Klaus T. Mende reports (translation): Michael Weinig AG in Tauberbischofsheim fell victim to an “organized cyber attack” over the weekend. This was confirmed by Andre Engert, press spokesman for the world’s largest manufacturer of machines and systems in solid wood processing. “The necessary steps were taken immediately and the attack was countered with fast, targeted…
Category: Business Sector
KR: Telecom LG U+ fined as a third party downloads and sells customer data
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…
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…