Cybersecurity Weekly: Record bug bounty payouts, new phishing attacks, smartphone fingerprint hack

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Bug bounty platform Bugcrowd breaks weekly payout record with over $500,000. Paypal upsets Microsoft as phishers’ favorite brand for the first time in over a year. Hackers unlock smartphones in under 20 minutes by photographing fingerprints on glass. All this, and more, in this week’s edition of Cybersecurity Weekly.

1. Bugcrowd paid out over $500,000 in bounties in one week

In October, Bugcrowd paid out $1.6 million to over 500 white hat hackers from around the world. Collectively, they reported a total of 6,500 vulnerabilities in products belonging to companies using the platform. More than $513,000 in payouts were made just last week — a record in a 7-day period for Bugcrowd since it launched in 2011.
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2. PayPal upsets Microsoft as phishers’ favorite brand

PayPal was the most frequently spoofed brand in the third quarter of 2019, unseating Microsoft for the first time in over a year. Phishing campaigns have capitalized on PayPal’s popularity. One discovered by Vade researchers targeted more than 700,000 people, primarily located in Europe, with emails threatening legal action and requesting a small payment.
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3. Hackers can unlock any phone in 20 minutes using photographed fingerprints

Hackers working for a Chinese security company claim they have developed a method to photograph a fingerprint on any glass surface and use it to unlock any smartphone in just 20 minutes. After processing the photo, the processed fingerprint was used to unlock three smartphones, all with different fingerprint reader technology.
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