Ding Yining reports: Over 25 million Chinese mobile phone users were affected by online payment-related spyware and there were about 326,000 kinds of newly created mobile payment malware last year, an industry report showed. Last year, more than 16.7 million smartphone-related viruses or malicious software emerged, according to the online payment “black industry” report released by…
Category: Financial Sector
Numerous Cambodian sites defaced and hacked by Cyber TeamRox
Mech Dara and Daniel de Carteret report: A group of online hackers calling themselves Cyber TeamRox have breached several local websites over the past two days, including those of the Cambodian Navy, AEON Microfinance and Build Bright University. In what appears to be a random selection of targets, a hacker with the group using the alias Harith101,…
26-year-old Turkish hacker sentenced to record 334 years in prison for ID theft, bank fraud
If you thought our federal prosecutors over-charge under the CFAA and/or seek unreasonable prison terms for hacking, read this story in the Daily Sabah: … Onur Kopçak was sentenced Sunday to 135 years in prison for stealing 11 people’s credit card information and selling it to other cyber criminals. With this new sentence approved by the…
Korea opens pan-industry center for credit data protection and security
Lee Sun-young reports: Korea Credit Information Services, a pan-industry body tasked with data preservation and protection, was launched in Seoul on Tuesday amid mounting calls for data security after a series of large-scale information leaks. The new entity will act as a centralized data center for personal credit information, taking over data collected and preserved…
Security Breach At Quincy Credit Union Investigated
Jim Smith reports: Authorities continue to investigate a security breach at the Quincy Credit Union, a breach that gave hackers access to hundreds of accounts. It was a busy day at the credit union on Monday as customers came in to get their accounts checked, and in some cases, get new ATM and debit cards. WBZ found…
Ex-Morgan Stanley Adviser Avoids Prison Over Theft of Data
Chris Dolmetsch reports the latest on Galen Marsh’s case: A fired Morgan Stanley financial adviser who downloaded client information to a home server to give his job search a boost was sentenced to three years’ probation for accessing the bank’s computer network without permission. Galen Marsh, who prosecutors say called the stolen data “the world’s best…