Security News
Palo Alto Networks is facing a proposed class action lawsuit that alleges investors were deceived about the traction of its platform tactics and hurt by an unexpectedly low billings forecast that crashed the share price. The lawsuit claims PAN made "False and/ or misleading statements" and didn't reveal that "Platformization initiatives" were not driving market share rises to a "Significant degree"; or that the corp would need to offer free products to "Entice" customers to "Adopt more of their platforms."
A law firm acting on behalf of the Nevada Attorney General Aaron Ford has asked a state court to issue a temporary restraining order denying minors access to encrypted communication in Meta's Messenger application. The legal claim cites a statement from the National Center for Missing and Exploited Children that argues Meta's provision of end-to-end encryption in Messenger "Without exceptions for child sexual abuse material placed millions of children in grave danger."
The U.S. Federal Trade Commission sued tax preparation giant H&R Block over the company's deceptive "Free" online filing advertising and for pressuring people into overpaying for its services. H&R Block employs 70,000 tax pros working in over 12,000 offices worldwide and has reported a revenue of $3.5 billion in 2023.
Operating as an Organized Retail Crime gang across online forums and social media, this fraud service provider provides illicit refunds for individuals in exchange for a fee. REKK then requested a refund, manipulating Amazon's support representatives through social engineering tactics, unauthorized access to Amazon systems, and bribing insiders to secure a refund without returning the purchased product.
Plus: Chocolate Factory launches second lawsuit against false DMCA takedowns Google has sued three scammers for offering a fake download of its Bard AI chatbot that contained malware capable of...
The U.S. Securities and Exchange Commission today charged SolarWinds with defrauding investors by allegedly concealing cybersecurity defense issues before a December 2020 linked to APT29, the Russian Foreign Intelligence Service hacking division. The SEC claims SolarWinds failed to notify investors about cybersecurity risks and poor practices that its Chief Information Security Officer, Timothy G. Brown, knew about.
The first of two US government prosecutions of former FTX CEO Sam Bankman-Fried commenced in New York on Monday, only a day after the cryptocurrency tycoon sued his own insurance company for failing to cover his legal costs. Who is SBF... Sam Bankman-Fried co-founded cryptocurrency exchange FTX and served as its CEO. He also co-founded Alameda Research, a hedge fund intertwined with FTX. SBF stepped down late last year and has been charged with fraud over allegations FTX and Alameda, among other things, siphoned billions in people's deposits to fund luxury lifestyles, invest in a whole range of businesses, and gamble on digital assets.
Genshin Impact developer miHoYohas responded to an in-game hacking situation that has caused problems recently in its player community, warning that they would take legal action against those responsible. Genshin Impact is a massively popular anime-style open-world exploration game available for Android, iOS, PS4, and Windows with over 60 million active players.
Exec faces fraud charges, one regulator wants $5 billion fine Alex Mashinsky, the now-former CEO of collapsed cryptocurrency concern Celsius, today faces charges of fraud as prosecutors and...
Hyundai and Kia cars were stolen 977 times in New York City in the first four months of 2023, and authorities have had enough. "This represents a roughly 660 percent increase in thefts of Kia and Hyundai vehicles as compared to those same months in 2022, when there were only 148 such thefts," blasts the complaint [PDF] filed with the United States District Court, Southern District of New York.