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Monster.com Theft Worse Than Original Estimates

The number of people affected by the data breach at Monster.com is now estimated an 1.6 million. This is up from initial reports of only 46 thousand. This breach was part of an elaborate plan to steal information on hold computers hostage for ransom.

The plan started with installing a trojan horse on users computers who used Monster.com to apply for jobs. The trojan horse was installed through ads on the site. The second step was to send credible phishing emails in an effort to install two pieces of malware.

The first piece of malware is an information-stealing Trojan horse that monitors the infected PC for log-ons to online banking accounts. When the malware sniffs a log-on in process, it records the username and password, then transmits the data back to the hacker. The second piece of malware is often called ransomware. This is a trojan horse that encrypts files on the hacked computer, then hold those files hostage until the user pays a fee to unlock the data.


Annual Credit Report

You know you should get your credit report every year but have you done it this year? Why not take this labor day to get a copy of yours. You can get a free one with the link below.


Federal Court Stops Class Action Suit

The 7th U.S. Circuit Court of Appeals threw out a class action case against National Bancorp for a data theft. The theft happened in 2005 and affected tens of thousands of customers when a hacker accessed customer files.

The suit is unique in that it did not allege direct financial loss and did not claim they had been the victim of identity theft. It alleged the victims suffered "substantial potential economic damages" and demanded compensation for emotional harm out of fear they would suffer economic damages by those who stole their information.

While we would be the last to excuse National Bancorp for poor data security; this suit seems a bit frivolous without any actual damages.


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