Hisashi Naito and Tatsuya Sudo report: Mitsubishi Electric Corp. has again been hit by a massive cyberattack that may have resulted in the leaking of information related to its business partners. Company officials on Nov. 20 said they were checking the 8,653 accounts of those it has business transactions with to determine if information related…
Category: Business Sector
Thousands of New Zealanders’ email addresses, passwords stolen in data breach
1News reports: A person is claiming to be in possession of 2.6 million email addresses and encrypted passwords from Nitro PDF, of which 4000 are .nz email addresses, cyber security organisation CERT NZ said in an alert this afternoon. “CERT NZ understands there has been further data released in this breach, the details are not yet…
GO SMS Pro — one of the most popular Android messaging apps — just exposed millions of private photos and files
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…
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…