AFP reports: An international team of computer hackers and stock traders was charged with pocketing more than $US100 million ($A138 million) in illicit profits based on stolen market-moving financial information, US officials announced Tuesday. The Department of Justice charged nine people in a criminal conspiracy with making more than $US30 million ($A41.43 million) in illegal…
Category: Business Sector
Data Security Firm Hit With Suit Over Cyberattack
Marisa Kendall reports on another investor’s lawsuit: A Silicon Valley company that touted the security of its mobile platform is facing a shareholder class action related to a 2014 data breach. MobileIron Inc. sells software intended to help companies securely manage their employees’ mobile devices. A suit filed last week in Santa Clara County Superior…
Carphone Warehouse hackers ‘used traffic bombardment smokescreen’
Christopher Williams reports: Hackers bombarded Carphone Warehouse with online traffic as a smokescreen while they stole the personal and banking details of 2.4 million people, according to sources with knowledge of the incident. The retailer revealed at the weekend that its security had been breached in a “sophisticated” attack. It is now thought that criminals used a…
OH: Restaurant website hacked by apparent ISIS supporters
Rebecca Butts and Keith BieryGolick report: A Middletown restaurant appeared to have been hacked by a group claiming to support the Islamic State on Sunday. The hack appears to be the work of Team System Dz. The message displayed on the Canal House Bar and Grille‘s website is similar to what hackers put on the…
Tech Firm Ubiquiti Suffers $46M Cyberheist
Brian Krebs reports: Networking firm Ubiquiti Networks Inc. disclosed this week that cyber thieves recently stole $46.7 million using an increasingly common scam in which crooks spoof communications from executives at the victim firm in a bid to initiate unauthorized international wire transfers. Ubiquiti, a San Jose based maker of networking technology for service providers and enterprises,…
Cheatin’ Ain’t Easy: Potential Theories of Liability Emerge for Online Cheating Website Ashley Madison
Joseph F. Welborn III discusses possible theories of liability for lawsuits against Ashley Madison in the wake of its massive databreach. He writes, in part: One interesting theory of liability comes from an old common law tort that has been phased out legislatively in all but seven states – alienation of affections. In fact, this…