A Bad Week For Apple Inc. (AAPL) as Hack Claims Tarnish Brand

Apple stock

This week has not gone great for the Apple Inc. . Earlier this week, a report claimed a hacker group dubbed Turkish Crime Family (TCF) is holding millions of Apple ID accounts for ransom, to which the firm denied, saying there has been no hack. And now on Thursday, WikiLeaks leaked details about CIA-related programs, which were built in order to infect MacBook and iMac devices.

Exploits have already been fixed: Apple

In its defense, Apple Inc. says the CIA documents – ‘leaked’ by WikiLeaks – were not new but old. The preliminary assessments of the CIA documents indicate that the vulnerabilities detailed in those documents for the Mac and iPhone were patched several years ago.

The documents, leaked by Wikileaks, originated with the United States Central Intelligence Agency and were actually part of the “Vault 7” documents. TechCrunch notes that some of the exploits, such as Night Skies 1.2, could access personal data like SMS conversations and call logs. The documents dubbed ‘Dark Matter’ covered techniques for accessing and exploiting Macs through a peripheral device like a USB stick.

As per the iPhone maker, it fixed the iPhone vulnerability affecting the iPhone 3G, in 2009 when the iPhone 3GS was launched. And, all the Mac vulnerabilities were patched after 2013. “We have not negotiated with Wikileaks for any information. We have given them instructions to submit any information they wish through our normal process under our standard terms,” the firm said in a statement.

Hackers adamant on their claims

Talking of the other news, the firm has denied all Turkish Crime Family (TCF) claims about holding Apple ID accounts for ransom. The firm added that the hackers could be using databases acquired from data breaches affecting other networks, like LinkedIn.

TCF, however, has reached out to the media after the initial disclosure to provide more details about their Anti-Apple quest. The hacker group says it can reset around 2,550 iPhone per minute per server, or approx. 38m accounts per hour. The Twitter account of TCF claims 200 million iCloud accounts will be factory reset.

Apple Inc (AAPL) iPhone 7 and Air

In its email to the media, the hacker group says if Apple Inc. does not pay up, they will unleash the attack on April 7th. The email reads that TCF has requested around $700,000 for their members ($100,000 for each member) or $1 million worth in iTunes vouchers for instant resale at 60% of the original gift card value, plus some private stuff that the hacker group would not disclose because they do not want to ruin their relationship with the tech giant.

Well, Apple has still kept its stand, saying the database and servers are still safe. As a precaution, we advise the users to enable the two-factor authentication for better security.

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Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.


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