Karen Hoffman reminds readers of the costs of poor security, reporting, in part: Last month, the U.S. Securities and Exchange Commission (SEC) fined Chase $125 million due to employees’ insecure practices, namely using WhatsApp and personal email accounts to transact official business, thus not adhering to SEC record-keeping requirements. Additionally, under a separate enforcement action,…
Author: Dissent
Clara City respiratory therapist reprimanded by state for twice reading patient records without authorization
Linda Vanderwerf reports: A respiratory therapist from Clara City has been reprimanded by the Minnesota Board of Medical Practice for looking at patient records without authorization. In addition to receiving a reprimand, Kurt Lee Koenen of Clara City was ordered to complete courses about compliance with the Health Insurance Portability and Accountability Act. He is also to complete…
N.Korean internet downed by suspected cyber attacks -researchers
Josh Smith reports: North Korea’s internet appears to have been hit by a second wave of outages in as many weeks, possibly caused by a distributed denial-of-service (DDoS) attack, researchers said on Wednesday. The latest incident took place for about six hours on Wednesday morning local time, and came a day after North Korea conducted…
China Releases Draft Regulations on Network Data Security Management
Hunton Andrews Kurth writes: On November 14, 2021, the Cyberspace Administration of China (“CAC”) released for public comment its draft Regulations on Network Data Security Management (the “Draft Regulations”). The Draft Regulations are intended to implement portions of three existing laws – the Cybersecurity Law (“CSL”), the Data Security Law (“DSL”) and the Personal Information…
CEO of Cryptsy, a Major Online Cryptocurrency Exchange Company, Indicted for Defrauding Company’s Customers, Destroying Evidence, and Tax Evasion
Miami, Florida – A 17-count indictment was unsealed in federal court in Miami, Florida charging Paul E. Vernon, 48, the founder, operator, and Chief Executive Officer (CEO) of Project Investors Inc., doing business as Cryptsy, with criminal violations for his involvement in a sophisticated theft scheme involving his cryptocurrency exchange. The charges include tax evasion,…
DeepDotWeb Administrator Sentenced to 97 Months in Prison for Money Laundering Scheme
Defendants Received Over $8 Million in Kickbacks from Purchases of Contraband on Darknet Marketplaces An Israeli national was sentenced yesterday to 97 months in prison for operating DeepDotWeb (DDW), a website that connected internet users with Darknet marketplaces, where they purchased illegal firearms, malware and hacking tools, stolen financial data, heroin, fentanyl and other illicit…