Aaron C. Garavaglia of Squire Patton Boggs writes: From consumers and merchants to financial institutions and investors, fraud is a global problem that damages healthy economic growth. Two sobering statistics illustrate that as the world has become more connected, fraud has only proliferated. In 2001, the FTC received 137,306 reports of fraud. In 2019, that number increased…
Ransomware attack forces web hosting provider Managed.com to take servers offline
Catalin Cimpanu reports: Managed.com, one of the biggest providers of managed web hosting solutions, has taken down all its servers in order to deal with a ransomware attack, ZDNet has learned today. The attack took place on Monday, November 16, and the ransomware impacted the company’s public-facing web hosting systems, resulting in some customer sites having their…
Northampton Public Library working to recover from ransomware attack
Ransomware threat actors have hit yet another public library. This time it is Northampton Public Library in Pennsylvania, who have posted this notice on their web site: Temporarily closed until further notice We will be temporarily closed until further notice due to technical issues. You will not be able to search our catalog, renew items online,…
IE: ‘Loner’, 21, jailed over online theft of $2m worth of cryptocurrencies
Brian Hoban reports: A 21-year-old Dublin ‘loner’ has been jailed after being caught in a Bitcoin scam with the help of US Homeland Security. Conor Freeman took part in the online theft of more than $2million worth of cryptocurrencies. Read more about this case and some of the victims on Extra.ie.
Trump fires DHS cybersecurity chief Chris Krebs
Amanda Macias reports: President Donald Trump announced Tuesday on Twitter that he has “terminated” top U.S. cybersecurity official Christopher Krebs. In a pair of tweets, Trump said that Krebs gave a “highly inaccurate” statement about the security of the 2020 presidential election. Trump, who has not yet conceded to president-elect Joe Biden, alleged that the election was…
Crypto trading platform Liquid hacked
Finextra reports: Crypto trading platform Liquid is advising customers to change their passwords and 2FA credentials after being hacked in a domain name hosting attack. In a notice published on its Website, Liquid CEO Mike Kayamori, says a domain name hosting provider inadvertently transferred control of the account to a malicious actor who subsequently changed…