Connor Hart reports: ADT is working with third-party cybersecurity experts and federal law enforcement to address an incident in which an outside party had illegally accessed its network, obtaining encrypted employee data. The Boca Raton, Fla., home-security company on Monday said that the outside party, which it called an unauthorized actor, was able to access…
Category: Business Sector
MoneyGram: No evidence ransomware is behind recent cyberattack
Lawrence Abrams reports: Payment platform MoneyGram says there is no evidence that ransomware is behind a recent cyberattack that led to a five-day outage in September. MoneyGram is an American payment and money transfer platform that allows people to send and receive money through an extensive network of 350,000 physical locations in 200 countries or via…
Previously Extradited Nigerian National Sentenced For Role In Multimillion-Dollar Business Email Compromise Schemes Targeting Educational Institutions And Businesses in North Carolina and Texas
CHARLOTTE, N.C. – A dual citizen of Nigeria and the United Kingdom was sentenced today to seven years in prison for his role in a multimillion-dollar business email compromise (BEC) scheme, announced Dena J. King, U.S. Attorney for the Western District of North Carolina, and Alamdar S. Hamdani, U.S. Attorney for the Southern District of Texas….
Indiana Man Pleads Guilty to Conspiracies Involving Cyber Intrusion and $37 Million Cryptocurrency Theft
SIOUX FALLS – United States Attorney Alison J. Ramsdell announced that Evan Frederick Light, age 21, of Lebanon, Indiana, appeared before U.S. Magistrate Judge Veronica Duffy on September 30, 2024, and pleaded guilty to an Indictment that charged him with Conspiracy to Commit Wire Fraud and Conspiracy to Launder Monetary Instruments. The maximum penalty for each…
Former Epsilon Senior Executive and Sales Manager Both Sentenced for Selling Data on Millions of U.S. Consumers to Fraudsters
Here is yet another case that reminds us of the insider threat. In this case, the defendants misused Epsilon’s algorithms to predict and sell lists of consumers most likely to respond to fraudster’s schemes’ mailings. Epsilon settled its criminal liability via a deferred prosecution agreement to pay $150 million in penalties and victim compensation and…
FCC Reaches Multi-Million Dollar Settlement Of Investigations Into T-Mobile Data Breaches With Significant Improvements To Company’s Cybersecurity
WASHINGTON, September 30, 2024—The Federal Communications Commission today announced a groundbreaking data protection and cybersecurity settlement with T-Mobile to resolve the Enforcement Bureau’s investigations into significant data breaches that impacted millions of U.S. consumers. To settle the investigations, T-Mobile has agreed to important forward-looking commitments to address foundational security flaws, work to improve cyber hygiene,…