The Washington Post reports: U.S. regulators have met to discuss imposing a record-setting fine against Facebook for violating a legally binding agreement with the government to protect the privacy of its users’ personal data, according to three people familiar with the deliberations but not authorized to speak on the record. The fine under consideration at…
Category: Business Sector
Over 140 International Airlines Affected by Major Security Breach
Sergiu Gatlan reports: Potential attackers could view and change private information in flight bookings made by millions of customers of major international airlines because of a security issue in the Amadeus online booking system found by Safety Detective’s Noam Rotem. Currently, the Amadeus ticket booking system is being used by 141 international airlines which gives…
UK: Computer hacker who targeted former employer ordered to pay £20,000 compensation
Ian Hughes reports: A hacker has been ordered to pay £20,000 compensation to a Warwickshire company he used to work for. Samir Desai, of Grange Drive, Sutton Coldfield, caused ‘significant disruption and financial loss’ to the firm which was not named. The 41 year-old was arrested as part of an investigation by the Regional Cyber…
Cryptopia Notifies Its Users of Security Breach With Substantial Losses
Viraj Shah reports: Cryptopia, a cryptocurrency exchange based in New Zealand recently announced that it had been hacked and suffered significant losses. The exact details of the hack and how much the exchange has lost remain vague at this point with just a few tweets from the exchange providing a small amount of information. Read…
Chinese hackers, APT10, may have struck Keidanren system in 2016
Tatsuya Sudo reports: A Chinese group that has been accused by the U.S. government in a series of cybertheft cases around the world is now suspected in the 2016 hacking of the computer system used by Keidanren (Japan Business Federation). Keidanren officials announced in November 2016 that 23 computers used in the federation’s system had…
Directors and Officers Settle Over Yahoo Hack: A New Chapter in Derivative Litigation?
Craig A. Newman of Patterson Belknap writes: Yesterday, a Superior Court judge in Santa Clara, California approved what is believed to be the first monetary award to a company in a data breach-related derivative lawsuit. Until now, such breach-related derivative cases have settled through a combination of governance changes and modest awards of attorney’s fees. But…