The data breach epidemic: no info is safe

By now it’s obvious that data security technology hasn’t kept pace with the needs of consumers. In 2017 alone, we learned about massive data breaches from major organizations like Equifax, Uber, and Verizon. In other words: We’re… Continue reading The data breach epidemic: no info is safe

AMD, MailChimp, & Equifax – Application Security Weekly #9

In the news, researchers say AMD processors have serious vulnerabilities and backdoors, hijacked MailChimp accounts used to distribute malware banking, Voodoo Kali, for Equifax executive charged with insider trading after data breach, & more on thi… Continue reading AMD, MailChimp, & Equifax – Application Security Weekly #9

Facebook, Equifax, UpGuard, and Microsoft – Hack Naked News #165

This week, Michael talks about Facebook’s CSO Alex Stamos, Equifax, UpGuard’s new security tool, and Microsoft lifts update embargo on Windows 10. Jason Wood explains why you should build your own security tools in the expert commentary. News Fac… Continue reading Facebook, Equifax, UpGuard, and Microsoft – Hack Naked News #165

Weekly Cyber Risk Roundup: Russia Sanctions, Mossack Fonseca Shutdown, Equifax Insider Trading

On Thursday, the U.S. government imposed sanctions against five entities and 19 individuals for their role in “destabilizing activities” ranging from interfering in the 2016 U.S. presidential election to carrying out destructive cyber-attac… Continue reading Weekly Cyber Risk Roundup: Russia Sanctions, Mossack Fonseca Shutdown, Equifax Insider Trading

SEC commissioner: ‘our companies, and our country, are under attack’

The Securities and Exchange Commissioner says that corporations need to do more to protect investors from the financial damages of data beaches. Speaking at Tulane University’s Corporate Tulane Law School on Thursday, a leader of the SEC plainly stated that American companies are “under attack” from hackers. “The cyberthreat is not primarily a regulatory issue any more than it is primarily a technological issue. Cybercrime is an enterprise-level risk that will require an interdisciplinary approach, significant investments of time and talent by senior leadership and board-level attention,” SEC Commissioner Robert Jackson said. The SEC issued updated guidance last month for how companies should approach the issue of breach disclosure. Jackson said that he only reluctantly joined the guidance because it leaves too much discretion to corporate counsel to decide whether investors should be informed of an incident. “I worry that these judgments have, too often, erred on the side of nondisclosure, […]

The post SEC commissioner: ‘our companies, and our country, are under attack’ appeared first on Cyberscoop.

Continue reading SEC commissioner: ‘our companies, and our country, are under attack’

Former Equifax exec charged with insider trading after data breach

Jun Ying, a former Equifax executive, has been hit with criminal charges as well as SEC (Securities and Exchange Commission) charges for insider trading relating to his sales of Equifax stocks in advance of the company’s announcement regarding th… Continue reading Former Equifax exec charged with insider trading after data breach

Ex-Equifax exec charged with insider trading after selling $1 million worth of stock before data breach disclosure

A former Equifax executive, who sold nearly $1 million worth of shares before the company’s massive data breach was made public, has been charged with insider trading.
Continue reading Ex-Equifax exec charged with insider trading after selling $1 million worth of stock before data breach disclosure

Ex-Equifax exec charged with insider trading after selling $1 million worth of stock before data breach disclosure

A former Equifax executive, who sold nearly $1 million worth of shares before the company’s massive data breach was made public, has been charged with insider trading.
Continue reading Ex-Equifax exec charged with insider trading after selling $1 million worth of stock before data breach disclosure

Former Equifax executive charged with insider trading after mega breach

A former Equifax executive is facing charges from both the Securities and Exchange Commission and the Department of Justice for insider trading before the company publicly announced a massive breach in September 2017. The SEC said in a press release that Jun Ying, Equifax’s former chief information officer, allegedly used privileged information to conclude that Equifax had suffered a breach and subsequently sold all of his stocks for a total of nearly $1 million. The agency claims that, by selling stocks before the company’s public notification, Ying dodged $117,000 in losses. “Ying used confidential information to conclude that his company had suffered a massive data breach, and he dumped his stock before the news went public,” said Richard Best, director of the SEC’s regional office in Atlanta in the release. “Corporate insiders who learn inside information, including information about material cyber intrusions, cannot betray shareholders for their own financial benefit.” The U.S. Attorney’s […]

The post Former Equifax executive charged with insider trading after mega breach appeared first on Cyberscoop.

Continue reading Former Equifax executive charged with insider trading after mega breach