I’m still getting caught up with news after being out of town for a few days. Here’s a report I just saw from Suzanne Barlyn of Reuters: The U.S. Commodities Futures Trading Commission (CFTC) said on Friday that a Chicago-based futures brokerage will pay a total of $1.5 million for letting cyber criminals breach the…
Category: Financial Sector
Capital One Hack Prosecution Raises New and Old Questions about Adequacy of CFAA
Timothy H. Gray, Ethan Kisch and Michael F. Buchanan of Patterson Belknap write: On August 28, 2019, almost a month after Paige A. Thompson was arrested based on allegations that she hacked into servers rented by Capital One Financial Corporation, a criminal indictment was returned charging her with one count each of computer and wire…
U.S. jury indicts suspected Capital One hacker on wire fraud, data theft
Reuters reports: A federal grand jury has indicted the suspected hacker who obtained personal information of over 100 million people in the Capital One Financial Corp data breach on charges of wire fraud and computer data theft, the U.S. Department of Justice (DOJ) said on Wednesday. Read more on Reuters. Here’s the DOJ’s press release…
Bulgarian lender Banka DSK fined 1M leva for data breach
The Sofia Globe reports: Bulgaria’s commission for personal data protection said on August 28 that it had fined Banka DSK, the country’s second-largest lender by assets, one million leva (about 511 300 euro) for the “illegal disclosure” of the personal data of its customers. In total, the data of 33 492 customers from 23 270…
Hackers successfully breach tens of thousands of Australian banking accounts
Alex Chapman reports: Tens of thousands of Australians have had their personal information hacked by fraudsters. Details, including phone numbers, names, BSB and account details linked to PayID was breached in recent days. Read more on 7News.
Capital One hacker denied release, will remain in jail
Catalin Cimpanu reports that Paige Thompson, the suspect arrested on accusations of hacking Capital One, will have to remain in jail while awaiting trial. The judge ruled that Thompson was a flight risk, and a threat to herself and others, and should remain detained for the time being. Read more on ZDNet.