Jesse Coghlan reports: Cryptocurrency exchange FTX will provide around $6 million in compensation to victims of a phishing scam that allowed hackers to conduct unauthorized trades on certain FTX users’ accounts. FTX founder and CEO Sam Bankman-Fried posted in a Twitter thread on Oct. 23 that the exchange generally doesn’t award compensation to its users “phished by fake versions of…
Category: Business Sector
Hive claims ransomware attack on Tata Power, begins leaking data
Ax Sharma reports: Hive ransomware group has claimed responsibility for a cyber attack disclosed by Tata Power this month. A subsidiary of the multinational conglomerate Tata Group, Tata Power is India’s largest integrated power company based in Mumbai. Read more at Bleeping Computer.
FTC Takes Action Against Drizly and its CEO James Cory Rellas for Security Failures that Exposed Data of 2.5 Million Consumers
The Federal Trade Commission is taking action against the online alcohol marketplace Drizly and its CEO James Cory Rellas over allegations that the company’s security failures led to a data breach exposing the personal information of about 2.5 million consumers. Drizly and Rellas were alerted to security problems two years prior to the breach yet…
UK: ICO fines Interserve £4,400,000 for inadequate data security
Between 18 March 2019 and 1 December 2020 Interserve Limited (“Interserve”) failed to process personal data in a manner that ensured appropriate security of the personal data using appropriate technical and organisational measures as required by Article 5(1)(f) and Article 32 GDPR. This rendered Interserve vulnerable to a cyber-attack which took place in the period…
Wholesale giant METRO hit by IT outage after cyberattack
Sergiu Gatlan reports: International wholesale giant METRO is experiencing infrastructure outages and store payment issues following a recent cyberattack. The company’s IT team is currently investigating the incident with the help of external experts to discover the cause of this ongoing outage. IT outages have been affecting stores in Austria, Germany, and France since at…
Massy Stores investigates cyber attack information leak
Joel Julien reports: Massy Stores is currently investigating claims that an international ransomware group has dumped over 700,000 its files, revealing the personal information of staff and customers following a hack attack earlier this year. A cybersecurity expert who verified the documents has revealed that the Hive Ransomware group has dumped 87,550 folder and 704,047…