CCN reports: Earlier this month, major Japanese crypto exchange Zaif was hacked, losing $60 million worth of crypto in user funds. The Financial Services Agency (FSA), the main financial watchdog of Japan, has stated that it regrets allowing Zaif to continue its operation after the exchange was given two warnings to drastically improve its system….
Category: Commentaries and Analyses
Russian hackers ‘Fancy Bear’ now targeting governments with rootkit malware
Zack Whittaker reports: Security researchers say that they have found evidence that for the first time Russia-backed hackers are now using a more sophisticated type of malware to target government entities. ESET presented its case Thursday that the hacker group, known as Fancy Bear (or APT28), is using rootkit malware to target its victims. That…
Government Data Says Millions Of Health Records Are Breached Every Year
Michela Tindera reports: Either hackers want your health data, or companies like health insurers can’t keep that information safe. That’s a according to a new study in the Journal of the American Medical Association. The number of annual health data breaches increased 70% to 344 over the past seven years, with 75% of the breached, lost,…
Breaches Don’t Correlate To Real Results
Joshua Danielson writes: According to Wired, a recent breach at a marketing and data aggregation firm you’ve probably never heard of potentially exposed the personal information of practically every American adult alive today. Such a story has to leave some wondering what the long-term impact is for organizations. I decided to try to find out….
For Hackers, Anonymity Was Once Critical. That’s Changing.
Stephen Hiltner reports: Ask any hacker who’s been around long enough, and there’s a good chance you’ll hear an archetypal story, tinged with regret, about the first time his or her real identity was publicly disclosed. After enjoying years of online anonymity, the hacker known as Grifter was unmasked by a less-than-scrupulous spouse. “Hey, Neil!”…
SingHealth data breach reveals several ‘inadequate’ security measures
Eileen Yu reports: Investigation into Singapore’s most severe cybersecurity breach has uncovered several poor security practices, including the use of weak administrative passwords and unpatched workstations. The findings were revealed on the first day of hearings led by the Committee of Inquiry (COI), a team set up to probe a July 2018 security breach that…