Collaborate Disseminate
Marco A. De Felice of SuspectFile (aka @amvinfe) reports that BankCard USA (BUSA) recently paid the Black Basta ransomware group $50,000 ransom. But if BUSA hoped to keep the breach and payment out of the public eye, they should sit down before they re… Continue reading Attacked by Black Basta, BankCard USA paid ransom.
Sergiu Gatlan reports: Law enforcement has detained a suspect believed to be a key member of the OPERA1ER cybercrime group, which has targeted mobile banking services and financial institutions in malware, phishing, and Business Email Compromise (BEC) … Continue reading Police arrest suspect linked to notorius OPERA1ER cybercrime gang
The Straits Times/ANN reports: Thirteen people, including a 16-year-old youth, were arrested for their suspected involvement in the recent spate of banking-related malware scam cases. Preliminary investigations showed that 10 of the 13 suspects, aged b… Continue reading 16-year-old youth among 13 arrested for alleged involvement in banking-related malware scams in Singapore
Umar Cheema reports: Sensitive data of the Securities and Exchange Commission of Pakistan (SECP) has allegedly been stolen which has resulted in a tug of war between the chairman and the relevant commissioner. The latter claims she was kept in dark abo… Continue reading Pk: Tension within SECP escalates as it tries to downplay data breach
FE Digital Currency reports: South Korea’s Financial Services Commission (FSC) has reported 16 foreign crypto exchanges to investigative agencies for violating the Specific Financial Information Act, Cryptoslate reported quoting news1. As per the repor… Continue reading South Korea to ban 16 unregistered overseas crypto exchanges
Jim Nash reports: A U.S. consumer finance regulator has published a circular warning that insufficient security for consumer biometric and other personal data is illegal under federal law. Multi-factor authentication is singled out as a method of makin… Continue reading US regulator urges MFA and puts banks on notice – not reasonably protecting data is illegal
Patrick H. Haggerty and Elise Elam of BakerHostetler write: On July 29, the New York Department of Financial Services (NYDFS) released Draft Amendments to its Part 500 Cybersecurity Rules that include a number of significant amendments to the rules, in… Continue reading NYDFS Proposed Amendments to Its Cybersecurity Rules
Raymond Saw reports: If you typically use contactless payment methods, chances are that you’ve used iPay88 even without realising it. iPay88 is one of Malaysia’s biggest payment gateway platforms, providing point-of-sale solutions for plenty of merchan… Continue reading Malaysian payment gateway platform iPay88 suffers data leak, card data may be compromised
It seems this was the week for following up on Carnival Corporation breaches. Earlier this week, state attorneys general announced a $1.25 million multistate settlement with the cruise line over a 2019 data breach first disclosed in 2020. But there was… Continue reading Expensive week for Carnival Corp: a $1.25 million settlement with states over one breach, then a $5 million settlement with New York for violating state cybersecurity regulation
Joe Jabara writes: So it starts….with literally billions of dollars lost through cryptocurrency frauds and security breaches, it was only a matter of time before we started seeing a wave of litigation. On Monday, a case was brought in the United States… Continue reading After a Breach, One Company’s Cybersecurity Claims Got Referenced in a Lawsuit