Omkar Godbole reports: Large amounts of bitcoin stolen from the cryptocurrency exchange Bitfinex six years ago were moved by hackers early on Tuesday. “So far this morning, 94,643.29 bitcoins ($3.55 billion) have been moved in 23 transactions, from a wallet associated with a theft from Bitfinex in 2016, to a new address,” blockchain analytics firm…
Category: Of Note
Mobile phone operator Cosmote and parent company OTE fined by Hellenic DPA over 2020 data breach slapped with fine over data breach
Ekathimerini reports: Mobile phone operator Cosmote and parent company OTE have been slapped with fines of over 9 million euros by Greece’s Data Protection Authority over a breach of user records in September 2020. Specifically, the watchdog fined Cosmote 6 million euros for failing to protect a file containing the call histories of thousands of…
The high cost of mishandling data breaches, security reporting for financial services
Karen Hoffman reminds readers of the costs of poor security, reporting, in part: Last month, the U.S. Securities and Exchange Commission (SEC) fined Chase $125 million due to employees’ insecure practices, namely using WhatsApp and personal email accounts to transact official business, thus not adhering to SEC record-keeping requirements. Additionally, under a separate enforcement action,…
N.Korean internet downed by suspected cyber attacks -researchers
Josh Smith reports: North Korea’s internet appears to have been hit by a second wave of outages in as many weeks, possibly caused by a distributed denial-of-service (DDoS) attack, researchers said on Wednesday. The latest incident took place for about six hours on Wednesday morning local time, and came a day after North Korea conducted…
DeepDotWeb Administrator Sentenced to 97 Months in Prison for Money Laundering Scheme
Defendants Received Over $8 Million in Kickbacks from Purchases of Contraband on Darknet Marketplaces An Israeli national was sentenced yesterday to 97 months in prison for operating DeepDotWeb (DDW), a website that connected internet users with Darknet marketplaces, where they purchased illegal firearms, malware and hacking tools, stolen financial data, heroin, fentanyl and other illicit…
Canadian Radio-television and Telecommunications Commission (CRTC) investigation targets Dark Web marketplace vendors and administrator
January 26, 2022 – Ottawa-Gatineau – Canadian Radio-television and Telecommunications Commission (CRTC) The CRTC’s Chief Compliance and Enforcement Officer today announced penalties totalling $300,000 to four Canadians for their involvement in the Dark Web marketplace Canadian HeadQuarters (also known as CanadianHQ). The marketplace was taken offline following the execution of warrants by CRTC staff. Before…