Cisco Systems and U.S. and Ukrainian authorities have warned that a network of half a million routers and storage devices has been hacked and is capable of a massive cyberattack. Security researchers said that the attack could take place during soccer’s UEFA Champions League’s final match on Saturday in Kiev. The devices, in 54 countries, are infected with VPNFilter malware that can shut them down, said Cisco security researcher Craig Williams. The U.S. government is working to reclaim control of the infected servers. Read more

Social media platforms Facebook and Twitter yesterday announced their plans “to increase transparency of political campaign ads, changes aimed at preventing foreign manipulation of the coming midterm elections,” reports The New York Times. Facebook will introduce a ‘paid for’ label that takes users “to a page where they can view the cost of the ad and the demographic breakdown of the audience that viewed the ad.” Twitter will restrict political spots, “requiring those running political ads for federal elections to identity themselves and certify that they are in the United States.” Read more

Facebook issued a request for proposals from academics to study fake news on the social platform’s News Feed, with the aim of getting more information regarding the volume of false news and its impact. Those academics whose proposals are accepted will be funded and have access to data on the site. Facebook also plans to introduce a public education campaign about what fake news is and how users can stop spreading it; the campaign will be placed on the top of Facebook’s homepage. The company will also debut a 12-minute video about fake news. Read more

When the European Parliament grilled Facebook chief executive Mark Zuckerberg about his company’s many missteps, one of their concerns was that it has become a monopoly. The reference was to Facebook owning the world’s two largest chat applications, Messenger and WhatsApp, and their suggestion was that Facebook spin off those and the photo app Instagram. Facebook has countered with the argument that, by controlling so much of the world’s communications, it helps keep consumers safe across all these services. Read more

In his appearance before the European Parliament, Facebook chief executive Mark Zuckerberg was peppered non-stop for 75 minutes with questions about his company’s misuse of user data, its role in elections and its outsized global dominance, which led some to call for its breakup. The meeting ended with Parliament members griping that Zuckerberg had evaded questions and repeated statements he had already made, although the format only allowed Zuckerberg a few minutes at the end to reply to the many questions. Read more