Bowen Xiao and Joshua Philipp report: In 2014, five Chinese military hackers were indicted for offenses that included computer hacking and economic espionage. The hackers targeted Americans in various industries, such as nuclear and solar, and marked the first time criminal charges were brought against Chinese military hackers for cyberattacks. They were never taken to trial. The individuals were…
Category: Commentaries and Analyses
UK: Bupa Insurance Services fined £175,000 for systemic data protection failures
From the U.K. Information Commissioner’s Office: Bupa Insurance Services Limited (Bupa) has been fined £175,000 by the Information Commissioner’s Office (ICO) for failing to have effective security measures in place to protect customers’ personal information. Between 6 January and 11 March 2017, a Bupa employee was able to extract the personal information of 547,000 Bupa…
Japan Gov’t Outraged by $60m Crypto Hack of Zaif, Regrets Lack of Suspension
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….
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….