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Industry News: ESG5

Trading Firm Virtu Sues Insurer Over $6.9m Scam Loss

2020-08-12

Finextra: In court filings unearthed by BankInfoSecurity, Virtu says that its systems were hacked in May, giving the crooks access to the email account of an executive.

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Capital One to Pay $80 Million Fine After Data Breach

2020-08-06

Yahoo News: Capital One Financial Corp <COF.N> will pay an $80 million penalty to a U.S. bank regulator after the bank suffered a massive data breach one year ago.

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Garmin Hack’s $10M Ransom Payment, $10M Tax Deduction

2020-07-27

Forbes: Yet again, there has been a major cyber attack, this time of Garmin, the navigation company. It was hit by a ransomware attack on Thursday, leaving customers to wonder whether Garmin will pay $10 Million in ransom. In the case of some hacks, people and companies pay, since the cost of being frozen out can just be too big.

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U.S. Offers $2 Million Reward In Global Search For Ukrainians Accused Of Hacking SEC Database

2020-07-22

Radio Free Europe: Artem Radchenko, 28, and Oleksandr Ieremenko, 28, acquired inside information on publicly traded companies by stealing test versions of quarterly and annual reports filed with the SEC but not yet available to investors, the Secret Servicesaid in a statement on July 22.

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Fraudsters Clone FCA Register and Website

2020-07-22

Financial Times: Fraudsters have cloned the Financial Conduct Authority's website, including a page which encourages firms to register for online invoicing and pay annual fees. 

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Twitter Blames 'Coordinated' Attack on Its Systems for Hack of Joe Biden, Barack Obama, Bill Gates and Others

2020-07-16

CNN Business: Twitter accounts belonging to Joe Biden, Bill Gates, Elon Musk and Apple, among other prominent handles, were compromised on Wednesday in what Twitter said it believes to be an attack on some of its employees with access to the company's internal tools.

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2020: The Year of Increased Attack Sophistication

2020-07-15

Help Net Security: There was an increase in both cyberattack volume and breaches during the past 12 months in the U.S. This has prompted increased investment in cyber defense, with U.S. businesses already using an average of more than nine different cybersecurity tools, a VMware survey found.

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Advent Acquisition Of Forescout Back On, Price Cut By $4 Per Share

2020-07-15

CRN: Advent International and Forescout have called off their dueling lawsuits and agreed to move forward with an acquisition for $4 per share less than the deal initially proposed in February.

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Microsoft Shuts Down CEO Fraud Scheme

2020-07-14

ACS: Microsoft has taken legal action to bring down a sophisticated cyber fraud scheme that targeted CEOs in more than 60 countries around the world.

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Hacker Breaches Security Firm in Act of Revenge

2020-07-13

ZDNet: A hacker claims to have breached the backend servers belonging to a US cyber-security firm and stolen information from the company's "data leak detection" service.

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