Tommy Liu and Kenneth Cheung of Hogan Lovells write: In late June 2024, the Security Bureau of the Hong Kong SAR Government (the “Government”) proposed the first specific cybersecurity legislation in Hong Kong, tentatively entitled the Protection of Critical Infrastructure (Computer System) Bill (the “Bill”), to strengthen the security of the computer systems of critical…
Category: Of Note
Iran pays millions in ransom to end massive cyberattack on banks, officials say
Matthew Karnitschnig reports: A massive cyberattack that hit Iran last month threatened the stability of its banking system and forced the country’s regime to agree to a ransom deal of millions of dollars, people familiar with the case say. An Iranian firm paid at least $3 million in ransom last month to stop an anonymous…
UK: Trainee surgeon jailed for rape pleads guilty to data breach charges
Kirstie Newton reports: A trainee surgeon who was convicted of raping two women in Cornwall and Devon has also pleaded guilty to misusing patient records at hospital trusts. Salil Korambayil, aged 32, of Redhill in Surrey, attacked and raped two victims in their own homes after meeting them on social media. He denied three counts…
FTC Takes Action Against Security Camera Firm Verkada over Charges it Failed to Secure Videos, Other Personal Data and Violated CAN-SPAM Act
August 30, 2024 – The Federal Trade Commission will require security camera firm Verkada to develop and implement a comprehensive information security program to settle allegations the company failed to use appropriate information security practices, which allowed a hacker to access customers’ security cameras. Under a proposed order, which must be approved by a federal…
WazirX confirms 43% of customer funds unrecoverable following $230 million cyberattack, begins restructuring
Ouch. Rachna Dhanrajani reports: India’s cryptocurrency exchange WazirX, on Monday, revealed that 43% of customer funds lost in a recent cyberattack are unlikely to be recovered. In a virtual press conference, the exchange announced it is undergoing a restructuring process, which could take up to six months. They are also in discussions with a potential…
Franklin County judge grants city request to suppress cyber expert’s efforts to warn public
Did the First Amendment get rescinded in Franklin County, Ohio? What the heck is going on there? Bill Bush of The Columbus Dispatch reports: A Franklin County judge on Thursday granted the city of Columbus a temporary restraining order against a cybersecurity expert who has been telling the media about the public impact of the…