Kim Jung-Yoon reports: The Citizens’ Coalition for Economic Justice (CCEJ) is filing a public interest lawsuit against the nation’s No. 2 mobile carrier, KT, over leaked personal information. It is claiming damages of 1 million won ($933) per customer. The CCEJ held a press conference in front of KT headquarters in Gwanghwamun, central Seoul, yesterday…
Category: Of Note
N.Y. Court: Zurich Not Obligated to Defend Sony Units in Data Breach Litigation
Young Ha reports: A New York trial court recently ruled in a commercial general liability (CGL) policy coverage case that Zurich American Insurance Co. has no duty to defend Sony Corp. of America and Sony Computer Entertainment America in litigation stemming from the April 2011 hacking of Sony Corp.’s PlayStation online services. Ruling on the…
Men from Ukraine and New York indicted in U.S. cybercrime case
Jonathan Stempel reports: Federal prosecutors on Monday announced the indictment of three men they accuse of being members of an international cybercrime ring that tried to steal at least $15 million by hacking into U.S. customer accounts at 14 financial institutions and the Department of Defense’s payroll service. Oleksiy Sharapka, 33, and Leonid Yanovitsky, 39,…
Missed Alarms and 40 Million Stolen Credit Card Numbers: How Target Blew It
I finally got around to reading this fascinating report by Michael Riley, Ben Elgin, Dune Lawrence, and Carol Matlack for Bloomberg Businessweek. This goes far beyond other media coverage about how Target “missed” or “ignored” FireEye alerts and really gives more details of how the breach occurred.
Be Careful Beating Up Target (Part 1)
Craig Carpenter of AccessData writes: A flurry of stories surfaced this week, including those in Bloomberg BusinessWeek and InformationWeek, highlighting signals of compromise that Target apparently “missed” or even “ignored”, resulting in the theft of 40 million credit card accounts. Clearly the Target breach was serious and wide-ranging, as it affected a large number of customers and even hit…
How to avoid a €100 million data fine in Europe
Jennifer Baker reports: A law approved by the European Parliament on Wednesday and aimed at protecting citizens’ privacy comes with sweeping penalties for breaches—up to €100 million (US$139 million) or 5 percent of global annual turnover, whichever is larger. The European Data Protection Regulation will apply not only to European companies, but any company that…