The U.S. Attorney’s Office for the Southern District of New York announced that Evaldas Rimasauskas pled guilty to a fraudulent business email compromise scheme that induced two U.S.-based Internet companies (the “Victim Companies”) to wire a total of over $100 million to bank accounts he controlled. The two companies were not named in the press release…
Category: Business Sector
SD: Dell Rapids Boutique Boosts Security Following Hack; Still Hears From Hacker
A popular South Dakota boutique is urging other small businesses to make sure they have a solid security firewall in place. A hacker targeted The Mason Jar in Dell Rapids just before the busy holiday shopping season last year. And the hacker is still returning to the scene of the cyber-crime. Well, why wouldn’t the…
Data breaches result in CEO pay rises, study shows
Stop the world. I want to get off. Mark Sutton reports: Bosses are more likely to receive a pay rise after their firm suffers a cybersecurity breach, according to a study by the UK’s Warwick Business School. Researchers at Warwick Business School found that media reports of a cyber-attack led to a stock market “shock”…
Hackers hold Norsk Hydro for ransom
Nina Berglund reports: The cyber attack that brought down Norwegian industrial firm Norsk Hydro on Tuesday is believed to have been orchestrated by hackers demanding ransom money, company officials confirmed at an afternoon press conference. Hydro won’t pay, and believes it will be able to get its systems back up and running. “We have good…
UK: Two Birmingham workers fined for separate data protection breaches
From the ICO: Employees could face a criminal prosecution if they access or share personal data without a valid reason, the Information Commissioner’s Office has warned. The warning came after Birmingham Magistrates’ Court fined two workers in separate cases for breaching data protection laws. Faye Caughey, 32, of Ringswood Road, Solihull was employed at the…
NC: Man accused of trying to extort former employer by releasing customers’ private information
WSOCTV reports: A man accused of trying to extort his former employer by threatening to release thousands of people’s personal and private information stood before a federal court judge for the first time Monday morning. The government said Matthew Moebius worked for a Statesville company for 13 years and had access to customers’ information. Court papers…