Jon Marino reports: A big Wall Street technology firm is being sued after allegedly falling for a run-of-the-mill email scam and wiring client funds to hackers. SS&C Technologies, a $6 billion market capitalization company that bills itself as “the most comprehensive powerhouse of software technology in the financial services industry,” was duped by China-based hackers…
Category: Phishing
Seagate sued by its own staff for leaking personal info to identity thieves
Shaun Nichols reports on a lawsuit filed by Seagate employees whose W-2 information was given to criminals who successfully tricked an employee via business email compromise. The suit [PDF], originally filed in July through the Northern California District Court, accuses the hard drive maker of negligence and unfair business practices stemming from the March 1, 2016…
Leoni AG victim of business email compromise – €40 million lost
Marika Samarati reports: Leoni AG, one of the world’s leading wire and cable manufacturers, fell victim to an email scam that cost the company 40 million euros. According to a press release, “Leoni AG realised on Friday 12 August 2016 that it had become the victim of fraudulent activity with the help of falsified documents…
KR: ‘Interpark hack was spearphishing scam’
There’s an update to the Interpark hack reported previously on this site. Won Ho-jung reports: A strategy known as spearsphishing was used in the hacking incident that leaked the personal information of over 10 million consumers registered with e-commerce site Interpark, according to the ICT Ministry and the Korea Communications Commission on Wednesday. According to the…
Four years later, case still open in SC Dept. of Revenue data breach
Tim Smith reports: Four years after South Carolina’s tax agency suffered the worst data breach in state history, 5 million attempts are made each week to gain unauthorized access to state government computers, which hold vast amounts of personal data belonging to taxpayers, employees and members of the public. […] Four years later, the…
Haeco Says Employees Can’t Sue Over Phished W-2 Data
I was wondering how many lawsuits we might see by employees whose firms fell for phishing schemes involving W-2 data. From what Law360 reports, HAECO employees did sue their employer, who’s arguing that the employees can’t sue for invasion of privacy because the employees had given their information to their employer willingly. Okay, that defense…