Nillicent Bautista reports: A man previously dubbed “Asia’s best hacker” was arrested in Las Piñas for allegedly targeting foreigners in his illegal online activities, the National Capital Region Police Office (NCRPO) said yesterday. An NCRPO report obtained by The STAR showed that NCRPO operatives searched the house of Edgar Silvano Jr., 47, in Barangay Talon Dos at…
Hacker spins up 1 million virtual servers to illegally mine crypto
Bill Toulas reports: A 29-year-old man in Ukraine was arrested this week for using hacked accounts to create 1 million virtual servers used to mine $2 million in cryptocurrency. As announced today by Europol, the suspect is believed to be the mastermind behind a large-scale cryptojacking scheme that involves hijacking cloud computing resources for crypto-mining. By…
NYS announces $8 Million Penalty Against Genesis Global Trading, Inc. After DFS Investigation Finds Significant Failings in Anti-Money Laundering and Cybersecurity Programs
January 12, 2024 New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris today announced that Genesis Global Trading, Inc. (“Genesis Global Trading”) will pay an $8 million penalty to New York State for compliance failures that violated DFS’s virtual currency and cybersecurity regulations and left the company vulnerable to illicit activity and…
Family Healthcare notifying patients of November 2022 breach at Brady Martz & Associates
On September 8, Brady Martz & Associates in North Dakota disclosed a data breach in November 2022 that reportedly affected more than 53,000 individuals. Less than two weeks later, at least four lawsuits had been filed against the firm. Now, four months later, we see a notice from one of their clients: Family HealthCare was…
Pharma Giant Alkem Laboratories Faces Security Breach, Rs 52 Crores at Stake
Sharad Natani reports: Pharmaceutical giant Alkem Laboratories confirmed Friday that a cybersecurity incident led to a fraudulent transfer of Rs 52 crore from one of its subsidiaries. While the company maintained the impact was minimal and confined to a specific incident, the disclosure raises concerns about vulnerabilities in India’s pharmaceutical sector to cyberattacks. Without revealing…
Fertility Test Lab Will Pay $1.25M to Settle Breach Lawsuit
In 2021, Quest-owned ReproSource Fertility Diagnostics disclosed a ransomware attack in August potentially affecting 350,000 patients. One month after disclosure, they were sued. Now Marianne Kolbasuk McGee reports that there is a settlement. A Massachusetts federal court preliminarily approved the proposed settlement on Wednesday. The proposed class action litigation, which consolidated two similar lawsuits against…