A former Expedia IT professional admitted on Monday to illegally trading on secrets he discovered by hacking his own company’s senior executives. Jonathan Ly stole passwords and infiltrated devices of Expedia’s (EXPE) chief financial officer and head of investor relations, allowing him to make a series of “highly profitable” trades in stock options that scored him $331,000, according to prosecutors.
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Insider threats and the misuse of data stored in the cloud has long been a concern for agency and IT leaders. But what remains clear, according to a new survey by the Cloud Security Alliance (CSA), is that there is clear lack of procedure for dealing with these instances in cloud computing.
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Three men have been arrested in connection with a data breach at UK operator Three which resulted in the illegal interception of mobile devices heading for customers.
Full article via InfoSecurity Magazine
UK bank confirms attack, but so far has not used the word ‘hack.’
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