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…
Category: Financial Sector
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…
Flagstar Bank discloses data breach impacting 1.5 million customers
Bill Toulas reports: Flagstar Bank is notifying 1.5 million customers of a data breach where hackers accessed personal data during a December cyberattack. Flagstar is a Michigan-based financial services provider and one of the largest banks in the United States, having total assets of over $30 billion. Read more at Bleeping Computer.
Quebec court approves $200.9M settlement against Desjardins over data breach
The Canadian Press reports: The Superior Court of Quebec has approved a nearly $200.9-million settlement of a class-action lawsuit against Desjardins over a data breach — the largest to date in the Canadian financial services sector. Siskinds Desmeules and Kugler Kandestin say everyone affected by the breach, regardless of where they live, will be eligible to claim….
LA: Third party data breach compromises local checking accounts
Jade Moreau reports: Lake Charles, LA (KPLC) – Numerous reports of bank account fraud are circulating throughout Southwest Louisiana. 7 News has heard many complaints from people who say their checking accounts may have been involved in a data breach. One area bank even said they had dozens of people closing accounts and creating new…
After a Breach, One Company’s Cybersecurity Claims Got Referenced in a Lawsuit
Joe Jabara writes: So it starts….with literally billions of dollars lost through cryptocurrency frauds and security breaches, it was only a matter of time before we started seeing a wave of litigation. On Monday, a case was brought in the United States District Court, Southern District of New York, by IRA Financial Trust against Gemini Trust Company…