FedEx Grapples With TNT Express Cyberattack: Time to Dump?
“FedEx’s operations have been severely hurt by the Jun 27 cyberattack on its subsidiary, TNT Express. The attack caused large-scale service delays on its TNT Express unit. Evidently, the company’s top line in first-quarter fiscal 2018 was affected, primarily due to decreased volumes at TNT Express. First-quarter results were also hampered by Hurricane Harvey. In […]
U.S. moves to ban Kaspersky software in federal agencies amid concerns of Russian espionage.
The U.S. government on Wednesday moved to ban the use of a Russian brand of security software by federal agencies amid concerns the company has ties to state-sponsored cyberespionage activities. In a binding directive, acting homeland security secretary Elaine Duke ordered that federal civilian agencies identify Kaspersky Lab software on their networks. After 90 days, […]
Equifax Faces Multibillion-Dollar Lawsuit Over Hack
A proposed class-action lawsuit was filed against Equifax Inc. late Thursday evening, shortly after the company reported that an unprecedented hack had compromised the private information of about 143 million people. In the complaint filed in Portland, Ore., federal court, users alleged Equifax was negligent in failing to protect consumer data, choosing to save money […]
HBO’s Twitter accounts hacked in latest cyberattack
“Premium cable channel HBO has fallen victim yet again to a hacker attack. This time its official Twitter account was broken into, along with accounts for several of its most popular shows. A group calling itself OurMine gained control of HBO’s main account Wednesday night, according to the Hollywood Reporter. It left a message in […]
Hackers Have Been Targeting US Nuclear And Power Plants, And Russia Is Reportedly Suspected
“Hackers believed to be working for a foreign government have recently penetrated the computer networks of power plants across the US, including a nuclear facility in Kansas, according to reports published Thursday. Security specialists have been responding to attacks at various nuclear power and energy facilities since May, according to an urgent joint report issued […]
The Petya ransomware is starting to look like a cyberattack in disguise
“The haze of yesterday’s massive ransomware attack is clearing, and Ukraine has already emerged as the epicenter of the damage. Kaspersky Labs reports that as many as 60 percent of the systems infected by the Petya ransomware were located within Ukraine, far more than anywhere else. The hack’s reach touched some of the country’s most […]
Plaintiffs’ Counsel Announce $115 Million Proposed Class Action Settlement in Anthem Data Breach Litigation
A proposed settlement has been reached in a class action lawsuit over the 2015 cyberattack of health insurer Anthem, Inc., involving the theft of the personal information of 78.8 million people. The $115 million settlement, if approved by the Court, will be the largest data breach settlement in history. Attorneys from Altshuler Berzon, Cohen Milstein, […]
Microsoft warns ransomware cyber-attack is a wake-up call
“A cyber-attack that has hit 150 countries since Friday should be treated by governments around the world as a “wake-up call”, Microsoft says. It blamed governments for storing data on software vulnerabilities which could then be accessed by hackers. It says the latest virus exploits a flaw in Microsoft Windows identified by, and stolen from, […]
Log in, look out: Cyberattack havoc may grow at week’s start
“An unprecedented ‘‘ransomware’’ cyberattack that has already hit tens of thousands of victims in 150 countries could wreak greater havoc as more malicious variations appear and people return to their desks Monday and power up computers at the start of the workweek. As a loose global network of cybersecurity experts fought a rearguard battle against […]
Global Cyberattack Reaches ‘Unprecedented’ Scale
More than 150 countries have been hit by the coordinated hack, with some of the world’s largest institutions still struggling to recover. Friday’s global cyberattack on businesses, universities, and health systems has reached new size, with large institutions and security experts hurrying to address a breach that has now affected more than 150 countries. The […]