Katherine Gasztonyi writes: On February 20, the Third Circuit sent a letter to counsel in FTC v. Wyndham Worldwide Corp., identifying at least one topic that will be addressed in the upcoming oral argument regarding the parties’ dispute over whether the FTC has the authority to regulate companies’ data security practices: whether unreasonable cybersecurity practices…
Category: Business Sector
TX: Missouri City Woman Charged with Stealing More Than $1 Million from Former Employer
Michelle Robyn Freytag, 47, was arrested last week, following the return of a 20-count federal indictment alleging wire fraud and aggravated identity theft. The indictment, returned Feb. 11, 2015, alleges Freytag was hired in April 2009 to be the executive assistant for a Houston businessman. Freytag was hired in April 2009, according to the indictment. As…
Controversy over 2006 Ernst & Young breach continues
In September, I reported a case in Canada involving Mark Morris, a man who purchased decommissioned hardware from Ernst & Young in 2006 that he claimed had not been properly wiped. Morris had been employed by Synergy Partners, a firm Ernst & Young bought in 2003. He had purchased at least two servers and dozens of devices…
UK: ICO fines Staysure after hacked card details used for fraud
There’s an update to a breach reported on this site in January 2014: An online holiday insurance company has been fined £175,000 by the ICO after IT security failings let hackers access customer records. More than 5,000 customers had their credit cards used by fraudsters after the attack on Staysure.co.uk. Attackers potentially had access to over 100,000…
Lenovo.com has been hacked, possibly by Lizard Squad (updated)
The Verge reports: Lenovo.com has been hacked. As of 4pm ET, users visiting the site saw a slideshow of disaffected youths, set to the song “Breaking Free” from High School Music. The source code for the page identified it as, “the new and improved rebranded Lenovo website featuring Ryan King and Rory Andrew Godfrey,” both of whom…
Target Says Credit Card Data Breach Cost It $162M In 2013-14
Ingrid Lunden reports: When it comes to data breaches, retailers are one of the biggest targets these days, and today we have some detail on the costs around one of the more high-profile attacks. Target today said that it has booked $162 million in expenses across 2013 and 2014 related to its data breach, in which hackers…