Saturday, September 17, 2016
What makes Johnny stupid?
Jon Marino reports:
A big Wall Street technology firm is being sued after allegedly falling for a run-of-the-mill email scam and wiring client funds to hackers.
SS&C Technologies, a $6 billion market capitalization company that bills itself as “the most comprehensive powerhouse of software technology in the financial services industry,” was duped by China-based hackers who sent sloppy emails to company staffers in order to trick them into releasing client money, according to a complaint.
Read more on CNBC.
[From the article:
The complaint from Tillage, a commodities investor, alleges SS&C Technologies, its fund administrator, ignored its own protocol, resulting in the lost funds.
Is there is a huge penalty for screwing up disclosure? No. But there should be.
Discussing an incident disclosed by Troy Hunt this week, Jeremy Kirk reports:
The handling of a recent data breach – the details of which are still unfolding – by Oakland, Calif.-based web services company Regpack provides a look into how the discovery and disclosure of a breach can turn into a real train wreck.
Read Jeremy’s article on BankInfoSecurity.
Ask them when they actually cracked the phone. I’m guessing it was much earlier than they admit.
FBI faces lawsuit for silence on iPhone 5c hack
The FBI’s refusal to reveal how it accessed an iPhone 5c from a San Bernardino mass shooter will face scrutiny in court. USA Today’s parent company and two other news groups have filed a lawsuit against the agency, demanding it turn over the details.