Equifax set to pay around $ 700 mn for 2017 data breach: Report
US-based credit-reporting firm Equifax Inc is reportedly close to reaching an agreement with authorities for a $700 million fine over a 2017 data breach.
 
Equifax is about to reach an agreement with the US Federal Trade Commission, the Consumer Financial Protection Bureau and most state attorneys general, Sputnik news agency reported on Saturday citing a report in The Wall Street Journal.
 
The settlement may be announced as soon as Monday, sources familiar with the matter told WSJ. The exact amount of money Equifax will have to pay may change, depending on the number of consumer claims filed.
 
According to Wall Street Journal sources, the settlement will establish a fund to compensate consumers for harm caused by the breach. A website and a phone line will be created to process claims filed by the victims.
 
The settlement will also oblige the company to overhaul its security network, a task estimated to cost the company an additional $1.25 billion, the report said. 
 
The 2017 hack exposed nearly 150 million US citizen names, Social Security numbers, birth dates and addresses. 
 
According to the report, hackers were able to rummage undetected through the company's network for months. 
 
Equifax did not report the breach for a period of six weeks after it was initially detected.
 
The scandal led to the resignation of the company CEO and to a Congressional hearing during which lawmakers grilled executives about the company's handling of consumer data and its inability to report the breach in a timely fashion.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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    Google removes stalker apps Spy Tracker and SMS Tracker from its Play Store
    Google has removed seven stalker apps that were available on its Play Store as apps for children's safety or finding stolen phones but were being used to stalk employees, romantic partners or kids.
     
    The apps were able to track the surveilled person's location, collect their contacts, SMS and call history.
     
    Mobile threat researchers at anti-virus company Avast detected the apps on Google Play Store that were all likely designed by a Russian developer.
     
    Avast reported these apps to Google which then removed them from the Play Store.
     
    The apps have been installed a combined 130,000 times, with the most-installed apps being Spy Tracker, and SMS Tracker, both with more than 50,000 installs.
     
    "These apps are highly unethical and problematic for people's privacy and shouldn't be on the Google Play Store," Nikolaos Chrysaidos, Avast's head of mobile threat intelligence and security, said in a statement on Wednesday.
     
    "They promote criminal behaviour, and can be abused by employers, stalkers or abusive partners to spy on their victims. We classify such apps as stalkerware," he added.
     
    It's hard to tell if your device has stalkerware installed on it as you will not see an app icon on your smartphone.
     
    The apps require the person to have access to the phone they want to spy on. The person can download the apps from the Google Play Store and install them on the target device.
     
    The app then prompts the person who installed the app to enter their email address and password. The spying app is sent there.
     
    "Upon setup, there is no app icon, so the targeted person does not see any sign of the stalkerware app installed on their phone," said Avast.
     
    For example, the description of "Spy Tracker" app on Google Play read: "Find out more about your child's life, interests, friends and plans. Parents are responsible for every step that their kids make. So this app is created to monitor them and protect them from dangers that can be revealed via cell phone."
     
    According to SMS Tracker, "our app will help you monitor work time of your employees to save time and save money. Notify the users of work phones that you are going to install the app. It will teach your employees to use their time at work wisely, to reduce time spent on messengers and arrive to work in time".
     
    In April, Russian cyber security company Kaspersky Lab said it would start flagging stalkerware as malicious. In 2018, it detected stalkerware on 58,487 mobile devices.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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    Layout: Edit and Stitch Together up to 9 Images for Instagram
    This is a simple app which allows you to stitch up to nine images together and load them onto Instagram. Instagram allows you to add only one image at a time. 
     
    However, sometimes you may wish to combine multiple similar selfies or landscape shots to fit into one collage picture. This app lets you do just that.
     
    It also helps you tweak many parameters for each photo, including the size, border width or zoom. You are the editor; so feel free to experiment and get creative—tell a story, show off an outfit, or just splice, dice and change the look of your regular photos to convey a mood or theme.
     
    The app also has three handy buttons at the bottom to replace an image, mirror it or flip it upside down. The final product can be quite neat and impressive. It can be further enhanced by using Instagram’s native filters.
     
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