Lawrence Abrams reports: Photography and personalized photo giant Shutterfly has suffered a Conti ransomware attack that allegedly encrypted thousands of devices and stole corporate data. Although many associate Shutterfly with their website, the company’s photography-related services are aimed at consumer, enterprise, and education customers through various brands such as GrooveBook, BorrowLenses, Shutterfly.com, Snapfish, and Lifetouch. Read…
Category: Business Sector
Phishing victim can’t claim $5 million loss for money it never ‘held’
File this one under how-well-do-you-really-understand-your-cyberinsurance-policy. Barbara Grzincic reports: A commercial-crime insurance policy didn’t cover RealPage for a $5 million phishing loss because the property-management service provider never “held” any of the purloined money, a federal appeals court held. The 5th U.S. Circuit Court of Appeals affirmed a win for AIG’s National Union Fire Insurance Company…
Ninth Circuit overturns $1.7 million restitution order for Russian hacker
Maria Dinzeo reports: Russian hacker Yevgeniy Nikulin is off the hook for $1.7 million in restitution a federal judge ordered him to pay four tech companies whose user databases he breached in 2012. The Ninth Circuit overturned the award Wednesday, finding insufficient support for the amount of resources the companies claim to have spent trying to repair…
Pain and Suffering for a Data Breach? German Court Issues First Decision of Its Kind in Europe.
Odia Kagan of Fox Rothschild writes: A German Court has ordered pain and suffering damages as a result of a data breach, the first decision of its kind in Europe. According to the judgment, Scalable Capital has to pay the plaintiff, represented by consumer organization EuGD Europäische Gesellschaft für Datenschutz mbH, € 2,500 in damages…
Former Uber Chief Security Officer to Face Wire Fraud Charges
SAN FRANCISCO – A federal grand jury handed down a superseding indictment today adding wire fraud to the list of charges pending against Joseph Sullivan for his role in the alleged attempted cover-up of the 2016 hack of Uber Technologies Incorporated, announced Acting United States Attorney Stephanie M. Hinds and FBI Special Agent in Charge…
Ransomware attacks on CompuGroup Medical SE & Co. KGaA
Guenni reports: [German]CompuGroup Medical SE & Co. KGaA, a major medical services provider, has been the victim of a cyberattack. The Koblenz-based medical services provider admitted as much on Monday, Dec. 20, 2021. The internal IT systems are likely affected, which should affect some doctors, pharmacies, labs and clinics if they want to contact the…