Arek Sarkissian II reports: A Valdosta State server that was reported as being breached last month could have exposed the information of up to 170,000 students and faculty, the university said on Thursday. Valdosta State officials reported the discovery of a breach on Dec. 11 and estimated it began on Nov. 11. On Thursday, the…
Category: Of Note
Business Counter-Sues Bank in Fraud Dispute
Linda McGlasson reports: The Texas machinery company that was sued by its bank after a data breach has filed a countersuit against the institution, saying it “won’t be bullied.” The case pits Plano, TX-based Hillary Machinery, Inc. against PlainsCapital Bank, a $4.4 billion institution headquartered in Dallas. Hillary was defrauded by cyber thieves who made…
(update) Fl. man and driver convicted in $30 million ID theft and bank fraud ring
A jury has convicted a Miami Beach, Fla., man and his driver for their roles in a telemarketing fraud and identity theft scheme that attempted to defraud financial institutions and their account holders throughout the United States of millions of dollars through the unauthorized debit of customer bank accounts, U.S. Attorney Paul J. Fishman announced…
Broad New Hacking Attack Detected
Siobhan Gorman reports: Hackers in Europe and China successfully broke into computers at nearly 2,500 companies and government agencies over the last 18 months in a coordinated global attack that exposed vast amounts of personal and corporate secrets to theft, according to a computer-security company that discovered the breach. The damage from the latest cyberattack…
Massive security breach suspected at Latvian tax office
The State Revenue Service (VID) in Latvia admitted Monday that its electronic security systems may have been breached and that millions of confidential documents could have been hacked. The Latvian television news programme De Facto said Sunday night that 120 gigabytes of data consisting of 7.4 million individual documents had been leaked from VID’s database…
Swiss MP threatens fire with fire over bank data
When diplomacy fails, play hardball. A Swiss member of parliament alleged Saturday that top German public officials had secret bank accounts in Switzerland and threatened to out them if Germany bought stolen data on tax dodgers. ”If Germany buys stolen bank data, we’ll push for a legislative change that would have to disclose all Swiss…