Sarthak Dogra reports: BlackBerry Ltd. has come up with a sensational report that indicates that Chinese state sponsored hackers have been stealing data from computers across the globe for almost around a decade. A major reason for this unnoticed attack is its target, Linux operating systems. Blackberry makes the claim in a new 44-page long report. It claims…
U.S. SEC settles with two traders over 2016 EDGAR filing system hack
Reuters reports: The U.S. securities regulator on Thursday said it had settled with two traders who allegedly made money trading on material nonpublic information stolen through a hack into the agency’s EDGAR electronic filing system. The traders were among several defendants charged by the agency last year for a 2016 hack that the Securities and…
Suspecting Cyber Attack, Mediterranean Shipping Company Reports Network Outage – Update
Mike Schuler reports: Mediterranean Shipping Company says it has experienced a network outage and it cannot rule out the possibility of a cyber attack, the company said Friday. The outage began in one of MSC’s data centers in Geneva, Switzerland and the company shut down its servers in response. In an update late Friday, the…
Gambling company to set aside $30 million to deal with cyber-attack fallout
Catalin Cimpanu reports: Online betting company SBTech will have to place $30 million in escrow as insurance for covering the fallout from a suspected ransomware infection. The company agreed to do so as part of re-negotiated acquisition terms with Diamond Eagle Acquisition Corporation (DEAC), a blank-check company that acquired SBTech and rival platform DraftKings and…
Doctor’s Claims Against Employee Over Stolen Hard Drive Revived
Mary Anne Pazanowski reports: A Utah physician can proceed with several claims against a former employee who allegedly stole a computer hard drive containing patient information and used it to support a False Claims Act complaint against the physician, a federal court in the state said. Sherman Sorensen’s second amended complaint alleged enough facts to…
A Hacker’s Scheme is “Forthright;” Thus, No Computer Fraud Coverage for Ransomware Attacks
From the good-to-know dept., Timothy A. Carroll and Joshua A. Mooney of White and Williams LLP write: A computer hacker may engage in malicious and criminal conduct, but that doesn’t mean that the conduct is “fraudulent.” In G&G Oil Company v. Continental Western Ins. Co., 2020 Ind. App. LEXIS 126 (Ind. Ct. App. Mr. 31, 2020),…