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Category: Business Sector

Boy, 17, who showed cyber criminals how to carry out a £42m attack on TalkTalk is given a 12 month rehabilitation order and has his phone confiscated

Posted on December 13, 2016 by Dissent

Thomas Burrows reports: A 17-year-old boy who hacked TalkTalk has been given a 12-month youth rehabilitation order and had his iPhone and computer hard drive confiscated for his role in the multi-million pound data breach. The boy, who was 16 at the time, used a software ‘hacking tool’ which uncovered the weakness before posting details…

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Heritage Auction House Sues Christie’s and Collectrium Over Data Theft

Posted on December 13, 2016 by Dissent

Brian Boucher reports: Dallas-based Heritage Auctions has filed suit against Christie’s accusing the auction giant of harboring a large trove of sales data stolen by the operators of its Collectrium database. The suit alleges that Collectrium staffers used various accounts, one of them registered under the name of the silver-screen spy Jason Bourne, to pilfer data…

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CoStar Sues Longtime Competitor Xceligent, Alleging Data Theft

Posted on December 13, 2016 by Dissent

Peter Grant reports: CoStar Group Inc., one of the world’s largest commercial real-estate data companies, has taken direct aim at longtime competitor Xceligent with a lawsuit alleging Xceligent has been involved in “brazen and widespread theft” of its data and photos, according to legal papers filed Monday night. Read more on WSJ.

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Yahoo to Defend Massive Data Breach on Home Court

Posted on December 13, 2016 by Dissent

Daniel R. Stoller reports: Yahoo! Inc. will be defending multidistrict consumer data breach claims in its home territory in the federal trial court based in Silicon Valley ( In re Yahoo Customer Data Sec. Breach Litig. , J.P.M.L., No. No, 2752, transfer order 12/7/16 ). The U.S. Judicial Panel on Multidistrict Litigation assigned Judge Lucy Koh of…

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PwC sends ‘cease and desist’ letters to researchers who found critical flaw

Posted on December 13, 2016 by Dissent

Zack Whittaker reports: A security research firm has released details of a “critical” flaw in a security tool, despite being threatened with legal threats. Munich-based ESNC published a security advisory last week detailing how a remotely exploitable bug in a security tool, developed by auditing and tax giant PwC, could allow an attacker to gain unauthorized access…

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CA: University student indicted for DDoS attacks on Bay area online chat service (updated)

Posted on December 12, 2016 by Dissent

SAN FRANCISCO – Sean Krishanmakoto Sharma, a graduate student in computer science, has been indicted for transmitting a program, information, code, or command causing damage to a protected computer announced United States Attorney Brian J. Stretch and Federal Bureau of Investigation (FBI) Special Agent in Charge John F. Bennett.  The indictment, filed December 1, 2016,…

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