Finance, News
November 15, 2024
1036 views 2 mins 0

Bitfinex Hacker Sentenced in Money Laundering Conspiracy Involving Billions in Stolen Cryptocurrency (Updated)

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 […]

Legal News, Data Breach News, Finance
October 09, 2024
480 views 56 secs 0

New York Data Breach Requirements Set Reporting Tone Nationally

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 […]

Finance, Cyberattack, Data Breach News, News
September 24, 2024
1083 views 58 secs 0

MoneyGram confirms its outage is due a cyberattack

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 […]

Data Breach News, Finance
September 10, 2024
615 views 59 secs 0

Electronic payment firm Slim CD notifies 1.7M customers of data breach

Slimcd Credit Card Processing Service

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 […]

Data Breach News, Finance, News
September 05, 2024
728 views 28 secs 0

Data of 20 Iranian banks hacked in ‘worst-ever’ cyberattack, report confirms

Banks Text With Iranian Flag Globe

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 […]

Finance, Cyberattack, News
September 03, 2024
1027 views 24 secs 0

Hacker behind $234 million India crypto theft starts washing funds

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 […]

Data Breach News, Finance, Legal News, News
May 23, 2024
1455 views 5 mins 0

SEC Charges Intercontinental Exchange and Nine Affiliates Including NYSE with Failing to Inform the Commission of Cyberattack

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 […]

Data Breach News, Finance
May 17, 2024
1027 views 1 sec 0

Santander Falls Victim to Data Breach Involving Third-Party Provider

DarkReading reports that Spanish banking giant Santander has disclosed a recent data breach at a third-party provider. Bank customers in Chile, Spain, and Uruguay have reportedly been affected. “No transactional data, nor any credentials that would allow transactions to take place on accounts are contained in the database, including online banking details and passwords,” according to […]