CNN reports: FBI Director Christopher Wray on Wednesday is expected to warn that Chinese hackers are preparing to “wreak havoc and cause real-world harm” to the US. “China’s hackers are positioning on American infrastructure in preparation to wreak havoc and cause real-world harm to American citizens and communities, if or when China decides the time has come […]
NEW YORK – New York Attorney General Letitia James today sued Citibank, N.A. (Citi) for failing to protect and refusing to reimburse victims of fraud. The lawsuit alleges that Citi does not implement strong online protections to stop unauthorized account takeovers, misleads account holders about their rights after their accounts are hacked and funds are stolen, […]
Bloomberg News reports: A former Internal Revenue Service contractor who stole and leaked the tax returns of former President Donald Trump, Ken Griffin, Elon Musk and other billionaires was sentenced to five years in prison. Charles Littlejohn, 38, pleaded guilty Oct. 12 to stealing Trump’s tax data from the IRS and leaking it to the New York Times. He also admitted taking tax […]
From the law firm of Polsinelli PC: Beginning on May 13, 2024, nonbanking “financial institutions” must notify the Federal Trade Commission (“FTC”) within 30 days of discovering a data breach involving the nonpublic personal information of at least 500 consumers. These covered organizations can include a wide variety of companies that engage in financial activities […]
Bleeping Computer reports: Hewlett Packard Enterprise (HPE) disclosed today that suspected Russian hackers known as Midnight Blizzard gained access to the company’s Microsoft Office 365 email environment to steal data from its cybersecurity team and other departments. Midnight Blizzard, aka Cozy Bear, APT29, and Nobelium, is a Russian state-sponsored hacking group believed to be part […]
Cybernews reports: The supermassive leak contains data from numerous previous breaches, comprising an astounding 12 terabytes of information, spanning over a mind-boggling 26 billion records. The leak, which contains LinkedIn, Twitter, Weibo, Tencent, and other platforms’ user data, is almost certainly the largest ever discovered. There are data leaks, and then there’s this. A supermassive Mother […]
From the university’s press release about their research into factors related to whether ransomware victims decide to pay ransom or not — and how much they pay if they do decide to pay: The UT investigated the decision-making process of victims who had to pay ransoms during ransomware attacks. UT researcher Tom Meurs and his […]
404 Media and Court Watch report: Authorities charged a man from Baltimore on Monday with allegedly running a so-called TLO data service, a tool that makes it incredibly easy for hackers and other criminals to dox nearly anyone in America quickly and for cheap. Chouby Charleron allegedly sold the personal identifying information (PII), including Social […]
Bloomberg Law reports: Pilfered snapshots of patients baring their bodies ahead of life-saving cancer operations and plastic surgeries are unexpectedly landing in the vast landscape of the public internet after cyberattacks, as hackers seek new ways to turn a profit. Campaigns to extort victims during ransomware attacks against health-care providers are evolving, according to lawsuits […]
New Ransomware Reporting Requirements Kick in as Victims Increasingly Avoid Paying
As 2023 drew to a close, a report by Emsisoft made the bold recommendation to impose a flat-out ban on ransom payments in the event of cyberattacks. Their suggestion has spawned a good deal of discussion, including a new report by incident response firm Coveware, who disagrees strongly with the recommendation. The following is just […]