A grand jury in the Southern District of New York indicted seven Iranian individuals who were employed by two Iran-based computer companies, ITSecTeam (ITSEC) and Mersad Company (MERSAD), that performed work on behalf of the Iranian Government, including the Islamic Revolutionary Guard Corps, on computer hacking charges related to their involvement in an extensive campaign…
Category: Financial Sector
Jury Awards Calif. Mortgage Co. $25M For Rival’s Data Theft
There’s a follow-up to an insider theft case previously noted on this site. Y. Peter Kang reports: A California state jury on Tuesday awarded $25.1 million in damages to Mount Olympus Mortgage Co., finding rival mortgage lender Guaranteed Rate Inc. liable for illegally transferring hundreds of private consumer loan files from MOMCo’s computer systems, according…
Shared Passwords Almost Cost The Bank Of Uganda 24 Million Dollars
Eric Mugendi reports: Unknown individuals have made four attempts to illegally transfer US$24 million (UGX81 billion) from the Bank of Uganda to accounts located outside the country. Officials within the Government of Uganda are believed to have shared passwords with tech-savvy individuals who then logged in to the financial management system and targeted the accounts of the…
Hackers Strip Nigerian Exchange Of $15,000 Worth Of Bitcoins
Iyke Aru reports: CEO of the Nigerian Bitcoin exchange, Naira4Dollar, Ejezie Sunday has allegedly had $15,000 worth of Bitcoins stolen from his company’s wallet on blockchain.info. Hackers are getting more sophisticated, and recovering stolen funds is a complicated procedure. Sunday told CoinTelegraph: “We ran out of stock on Tuesday March 15, 2016, and had to buy $15,000 worth of Bitcoins, valued at…
Security researcher investigating Bangladesh central bank cyber-heist kidnapped? (UPDATED)
Researching and reporting on data breaches has always had some element of risk attached. You can get accused of hacking, or you can get threatened with litigation. In Brian Krebs’s case, you can find yourself swatted. Or in my case, you can get threatened with infection of HIV. But with the exception of swatting, the rest pales…
CA: Man pleads guilty to bank fraud, aggravated identity theft
Hoa Quach reports: The lead defendant in a fraud case involving Wells Fargo employees who stole customer account data that was used to impersonate victims and steal money from their accounts is due to be sentenced in July after pleading guilty to federal charges. Ronald Charles Reed, 69, of Inglewood pleaded guilty Thursday in U.S….