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On November 28, Reuters reported: A senior official at Uganda’s finance ministry confirmed that accounts in the country’s central bank had been hacked but he downplayed the extent of the losses. The Bank of Uganda had said late on Thursday it was awaiting a police investigation into a news report that offshore hackers stole 62 […]
Ilya Lichtenstein was sentenced today to five years in prison for his involvement in a money laundering conspiracy arising from the hack and theft of approximately 120,000 bitcoin from Bitfinex, a global cryptocurrency exchange. His sentencing was announced by the U.S. Department of Justice. According to court documents, Lichtenstein, 35, hacked into Bitfinex’s network in […]
It seems like everything is “AI” these days, but there’s also an increasing awareness of the flaws or risks in using AI for some purposes, including AI making up things that just aren’t true (called “hallucinations”). But there are also cybersecurity risks. From Covington and Burling: On October 16, 2024, the New York Department of […]
Bleeping Computer reports that Interbank has confirmed a data breach after a threat actor started leaking data online. Even though the bank has yet to disclose the exact number of customers whose data was stolen or exposed in the breach, as first spotted by Dark Web Informer, a threat actor who uses the “kzoldyck” handle is […]
Brian Montgomery is a partner at Pillsbury and a former NYDFS deputy superintendent. Mark Krotoski is a partner at Pillsbury and former national coordinator for the Computer Hacking and Intellectual Property Program at the Department of Justice. In an article on Bloomberg Law, they write: Cybersecurity regulations can be a constantly moving target, with digital advances and […]
Days after customers started complaining about outages, MoneyGram has confirmed that it was the victim of a cyberattack. Bleeping Computer reports: “MoneyGram recently identified a cybersecurity issue affecting certain of our systems,” reads the announcement. “Upon detection, we immediately launched an investigation and took protective steps to address it, including proactively taking systems offline, which […]
Slim CD is a Florida-headquartered processing gateway that handles electronic payments, including credit card payments for US and Canadian based merchants. On or about June 15, 2024, it detected suspicious activity in its computer environment. SC Media reports that the firm, has notified nearly 1.7 million credit card holders that their data may have been […]
Iran International reports: An Iranian entity paid hackers $3 million in ransom to dissuade them from releasing the data of over 20 hacked banks, Politico reported, confirming Iran International’s earlier report about the “biggest-ever” cyberattack on Iran’s banking system. Iran International reported on August 14 that the major cyberattack targeted several Iranian banks, leading to […]
Bloomberg reports an update on the cyberattack of the WazirX cryptocurrency exchange. The attack, suspected to be linked to the Lazarus Group in North Korea, resulted in the theft of $234 million from the Indian exchange and left WazirX announcing that they were unlikely to recover 43% of the stolen funds. The attacker behind India’s […]
A press release from the Securities and Exchange Commission (SEC): Washington D.C., May 22, 2024 — The Securities and Exchange Commission today announced that The Intercontinental Exchange, Inc. (ICE) agreed to pay a $10 million penalty to settle charges that it caused the failure of nine wholly-owned subsidiaries, including the New York Stock Exchange, to […]
