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Category: Of Note

Directors and Officers Settle Over Yahoo Hack: A New Chapter in Derivative Litigation?

Posted on January 13, 2019 by Dissent

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…

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Massachusetts Enacts Significant Changes to Its Data Breach Notification Law

Posted on January 12, 2019 by Dissent

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…

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PH: Locsin says ‘pissed’ contractor ‘took all’ passport data

Posted on January 12, 2019 by Dissent

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…

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A Nasty Trick: From Credential Theft Malware to Business Disruption

Posted on January 12, 2019 by Dissent

Kimberly Goody, Jeremy Kennelly, Jaideep Natu, Christopher Glyer write: FireEye is tracking a set of financially-motivated activity referred to as TEMP.MixMaster that involves the interactive deployment of Ryuk ransomware following TrickBot malware infections. These operations have been active since at least December 2017, with a notable uptick in the latter half of 2018, and have…

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UK hacker “BestBuy” sentenced for Mirai botnet attack on Lonestar

Posted on January 11, 2019 by Dissent

Catalin Cimpanu does some great reporting on the sentencing of “BestBuy:” A UK court sentenced today a 30-year-old man to two years and eight months in prison for using a DDoS botnet to viciously attack and take down internet connectivity in Liberia in the fall of 2016. The man is 30-year-old Daniel Kaye, also known…

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Attributions Have Consequences: The Danger of Calling Out Cyberattackers

Posted on January 11, 2019 by Dissent

Leonid Bershidsky reports: The $100 million lawsuit that Mondelez, the maker of Oreos and Cadbury chocolate, has brought against Zurich Insurance Group shows that governments should be more careful about identifying the would-be culprits in putative cyberwars: Such claims can have unintended consequences, and can sometimes harm businesses. […] Mondelez claimed $100 million on its…

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