Search Results for: cyberattack
CEO fired after firm loses millions following email scam
June 1st, 2016
FACC, an Austrian aerospace manufacturer, has fired its CEO, Walter Stephan, after losing €50million (£38.5million) in a business email compromise scam at the beginning of the year. The scam impersonates an executive – preferably a finance one – and ...
Exness experiences ongoing DDoS attacks causing service disruptions
April 13th, 2016
Exness has issued an announcement to inform that the company is experiencing a spate of ongoing denial of service (DDoS) attacks. Below is the announcement as it was published from Exness: Dear Client, We are currently experiencing a spate of ...
Hackers Breach Law Firms, Including Cravath, Weil Gotshal
March 30th, 2016
Federal investigators explore whether cybercriminals stole confidential information to be used for insider trading Hackers broke into the computer networks at some of the country’s most prestigious law firms, and federal investigators are exploring whether they stole confidential information ...
Bitcoin technology heralds ‘smart contracts’ era
January 27th, 2016
The technology behind the Bitcoin digital currency could usher in an era of ‘smart contracts’ and enable the creation of a tamper-proof Land Registry database, legal technology experts said this week in the wake of a landmark government report. ...
Is Bitcoin Breaking Up?
January 18th, 2016
Rift widening over how to deal with the size limits within the virtual currency’s ledger of transactions A prominent bitcoin developer has labeled the currency a failed experiment, widening the rift over an arcane but critical technical issue that ...
EU: Council agreed on first ever EU rules on cybersecurity
December 9th, 2015
MEPs close deal with Council on first ever EU rules on cybersecurity Transport and energy companies will have to ensure that the digital infrastructure that they use to deliver essential services, such as traffic control or electricity grid management, ...
ISIS parks its cash in Bitcoin, experts say
November 26th, 2015
Just days after the hacker group Anonymous pledged to hunt down Islamic State members and launch cyberattacks against their accounts, a separate group of techies claims it has identified a key funding avenue for the terror network – bitcoin accounts. Ghost ...
FBI has lead in probe of 1.2 billion stolen Web credentials: documents
November 25th, 2015
A hacker who once advertised having access to user account information for websites like Facebook (FB.O) and Twitter (TWTR.N) has been linked through a Russian email address to the theft of a record 1.2 billion Internet credentials, the FBI ...
Hackers siphon off $31 million from British bank accounts
October 15th, 2015
Crime agencies from across Europe partner with the FBI to investigate and shut down the spread of Dridex banking malware. Hackers have stolen more than £20 million ($31 million) from British online bank accounts using hostile, intrusive software that ...
EY and Los Alamos National Laboratory Make New Cybersecurity Tools Available to the Private Sector
August 26th, 2015
Ernst & Young LLP and Los Alamos National Laboratory have formed a strategic alliance to deliver some of the most advanced behavioral cybersecurity tools available to the commercial market. “Cybersecurity attacks are ever more frequent and more sophisticated, and ...
