Catalin Cimpanu reports: On Friday, April 7, the FBI arrested Zhengquan Zhang, a 31-year-old IT engineer, who now stands accused of installing malware on his employer’s servers to steal proprietary source. Zhang started working for his former employer, KCG Holdings, Inc., in March 2010, first in its New York branch, and then its San Francisco…
Category: Business Sector
Longest sentence ever handed out for hacking: Roman Seleznev Sentenced to 27 Years
There was big news in the world of hacking prosecutions yesterday. The DOJ announced that Roman Seleznev was sentenced to 27 years in prison for computer hacking crimes that reportedly caused more than $169 million in damage to small businesses and financial institutions. Prosecutors had sought a 30-year sentence to send a strong message, and the sentence appears…
Feds seek 30-year sentence for Russian master hacker convicted in Seattle
Mike Carter reports: In Russian cybercrime mastermind Roman Seleznev, the Department of Justice is boasting it finally caught and convicted a big fish in the often impenetrable world of global computer theft — and now the agency intends to make a lesson of him. Federal prosecutors will ask a Seattle judge Friday to sentence the…
Millions of Fashion Fantasy Game accounts exposed in data breach, responsibility thrown to the wind
Charlie Osborne reports on an all-too-common situation: a site or vendor has a data breach and either doesn’t seem to know, despite repeated attempts to alert them, or doesn’t seem to care. In any event, while the world seems to know about a breach, the responsible firm continues on its way as if there is…
InterContinental Hotel Chain Breach Expands
Brian Krebs reports: In December 2016, KrebsOnSecurity broke the news that fraud experts at various banks were seeing a pattern suggesting a widespread credit card breach across some 5,000 hotels worldwide owned by InterContinental Hotels Group (IHG). In February, IHG acknowledged a breach but said it appeared to involve only a dozen properties. Now, IHG has released…
Toll to inspect USBs it suspects aided data theft by former employee
Allie Coyne reports: Freight giant Toll has been given permission to access and inspect eight USB devices it thinks might have been used by an ex-employee to pinch sensitive corporate files. Earlier this month Toll applied for preliminary discovery of USB devices owned by a former national sales manager for its NQX freight forwarding and…