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Attack Taking Big Bite Out of Revenue
Breach Notification , Business Continuity Management / Disaster Recovery , Fraud Management & Cybercrime SEC Filing Predicts $10 Million to $15 Million Impact Marianne Kolbasuk McGee (HealthInfoSec) • May 5, 2021 SmileDirectClub, which sells teeth-straightening appliances, expects that a recent cyberattack, which disrupted the manufacturing of its products, will take a $10 million…
106 arrested in a sting against online fraudsters
The Spanish National Police (Policía Nacional), supported by the Italian National Police (Polizia di Stato), Europol and Eurojust, dismantled an organised crime group linked to the Italian Mafia involved in online fraud, money laundering, drug trafficking and property crime. The suspects defrauded hundreds of victims through phishing attacks and other types of online fraud such…
Social media bots related to the sale of GameStop shares and other meme stocks
Cybersecurity experts at PiiQ Media report detecting a social media bot campaign that has been promoting “meme stocks” like GameStop Corp, suggesting that a hacking group might be behind the recent purchase frenzy powered by Reddit. After a group of users organized through Reddit forums, the price of GameStop shares skyrocketed, in an attempt to…
The New NYDFS Cyber Insurance Risk Framework – Required Reading for Insurers and Insureds | Akerman LLP
The New York Department of Financial Services (“NYDFS”) recently released its Cyber Insurance Risk Framework (the “Framework”), which provides best practices for managing cyber insurance risk. The stated goal of the Framework is to grow “a robust cyber insurance market that maintains the financial stability of insurers and protects insureds.” While the Framework is directed…
Colonial Pipeline Confirms Ransomware Causing Disruptions
Critical Infrastructure Security , Cybercrime as-a-service , Fraud Management & Cybercrime Company Has Taken Systems Offline As A Precaution; Investigation Ongoing Scott Ferguson (Ferguson_Writes) • May 8, 2021 A Colonial Pipeline facility outside Birmingham, Alabama (Photo: Flickr) This is a breaking news story. Check back for additional details. See Also: Live Webinar |…
Former NSA Operatives Worked as Cyber-Mercenaries
Photo: Drew Angerer (Getty Images) Former U.S. intelligence operatives are facing federal charges after allegedly having worked as cyber-mercenaries for the United Arab Emirates. The men, all of whom are ex-employees of the National Security Agency, are accused of helping the UAE government to break into computer systems all over the world, including some in…