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Category: Business Sector

Banks’ Class Certification Motion Trumpets Target Data Security Failings, Ignores Impact of Card Association Settlements

Posted on August 26, 2015 by Dissent

Kevin M. McGinty of Mintz Levin writes: Card-issuing banks are forging ahead with their lawsuit against Target arising from the 2013 holiday shopping season data breach.  Their July 1 motion for class certification has just been unsealed, allowing a glimpse at plaintiffs’ version of the events during November and December 2013 that resulted in theft of payment…

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Target: SEC won’t penalize it over 2013 data breach

Posted on August 25, 2015 by Dissent

Evan Ramstad reports: The Securities and Exchange Commission decided not to penalize Target Corp. for the 2013 cyberattack that led to the exposure of data for millions of the retailer’s customers, the company said Tuesday. The agency was one of several governmental entities to investigate the company in the wake of the attack, one of…

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Should Ashley Madison worry about U.S. class actions?: Frankel

Posted on August 25, 2015 by Dissent

Alison Frankel writes: The adultery-encouraging website Ashley Madison is now facing at least five U.S. class actions by users who claim the site failed to protect their confidential information from hackers who have since dumped their names, addresses and sexual predilections onto the Internet. The good news for people burned in the Ashley Madison attack:…

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Aviva ‘revenge’ phone hacker jailed for 18 months

Posted on August 25, 2015 by Dissent

BBC reports: A man has been jailed for 18 months for hacking into 900 phones belonging to the insurance company Aviva. Richard Neale, 40, pleaded guilty to carrying out the attack as revenge after falling out with colleagues. He was previously a director at Esselar, a company contracted by Aviva to run its security network….

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John McAfee: Ashley Madison database stolen by lone female who worked for Avid Life Media

Posted on August 25, 2015 by Dissent

John McAfee opines: Yes, it is true. Ashley Madison was not hacked – the data was stolen by a woman operating on her own who worked for Avid Life Media. The reason that I am so late to the second act of the Ashley Madison affair is that, without a supercomputer, it has taken over…

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Is United Airlines’ Mobile App Secure Enough?

Posted on August 24, 2015 by Dissent

Back in January, United Airlines suspended some Mileage Plus members’ accounts for what they claimed was a breach involving a third party that enabled an attacker to use login credentials to access members’ accounts. Now they may have another problem affecting their Mileage Plus program, it seems. Yosi Dahan of Turrisio writes: During our recent…

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