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Data Of 700 Million LinkedIn Users Is For Sale On The Dark Web

Who would pay for this information, you wonder? Spammers, phishers, and other cybercriminals are definitely the target audience here.

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data of 700 million linkedin users is on sale for $5000 on the dark web

The security team at LinkedIn doesn’t get much rest lately. In April, 500 million of its user’s data was exposed by hackers, and the same data collection technique was apparently used by a dark web user called TomLiner, who is currently selling 700 million LinkedIn user records (92% of all LinkedIn users) in a convenient bundle for just $5,000.

The data collection technique in question is called scraping, which is the act of extracting useful information from a website. Since any public website can be scraped using readily available tools, it wouldn’t be correct to call this incident a breach, as LinkedIn quickly pointed out.

“While we’re still investigating this issue, our initial analysis indicates that the dataset includes information scraped from LinkedIn as well as information obtained from other sources,” said Leonna Spilman, Corporate Communications Manager at LinkedIn. “This was not a LinkedIn data breach, and our investigation has determined that no private LinkedIn member data was exposed.”

So, what data has been exposed? Fortunately, no passwords or dates of birth. Here’s what a sample of one million records published by the scrapper contains:

  • Email addresses
  • Full names
  • Phone numbers
  • Physical addresses
  • Geolocation records
  • LinkedIn username and profile URL
  • Personal and professional experience/background
  • Genders
  • Other social media accounts and usernames

Who would pay $5,000 for this information, you wonder? Spammers, phishers, and other cybercriminals are definitely the target audience here.

Also Read: Is Your Phone Hacked? How To Find Out & Protect Yourself

Having all this information in one place makes it much easier for them to create detailed profiles of their potential victims and launch sophisticated targeted attacks against them. Sure, they could simply scape it by themselves using LinkedIn’s own API (application program interface) just like the seller did, but cybercrime can be so profitable that their time is often more valuable.

If you have a LinkedIn account, then you should assume that your personal information is included in the dataset and act accordingly. More specifically, you should enable multi-factor authentication (MFA) and avoid replying to email messages from unknown senders, let alone opening any attachments they may contain.

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

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mamo completes $3.4 million funding round to enhance fintech services
Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.

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