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: Of Note
Employees sacked, CEO fined in SingHealth security breach
Eileen Yu reports: Two employees have been sacked and five senior management executives, including the CEO, fined for their role in Singapore’s most serious security breach, which compromised personal data of 1.5 million SingHealth patients. Further enhancements also will be made to beef up the organisation’s cyber defence, in line with recommendations dished out by…
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…
Massachusetts Enacts Significant Changes to Its Data Breach Notification Law
David M. Brown of Baker Hostetler writes: On Jan. 10, 2019, Massachusetts Gov. Charlie Baker signed legislation that will significantly amend the state’s data breach notification law. The amendments become effective on April 11, 2019. One of the significant changes includes a new requirement to provide an offer of complimentary credit monitoring for “a period…
PH: Locsin says ‘pissed’ contractor ‘took all’ passport data
Updated January 15: Locsin subsequently clarified his claim and said that no data had been removed or stolen, but had been made inaccessible. See this report. Original post: Katrina Domingo reports: MANILA – Some Filipinos renewing their passports may have to present their birth certificates as an additional requirement after a passport production contractor the…