Charlie Osborne reports: Fortune 500 companies are losing millions of dollars due to new and sophisticated phishing scams conducted by cyberattackers, IBM has discovered. On Wednesday, researchers from IBM’s X-Force Incident Response and Intelligence Services (IRIS) team said the Business Email Compromise (BEC) scheme is currently active and is successfully targeting Accounts Payable (AP) teams…
Category: Of Note
Half A Million People Don’t Know Criminals Stole Their Identities to Get Jobs
Jack Corrigan reports: A programming error kept the IRS from notifying hundreds of thousands of identity theft victims about criminals using their Social Security numbers to get themselves jobs in 2017, according to an internal investigation. Last year, more than half a million Americans had their identities used by others to get hired, but only…
Update on Colorado’s Proposed Privacy and Cybersecurity Legislation
David M. Stauss and Gregory Szewczyk of Ballard Spahr LLP write: As we first reported in our January 22, 2018, alert, the Colorado legislature is considering legislation that, if enacted, would significantly change Colorado privacy and data security law. On Wednesday, February 14, 2018, the bill’s sponsors submitted an amended bill that addresses issues raised by numerous stakeholders, including Ballard…
A Hacker Has Wiped a Spyware Company’s Servers—Again
Lorenzo Franceschi-Bicchierai reports: Last year, a vigilante hacker broke into the servers of a company that sells spyware to everyday consumers and wiped their servers, deleting photos captured from monitored devices. A year later, the hacker has done it again. Thursday, the hacker said he started wiping some cloud servers that belong to Retina-X Studios,…
NC: County computers shut down by ransomware
Ben Coley reports: The Davidson County government’s ability to conduct business on computers has been stopped by a software virus known as ransomware, according to County Manager Zeb Hanner. Hanner said officials learned about the issue around 2 a.m. Friday. He noted that all the files are encrypted and that the hackers are asking for…
UK and US blame Russia for ‘malicious’ NotPetya cyber-attack
BBC reports: The Russian military was directly behind a “malicious” cyber-attack on Ukraine that spread globally last year, the US and Britain have said. The White House said June’s NotPetya ransomware attack caused billions of dollars in damage across Europe, Asia, and the Americas. UK Defence Secretary Gavin Williamson said Russia was “ripping up the…