Local Business Fined Over Data Protection Breach
 

Cellar Door, Web host fined over data protection breach

The Cellar Door, a well-known local seller of gourmet products, has been fined $5,000 for failing to protect the personal data of some of its customers and users from being posted on another website without authorisation.

Its website host, Global Interactive Works (GIW), was fined $3,000 by the Personal Data Protection Commission (PDPC). 

But it held that the personal data handled by GIW remained under The Cellar Door's control. Thus the retailer was chiefly responsible for security policies and processes. It did not even have a maintenance contract with GIW, said the PDPC.

"This was unacceptable as it left the system exposed to new vulnerabilities that regular security patching could have addressed." Read More...


 

Arrest in US$4m insider trading case from law firm hacks

US prosecutors announced criminal charges against three hackers who allegedly made US$4 million in illicit profits from insider trading of information pilfered from law firms advising on corporate mergers.

The malware permitted the hackers to monitor law firm communications about more than a dozen transactions in 2014 and 2015 that were discussed or contemplated, including some deals that were never consummated.

The hackers then bought shares of companies that would later be acquired, winning big profits. Read More...

Protect Your Data
Data is recognized as an important corporate asset that needs to be safeguarded. You should always ensure that your data are being protected against cyber attacks. Loss of data can lead to financial losses such as lost sales, fines, or monetary judgments, and negative impacts such as negative repuation and lost of trust from customers.