Dan Robinson reports: Banks in the US paid out nearly $1.2 billion in 2021 as a result of ransomware attacks, a marked rise over the year before though it may simply be due to more financial institutions being asked to report incidents. The figures come from the most recent Financial Trend Analysis report [PDF] on ransomware from…
Category: Financial Sector
Bank of Brasilia Attacked by Ransomware Demanding 50 BTC
Rajeesh Khanna reports: On October 3, ransomware infected the Bank of Brasilia, a government-controlled bank in Brazil. The hackers wanted 50 BTC in exchange for not releasing customer data. Local news outlet Tecmundo claims that a hacker identified as “Crydat” contacted them, demanding payment of 5.2 million Brazilian reais by October 6 at 15:00. In…
Hacker steals $566 million worth of crypto from Binance Bridge
Lawrence Abrams reports: Hackers have reportedly stolen 2 million Binance Coins (BNB), worth $566 million, from the Binance Bridge. Details are scant at the moment, but the attack appears to have started at 2:30 PM EST today, with the attacker’s wallet receiving two transactions [1, 2], each consisting of 1,000,000 BNB. Soon after the hacker began spreading some…
Bankrupt Crypto Lender Celsius Reveals Thousands of Users’ Transaction Histories in Court Filing
Will McCurdy reports: Troubled crypto lender Celsius has revealed the names and transaction history of hundreds of thousands of its customers in a court filing. The 14,500-page long document contained information such as customer names, crypto wallet IDs, transaction types and amounts, which services the customer had used, and the types and quantities of tokens held. Read…
Third servicer entangled in massive data breach litigation
Andrew Martinez reports: The legal fallout from a massive data breach impacting over 4 million borrowers’ personally identifiable information just got bigger. A federal judge Monday ordered a class action lawsuit against Community Loan Servicing be folded into a larger, similar suit against two of its sister companies, according to court records. The consolidated complaints from…
British teenager, 18, denies creating computer virus that crashed hundreds of institutions when he was just 14
David O’Dornan and Paul Higgins report: A teenager today denied creating a computer virus which allegedly ‘crashed hundreds of financial institutions across the world when he was just 14 years old. Josh Maunder, now 18, from Abbey Park in Bangor, Co Down in Northern Ireland, entered not guilty pleas to each of the 21 charges against…