Collaborate Disseminate
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
Khanh Vu and Phuong Nguyen report: Police in Vietnam have arrested a Taiwanese national amid an investigation into a cybersecurity breach in the country’s banking system, the Ministry of Public Security said. “A number of foreign groups hav… Continue reading Vietnam arrests Taiwanese national amid banking security breach
Capital One will pay $190 million to resolve claims it jeopardized customer information in a 2019 data breach. The settlement benefits around 98 million Capital One customers whose information was compromised as part of the 2019 data breach. Read more … Continue reading Capital One to settle 2019 data breach class action lawsuit for $190 million
CNN Philippines reports: The Bangko Sentral ng Pilipinas (BSP) on Thursday announced it will sanction BDO Unibank and the Union Bank of the Philippines over the hundreds of unauthorized bank transfers last December. The BSP said its monetary board arri… Continue reading Ph: BSP sanctions BDO, UBP over December hacking incident
Oded Yaron reports: A group of hackers purportedly linked to Iran said on Monday that they had succeeded in hacking into the system used to transfer money between Israeli banks and through it entered into people’s personal accounts. However, Israel’s N… Continue reading Iranian Hackers Claim They’ve Hit the Bank of Israel – but ‘No Proof,’ Cyber Authority Says