Law passed to curb China espionage threat
In March, a new U.S. law was passed requiring federal agencies to review Chinese IT equipment before purchasing the goods. The legislation was signed by President Obama to thwart spying threats stemming from the country.
Regulators close firm after costly attack
Huntington Beach, Calif.-based Efficient Services Escrow Group was shut down in March by state regulators after it failed to recover lost funds following a $1.5 million cyber heist. Attackers infected Efficients networks with a remote access trojan, which resulted in three fraudulent wire transfers.
Google “Street View” ruling
A federal appeals court ruled that Googles Street View mapping service was not exempt from federal wiretap law when it siphoned 600 gigabytes of data transmitted over Wi-Fi networks in more than 30 countries.
Retailer Genesco sues Visa
In a landmark case, sportswear company Genesco filed a lawsuit against Visa in March to recoup more than $13 million in payment card industry (PCI) fines imposed on it after a 2010 breach.
Introduction of Aaron
After the January suicide of activist and developer Aaron Swart lawmakers introduced legislation to reform the federal anti-hacking law. Nicknamed “Aarons Law,” the legal measure would limit unnecessarily aggressive punishment for computer crimes.