So AlphV (aka BlackCat) is trying something different again, it seems. This time, it seems they are claiming a victim before they have even attempted to contact the victim or extort them. They post no proof of claims. They state that they are taking this approach because the victim’s cyberinsurance policy does not cover extortion,…
Search Results for: global payments
Swift Hack Probe Expands to Up to a Dozen Banks Beyond Bangladesh
Michael Riley and Alan Katz report: Investigators are examining possible computer breaches at as many as 12 banks linked to Swift’s global payments network that have irregularities similar to those in the theft of $81 million from the Bangladesh central bank, according to a person familiar with the probe. FireEye, the security firm hired by…
The staggering cost of a data breach
Occasionally, I check Global Payments’ site for information on what their breach(es) last year cost them. Here’s what they reported in their SEC 10-K/A filing today: For the year ended May 31, 2012, we have recorded $84.4 million of expense associated with this incident. Of this amount, $19.0 million represents the costs we have incurred…
Heartland in $60 mln settlement agreement with Visa
Reuters is reporting: Heartland Payment Systems Inc (HPY.N) said it reached a $60 million settlement agreement with Visa Inc (V.N), under which it will pay issuers of Visa-branded credit and debit cards for data security breach claims. Heartland, the fifth-largest payments processor in the United States, said the settlement was with respect to losses issuers…
Police recover over USD 40 million from international email scam
Singapore authorities make record recovery thanks to cooperation with Timor Leste through INTERPOL LYON, France: A global stop-payment mechanism developed by INTERPOL has helped Singapore authorities make their largest ever recovery of funds defrauded in a business email compromise scam. On 23 July 2024, a commodity firm based in Singapore filed a police report stating…
Two Foreign Nationals Plead Guilty to Participation in LockBit Ransomware Group
The following is a press release issued yesterday by the U.S. Attorney’s Office, District of New Jersey: Two foreign nationals pleaded guilty today in Newark federal court to participating in the LockBit ransomware group – at various times the most prolific ransomware variant in the world – and to deploying LockBit attacks against victims in…