Lauren Silva and Abraham Jewett report a settlement in Robinhood class-action litigation. Robinhood agreed to pay as much as $20 million to resolve claims the stock trading platform failed to prevent a 2020 data breach. The settlement will provide thousands of hacked Robinhood customers with both compensation and two years of credit monitoring and identity…
Category: Business Sector
Experian, You Have Some Explaining to Do
Brian Krebs writes: Twice in the past month KrebsOnSecurity has heard from readers who’ve had their accounts at big-three credit bureau Experian hacked and updated with a new email address that wasn’t theirs. In both cases the readers used password managers to select strong, unique passwords for their Experian accounts. Research suggests identity thieves were able to…
Uber broke laws, duped police and secretly lobbied governments, leak reveals
Harry Davies, Simon Goodley, Felicity Lawrence, Paul Lewis and Lisa O’Carroll report: A leaked trove of confidential files has revealed the inside story of how the tech giant Uber flouted laws, duped police, exploited violence against drivers and secretly lobbied governments during its aggressive global expansion. The unprecedented leak to the Guardian of more than 124,000 documents…
Don’t Put All Your Eggs in the Silent-Cyber Basket
William P. Sowers Jr. and Michael S. Levine of Hunton Andrews Kurth write: The Eastern District of Pennsylvania recently gave another reminder why cyber insurance should be part of any comprehensive insurance portfolio. In Construction Financial Administration Services, LLC v. Federal Insurance Company, No. 19-0020 (E.D. Pa. June 9, 2022), the court rejected a policyholder’s attempt…
Mangatoon data breach exposes data from 23 million accounts
Lawrence Abrams; Comic reading platform Mangatoon has suffered a data breach that exposed information belonging to 23 million user accounts after a hacker stole it from an unsecured Elasticsearch database. Mangatoon is also a very popular iOS and Android app used by millions of users to read online Manga comics. Read more at BleepingComputer. Interestingly,…
Graff paid £6m ransom fee to Conti, now sues Travelers for refusing to reimburse
Sam Lewis reports: It has been revealed that high-end British jeweller Graff paid out a ransom fee topping £6 million in a well-publicised cyber attack last year. It emerged in November 2021 that Graff had been the target of Russian hackers who had gained possession of data pertaining to many of Graff’s high-profile customers. The incident is…