Law360.com reported that “Facebook told a California federal judge Monday it had reached a mid-trial settlement of BladeRoom Group Ltd.’s $365 million data center trade secrets suit, prompting co-defendant Emerson Electric Co. to unsuccessfully seek a mistrial on grounds that Facebook’s ongoing Cambridge Analytica scandal will bias jurors against it.”
Don’t Trust Public Wifi is One of 5 Ways to Avoid Fraud This Tax Season!
By Peter Vogel on
Darkreading.com reported very bad news about tax season fraud that “Sixty days into the 2017 tax season, that same preparer had 1.5 million user authentication attempts with more than 28,700 of them being either denied access or asked for more authentication.” The April 6, 2018 reported entitled “Protect Yourself…
Continue Reading Don’t Trust Public Wifi is One of 5 Ways to Avoid Fraud This Tax Season!
No surprise – Cyber attacks directed at Cryptocurrency!
By Peter Vogel on
Darkreading.com reported that Web injects have led to “recent evidence of threat actors using Web injects to target cryptocurrency exchange Coinbase and Bitcoin wallet Blockchain.info.” The March 22, 2018 article entitled “Criminals Using Web Injects to Steal Cryptocurrency” included this description of Web injects:
Web injects is basically…
Continue Reading No surprise – Cyber attacks directed at Cryptocurrency!
Mark Zuckerberg requested to testify to Congress about Facebook/Cambridge Analytica Privacy
By Peter Vogel on
The Washington Post reported that there was an official request for Mark Zuckerberg to testify at the House Energy and Commerce Committee since the Committee believes the “CEO of Facebook, he is the right witness to provide answers to the American people. We look forward to working with Facebook and…
Blockchain insurance promises faster claims payments and cheaper coverage!
By Peter Vogel on
Insurance.com reported that Allstate Insurance is optimistic that “Blockchain has the potential to revolutionize underwriting…” The March 16, 2018 article entitled “Blockchain could ‘revolutionize’ insurance” included these comments from Dale Sherman, Allstate vice president of claims:
Coverage could be just-in-time or on-demand. You can imagine mile-by-mile insurance for…
Continue Reading Blockchain insurance promises faster claims payments and cheaper coverage!
Cyberintrusions by Russia put US power infrastructure in jeopardy!
By Peter Vogel on
The Washington Post reported that “Since at least March 2016… Russian hackers have ‘targeted U.S. government entities and multiple U.S. critical infrastructure sectors, including the energy, nuclear, commercial facilities, water, aviation, and critical manufacturing sectors.’” The March 16, 2018 report entitled “Why Russian hackers aren’t poised to plunge the…
Continue Reading Cyberintrusions by Russia put US power infrastructure in jeopardy!
Yahoo’s ToS limitations of liabilities challenged in Cyberbreach of 3 billion users!
By Peter Vogel on
Reuters reported that Judge Lucy Kohl ruled that “the plaintiffs could try to show that liability limits in Yahoo’s terms of service were “unconscionable,” given the allegations that Yahoo knew its security was deficient but did little.” The March 12, 2018 article entitled “Data breach victims can sue Yahoo…
Court orders that Cryptocurrencies should be regulated by the US government!
By Peter Vogel on
Law.com reported “that virtual currencies can be regulated by the U.S. Commodity Futures Trading Commission [CFTC].” The March 8, 2018 report entitled “Federal Court Just Ruled CFTC Can Regulate Crypto—But Agency Isn’t Alone” included these questions resolved by US District Judge Weinstein (Eastern District of New York) with…
Continue Reading Court orders that Cryptocurrencies should be regulated by the US government!
Tax phishing attacks leads to theft of millions of passwords at Office365 (think Microsoft)!
By Peter Vogel on
Darkreading.com reported a “new wave of phishing attacks aims to dupe users and steal their passwords by disguising malicious emails as tax-related notifications from the IRS.” The March 2, 2018 report entitled “Millions of Office 365 Accounts Hit with Password Stealers” included these comments:
Barracuda Networks last month…
Equifax only had $75M in cybersecurity insurance but expect claims of at least $275M!
By Peter Vogel on
Reuters reported that Equifax’s 2017 cyber incident where +147M consumers’ data was stolen included “costs mainly reflect technology and data security upgrades, legal fees, and free identity theft protection and credit monitoring offered to the more than 147 million consumers affected by the cyber security incident.” The March 2, 2018…