Collaborate Disseminate
Conor Brian Fitzpatrick (aka “Pompompurin” of Breached.vc) isn’t the only person to have their sentence vacated and remanded for re-sentencing this year. Paige Thompson, who was responsible for the massive Capital One hack in 2019, w… Continue reading Ninth Circuit Reverses Probation Sentence for Paige Thompson
Jayant Chakravarti reports: The Australian financial regulator has filed a lawsuit against FIIG Securities, accusing the leading investment and financing company of lacking adequate cybersecurity controls to stop a threat actor from stealing confidenti… Continue reading Australia Sues FIIG Investment Firm in Cyber ‘Wake-Up Call’
Susmita Chaulagain reports: A Ugandan court on Wednesday charged nine senior officials from the Ministry of Finance, Planning, and Economic Development over their alleged involvement in corruption, electronic fraud, and money laundering in connection w… Continue reading Uganda court charges senior finance officials with corruption over central bank hacking
The bipartisan legislation would direct the Treasury secretary to deliver a report on public-private coordination to combat attacks on the financial sector.
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Jimi Aki reports: KuCoin, a major cryptocurrency exchange, has been hit with a $297 million settlement after admitting to a regulatory breach in the United States. The settlement includes a criminal fine of $112.9 million and a forfeiture of $184.5 mil… Continue reading KuCoin Agrees to $297 Million Settlement Over Regulatory Breach
January 23, 2025 New York State Department of Financial Services Superintendent Adrienne A. Harris today announced that PayPal, Inc. (PayPal) will pay a $2 million penalty to New York State for violations of DFS’s Cybersecurity Regulation. An investiga… Continue reading PayPal to pay NYS $2M for violating DFS’s Cybersecurity Regulation
ADMINISTRATIVE PROCEEDING File No. 3-22360 December 16, 2024 – The Securities and Exchange Commission today filed settled charges against Flagstar Bancorp, Inc. (now known as “Flagstar Financial, Inc.”), for making materially misleadi… Continue reading Securities and Exchange Commission Settles Charges Against Flagstar for Misleading Investors About Citrix Data Breach
Sarah McKenna Barry reports: The Dutch Central Bank has issued an unprecedented warning to the public to keep cash at home due to the risk of cyberattacks from Russia. Officials are concerned that cyberattacks have the potential to cause massive disrup… Continue reading Dutch people advised to carry cash in case of cyberattack by Russia
The Irish Times reports: A cyber attack targeting acquisition and credit servicing firm Cabot involved theft of some 394,000 data files, including material related to its direct customers and its loan book, the High Court has heard. Cabot Financial (Ir… Continue reading Cyberattack on debt acquisition firm Cabot involved theft of 394,000 data files, court hears
The kits, which the company said were a sophisticated approach to bypassing multifactor authentication, pose a particular threat to the financial services sector.
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