Catalin Cimpanu reports: The US Securities and Exchange Commission (SEC) has indicted a former Equifax engineer on charges of insider trading. According to court documents, Sudhakar Reddy Bonthu, 44, of Cumming, Georgia, worked for Equifax between September 2003 and March 2018. Starting September 2013, Bonthu worked as Production Development Manager of Software Engineering in Equifax’s…
Month: June 2018
Firefighter personnel records found tossed on floor of condemned Yonkers firehouse
Christopher J. Eberhart reports: Records containing firefighters’ personal information — including Social Security numbers, names, addresses and phone numbers — were found in the condemned firehouse in downtown Yonkers. The personnel records were misfiled under the previous administration, according to Fire Commissioner Robert Sweeney, and left in the New School Street firehouse before the Yonkers Fire…
Two Hackers Arrested for Hijacking Over 700,000 Online Accounts
Catalin Cimpanu reports: Russian police have arrested two teenage hackers for breaching, hijacking, and selling access to over 700,000 online accounts at Russian-based online stores, payment systems, and bookmaking/betting portals. Russian cyber-security firm Group-IB aided authorities with the investigation. A Group-IB spokesperson said the company first became aware of the two hackers in November 2015,…
Exchange Leak Puts $620K-Worth of Customer Crypto at Risk
Wolfie Zhao reports: A South Korea-based exchange has inadvertently leaked sensitive information about 19 of its users, potentially putting some $620,000 worth of cryptocurrency at risk. According to a report from CoinDesk Korea , an employee of Bitkoex, an exchange launched in May, posted information on how much of the Karma (KRM) cryptocurrency was held…
LabMD litigators on what case says about US cyber regulation
David Cohen, Douglas Meal, and Michelle Visser of Ropes and Gray, the firm that represented LabMD against the FTC, write: Representing LabMD in its successful petition to the U.S. Court of Appeals for the 11th Circuit has been a fascinating experience in a number of ways. One of those is what the case reinforced for…
(UPDATED) Equifax Agrees to New Data Breach Safeguards in Consent Order With State Regulators
Dan M. Clark reports on six major actions Equifax agreed to take to settle eight states’ charges against them over the 2017 data breach. From his report, because I cannot find a copy of the actual consent decree online just yet: The company’s board members will have to review and approve a written risk assessment…