Settlement in Landmark Case Tied to Data Breach on Breachforums In a notable legal development, a 22-year-old former administrator of the cybercrime forum Breachforums has agreed to pay nearly $700,000 to resolve a civil lawsuit filed by a health insurance company. The lawsuit ensued after sensitive customer data was put…
Vought Faces Pressure from Financial Technology Association Over Regulatory Changes On Monday, Vought, who also holds the position of director at the White House Office of Management and Budget (OMB), received a letter from the Financial Technology Association (FTA). This letter urged the withdrawal of a proposed rule, arguing that…
Coinbase, a leading cryptocurrency exchange based in the United States, recently fell victim to a substantial cyberattack, with potential losses projected between $180 million and $400 million for the current fiscal year. This assessment stems from an internal analysis conducted by the exchange, which indicated a notable decline in share…
Blockchain & Cryptocurrency, Cryptocurrency Fraud, Fraud Management & Cybercrime Recent Developments: Sentencing of an Irish Crypto Launderer and an ISIS Financier Rashmi Ramesh (@rashmiramesh_) • May 15, 2025 Image: Shutterstock Every week, Information Security Media Group summarizes cybersecurity incidents in digital assets. This report includes prison sentences for a former…
A recent report has highlighted significant gaps in data security measures within healthcare institutions, drawing a stark comparison to the safeguards employed by financial institutions. An individual cited by CBC expressed concern, asking, “How can a banking institution have those sorts of safeguards in place, but there are no alerts…
Russian-Backed Hackers Exploit Vulnerabilities in Mail Servers Worldwide In a significant security breach, threat actors associated with the Russian government have compromised several high-profile mail servers globally by exploiting cross-site scripting (XSS) vulnerabilities. This type of flaw, which has been among the most frequently targeted by cybercriminals over the years,…
The financial impact of data breaches is climbing alarmingly. By the close of 2025, estimates suggest the average cost of a data breach may surpass USD 4 million, with a staggering figure of approximately USD 4.86 million already being reported worldwide in 2024. Heightened frequency in data leaks and cyberattacks…
Cyberwarfare / Nation-State Attacks, Fraud Management & Cybercrime New Report Unveils North Korean Operatives in Leading Blockchain and Web3 Initiatives Chris Riotta (@chrisriotta) • May 14, 2025 A detail from the Monument to Party Founding in Pyongyang, North Korea. (Image: Anton Ivanov/Shutterstock) A recent investigation by a cybersecurity firm highlights…
Massive Data Breach Exposes 89 Million Steam Accounts In a significant cybersecurity incident, details from approximately 89 million Steam accounts have reportedly been compromised. According to a recent analysis by cybersecurity firm Underdark, this sensitive information, which includes one-time passwords and phone numbers, is being offered for sale on the…
