Cybercrime gang that stole $100M busted in international effort

A major cybercrime gang that used powerful malware to steal an estimated $100 million from bank accounts has been dismantled following an international effort that spanned six countries.
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Justice Department charges Chinese hacker for 2015 Anthem breach

U.S prosecutors have brought charges against a Chinese national for his alleged involvement of the 2015 data breach at health insurance giant Anthem, which resulted in the theft of 78 million medical records. Fujie Wang, 32, and other unnamed members of a China-based hacking group, are charged with four counts of conspiracy to commit fraud, […]

Cybersecurity insurance startup Coalition raises $40M in Series B funding

Coalition, a cybersecurity insurance company, has raised $40 million in its latest round of funding. Fintech investment giant Ribbit Capital led the investment with participation from Greenoaks Capital and Hillhouse Capital. Coalition’s insurance covers expenses incurred from liabilities related to third-parties, such as fines and penalties — as well as fraud, breach response, extortion and […]

Hundreds of Orpak gas station systems can be easily hacked thanks to hardcoded passwords

Homeland Security’s cybersecurity agency says a popular gas station software contains several security vulnerabilities that require “low skill” to exploit. The advisory, posted by the Cybersecurity and Infrastructure Security Agency (CISA), gave the Orpak SiteOmat software a rare vulnerability severity rating of 9.8 out of 10. Orpak’s SiteOmat systems monitor the amount of fuel stored […]

DDoS attack disrupted US energy company operations, government confirms

A distributed denial-of-service attack launched against an energy company providing power in several western U.S. states was enough to report “interruptions of electrical system operations” to the government’s energy authority. The “cyber event” lasted almost ten hours on March 5, according to an electric emergency and disturbance report filed with the Department of Energy by the […]