Michael Liedtke reports: Yahoo has agreed to pay $50 million in damages and provide two years of free credit-monitoring services to 200 million people whose email addresses and other personal information were stolen as part of the biggest security breach in history. The restitution hinges on federal court approval of a settlement filed late Monday…
Category: Business Sector
Saudi Arabia’s ‘Davos in the Desert’ website was hacked and defaced
Zack Whittaker reports: The website of the Saudi government’s upcoming Future Investment Initiative conference was hacked and defaced with images of the murdered Saudi journalist Jamal Khashoggi. Several reporters tweeted screenshots of the site after its defacement, purporting to show Saudi crown prince Mohammed bin Salman — the kingdom’s de facto ruler — brandishing a sword….
Paytm data theft case: Founder Vijay Shekhar’s kin says stolen data includes ‘photos, financial details’
Priyanka Saha reports: An extortion bid and a threat to leak out “some photos and personal financial details” have led to the arrest of Sonia Dhawan, a long-time secretary of Vijay Shekhar Sharma and the vice president, corporate communications of online payments firm Paytm. Others arrested are her husband Rupak Jain and an admin person…
Bombardier takes Mitsubishi to court, accuses it of ‘data’ theft
The Asahi Shimbun reports: The beleaguered manufacturer of the Mitsubishi Regional Jet is being sued by Canada’s Bombardier Inc. on grounds it unlawfully obtained trade secrets. Montreal-based Bombardier filed a lawsuit Oct. 19 at the U.S. District Court for the Western District of Washington state in Seattle against Mitsubishi Aircraft Corp., claiming the company unlawfully…
Trade.io Suffers a Rare Cold Wallet Hack as it Loses $7.8 Million U.S. Dollars
Nilesh Maurya reports: Unfortunately, hacks have been pretty common with cryptocurrency exchanges across the globe. But what Trade.io, a lesser-known Switzerland-based cryptocurrency platform, suffered was a rare attack as it affected the exchanges cold wallet. According to the post released on the exchanges Medium blog, the exchange’s security team was alerted to a suspicious transaction…
Tumblr’s ‘recommended blogs’ feature exposed user data
Julia Alexander reports: A security bug that hit Tumblr’s recommended blogs module may have exposed users’ private information, according to an open letter. Information like email addresses, passwords, IP addresses, and self-reported locations may have become exposed due to the bug if individual accounts were hit. It’s unclear if the bug affected individual accounts, according…