: China, the world’s go-to suspect when it comes to IT security, is finally acknowledging its hacking problem. Beijing also started a campaign to crack-down on non-government-approved Chinese hackers who stole personal data from 100 million people in January. Irony is a dish best served … with mu shu pork and maybe a side order of white rice. Best quote from Chinese-news site Caixin’s story on the subject: “China's Ministry of Industry and Information Technology … denounced the slew of hackings, saying they infringed on Internet users' legal rights."
LulzSec, Antisec and Anonymous Learn about Honor Among Thieves: Authorities arrested three people allegedly affiliated with LulzSec, Anonymous and Antisec based on information from a fellow group member turned informant. Hector Xavier Monsegur, the alleged former leader of LulzSec who went by the code name “Sabu,” rolled over on his comrades after being arrested last August.
Global Payments: "Only" 1.5M Credit-Card Numbers Stolen: Global Payments announced in April that it had “contained” an incident in which fewer than 1.5 million credit card numbers were hacked. And that's actually good news. Sort of. When Visa and MasterCard first alerted banks to the incident, the estimate was around 10 million.
Russian Security Firm Says Cost of Russian Cybercrime Doubles in a Year: Russia's cybercrime market is now valued at $2.3 billion, nearly double last year’s total of $1.2 billion, according to an April report by Russian security firm Group-IB. Unfortunately the report gives no information on the data that the statement is based on.
Computer Virus Blamed for Shooting off $400,000 worth of Fireworks in 15 Seconds:
Yahoo! Gives Away 400,000 User Passwords: Data was stored without encryption.