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US sanctions Chinese firm, hacker behind telecom and Treasury hacks
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Yin Kecheng, a Shanghai-based hacker for his role in the recent Treasury breach and a company associated with the Salt Typhoon threat group. “Yin Kecheng has been a cyber actor for over a decade and is affiliated with the People’s Republic of China Ministry of State…
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Law firm Wolf Haldenstein notifies 3.4 million people of data breach that compromised SSNs and medical info
Law firm Wolf Haldenstein Adler Freeman & Herz yesterday confirmed it notified 3,445,537 people of a December 2023 data breach that compromised Social Security numbers, employee ID numbers, medical diagnoses, and medical claim information. Ransomware gang Black Basta claimed responsibility for the breach shortly after it occurred. At the time, it gave Wolf Hadenstein just over a week to pay…
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Microsoft staff face second round of layoffs as firm continues cost-cutting measures
Microsoft has revealed another round of layoffs in addition to the performance-based cuts confirmed last week, according to reports from Business Insider. The layoffs will hit a range of teams across the organization, including security, sales, experiences and devices, and gaming, according to two people familiar with the matter. One source claimed employees started to receive notifications about layoffs in…
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Zellis snaps up AI-powered HR software firm elementsuite
Payroll and HR solutions provider Zellis has announced plans to acquire elementsuite in a move the firm said will expand the capabilities of its HR software offering. The transaction, for which financial terms were not disclosed, will see elementsuite combined with Zellis’ own payroll and HR software to create an end-to-end, AI-powered platform. Headquartered in Watford, elementsuite provides an AI-powered…
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45 million Americans allegedly had their location data collected and sold by this top insurance firm
If you’re asked to enable location data after downloading an app, there’s a good chance your whereabouts are being tracked. However, what happens when a company collects this data and then sells it? According to a new lawsuit from Texas Attorney General Ken Paxton, insurance company Allstate allegedly did exactly that when it unlawfully collected, used and sold data on…
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US sanctions Chinese tech firm that targets critical infrastructure
The US has imposed sanctions on a Chinese company that it said has been involved in a series of cyber attacks on critical infrastructure organizations in the US and elsewhere. According to the State Department, cyber security firm Integrity Technology Group provides services to Chinese national and municipal state security and public security bureaus, as well as other government contractors.…
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Walmart Acquires Smart TV Firm Vizio to Boost Advertising Business
Walmart has Vizio, a popular name in the American TV and entertainment business. The deal had been in the process since February this year, and Walmart has finally closed the acquisition. In their latest announcement post, Walmart shares that the Vizio deal cost $2.3 billion. The e-commerce giant received all of Vizio’s assets, including its gross profit, advertising, and data.…
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Data center firm Latos introduces itself with plans for 40 new facilities in the UK
A new data center operator has launched in the UK, saying it will open 40 facilities around the country by the end of the decade. Latos Data Centers, founded in 2021 by telecoms entrepreneur Mike Carlin, says the new facilities will be a mixture of hyperscale facilities and smaller volumetric assets at the network edge. The focus will be on…
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Hackers breach US firm over Wi-Fi from Russia in ‘Nearest Neighbor Attack’
Russian state hackers APT28 (Fancy Bear/Forest Blizzard/Sofacy) breached a U.S. company through its enterprise WiFi network while being thousands of miles away, by leveraging a novel technique called “nearest neighbor attack.” The threat actor pivoted to the target after first compromising an organization in a nearby building within the WiFi range. The attack was discovered on February 4, 2022, when cybersecurity…
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Proofpoint acquires data security posture management firm Normalyze
Cybersecurity firm Proofpoint has announced plans to acquire Normalyze, which specializes in data security posture management (DSPM). The deal, expected to close some time in November, will see Normalyze’s AI-based DSPM technology integrated into Proofpoint’s human-centric security platform. Proofpoint said the widespread adoption of AI platforms, Databases as a Service (DBaaS) and Continuous Integration/Continuous Development (CI/CD) practices has created a…
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