Jonathan Stempel reports: U.S. authorities on Tuesday charged several individuals and companies in a scheme to trade on information in nonpublic corporate press releases by hacking into a U.S. Securities and Exchange Commission database. In a filing with the U.S. District Court in Newark, New Jersey, the SEC said individuals in the United States, Russia…
Category: Hack
UK: Computer hacker who targeted former employer ordered to pay £20,000 compensation
Ian Hughes reports: A hacker has been ordered to pay £20,000 compensation to a Warwickshire company he used to work for. Samir Desai, of Grange Drive, Sutton Coldfield, caused ‘significant disruption and financial loss’ to the firm which was not named. The 41 year-old was arrested as part of an investigation by the Regional Cyber…
Cryptopia Notifies Its Users of Security Breach With Substantial Losses
Viraj Shah reports: Cryptopia, a cryptocurrency exchange based in New Zealand recently announced that it had been hacked and suffered significant losses. The exact details of the hack and how much the exchange has lost remain vague at this point with just a few tweets from the exchange providing a small amount of information. Read…
Artificial intelligence vs. the hackers
Dina Bass of Bloomberg reports: Last year, Microsoft Corp.’s Azure security team detected suspicious activity in the cloud computing usage of a large retailer: One of the company’s administrators, who usually logs on from New York, was trying to gain entry from Romania. And no, the admin wasn’t on vacation. A hacker had broken in….
Chinese hackers, APT10, may have struck Keidanren system in 2016
Tatsuya Sudo reports: A Chinese group that has been accused by the U.S. government in a series of cybertheft cases around the world is now suspected in the 2016 hacking of the computer system used by Keidanren (Japan Business Federation). Keidanren officials announced in November 2016 that 23 computers used in the federation’s system had…
Directors and Officers Settle Over Yahoo Hack: A New Chapter in Derivative Litigation?
Craig A. Newman of Patterson Belknap writes: Yesterday, a Superior Court judge in Santa Clara, California approved what is believed to be the first monetary award to a company in a data breach-related derivative lawsuit. Until now, such breach-related derivative cases have settled through a combination of governance changes and modest awards of attorney’s fees. But…