Amy Brown Doolittle of Squire Patton Boggs writes: As we have discussed here at CPW, one of the biggest challenges facing a plaintiff in a data breach class action is to establish an injury from the alleged data breach. Earlier this week, in David De Midicis v. Ally Bank & Ally Fin., Inc., 2022 U.S. Dist. LEXIS…
Category: Financial Sector
DeBridge Team Foils Possible Lazarus Group Cyberattack
Tom Carreras reports: North Korean hacking syndicate Lazarus Group is thought to be behind a failed cyberattack on deBridge Finance yesterday. […] According to Smirnov, several members of the deBridge team received emails yesterday with PDFs attached to them entitled “New Salary Adjustments.” Downloading the file and submitting password information would have unleashed a data-collecting…
Hackers Posing as Merkel Target ECB’s Lagarde – German Source
Francesco Canepa and Andreas Rinke of Reuters report: Unidentified hackers attempted to trick European Central Bank President Christine Lagarde into letting them open a messaging app account in her name by posing as former German chancellor Angela Merkel, a German source said on Tuesday. The plot was quickly foiled without any information being compromised, an…
Expensive week for Carnival Corp: a $1.25 million settlement with states over one breach, then a $5 million settlement with New York for violating state cybersecurity regulation
It seems this was the week for following up on Carnival Corporation breaches. Earlier this week, state attorneys general announced a $1.25 million multistate settlement with the cruise line over a 2019 data breach first disclosed in 2020. But there was other news concerning the cruise line this week, too. On Friday, the New York…
FBI investigating $100 million theft from blockchain company Harmony
Jonathan Greig reports: Blockchain company Harmony said $100 million in cryptocurrency was stolen from the platform on Thursday evening. The company said the FBI is now investigating the theft alongside several cybersecurity firms. A cross-chain bridge – also known as a blockchain bridge – allows people to transfer tokens, assets, smart contract instructions and data…
Teenager, 18, is charged with creating computer virus which ‘crashed hundreds of financial institutions including Nationwide bank and server hosting boxing match between rapper KSI and YouTube star Logan Paul’
David O’Dornan and Paul Higgins report: A teenage boy was today charged with creating a computer virus which ‘crashed hundreds of financial institutions’ across the world. Although he did not appear at Newtownards Magistrates Court in Northern Ireland, 18-year-old Josh Maunder was charged with 21 offences. They included 13 charges of doing an unauthorised act…