Lorenzo Franceschi-Bicchierai and Jason Koebler report: Facebook disclosed that hackers stole data from 50 million people on Friday. In a blog post, Facebook’s vice president of product management Guy Rosen said that the company’s engineering team “discovered a security issue affecting almost 50 million accounts.” “It’s clear that attackers exploited a vulnerability in Facebook’s code…
Category: Business Sector
Japan Gov’t Outraged by $60m Crypto Hack of Zaif, Regrets Lack of Suspension
CCN reports: Earlier this month, major Japanese crypto exchange Zaif was hacked, losing $60 million worth of crypto in user funds. The Financial Services Agency (FSA), the main financial watchdog of Japan, has stated that it regrets allowing Zaif to continue its operation after the exchange was given two warnings to drastically improve its system….
Teen Apple Hacker Avoids Jail in Australia After Serious Attacks
David Stringer reports: An Australian teenager who hacked Apple Inc. systems over several months and downloaded sensitive data avoided a jail term Thursday, as a court heard he was fascinated by the tech giant and found accessing its networks addictive. The now adult defendant, who was 16 at the time the hacking began, accessed Apple’s…
Voya pays $1 million to settle SEC charges over 2016 cybersecurity breach
Ryan W. Neal reports: Voya Financial Advisors will pay $1 million to settle Securities and Exchange Commission charges regarding a data security breach that compromised the personal information of thousands of customers. An SEC order says that over a period of six days in April 2016, criminals impersonating independent advisers called the firm’s support line…
Chegg resets 40 million user passwords after data breach
Zack Whittaker reports: Chegg, a technology giant specializing in textbook rental, has confirmed a data breach affecting some 40 million customers. In a filing with the Securities and Exchange Commission, the company said it will reset all user passwords after hackers gained access to the company’s customer database. That database includes users for Chegg’s website…
Uber settles with all 50 states and the District of Columbia over massive 2016 data breach. The price tag? $148 million.
Uber Technologies Inc. will be paying a steep fare for its 2016 data breach. Here’s the press release from the NYS Attorney General’s Office about the record penalty it will pay. All states and the District of Columbia are party to the settlement. Settlement with 50 States & DC Also Requires Uber to Adopt Model Data…