Jan Vermeulen reports: Absa has sent a notice to several new clients found to be affected by a November 2020 data leak, when a former employee gave people’s personal information to a platform that sold it to third parties. The former Absa staff member behind the leak was a credit analyst who had access to risk modelling systems…
Category: Financial Sector
Credit Suisse denies wrongdoing after big banking data leak
BBC reports: Credit Suisse has hit out after a massive data leak has brought to light the hidden wealth of several clients of the bank. Data on more than 18,000 bank accounts, holding more than $100bn (£73.6bn), was leaked to German newspaper Süddeutsche Zeitung by a whistleblower. It includes personal, shared and corporate accounts, as well as…
Elephant Beetle: Stealthy Hacker Group Stole Millions Undetected
Damir Mujezinovic reports: Israeli cybersecurity firm Sygnia released a report in January 2022 revealing that a hacker group dubbed Elephant Beetle siphoned off millions from businesses in the financial sector in Latin America. […] To carry out its Java-based attacks, Elephant Beetle uses a wide arsenal of more than 80 unique tools and scripts, the researchers wrote…
Ukrainian defense ministry hit by DDoS during tense standoff with Russia
Corin Faife reports: On Tuesday, Ukraine’s Ministry of Defence suffered from a DDoS attack that prevented users from accessing its website, and two Ukrainian banks lost access to online banking services, according to statements from the government. In a tweet posted at around 7PM local time (12PM ET), the Ukrainian Ministry of Defence said that its website…
Houstonian sent to prison for fraud schemes totaling nearly $2M
There is an update to a case involving the Teton School District that was first reported in 2018. Although the FBI was able to recover some of the stolen funds for the district, this was not the first time the district had suffered this type of breach. But at least now the threat actor responsible…
One year after it started, LendUs discloses that they had a breach
As you read the following press release, note that they do not tell us when they first discovered that there might have been a security breach or incident. Nor do they tell us how they first discovered it. And what’s with this “out of an abundance of caution” claim? If you can’t figure out what…