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Category: Business Sector

West Midlands Police arrest teen allegedly involved with MGM Resorts attack

Posted on July 20, 2024 by Dissent

West Midlands Police in the UK have announced the arrest of a teenager allegedly involved in the attack on MGM Resorts. That attack has been widely attributed to Scattered Spider, although the announcement does not specifically name the group: Officers from our Regional Organised Crime Unit for the West Midlands (ROCUWM) joined officers from the…

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Judge Guts SEC Case Against SolarWinds Over Cyber Practices

Posted on July 19, 2024 by Dissent

Cassandre Coyer reports: A US federal judge dismissed much of the Securities and Exchange Commission’s lawsuit against SolarWinds Corp. that alleged the software provider misled investors about its cybersecurity practices and the significance of a major data breach that spilled into the US government. Thursday’s ruling was seen as a blow to the SEC’s aggressive efforts to regulate…

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Genetic Testing Firm 23andMe Settles Data Breach Lawsuits

Posted on July 17, 2024 by Dissent

Amanda Bronstad reports: 23andMe has reached a settlement in principle of class actions brought over last year’s data breach, lawyers disclosed at a Tuesday court hearing in San Francisco. The amount and details of the settlement weren’t disclosed, but, in its annual report this year, 23andMe revealed it had $216 million in cash. At a…

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Bassett Furniture shuts down manufacturing facilities after ransomware attack

Posted on July 17, 2024 by Dissent

Jonathan Greig reports: One of the largest furniture companies in the U.S. was forced to shut down its manufacturing facilities following a ransomware attack that began last week. Bassett Furniture Industries said it shut down some of its information technology systems after it discovered unauthorized access on July 10. The hacker “disrupted the Company’s business…

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Car dealer software slinger CDK Global said to have paid $25M ransom after cyberattack

Posted on July 17, 2024 by Dissent

Matthew Connaster reports: CDK Global reportedly paid a $25 million ransom in Bitcoin after its servers were knocked offline by crippling ransomware. Last week, CDK restored services to car dealerships across the US after a two-week outage caused by a “cyber incident” that looked a lot like a ransomware infection. The shutdown of CDK’s software platform caused…

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Hackers claim Disney data theft in protest against AI-generated artwork

Posted on July 16, 2024 by Dissent

Alex Hern reports: Hacktivists claim to have stolen more than a terabyte of data from Disney’s internal chat platform and are leaking the information online in a protest against what they say is the company’s anti-artist stance. The group, which calls itself NullBulge, has been active since at least May. It claims to be motivated…

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