Korea JoongAng Daily reports: LG U+ was hit with 21.6 million won ($20,000) in government fines for a failure to secure customer data, which led to a massive breach and unauthorized sharing of sensitive information. The Personal Information Protection Commission (PIPC) announced Wednesday that it imposed a total of 75 million won in fines on…
Category: Business Sector
Bitter war of words erupts between UK cops and web security expert over alleged flaws in Cyberalarm monitoring tool
Gareth Corfield reports: A war of words has erupted between the National Police Chiefs’ Council (NPCC) and a British web security pro after a senior cop declared it would be “a waste of public money” to keep discussing security flaws in the body’s Cyberalarm product. Paul Moore says he uncovered what he described as a…
In Battle Against Hackers, Companies Try to Deceive the Deceivers
Heidi Mitchell reports: An increasing number of companies are looking at an innovative approach to deal with hackers that break into their computer networks. They lure cybercriminals into thinking they’re getting close to the good stuff—and then they trap them. That’s what Land O’Lakes, the suburban Minneapolis agricultural giant, is doing. Read more on WSJ.
FireEye, a Top Cybersecurity Firm, Says It Was Hacked by a Nation-State
David E. Sanger and Nicole Perlroth report: For years, the cybersecurity firm FireEye has been the first call for government agencies and companies around the world who have been hacked by the most sophisticated attackers, or fear they might be. Now it looks like the hackers — in this case, evidence points to Russia’s intelligence agencies —…
Foxconn electronics giant hit by ransomware, $34 million ransom
Lawrence Abrams reports: Foxconn electronics giant suffered a ransomware attack at a Mexican facility over the Thanksgiving weekend, where attackers stole unencrypted files before encrypting devices. Foxconn is the largest electronics manufacturing company globally, with recorded revenue of $172 billion in 2019 and over 800,000 employees worldwide. Foxconn subsidiaries include Sharp Corporation, Innolux, FIH Mobile, and…
Flight Centre hackathon behind 2017 breach, exposed 6918 customers’ data
Ry Crozier reports: A 2017 data breach at Flight Centre occurred when passport and credit card numbers for 6918 customers were accidentally left in a dataset used by the participants of a hackathon. Details of the breach are revealed in a determination by the Australian Information Commissioner and Privacy Commissioner Angelene Falk that Flight Centre breached Australian…