Data Theft

Data Theft News

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  Cheapest Way to Rob Bank Seen in Cyber Attack Like Hustle

  The hackers often struck late on Fridays, starting about a year ago, sending skeleton crews at more than a dozen European banks rushing to keep bombardments of digital gibberish from crashing their websites.

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  China’s Cyberspies Outwit Model for Bond’s Q

  Among defense contractors, QinetiQ North America is known for spy-world connections and an eye- popping product line. Its contributions to national security include secret satellites, drones, and software used by U.S. special forces in Afghanistan and the Middle East.

• U.S. Undersecretary to Discuss Hacking With Chinese Officials

  U.S. Undersecretary of State Robert Hormats said he will discuss cybersecurity with his Chinese counterparts during his visit to the Asian nation, describing the issue as “troublesome.”

• U.S. Companies in China Say Labor Costs Pose Top Business Risk

  U.S. companies operating in China cited rising labor costs as the biggest risk to their business in the country for the first time, an annual survey by the American Chamber of Commerce in China showed.

• Steakhouse Data-Theft Leader Gets As Much as 13 1/2 Years

  The leader of a ring of waiters who copied customer credit cards at New York steakhouses including Smith & Wollensky and the Capital Grille so accomplices could buy luxury goods was ordered to go to prison for as long as 13 1/2 years.

• Pentagon’s Cyber Crime Center Says Data Probes Rose 37% in 2010

  The U.S. Defense Department agency that conducts forensic analysis of computer-related crime, intrusions and data theft reported a 37 percent increase in the volume of material it studied last year.

• Sony Unit Sued by PlayStation Customer Over Security Breach and Data Theft

  Sony Corp. ’s network entertainment unit was sued by a PlayStation customer claiming it failed to protect users’ personal information and credit-card data that the company says may have been stolen by a hacker.

• Cyber Attacks Evolving From Data Theft to `Sabotage,' U.S. Official Says

  The U.S. military should be prepared to counter cyber attacks intended to disrupt operations as well as to paralyze and destroy entire computer networks, the U.S. Cyber Command’s new head said today.

• Julius Baer Says Employee Stole German Offshore Client Data

  Julius Baer Group Ltd., the Swiss wealth manager established in 1890, is contacting German customers after an employee stole information on their offshore bank accounts in Switzerland.

• HSBC Private Bank Reverses Outflows on Asia After Data Theft `Stress Test'

  HSBC Holdings Plc ’s Swiss private bank said new money from Asia offset first-half client outflows from Europe as tax authorities in France and Italy scrutinize account details stolen by a former employee.

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