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…
Category: Business Sector
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…
Golden State Risk Management Authority notifying members of Systema Software incident
Despite having been notified almost one month ago by Chris Vickery and/or Systema Software, some entities whose databases were exposed on AWS by Systema Software still do not appear to have issued public statements about the incident. Nor have I seen any reports appearing on HHS’s public breach tool. But in a statement posted on its…
No, the Experian hack did NOT go on for over two years: it happened last month
In reading a lot of the coverage of Experian’s breach affecting those who applied for T-Mobile USA accounts, I noticed that some journalists and others seemed to interpret Experian’s statement as indicating that the data were hacked/accessed over a two-year period (from September 2013 to September 2015). As I noted to a commenter earlier today,…
FTSE heads for weekly rise but Experian drops on US data breach
It’s always interesting to see if a company’s stock prices take any hit from a breach. Nick Fletcher reports on The Guardian: Leading shares are moving higher ahead of the US jobs data, with banks boosted by news of a deadline being set for consumers to claim for mis-sold payment protection insurance. But Experian has dropped more…