Adobe Fined $1M in Multistate Suit Over 2013 Breach; No Jail for Spamhaus Attacker. From KrebsOnSecurity.
Adobe will pay just $1 million to settle a lawsuit filed by 15 state attorneys general over its huge 2013 data breach that exposed payment records on approximately 38 million people. In other news, the 39-year-old Dutchman responsible for coordinating an epic, weeks-long distributed denial-of-service attack against anti-spam provider Spamhaus in 2013 will avoid any jail time for his crimes thanks to a court ruling in Amsterdam this week.
On Oct. 3, 2013, KrebsOnSecurity broke the story that Adobe had just suffered a breach in which hackers siphoned usernames, passwords and payment card data on 38 million customers. The intruders also made off with digital truckloads of source code for some of Adobe’s most valuable software properties — including Adobe Acrobat and Reader, Photoshop and ColdFusion.
- Wendy’s Says More Than 1,000 Restaurants Affected by Hack. From ABC News.
Wendy’s said hackers were able to steal customers’ credit and debit card information at 1,025 of its U.S. restaurants, far more than it originally thought. The hamburger chain said Thursday hackers were able to obtain card numbers, names, expiration dates and codes on the card, beginning in late fall. Some customers’ cards were used to make fraudulent purchases at other stores.
European Union’s First Cybersecurity Law Gets Green Light. From Bloomberg News. The European Parliament endorsed legislation that will impose security and reporting obligations on service operators in industries such as banking, energy, transport and health and on digital operators like search engines and online marketplaces. The law, voted through on Wednesday in Strasbourg, France, also requires EU national governments to cooperate among themselves in the field of network security.
EY M&A Report: Cyber security deals increased 9% in Q1 2015. From DarkReading. Following record-setting levels in 2015, global technology M&A volume rose 8% sequentially and 2% year over year (YOY) in the first quarter of 2016, to 1,002 deals, according to EY’s Global technology M&A update: January-March 2016. However, quarterly value fell 65% sequentially and 14% YOY. In spite of falling numbers, the quarter still ranked among the top 10 highest-value quarters at US$66.7b.
- Cybersecurity Hiring Stays Hot, Plus More Lateral Moves. From American Lawyer. A quartet of cybersecurity pros plies their wares at new firms; Blank Rome hires a former U.S. senator; Cooley adds a high-powered private equity team; Orrick adds again in Paris; and other notable additions from throughout The Am Law 200
Bayshore Networks® Raises $6.6 Million from Trident Capital Cybersecurity and Current Angel Investors. From Bayshore Networks. Bayshore Networks, the cybersecurity leader for the Industrial Internet of Things (IoT), today announced that it has raised $6.6 million in Series A funding from Trident Capital Cybersecurity and its existing angel investors. Alberto Yépez, managing director of Trident Capital Cybersecurity, will join the company’s board. Will Lin, vice president of Trident Capital Cybersecurity, will be a board observer.