Tag: data breach

Reddit reveals breach as attacker circumvents staff’s 2FA

August 3, 2018

The company has learned the hard way that there are better ways to deliver two-factor authentication than via text messages. Reddit has announced that a hacker has broken into some of its systems and accessed some user data, including an old database backup copy containing user credentials, email addresses, and messages. Additionally, the breach affected … More Reddit reveals breach as attacker circumvents staff’s 2FA

Losses from Business Email Compromise scams rising fast and furious

May 25, 2018

In 2017, the victims of BEC fraud were stung for $676 million, almost double the loss totals reported in the previous year. The FBI’s Internet Crime Complaint Center (IC3) received a record-high 301,000 complaints of internet-facilitated fraud and other cybercrimes in 2017, with reported losses adding up to $1.42 billion. Pegged at over $676 million, … More Losses from Business Email Compromise scams rising fast and furious

GDPR: One rule to rule them all – legally

May 25, 2018

It’s here! But what are the legal ramifications of the incoming legislation for businesses? There is a certain similarity between J. R. R. Tolkien’s The Lord of the Rings trilogy and General Data Protection Regulation (GDPR) coming to force today, May 25 2018. As weird as it may sound, the regulation puts in place standards identical to those of … More GDPR: One rule to rule them all – legally

£120,000 fine for university after details of 20,000 staff and students exposed in data breach

May 23, 2018

The University of Greenwich has received a fine of £120,000 because of the substantial damage and substantial distress caused by a security breach that exposed the personal information of 20,000 people. It’s called “Shadow IT”, and it’s a problem that has now cost a British university £120,000 (over US $160,000) following a serious security breach. … More £120,000 fine for university after details of 20,000 staff and students exposed in data breach

Saks and Lord & Taylor stores suffer data breach exposing five million bank cards

April 6, 2018

Cybercriminals are believed to have stolen information for more than five million credit and debit cards that shoppers had used at dozens of Saks Fifth Avenue, Saks Off 5th and Lord & Taylor stores mainly in the United States between May 2017 and March 2018. Canada-based department store operator Hudson’s Bay Co. has disclosed that it fell victim … More Saks and Lord & Taylor stores suffer data breach exposing five million bank cards