The May 2014 indictment of five Chinese soldiers accused of hacking US companies to steal trade secrets seemed to be the end of the road and the case had gone quiet.
But US authorities say that a May 2014 case against five Chinese soliders accused of hacking US companies stealing trade secrets is still...
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Category: Data Breach
When business owners bank accounts hacked banks don’t pay
While individuals whose bank accounts are hacked removing funds can recover their losses from banks, small businesses often cannot. Regulation E of the Electronic Fund Transfer Act requires banks to bear the burden of hacking losses for the most part. That's not the case for small businesses. The only...
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Cuts to IRS budget boon to criminals, tax cheats and hackers: Ron Wyden says
Proposed cuts to the IRS's budget, saying the move is a boon to tax cheats and hackers says Senator Ron Wyden from Oregon. The ranking member on the Finance Committee, said in a letter Wednesday that past and pending budget cuts have forced the tax agency to pull back on its enforcement work and...
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IRS web site hit with major data breach
A web site which processes tax forms for nonprofit groups for the Internal Revenue Service(IRS) had a major data breach, it has been announced. Operated by the Urban Institute's National Center for Charitable Statistics, or NCCS. The group announced it had recently discovered that an unauthorized party or parties gained access to the Form...
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NEW KIND OF CYBER ATTACK USES PDF’S IN EMAILS
Security experts have identified a new threat being used in cyber attacks on computers and industries by injecting malware into networks using PDF files. These attacks have so far targeted defense, chemical and technology industries but that is expected to expand. The new finding of researchers came up this week when a targeted attack...
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WHITE HOUSE PREPARING SWEEPING EXECUTIVE ORDER ON CYBERSECURITY
The Senate has failed to pass the cybersecurity legislation, which would have set voluntary security standards for companies operating critical infrastructure, such as the electric grid and water treatment facilities. Some Congressional leaders said recently that a major cyber security attack is imminent and the Pentagon agrees. The White House is now penning an...
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COMPANY LAUNCHES NEW CYBER THREAT ANALYSIS TO HEALTH CARE PROVIDERS
HITRUST L.L.C. has launched a cyber threat analysis service designed specifically for the health care industry.Called C-TAS, the program is available through its Cybersecurity Incident Response and Coordination Center, the company known as the Health Information Trust Alliance announced in a statement Tuesday. The service aims to help protect health, personal and financial information...
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LIEBERMAN: CYBER ATTACK ON U.S. IMMINENT
A cyberspace attack on the nation could cripple key electrical and transportation systems, according to Senator Joseph Lieberman of Connecticut. Congress is considering the Cybersecurity Act of 2012 if which he says could prevent an imminent attack. He says that countries and terrorist groups as well as organized crime are trying to steal industrial...
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BETH ISRAEL SUFFERS SIGNIFICANT DATA BREACH OF HEALTH PROTECTED INFORMATION
Beth Israel Deaconess Medical Center in Boston has learned that over 3900 individuals had a potential breach of protected health information resulting from a physician's stolen personal laptop computer. The computer was stolen on May 22 and contained a tracking device which has not resulting in locating it. The hospital is notifying the patients...
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BRITISH NEWSPAPER SAYS EUROPEAN COMMISSION PLANS CRACKS DOWN ON FACEBOOK DATA MINING
According to a news report in a major British publication, the European Commission may be planning to stop Facebook from data mining its information on users about their political beliefs, sexuality, religion and even their whereabouts and restrict transfer of such information to advertisers. This is what Facebook does not. A Directive is being...
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