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Category: Business Sector

Hackers Claim to Have a Stunning 427 Million Myspace Passwords

Posted on May 27, 2016 by Dissent

Lorenzo Franceschi-Bicchierai reports: There’s an oft-repeated adage in the world of cybersecurity: There are two types of companies, those that have been hacked, and those that don’t yet know they have been hacked. MySpace, the social media behemoth that was, is apparently in the second category. The same hacker who was selling the data of more…

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Uber Says New York Can’t Be Trusted With Its Data

Posted on May 25, 2016 by Dissent

A FOIA request has set off another dispute between Uber and the NYS Attorney General’s Office, it seems. Marlene Kennedy reports: Uber has gone to court to ensure confidentiality over records it provided for New York’s investigation of how the ride-sharing service secures data. New York began collecting the information two years ago after media…

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Austrian Firm Fires CEO After $56-million Business Email Compromise Scam

Posted on May 25, 2016 by Dissent

AFP reports: Austrian aircraft parts maker FACC said Wednesday that it has fired its chief executive of 17 years after cyber criminals stole some 50 million euros ($55.7 million) in a so-called “fake president” scam. FACC, whose customers include Airbus, Boeing and Rolls-Royce, said that the its supervisory board sacked Walter Stephan with immediate effect after he…

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Technical report on RUAG breach: malware was from Turla family

Posted on May 24, 2016 by Dissent

More on the defense contractor RUAG breach previously noted on this site. Melani has issued a technical report on the breach that may be of interest to some. From the summary:  The attackers have been using malware from the Turla family, which has been in the wild for several years. The variant observed in the…

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Former Excellon employee’s sentencing delayed in hacking case

Posted on May 23, 2016 by Dissent

Debbie Sklar reports: A sentencing hearing was delayed Monday until Aug. 22 for an Oceanside man who staged repeated attacks on a computer system operated by his former employer, a manufacturer of precision laser and mechanical drilling equipment. Prosecutors are recommending that Conrad Pearson be sentenced to 18 months in federal prison and ordered to pay…

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KE: Safaricom calls for police investigation into data leak

Posted on May 23, 2016 by Dissent

Telecompaper reports: Kenyan operator Safaricom wants the police to investigate how confidential financial documents belonging to the firm were leaked. CEO Bob Collymore said the leaked report was in its initial stages, noting that no individuals or organisations benefited inappropriately from the company. After allegations arose of underhand dealings in Safaricom, Collymore commissioned KPMG to…

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