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Cybersecurity and Data Breaches

This archive displays posts tagged as relevant to cybersecurity and data breach issues. You may also be interested in the following pages:

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May 12, 2021

Registered broker-dealer GWFS Equities Inc. will pay a penalty of $1.5 million to settle allegations that it failed to respond appropriately when it detected external bad actors gaining, or attempting to gain, access to the retirement accounts of participants in the employer-sponsored retirement plans it serviced, including through the use of improperly obtained electronic login information, user names, email addresses, and passwords. There was no allegation that this personal identifying information was disclosed in a breach of GWFS systems. However, the bad actors used this information to request distributions from plan participant accounts. While GWFS detected and blocked many of these attempts, the SEC charged that GWFS failed to file suspicious activity reports, or filed incomplete SARs, with respect to the account takeovers. SEC

Listen to James Glenn, Cybersecurity Whistleblower and Constantine Cannon Client, on Tech & Main Podcast

Posted  05/10/21
Cybersecurity whistleblower James Glenn and Constantine Cannon whistleblower attorney Mike Ronickher spoke to the Tech & Main cybersecurity podcast about the experience Glenn had discovering and reporting a security flaw in Cisco’s Video Surveillance Manager software.  Glenn, who was represented by Constantine Cannon, brought a whistleblower lawsuit that resulted in the first government recovery under the False...

DOJ Previews False Claims Act Enforcement Priorities for 2021

Posted  03/5/21
Department of Justice Seal on the United States Flag
The False Claims Act is the federal government's primary enforcement tool to combat fraud against the public.  Every year the government recovers billions of dollars under the statute, primarily with the help of whistleblowers.  Under the so-called qui tam provisions of the act, whistleblowers are authorized to act as private attorneys general and bring lawsuits on behalf of the government and recover a portion of...

February 16, 2021

Nigerian national Obinwanne Okeke was sentenced to ten years in prison on charges arising from his role in a computer-based fraud scheme that caused an estimated $11 million in losses.  Okeke’s fraud included unauthorized access via email compromise to the computer systems of a division Caterpillar, from which defendant directed fraudulent wire transfers supported by fake invoices.  USAO ED VA

January 27, 2021

One of the largest marketing companies in the world, Epsilon Data Management LLC, has agreed to pay $150 million to settle claims that its Direct to Consumer (DTC) Unit knowingly sold the data of more than 30 million consumers—which the company had identified as most likely to respond to marketing solicitations—to clients it knew were engaged in fraud schemes against the elderly and other vulnerable individuals.  In addition to the monetary settlement, $127.5 million of which will be set aside for victim restitution, Epsilon has entered into a deferred prosecution agreement with the government, agreed to implement significant compliance measures to safeguard consumer data, and agreed to maintain a procedure for consumers to request that their data not be sold.  USAO CO

January 7, 2021

Andrei Tyurin, who previously pleaded guilty to an extensive computer hacking campaign that targeted financial institutions, brokerage firms, and financial publishers, was sentenced to 12 years in prison.  Tyurin’s hacking, which included the theft of data for 80 million customers of J.P. Morgan Chase, was done in part in to advance securities fraud schemes with co-conspirators.  USAO SDNY

2020 Whistleblower of the Year Candidate – Sophie Zhang

Posted  01/4/21
screenshot of facebook login website
Facebook, the world’s largest social media platform, regularly has been criticized for its inaction when it comes to tackling foreign interference and disinformation campaigns. This year, Facebook came under fire yet again when employee Sophie Zhang recounted in a departing memo shared companywide, which later was leaked to the press, that Facebook ignored widespread global political manipulation on its platform and...

October 8, 2020

CHS/Community Health Systems Inc. will pay $5 million to resolve the claims of 28 states related to a data breach that affected over six million patients, exposing their names, birthdates, social security numbers, and other information.  CHS also agreed to take undertake specific measures to help keep patients’ information secure.  NC

Top Ten Whistleblower Developments of 2019

Posted  02/6/20
Slingshot and stones
By any measure, 2019 was a Very Big Year for whistleblowers.  Our annual Top Ten lists identified 2019’s most significant financial recoveries by whistleblowers, as well as recoveries in enforcement actions at the federal and state level involving government procurement, healthcare, financial, tax, and other types of fraud.  But the numbers, as impressive as they are, can’t tell the full story of the impact that...

Constantine Cannon Whistleblower Team’s Top-Ten “Staff Picks” of 2019

Posted  01/27/20
best of the year letters on a stamp
From cybersecurity, cryptocurrency, and “big data” to private-equity backed healthcare, private detention facilities, and the essential whistleblower experience – your prolific and relentless CC WB bloggers have chosen some of their favorite 2019 posts (and one from 2018) – don’t miss these insider-favorite gems!
    1. Your worst nightmare – private data exposed to the unscrupulous – could be curbed...
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