Frame-14

Privacy Ninja

        • DATA PROTECTION

        • CYBERSECURITY

        • Secure your network against various threat points. VA starts at only S$1,000, while VAPT starts at S$4,000. With Price Beat Guarantee!

        • API Penetration Testing
        • Enhance your digital security posture with our approach that identifies and addresses vulnerabilities within your API framework, ensuring robust protection against cyber threats targeting your digital interfaces.

        • On-Prem & Cloud Network Penetration Testing
        • Boost your network’s resilience with our assessment that uncovers security gaps, so you can strengthen your defences against sophisticated cyber threats targeting your network

        • Web Penetration Testing
        • Fortify your web presence with our specialised web app penetration testing service, designed to uncover and address vulnerabilities, ensuring your website stands resilient against online threats

        • Mobile Penetration Testing
        • Strengthen your mobile ecosystem’s resilience with our in-depth penetration testing service. From applications to underlying systems, we meticulously probe for vulnerabilities

        • Cyber Hygiene Training
        • Empower your team with essential cybersecurity knowledge, covering the latest vulnerabilities, best practices, and proactive defence strategies

        • Thick Client Penetration Testing
        • Elevate your application’s security with our thorough thick client penetration testing service. From standalone desktop applications to complex client-server systems, we meticulously probe for vulnerabilities to fortify your software against potential cyber threats.

        • Source Code Review
        • Ensure the integrity and security of your codebase with our comprehensive service, meticulously analysing code quality, identifying vulnerabilities, and optimising performance for various types of applications, scripts, plugins, and more

        • Email Spoofing Prevention
        • Check if your organisation’s email is vulnerable to hackers and put a stop to it. Receive your free test today!

        • Email Phishing Excercise
        • Strengthen your defense against email threats via simulated attacks that test and educate your team on spotting malicious emails, reducing breach risks and boosting security.

        • Cyber Essentials Bundle
        • Equip your organisation with essential cyber protection through our packages, featuring quarterly breached accounts monitoring, email phishing campaigns, cyber hygiene training, and more. LAUNCHING SOON.

Walmart Press Release Hoax Causes Litecoin to Spike 34%

Walmart Press Release Hoax Causes Litecoin to Spike 34%

A fake Walmart press release stating that the retail chain would begin accepting Litecoin caused the cryptocurrency to jump by almost 35% this morning.

The fake Walmart press release [archive] was released this morning at 9:30 AM and included made-up quotes from Walmart’s CEO Doug McMillon and Litecoin creator Charlie Lee about the partnership.

“The momentum and excitement around the use of cryptocurrency are undeniable, and we are poised to make online shopping easy for our customers. As a leading eCommerce store, we are committed to bringing innovations to the online shopping experience. By integrating Litecoin, we will enable shoppers to experience a very smooth checkout experience with near instant transaction confirmation, and near-zero fees regardless of where in the world they are,” claimed the fake quote from Doug McMillon, Walmart’s CEO.

Also Read: Management Training PDF for Effective Managers and Leaders

As the press release was published on GlobeNewswire, other partners, including Yahoo, syndicated it, giving it much wider attention.

As the news quickly spread on Twitter and major publishers, such as the now-withdrawn story from Reuters [archive], the price of Litecoin spiked almost 35%, from $175 to $237.

Litecoin price over the past 24 hours
Litecoin price over the past 24 hours
Source: coinbase.com

After users spotted that the email address for the media contact used wal-mart.com, a domain registered last month on Namecheap and not linked to Walmart, it quickly became apparent that it was an elaborate hoax.

https://t.co/Tn2N7HdfhF (the email domain used in the press release) was registered last month and doesn’t go to any official website. pic.twitter.com/ADNGpmOCFD— Steven (@Dogetoshi) September 13, 2021

Soon after, CNBC reported that Walmart confirmed that the press release was fake.

This caused the price of Litecoin to plummet back to close its original value, with it now trading at ~$178.

Also Read: PDPA Laws And Regulations; A Systematic Guidelines In Singapore

0 Comments

KEEP IN TOUCH

Subscribe to our mailing list to get free tips on Data Protection and Data Privacy updates weekly!

Personal Data Protection

REPORTING DATA BREACH TO PDPC?

We have assisted numerous companies to prepare proper and accurate reports to PDPC to minimise financial penalties.
×

Hello!

Click one of our contacts below to chat on WhatsApp

× Chat with us