AT&T paid $370K to hacker to delete stolen data, report says | Digital Trends

Following AT&T’s admission on Friday that a security breach had impacted tens of millions of its customers, a new report claims that the carrier paid around $370,000 to the hacker to delete all of the stolen data.

The payment was made in cryptocurrency in May, and as part of the deal the hacker had to provide a video that proved the data had been deleted, Wired reported on Sunday.

The news site carried out its own investigations into the payment and concluded that the transaction did indeed take place.

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Bitcoin drops more than 10% after security breach | BBC News

The price of bitcoin has fallen more than 10% after the Hong Kong-based digital currency exchange Bitfinex said it had suffered a major hack.

The security breach led to the possible theft of bitcoin worth $65m (£49m).

Bitfinex told the Reuters news agency on Wednesday that nearly 120,000 bitcoin were stolen from its exchange platform.

All transactions on the virtual exchange have been suspended while the security breach is investigated.

In a statement on its website, Bitfinex said that it was “deeply concerned about the issue and we are committing every resource to try to resolve it”.

The hack is one of the biggest thefts in bitcoin’s history and is being treated as a “major deal” by many in the virtual currency community.

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5 Things to Do to Fight Business Security Risks | Getentrepreneurial

Business security has come into the spotlight in the past few years, mainly due to high profile security breaches like the ones at Sony, Ashley Madison and Kaspersky Lab. Small businesses are routinely targeted by cyber criminals, due to the unsophisticated security systems that they have in place, making it easy for the attackers to steal money, data, and other business information.

Security breach compromises sensitive business data and, in many instances, lead to complete destruction of data. When credit card or financial information is stolen, it makes millions of your users or customers highly vulnerable to fraud. Digital natives place a lot of importance on how companies deal with cyber security, and prefer to do business with brands that will value and protect their personal information.

C-suite executives need to be aware of the cyber security risks that businesses face, and should have a sound plan to tackle them.

Here are a few of the top business security risks, and the ways in which you can deal with them.

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Massive Security Breach Exposes Millions of Emails | LiveScience.com

 

 

Best Buy, JP Morgan Chase, Citi, Walgreens and Capitol One are among a list of major U.S. companies whose email databases were exposed in a massive security breach last week.

The breach occurred March 30 at Epsilon, a Texas-based firm that handles email communications for more than 2,500 clients worldwide, including seven of the Fortune 10 companies. Epsilon sends 40 billion emails annually.

via Read More.