California lawmakers Thursday blocked expansion of data privacy law handing a victory to the tech industry collection, storage and use of consumer information. The proposed expansion would have given customers the right to know what data companies were collecting from them as well as the right to delete and restrict the sell of information. The…
A coordinated international law enforcement operation in the U.S. and Europe has dismantled the GozNym cybercriminal network responsible for infecting roughly 41,000 computers with banking malware and stealing approximately $100 million from victims. A U.S. federal indictment unsealed today charges 10 individuals with conspiracy to commit computer fraud, conspiracy to commit wire fraud and bank…
A U.S. Supreme Court decision allowing an antitrust lawsuit to proceed against Apple has reportedly left some cybersecurity experts wondering how users may be affected if the courts eventually force the company to allow iOS apps to be sold in third-party stores. In a 5-4 decision this past Monday, the court upheld a Ninth Circuit…
In Equifax’s latest Security and Exchange Commission filing the company is estimating it has spent about $1.4 billion recovering from its 2017 data breach that exposed the PII of 148 million customers, according to a published report. This includes a $690 million charge made during the first quarter of 2019 related to outstanding litigation and…
Members of China-based hacking group were indicted for series of computer intrusions, including the 2015 Anthem data breach that affected over 78 million people. The four-count indictment alleges that Fujie Wang, 32, and other members of the hacking group, including another individual charged as John Doe, conducted a campaign of intrusions into U.S.-based computer systems…
Europol today announced it dealt a double blow to dark web marketplaces after taking down both the Wall Street Market and Silkkitie, aka The Valhalla Marketplace. The Wall Street Market was considered the second largest illegal online market on the dark web with more than 1,150,000 customer accounts and more than 5,400 sellers registered. The…
A new study shows that a majority of smaller businesses would acquiesce and pay to have their data released in a case where they were hit with a ransomware attack and could not recover the data on their own. The cloud security company AppRiver’s Q2 Cyberthreat Index for Business Survey found that 55 percent of…
UK citizen Marcus Hutchins has gone from international hero to felon after pleading guilty for his role in creating the Kronos banking trojan. Hutchins, who found the kill switch that turned off the WannaCry ransomware in May 2017, was arrested in August of that year in Las Vegas while he was attending the Black Hat…
Two Romanian nationals were convicted in an Ohio federal court on Thursday for their roles in the Bayrob group, an organization that launched a multi-million-dollar cybercriminal operation fueled by its own proprietary malware. Bogdan Nicolescu, 36, and Radu Miclaus, 37, were found guilty on separate 21 counts for developing and spreading the Bayrob trojan, which…
Yahoo has more than doubled its proposed data breach settlement payout to $117.5 million after having a smaller amount rejected by a California judge in January. The original $50 million amount was rejected by U.S. District Judge Lucy Koh who said she couldn’t declare the settlement “fundamentally fair, adequate and reasonable” because it did not…
