PTI reports: Mobile wallet company Paytm has suspended its app that allowed small shopkeepers to accept payment through cards amid ongoing cash crunch, citing risks to customer data and privacy. The new feature was designed to eliminate the need for a physical point-of-sale (PoS) terminal or a card swipe machine, instead helping small shopkeepers use their smartphones…
New cyber incident notification guidelines take effect April 1, 2017
Tony Ware reports: The U.S. Computer Emergency Readiness Team (US-CERT) is implementing new reporting requirements beginning April 1, 2017, and just released new guidelines to help federal departments and agencies; state, local, tribal, and territorial government entities; information sharing and analysis organizations; and foreign, commercial and private-sector organizations submit incident notifications. An “incident” is defined…
Danish editor jailed in nation’s ‘largest ever media scandal’
The Local (DK) reports: A Danish court on Thursday jailed two men, one of them the former editor of a celebrity magazine, for buying and selling details of stars’ credit card transactions. Former Se og Hør editor Henrik Qvortup was handed a 15-month jail term, one year of which would be a suspended sentence if…
“KYAnonymous” pleads guilty in Steubenville case
Bill Estep reports: A computer hacker who lived in Clark County and used the online name KYAnonymous has admitted he illegally accessed a computer to get involved in a notorious 2012 rape case in Steubenville, Ohio. Deric Lostutter, 29, pleaded guilty Wednesday to conspiring to hack a website associated with Steubenville High School athletics and…
Thieves Use Skimmers on ATMs in Four NYC Hospitals
Ben Fractenberg reports: Scammers placed skimming devices on ATMs in four hospitals in the city from Aug. 1 through Nov. 1, and then made duplicate cards to steal $46,000 from at least 75 people, according to the NYPD and sources. Police are looking to speak with Atanasiu Bogdan-Valentin, 36, and an unidentified man in connection with the robberies. The robbers…
FINRA Fines Lincoln Financial Subsidiary $650,000 For Cybersecurity Shortcomings
Glen A. Kopp and Laura Preback Hang of Bracewell LLP write: A Lincoln Financial Group subsidiary agreed to pay $650,000 to the Financial Industry Regulatory Authority (FINRA) to resolve allegations that it failed to implement sufficient security policies to protect confidential customer information after its web-based customer account database was hacked in 2012. The 2012…