Thailand is reportedly investigating $27.2 million that an alleged hacker funneled into the country. Wang YunHe and other co-conspirators had purchased properties and shares of several companies, Bloomberg News reported Saturday (June 1), describing Wang as a “superhacker.” The report, citing information from the Thai...
Already fighting an antitrust suit, Live Nation is now also dealing with a data breach. The country’s biggest ticket seller announced Friday (May 31) that its Ticketmaster system could have been compromised by a hacker who is trying to sell customer information on the dark...
Data is the oil of the 21st century, as you’ve likely heard. That’s because digital information acts as both a lubricant and an ignition agent for nearly every innovation transforming business, payments and commerce. But with the news that a cyber-attack on the auction house...
Senate Finance Committee Chair Ron Wyden, D-Ore., has called on the Biden administration to investigate the cybersecurity incident at UnitedHealth Group. In a Thursday (May 30) letter addressed to Federal Trade Commission (FTC) Chair Lina M. Khan and Securities and Exchange Commission (SEC) Chair Gary...
In a big victory against cybercrime, the U.S. Justice Department, in collaboration with international law enforcement agencies, recently conducted a successful operation to dismantle a notorious botnet known as 911 S5. This operation led to the arrest of YunHe Wang, a Chinese national, on charges...
Consumers hate passwords. Fraudsters love them. There might be no better business case for passkeys, which are a biometric, digital alternative to manually selected and stored passwords. Passkeys have also been at the center of recent product introductions from Visa, Mastercard and other payments and financial services companies....
The thing about far-away technological innovations is that they get closer to reality each day. And with the news Tuesday (May 21) that Zoom is making post-quantum end-to-end encryption (E2EE) globally available across its Zoom Workplace platform, specifically Zoom Meetings with Zoom Phone and Zoom Rooms coming soon,...
New federal regulations give some financial institutions (FIs) a tighter deadline for reporting security breaches. The Securities and Exchange Commission (SEC) adopted changes last week that require institutions to notify people whose data was compromised “as soon as practicable, but not later than 30 days”...
For American businesses, the threat of cyberattacks continues to grow. Ninety percent of companies say their cybersecurity risks increased in the last year, according to a survey of compliance professionals published Monday (May 13) by The Wall Street Journal (WSJ). Nearly all mid-sized businesses — defined in the...
