Pop Quiz: A company misrepresents what its service can do. An innocent consumer, having relied on their claims, signs up for their service but soon discovers that it cannot do what Sales had assured them it would. Upon discovering the misrepresentation within days of subscribing to the service, the consumer immediately tries to cancel the…
Category: Business Sector
The Post and Courier hacked; Black Suit claims to have 500 GB of data.
The Post and Courier proudly declares itself the main daily newspaper in the South, with a heritage going back to The Courier, founded in 1803, and The Evening Post, founded in 1896. Over its history, The Post and Courier has covered many news stories. But today, they are the story because the Black Suit ransomware…
MGM Resorts sues FTC, agency chair over cyberattack investigation
It’s not the first time a big hospitality chain has pushed back against the Federal Trade Commission in an investigation over a data breach, but it’s happening again. Richard N. Velotta reports that MGM Resorts International has sued the FTC and its top officer, Chairwoman Lina M. Khan. The lawsuit claims the regulator violated the…
Former Security Engineer Sentenced to Three Years for Hacking Two Decentralized Exchanges
Terence Zimwara reports: Shakeeb Ahmed, a former security engineer accused of hacking two decentralized cryptocurrency exchanges, has been sentenced to three years in prison by U.S. District Judge Victor Marrero. Ahmed has also been ordered to forfeit approximately $12.3 million and a significant quantity of cryptocurrency. According to a statement from the U.S. Attorney’s Office, Ahmed must…
Omni Hotels & Resorts attack claimed by Daixin Team; 3.5 million guests’ data stolen (2)
As many people suspected, Omni Hotels & Resorts was the target of a ransomware attack in March. Omni first described the incident as a chain-wide “outage” due to IT issues. By April 1, guests were losing patience with the “outage.” Bleeping Computer noted guests complaining online claiming that they had to send text messages to…
Orrick to Pay $8 Million to Settle Data Breach Class Claims
Peter Hayes reports: Orrick, Herrington & Sutcliffe LLP will pay $8 million to settle consolidated class action claims over a data breach that impacted approximately 461,100 people. Class counsel asked the US District Court for the Northern District of California to approve the settlement in an unopposed motion filed Thursday. The agreement also calls for an award of…