Eileen Wu reports: Singapore has taken another step towards a new bill that seeks to impose higher penalties on financial institutions that suffer a security breach as a result of oversight. It also looks to tighten regulations of digital token services providers to guard against money laundering and terrorist financing risks. If passed, the Financial…
Justice Department Investigation Leads to Shutdown of the Hydra Darknet Marketplace
The Justice Department announced today the seizure of Hydra Market (Hydra), the world’s largest and longest-running darknet market. In 2021, Hydra accounted for an estimated 80% of all darknet market-related cryptocurrency transactions, and since 2015, the marketplace has received approximately $5.2 billion in cryptocurrency. The seizure of the Hydra servers and cryptocurrency wallets containing $25…
Two Individuals Sentenced for Conspiracy and Sale of Fraudulent Identity Documents on the Darknet
Two New York residents were sentenced for selling and conspiring to transfer false identification documents on the darknet marketplaces AlphaBay Market and Dream Market. According to court documents, from at least from May 2015 until October 2017, defendants Andrea Alessandrini and Evan Hayes sold New York state driver’s licenses, fraudulent identity information for individuals (including…
Block confirms Cash App breach after former employee accessed US customer data
Carly Page reports: Block has confirmed a data breach involving a former employee who downloaded reports from Cash App that contained some U.S. customer information. In a filing with the Securities and Exchange Commission (SEC) on April 4, Block — formerly known as Square — said that the reports were accessed by the insider on December 10. “While this…
55,000 there, 190,000 there, 1.8 million there, and the breaches roll on…
Taylor Regional Hospital in Kentucky recently notified 190,209 patients of breach that they identified in January. An investigation determined that an unauthorized person had gained access to their network between November 2, 2021 and January 19, 2022, and obtained certain files from their systems containing patients’ names, and one or more of the following: address,…
Parker-Hannifin discloses breach in regulatory filing
Ciara Linnane reports: Parker Hannifin Corp. said Tuesday a third party breached its systems on March 14, and may have accessed data and personal information of its own employees. In a regulatory filing, the maker of technology for the aerospace and industrial sectors said it is working with law enforcement and cybersecurity experts to determine the extent…