Data Breach News, Finance, Legal News, News
May 23, 2024
2052 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 […]

Legal News, Data Breach News
May 21, 2024
714 views 3 mins 0

FTC Finalizes Order with Blackbaud Related to Allegations the Firm’s Security Failures Led to Data Breach

Federal Trade Commission building, Washington D.C.

From the Federal Trade Commission: The Federal Trade Commission has finalized an order against Blackbaud Inc. settling allegations that its lax security practices allowed a hacker to breach the company’s network and access the personal data of millions of consumers including Social Security and bank account numbers. In a complaint first announced in February 2024, the FTC […]

Legal News, News
May 17, 2024
1226 views 3 mins 0

SEC Adopts Rule Amendments to Regulation S-P to Enhance Protection of Customer Information

The following is a press release from the Securities and Exchange Commission: Washington D.C., May 16, 2024 — The Securities and Exchange Commission today announced the adoption of amendments to Regulation S-P to modernize and enhance the rules that govern the treatment of consumers’ nonpublic personal information by certain financial institutions. The amendments update the […]

Data Breach News, Legal News, Malware Ransomware, News
May 07, 2024
1345 views 14 mins 0

U.S. Charges Russian National with Developing and Operating LockBit Ransomware

Alleged LockBit Developer Created and Operated Most Prolific Ransomware Variant Under Aliases “LockBit” and “LockBitSupp”; U.S State Department Offers Reward Up to $10M; U.S. Department of Treasury Designates LockBit Administrator for Sanctions The U.S. Justice Department unsealed charges today against a Russian national for his alleged role as the creator, developer, and administrator of the […]

Data Breach News, Legal News, News
May 04, 2024
1420 views 5 mins 0

Former Cybersecurity Consultant Arrested For $1.5 Million Extortion Scheme Against IT Company

A reminder to carefully vet contractors and to terminate access promptly when their contract ends Wednesday, May 1, 2024. Damian Williams, the United States Attorney for the Southern District of New York, announced today that VINCENT CANNADY was arrested in connection with his scheme to extort a publicly traded information technology infrastructure services provider of […]

Data Breach News, Legal News, News
April 15, 2024
701 views 3 mins 0

MGM Resorts Sues the Federal Trade Commission to Limit Investigation into 2023 Data Breach

Federal Trade Commission building, Washington D.C.

Although the Federal Trade Commission (FTC) has the authority to investigate data breaches, some entities they have investigated have pushed back against the regulator. In 2013, FTC filed a complaint against LabMD for allegedly failing to protect consumer’s data. When the government found for itself in a proceeding by an administrative law judge, LabMD sued […]

Data Breach News, Consumer Alerts, Legal News
April 02, 2024
807 views 8 mins 0

Former Hospital Administrator Pleads Guilty in Identity Theft Scheme That Spanned Three Decades

Victim Falsely Prosecuted and Spent Nearly Two Years in Jail and Mental Hospital A former Iowa hospital administrator who lived under a false identity for more than 30 years and caused the false imprisonment of his victim pled guilty today in federal court in Cedar Rapids, Iowa.  Matthew David Keirans, age 58, from Hartland, Wisconsin, […]

Commentaries and Analyses, Finance, Legal News, New Threats
March 30, 2024
1461 views 3 mins 0

AI Poses a Threat to Financial Sector, and Cyberattackers are ‘Outpacing’ Defenses – Treasury

Law.com reports that the U.S. Treasury Department warned the financial services sector this week that artificial intelligence (AI) will become a powerful weapon for fraudsters and cyberattackers, who will outgun the sector’s defensive efforts in the foreseeable future.  The report was based on interviews with representatives from 42 financial services and technology companies about the […]

Data Breach News, Critical Infrastructure, Cyberattack, Legal News, News
March 27, 2024
767 views 6 secs 0

Draft of Cyber Incident Reporting Rules Posted

A draft of federal cyber incident reporting rules for the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA) has been posted in the Federal Register. It’s not exactly light reading, weighing in at a whopping 447-page Notice of Proposed Rulemaking. The rules will require critical infrastructure entities to notify the federal government of […]

Data Breach News, Legal News, News
March 26, 2024
1525 views 56 secs 0

Credit card company secures $48M verdict following decade-long legal battle over massive insider data breach

The Readable explains: A decade-long legal battle involving a data breach that affected the majority of the South Korean population concluded last week. The court confirmed a compensation award of $48 million to a credit card company. The Supreme Court of Korea has rejected the appeal of the defense and ordered the company to pay […]