So you hired someone to work for your firm and they turned out to be a sophisticated scammer who scammed your customers? And you think you shouldn’t be held liable for any money your customers lost in the scam? Well, if you’re in Australia, think again. Aisha Dow reports: Banking giant HSBC may have to…
Asmahan Qarjouli reports: The Qatar Financial Centre’s (QFC) Data Protection Office (DPO) has issued a $150,000 fine on a company under its license following a data breach that enabled access to personal data. The measures, the first of their kind in Doha, were taken by DPO on Tuesday following an investigation that detected breaches of…
AMB Crypto reports: In a significant breach, hackers exploited Indonesian cryptocurrency exchange Indodax, stealing around $20.5 million in digital assets. The attack primarily targeted the exchange’s hot wallets, which are online wallets used for daily transactions. Among the stolen assets were 9 billion Shiba Inu [SHIB] tokens, reflecting the hacker’s deliberate choice to target popular cryptocurrencies. Other…
Matthew Karnitschnig reports: A massive cyberattack that hit Iran last month threatened the stability of its banking system and forced the country’s regime to agree to a ransom deal of millions of dollars, people familiar with the case say. An Iranian firm paid at least $3 million in ransom last month to stop an anonymous…
Ouch. Rachna Dhanrajani reports: India’s cryptocurrency exchange WazirX, on Monday, revealed that 43% of customer funds lost in a recent cyberattack are unlikely to be recovered. In a virtual press conference, the exchange announced it is undergoing a restructuring process, which could take up to six months. They are also in discussions with a potential…
Bill Toulas reports: Patelco Credit Union warns customers it suffered a data breach after personal data was stolen in a RansomHub ransomware attack earlier this year. Though the organization did not name the attackers, the RansomHub gang claimed responsibility on August 15, 2024, when they published all of the stolen data on their extortion portal….