Mara Bernath and Hugo Miller report: A former UBS Group AG employee, who fled the country rather than face trial, was found guilty of money laundering by a Swiss court over allegations of the theft and sale of client data to German tax authorities. Rene S., as Bloomberg has identified him, was sentenced by a…
Month: January 2019
Google hit with €50m fine by CNIL for data privacy breach
The Irish Times reports: Google has been fined €50 million for breaking EU privacy laws in the first case of a US tech giant being caught under Europe’s tough new data protection rules. France’s data protection office (CNIL) found the US search engine guilty of breaking EU privacy laws by failing to obtain adequate consent…
South Africans’ airtime and data stolen through malicious smartphone app
Jamie McKane reports: Mobile technology company Upstream announced earlier this month that it had detected a suspicious weather forecast application which was pre-installed on Alcatel smartphones. The company’s security platform, Secure-D, detected suspicious activity initiated by this application across multiple countries – most notably in Brazil and Malaysia, although South Africa was also affected. The…
Darknet vendor attempts to sell 100,000 hacked KYC documents from major cryptocurrency exchanges
Oliver Knight reports: A darknet vendor is attempting to sell 100,000 know-your-customer (KYC) documents supposedly stolen from major exchanges including Binance, Bitfinex, Bittrex, and Poloniex. The vendor, who posts on the darknet forum ‘Dread’ under the ‘ExploitDot’ moniker, claims to have obtained details from a security breach of a third-party KYC solution provider. Among the…
Bank Worker Forced by Darknet Criminals to Make Fraudulent Transfers
Bruno writes: A bank employee in Scotland stole £75,000 from bank customers after involving himself with a crime gang from a dark web forum. Dayne Lynn, a 22-year-old from North Ayrshire, became interested in the dark web after watching a Netflix documentary, presumably Dark Net. He decided to see with his own eyes if what…
Tinder’s co-founder sued by IAC for data theft
Naomi Lambert reports: Match Group Inc, an online dating company, along with its parent company IAC/InterActive Corp has filed a lawsuit against Sean Rad who is one of the founders of Tinder, a popular dating service of Match Group. Filed in New York state court in Manhattan late on Tuesday, the lawsuit alleged Rad of…