James Gelinas reports: Data leaks are bad enough, but it officially becomes a security nightmare when one affects hundreds of millions of users. Earlier this year, an unsecured server belonging to Microsoft exposed the data of more than 250 million users. This included email addresses that hackers and scammers could use for criminal activities. Tap or…
Category: Business Sector
Mount Locker ransomware now targets your TurboTax tax returns
Lawrence Abrams reports: The Mount Locker ransomware operation is gearing up for the tax season by specifically targeting TurboTax returns for encryption. Mount Locker is a relatively new ransomware operation that began infecting victims in July 2020. Like other human-operated ransomware gangs, the Mount Locker gang will compromise networks, harvest unencrypted files to be used for…
Ca: The former Coop fédérée is the target of cyber hackers
Victoria Smith reports: Quebec’s largest agricultural company, Sollio Groupe coopératif, suffered a ransomware attack on November 7. The cyber hackers are threatening to publish the mass of data they have stolen in [now less than two days]. Sollio, formerly La Coop fédérée, thus becomes the largest business victim of a cyberattack in Quebec in 2020….
Ongoing Data Breach Dispute Underscores Emerging Legal Issues in Data Privacy Litigation
Aaron C. Garavaglia of Squire Patton Boggs writes: From consumers and merchants to financial institutions and investors, fraud is a global problem that damages healthy economic growth. Two sobering statistics illustrate that as the world has become more connected, fraud has only proliferated. In 2001, the FTC received 137,306 reports of fraud. In 2019, that number increased…
Ransomware attack forces web hosting provider Managed.com to take servers offline
Catalin Cimpanu reports: Managed.com, one of the biggest providers of managed web hosting solutions, has taken down all its servers in order to deal with a ransomware attack, ZDNet has learned today. The attack took place on Monday, November 16, and the ransomware impacted the company’s public-facing web hosting systems, resulting in some customer sites having their…
Crypto trading platform Liquid hacked
Finextra reports: Crypto trading platform Liquid is advising customers to change their passwords and 2FA credentials after being hacked in a domain name hosting attack. In a notice published on its Website, Liquid CEO Mike Kayamori, says a domain name hosting provider inadvertently transferred control of the account to a malicious actor who subsequently changed…