Nicole Perlroth and Mike Isaac report: Months before its technology became the centerpiece of Samsung’s new mobile payment system, LoopPay, a small Massachusetts subsidiary of the South Korean electronics giant, was the target of a sophisticated attack by a group of government-affiliated Chinese hackers. As early as March, the hackers — alternatively known as the…
Category: Business Sector
Who will pay to clean up massive T-Mobile hack?
Eric Scigliano wonders whether anything will be done to waive fees for placing security freezes in the wake of Experian’s hack involving T-Mobile consumer data: Yesterday I asked representatives of Experian, T-Mobile, and the Washington Attorney General’s Office if they might be doing anything to fix this situation. “I’ll have to refer you to Experian on…
T-Mobile customers affected by the Experian breach can sign up with CSID for identity protection services
If you are a T-Mobile customer whose data was caught up in the Experian breach, there is now an alternative to the two-year offer of Experian’s ProtectMyID service. T-Mobile has made arrangements with CSID as an alternative. You can read the details and sign up at https://www.csid.com/t-mobile/ . Thanks to Steve Ragan for sharing that info with me….
California Trucking Executive and Alleged Computer Hacker Arrested for Extorting $40,000 from Chicago-Area Software Company
The president of a southern California trucking company plotted with a Serbian man to extort $40,000 from a Chicago-area software company by hacking into the company’s computer system and threatening to disclose the data, federal authorities announced Friday. STEFAN STOJANOVIC, 20, of Zemun, Serbia, hacked into the company’s servers in May and threatened to expose sensitive…
Chinese businessman pleads guilty to theft of trade secrets
In May, 2015, federal prosecutors arrested Xiwen Huang, and charged him with corporate espionage. At the time, media reported: Huang worked for a company in New Jersey and later a company in Charlotte that he stole trade secret information from, according to court documents. Huang worked on “catalyst” technology for energy technology companies, investigators said. Prosecutors unveiled…
Trustev claims data spotted for sale on dark web likely stolen from Experian/T-Mobile
After the OPM data breach was disclosed, there were reports that some of the stolen data had appeared on the dark web. Later those claims were found to be inaccurate. I wonder if we’re going to see that again with the Experian breach. Mark Sullivan reports: T-Mobile data stolen from the servers of credit bureau Experian is already showing…