Kevin M. McGinty of Mintz Levin writes: An attempt to impose liability on corporate officers and directors for data breach-related losses has once again failed. On November 30, 2016, a federal judge in Atlanta issued a 30 page decision dismissing a shareholder derivative action arising out of the September 2014 theft of customer credit card data…
Month: December 2016
European professional football is the latest victim of a giant data leak
Nathan Ingraham reports: Big data leaks are becoming more and more common, and today another massive victim has been revealed: professional soccer (or football, if you live anywhere but the US). German publication Der Spiegel just released the first in what will be a steady stream of details about corruption in various European football clubs as well as…
5,051 records with personal info of Virginia vets discovered in fired ex-Veteran Services employee’s storage unit
There’s a follow-up to a breach first disclosed in October. Mark Bowes reports: More than 5,000 “personally identifiable” records of Virginia veterans – including nearly 700 benefit claims that went unfiled, were filed late or missing key documents – were included in boxes of paperwork discovered in the storage unit of a fired Virginia Department…
Michigan State University to spend $2.9 million in wake of data breach
Marie Weidmayer reports: MSU will spend an estimated $2.9 million on identity theft protection in the wake of the data breach that exposed university records of about 400,000 people. According to a statement from MSU President Lou Anna K. Simon, MSU will provide credit monitoring and identity theft protection free of charge to everyone affected. “We have a reserve fund that…
Your VISA Credit Card Can Be Hacked In Just Six Seconds: Study
Press Trust of India reports: It may take as little as six seconds for hackers to guess your credit or debit card number, expiry date and security code, say scientists who were able to circumvent all security features meant to protect online payments from fraud. Exposing the flaws in the VISA payment system, researchers from…
Russian central bank says bank account hacked in $45 million cyber heist
Andrei Ostroukh reports Hackers broke into accounts at the Russian central bank earlier this year by faking a client’s credentials and attempted to steal $45 million, the bank said in a report released on Friday. The bank said it managed to recover some of that amount—$26 million—but it did not say if that meant the…