After a Democratic National Committee email leak, security experts are warning against a possible voting machine hack come November. Also in GRC news, the New York branch of one of Taiwan’s largest banks has been fined $180 million after violating compliance regulations, and a data leak by hacker group called “Shadow Brokers” has revealed a possible NSA breach.
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Electronic vote manipulation a possibility in November
In a society where almost every bit of information is recorded electronically, the potential for cybersecurity threats is high: After Russian hackers leaked Democratic National Committee emails, security experts told NPR that voting machines could be the next target for hackers. Zeynep Tufekci, an associate professor at the University of North Carolina’s School of Information and Library Science, told NPR that states that rely on electronic voting systems without paper back-up ballots are at risk for potential security breaches and vote manipulation.
In early August, POLITICO interviewed Andrew Appel, professor of computer science at Princeton University, who revealed how easily some voting machines can be hacked and have their results altered.
Mega Financial Holdings fined $180 million for compliance violations
One of Taiwan’s largest banks had its New York branch fined $180 million by the state’s financial regulator for compliance violations, Reuters reported. Mega Financial Holdings violated anti-money laundering laws due to its disregard for “risks of exposure” in Panama, an area popular for money laundering, the New York State Department of Financial Services said in a statement.
Mega Financial is one of many companies whose records is now being looked at under a microscope following the “Panama Papers” leak of more than two and a half terabytes of data taken from Panamanian law firm Mossack Fonseca. Most notably, former UK Prime Minister David Cameron found himself involved in the data leak when it was revealed that he profited from his father’s Panama-based, UK-tax avoiding trust.
“Shadow Brokers” leak possibly revealed classified NSA code
The New York Times reported that a group of hackers calling themselves the “Shadow Brokers” have released classified computer code that has been used by the National Security Agency (NSA) for espionage purposes.
Experts told the New York Times that the code was designed to give the NSA access to the computer systems of foreign countries. Some of the same code was detailed by NSA whistleblower Edward Snowden in 2013. According to Forbes, the information leaked by the Shadow Brokers also reveals how the NSA was able to bypass the encryption of PIX, a Cisco program that offered firewall and VPN technology, to spy on the product’s users.