assistant feed, one-swipe access to Fit, and revamped notifications  —  A better foundation for future watches  —  Today, Google will begin rolling out a software update for Wear OS smartwatches.  I've been using this new version for about a week …
Adi Robertson / The Verge:
California Governor has signed a bill that would require “reasonable security” for all new IoT devices, making California the first state with an IoT law  —  California Governor Jerry Brown has signed a cybersecurity law covering “smart” devices, making California the first state with such a law.

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From Mediagazer

Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe and its subsidiary TuneCore for $500M+, alleging Believe built its business via “industrial-scale copyright infringement”

Alexandra Steigrad / New York Post:
iHeart says it is laying off employees; a source says the layoffs affect less than 5% of a workforce of more than 10,000 employees

CNN:
Reporters from news orgs were denied credentials to Trump's election night watch event; source: Politico's credentials were revoked following critical coverage

More News

Earlier Picks

Kashmir Hill / Gizmodo:
Study: Facebook lets ads target your account using info given for security purposes, like your phone number, as well as info from your friends' address books
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