Anita Komuves and Marton Dunai report: Some Hungarian banking and telecommunication services were briefly disrupted by a powerful cyber attack on Thursday launched from computer servers in Russia, China and Vietnam, telecoms firm Magyar Telekom MTEL.BU said on Saturday. The event was a distributed-denial-of-service (DDoS) attack, a cyber attack in which hackers attempt to flood a…
Category: Business Sector
Hackers Drain KuCoin Crypto Exchange’s Hot Wallets
Ada Hui and Wolfie Zhao of CoinDesk report: An Asian cryptocurrency exchange’s funds have been compromised in a security breach. The Singapore-headquartered digital asset exchange KuCoin said in a statement that it detected large withdrawals of bitcoin and ethereum tokens to an unknown wallet beginning at 19:05 UTC time on Friday. In a live stream on 4:30…
Customers’ bank details stolen as hackers target Staffordshire firm
Richard Guttridge reports: Customers at an IT company say they have lost thousands of pounds after the firm’s website was hacked and their bank details stolen. Police are investigating following a data breach at Stone Refurb, formerly Encore PC, based in Stafford, which led to customers’ cash being taken. One said they lost more than…
Singapore: ShopBack, RedDoorz report breaches
Fabian Koh reports: Local authorities are investigating a data breach at home-grown e-commerce cashback platform ShopBack, after the firm made public an incident involving unauthorised access to customers’ personal data. Read more on The Straits Times. In other news, Clara Chong reports: Singapore-based hospitality start-up RedDoorz acknowledged on Saturday (Sept 26) that one of its…
Maryland Man Sentenced to Prison for Intentionally Damaging the Computers of His Former Employer
From DOJ, this press release today about a case where a former employee exceeded previously authorized access: A Maryland man was sentenced by U.S. District Judge Catherine C. Blake today to 12 months and one day in federal prison, followed by three years of supervised release, for illegally accessing and damaging the computer network of…
More drama in the world of ransomware? Was Vard Group victimized twice?
Now what happened here? The Sodinokibi (“REvil”) ransomware operators have a new post that seems to claim that one of their victims was defrauded by a recovery company to the tune of $5.5 million. Vard Group, a Norwegian unit of shipbuilder Fincantieri SpA, was attacked in June 2020. But what happened next? It sounds like the…