From the SEC: The Securities and Exchange Commission today announced that the entity formerly known as Yahoo! Inc. has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s largest data breaches in which hackers stole personal data relating to hundreds of millions…
Category: Commentaries and Analyses
Seventh Circuit Affirms Dismissal of Schnuck Markets Data Breach Lawsuit
Ashley Miller writes: The United States Court of Appeals for the Seventh Circuit recently affirmed the dismissal of a putative class action brought by financial institutions against Schnuck Markets, Inc., following a data breach impacting Schnuck beginning late 2012. The plaintiffs attempted to assert claims of negligence, negligence per se, various contract claims, and violation…
CYBERSECURITY: DHS Needs to Enhance Efforts to Improve and Promote the Security of Federal and Private-Sector Networks
CYBERSECURITY: DHS Needs to Enhance Efforts to Improve and Promote the Security of Federal and Private-Sector Networks GAO-18-520T: Published: Apr 24, 2018. Publicly Released: Apr 24, 2018. VIEW REPORT (PDF, 22 PAGES) What GAO Found In recent years, the Department of Homeland Security (DHS) has acted to improve and promote the cybersecurity of federal and private-sector…
Careem knew – or should have known – that they had a serious problem last year: researcher
Mark Sutton has some follow-up commentary on the Careem breach reported on this site yesterday: Gregg Petersen of Veeam Software said that not alerting customers to the breach for so long “isn’t acceptable”, and that organisations need to work faster to maintain the trust of their customers. Jordanian cybersecurity expert Raed Nesheiwat also said that…
Ohio Wesleyan Alumnus Using Physics to Improve Safety of Online Information
Gopeka Nair writes: Recent developments in practical quantum computers could pose a threat to encryption techniques that secure online data, including banking and medical information. Ohio Wesleyan University alumnus Taimur Islam ’13 is working to keep such data safe. […] Currently, digital information that’s transmitted is encrypted so it is unintelligible to hackers. The data…
Atlanta spent at least $2.6 million on ransomware recovery
Zack Whittaker reports: Atlanta spent more than $2.6 million on recovery efforts stemming from a ransomware attack, which crippled a sizable part of the city’s online services. The city was hit by the notorious SamSam ransomware, which exploits a deserialization vulnerability in Java-based servers. The ransom was set at around $55,000 worth of bitcoin, a…