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Cyber Daily: Big US Firms Worry About WeChat Ban | FBI, NSA Reveal Deep Details About Russian Hacking Tool – Wall Street Journal


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Cyber Daily: Big US Firms Worry About WeChat Ban | FBI, NSA Reveal Deep Details About Russian Hacking Tool – Wall Street Journal

Aug. 14, 2020 8:42 am ET | WSJ Pro Good day. Companies including Apple, Disney and Walmart participated in a call with the White House over action against WeChat , China’s most important app, The Wall Street Journal reports. Other news: FBI and NSA publish detailed report about hacking tool used by Russia’s “Fancy Bear” group;…

Cyber Daily: Big US Firms Worry About WeChat Ban | FBI, NSA Reveal Deep Details About Russian Hacking Tool - Wall Street Journal thumbnail

Good day. Companies including Apple,
Disney

and
Walmart

participated in a call with the White House over action against
WeChat
,
China’s most important app, The Wall Street Journal reports.

Other news: FBI and NSA publish detailed report about hacking tool used by Russia’s “Fancy Bear” group;
Amazon

fixes Alexa vulnerability; and TikTok and its U.S. workers mount legal challege to Trump’s ban.

Weekend reading: Strong quarter for cybersecurity vendors;
British Airways
,
Marriott talk down EU fines; and we take you inside the push on Capitol Hill for a national cyber director.

U.S.-China Relations

Corporate America worries WeChat ban could be bad for business. U.S. companies whose fortunes are linked to China are pushing back against the Trump administration’s plans to restrict business transactions involving the WeChat app from Tencent Holdings Ltd., saying it could undermine their competitiveness in the world’s second-biggest economy.

More than a dozen major U.S. multinational companies raised concerns in a call with White House officials Tuesday about the potentially broad scope and impact of Mr. Trump’s executive order targeting WeChat, set to take effect late next month.

Apple,
MetLife
,
Procter & Gamble
,
Walt Disney and Walmart were among the firms that participated, according to people familiar with the situation.

The WeChat app is used by more than 1.2 billion people globally and is ubiquitous in China, where consumers, businesses and government alike use it for mobile payments, messaging, e-commerce, official communications and other functions. For anyone doing business in China, including U.S. companies, it is also a vital marketing hub to connect with consumers.

Read the full article.

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More Cyber News

Russian hacking tool targets servers common in defense sector. The Federal Bureau of Investigation and the National Security Agency Provided details Thursday about “Drovorub,” a tool they say is used by Russia’s intelligence directorate, Reuters reports. The hacking group known as Fancy Bear uses Drovorub to target computer servers running the Linux operating system, to steal data and take control over systems, according to a report from the U.S. officials.

Step by step. The report provides technical details about how the tool works and says that Russian hackers continue to threaten U.S. national security.

Amazon fixes flaws in Alexa that could have let hackers get voice and other data. Cyberattackers could have exploited flaws in Amazon’s electronic assistant devices to access users’ personal information and voice recordings, the BBC reports. Cybersecurity firm
Check Point Software Technologies
Ltd.
discovered the problems, notifying Amazon in June. The e-commerce giant made fixes and told the BBC that it didn’t know of any cases of hackers taking advantage of the vulnerabilities.

TikTok and U.S. employees plan to sue Trump administration over ban. In separate legal challenges, TikTok and a group of TikTok workers in the U.S. contend that President Trump’s executive order banning the video app is unconstitutional arbitrary government action, the Associated Press reports. The order is set to take effect in September. TikTok declined to comment to the AP. A lawyer representing the employees said they are suing in part because they are worried for their jobs.

Weekend Reading

Cybersecurity Firms Post Strong Quarter Despite Gloomy Economy

British Airways and Marriott Expect Drastically Reduced Fines From U.K. Privacy Regulator

Inside the Renewed Push for a National Cyber Director

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