Nate Raymond reports: A Florida man pleaded guilty on Tuesday to charges stemming from his employment with an unlicensed bitcoin exchange that prosecutors say was owned by an Israeli who oversaw a massive scheme to hack companies including JPMorgan Chase & Co. Ricardo Hill, 38, entered his plea in Manhattan federal court to seven counts,…
Category: Business Sector
Fired IT employee offered to unlock data — for $200,000
I think a study I saw recently said about 69% of entities reported data loss or breaches associated with departing employees. Vic Ryckaert reminds us what can happen if you don’t have control of all administrator credentials before you terminate an employee: Indianapolis-based American College of Education fired its information technology employee last year, according to court documents, but…
Dutch Cops to Warn 20,000 of Email Account Hack
Phil Muncaster reports: Police in the Netherlands are set to email 20,000 possible fraud victims urging them to change their account details, after discovering their credentials had been stolen by a man arrested last year on suspicion of multiple cybercrime offences. Police revealed the arrest of the 35-year-old man last October. He was cuffed on suspicion of hacking, fraud…
Zimbabwe computer hacker takes $70k from OK Zim
So Zimbabwe hackers wear hoodies, too, it seems. Oh well….. ZimNews reports: A 33-year-old Chitungwiza based computer hacker Isaiah Marange managed to hack into OK Zimbabwe’s Money Wave System and got away with $70,000. He was remanded to February 14 on $300 bail. Prosecuting, Mr Sebastian Mutizirwa alleged that on Christmas Day last year, Marange…
Details of Data Breach at MrExcel.com
Seen at MrExcel.com, a breach disclosure with some plain English writing and transparency. Although it’s not good if the hack occurred because vBulletin hadn’t been patched/updated, this disclosure is an example of clear and helpful writing. 1) What happened? This is Bill Jelen from MrExcel.com. On the morning of December 6, 2016, our moderators detected…
Showpo accuses former employee of stealing customer data and giving it to new employer
Jessica Sier reports: Online fashion house Showpo is suing one of its former graphic designers and fledgling online retailer Black Swallow for reputational damage and loss of sales alleging the woman stole the entire customer database and passed it on to her new employer. In documents filed with the Federal Court, Showpo claims 24-year-old Melissa…