Olga Kharif reports: Hackers moved some digital money from the Decentralized Autonomous Organization, a cryptocurrency-backed venture capital fund, sending the price of ether — the virtual currency underlying the project — plunging. Vitalik Buterin, co-founder of Ethereum, which supports ether, asked exchanges in a Reddit post to “please pause ETH and DAO trading, deposits and withdrawals until further notice,”…
Category: Of Note
Computer Crash Wipes Out Years of Air Force Investigation Records
Marcus Weisgerber reports: The U.S. Air Force has lost records concerning 100,000 investigations into everything from workplace disputes to fraud. A database that hosts files from the Air Force’s inspector general and legislative liaison divisions became corrupted last month, destroying data created between 2004 and now, service officials said. Neither the Air Force nor Lockheed Martin, the defense…
Mossack Fonseca worker arrested in Switzerland
Juliette Garside reports: An IT worker at the Geneva offices of Mossack Fonseca, the offshore law firm at the centre of the Panama Papers scandal, has been arrested in the hunt for the whistleblower behind the biggest ever leak to journalists. […] “A procedure has been opened by the public ministry of Geneva following a complaint…
North Korea hacked 140,000 South Korean computers in a huge campaign
Jack Kim reports: North Korea hacked into more than 140,000 computers at 160 South Korean firms and government agencies, planting malicious code under a long-term plan laying groundwork for a massive cyber attack against its rival, police in the South said on Monday. South Korea has been on heightened alert against cyber attacks by theNorth after Pyongyang conducted a…
How the Cover Was Blown on Palestinian Hackers Spying Against Israel
Oded Yaron reports: A group of Palestinian hackers uncovered in January resumed their work against Israel in April, an Israeli security firm has announced. ClearSky Cyber Security also revealed the main activist behind the group. This was the second report on the group by ClearSky, which published in January that the group has operated since…
Cybersecurity and Data Privacy: Proposed Legislation Would Substantially Expand and Strengthen New York’s Data Breach Notification Statute
Michael Billok, Christopher Stevens, Clifford Tsan of Bond Schoeneck & King PLLC write: A bill currently pending before the New York State Assembly (A10475) would make a number of significant changes to New York’s data breach notification statute (General Business Law Section 899-aa) in the event that it is passed and signed into law. The…