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Sony settles PSN hacking suit for $15 million
by Eric

Sony has reached a settlement in a class-action suit over the 2011 PlayStation Network hack involving the theft of names, passwords, and payment information. Most payout is in the form of free games (if you didn't claim an earlier giveaway), but those with documented identity theft charges can claim payments up to $2,500. http://goo.gl/ohJPHo

IT

If you feel like you are starting to get the flu, going to the doctor’s office can get you some medicine and get you on the road to recovery. But, there’s no pill or surgery that can protect you from medical identity theft—which can kill you. Literally. The thief who steals your i...

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Other Organizations
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Families of Immigrants Moving to US Target of Fraud

The country is abuzz with the news of migrant children who are being kept on two military bases. Apparently criminals are as well. People are setting up schemes that involve spoofing local phone numbers to extort money via bank transfers from families of migrants. http://nyti.ms/1nEj3hp

Industry Exclusive
Financials

The European Central Bank (ECB) recently confirmed an attack on their systems which resulted in a data breach and extortion attempt. The bank says, "No internal systems or market sensitive data were compromised. The database serves parts of the ECB website that gather registration...

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Government
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9/11 Commission: US unprepared for cyber attack
by Mike

The 9/11 Commission say the U.S. has failed to adapt to cyber threats. After meeting with national security officials, the Commission concluded that the U.S. is not doing enough to address cybersecurity threats. The report also concludes that the government is not doing enough to help protect the private sector. http://goo.gl/817Yif

Industry Exclusive
IT
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Android ransomware becoming nastier, more sophisticated
by Eric

A new version of Android Simplocker has arrived, with further-reaching encryption, an English notification, and an increased demand of $300. Many believed the earlier version--which demanded only $21, in Russian--was a proof-of-concept, and this appears accurate. However, the encryption is weak and can be circumvented. http://goo.gl/XHrsMe

Financials

The European Central Bank (ECB), financial headquarters of the European Union, has been hacked. The hacker penetrated the public-facing website, but did not access any of the ECB's internal servers. While most data stolen was encrypted, some names and personal data were stored in ...

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IT

The MailPoet plug-in on the popular WordPress blogging website has been exploited by hackers to take control of users' websites. Currently, an estimated 30,000 to 50,000 websites have been compromised. Although the bug has been patched in the most recent update of the plug-in, man...

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Industry Exclusive
Consumer Goods
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Residential alarm systems can be hacked and disabled
by Eric

According to a security researcher, many residential alarm systems communicate wirelessly with unencrypted signals, allowing monitoring and interception. More significantly, some alarms used a remote that let a homeowner arm and disarm their alarm without entering a password on a control panel, allowing system compromise. http://goo.gl/Se8wJN

Financials

By Damien Hugoo, Product Manager, EasySolutionsOver
the last two years, we have seen a tremendous increase in mobile malware, which
grew 167 percent in the past year,
according to the June 2014 McAfee Labs Threat Report.Here
are two major reasons why mobile malware is increasi...

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Industry Exclusive
Utilities
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Will smart meters raise insurance rates for utility companies?
by Eric

Smart meters are useful, but also present risks. For example, a Puerto Rican utility lost $400 million in one year when criminals hacked smart meters to under-report electric usage. These vulnerabilities are especially important because coverage for such events are "not currently provided by the energy insurance market." http://goo.gl/A4St97

Government

The Daily Roundup Most Notable Info In early May, the daily roundup focused on how a bill that required the installation of anti-theft features on all smartphones had been rejected by the California Senate. That bill has now been passed and has moved to a floor vote in the state...

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