Cyrus Farivar reports: Two Russian men convicted of their involvement in a massive hack of the Nasdaq stock exchange, Citibank, and other major companies have been given hefty sentences. The two men, Vladimir Drinkman and Dmitriy Smilianets, pleaded guilty in 2015. On Wednesday, Drinkman was sentenced to 144 months, while Smilianets was given 51 months. Read more…
Category: Financial Sector
NL: Youth, 18, arrested in probe into last week’s tax office cyber attack
An 18-year-old youth from Oosterhout has been arrested on suspicion of involvement in some of last week’s cyber attacks on the tax office and IT news site Tweakers. The youth, who was picked up last Thursday by the police high tech crime unit, is also thought to have been behind a string of other attacks…
Conspirator Who Hacked Mortgage Brokers Sentenced in Computer Hacking and Wire Fraud Scheme
From a January 19 press release from DOJ: Victor Alejandro Fernandez was sentenced in federal court today to 129 months in custody for his involvement in a conspiracy to steal and misuse mortgage customers’ sensitive personal information. Fernandez was charged along with Jason Ray Bailey, John Gordon Baden and Joel Nava with conspiracy to commit…
Former Santander bank manager pleads guilty to computer misuse crimes
Gareth Corfield reports: A former Santander bank manager has pleaded guilty to £15,000 worth of computer misuse crimes after her boyfriend talked her into giving him illicitly obtained customer information. This morning at the City of London Magistrates’ Court in England, Abiola Ajibade, 24, of Martock Court, Consort Road, Southwark, pleaded guilty to “causing a…
China’s cyber watchdog scolds Ant Financial over user privacy breach
Reuters reports: Jan. 10 – China’s cyber watchdog has scolded Ant Financial, Alibaba’s payment affiliate, for compromising user privacy after many users of its Alipay service were automatically enrolled in its credit scoring system. The Cyberspace Administration of China (CAC) said in a statement it had summoned Ant Financial representatives to a meeting last Saturday…
Federal Appeals Court Slams Data Breach Privilege Claim
Craig A. Newman writes: In the most recent object lesson in a data breach privilege case, a federal appeals court has ordered a Michigan-based mortgage lender to turn over privileged forensic investigatory documents after the investigator’s conclusions were revealed in discovery. Background. In the case, Leibovic v. United Shore Financial Services, LLC, et al, No. 17-2290,…