Tag Archive for: Fund

North Korea stole $2 bln in cyber attacks to fund weapons program – report – The Jerusalem Post

North Korea stole $ 2 bln in cyber attacks to fund weapons program – report  The Jerusalem Post

The North Korean mission to the United Nations did not respond to a request for comment on the report, which was submitted to the Security Council committee …

“cyber warfare news” – read more

Owner of failed nuclear plant might use golden parachute fund in settlement

A nuclear plant in a grassy field during the summer.

Enlarge / V C Summer Nuclear Station Unit 1. (credit: DJSlawSlaw / Wikimedia Commons)

Today, South Carolina energy company SCANA and its potential purchaser Dominion Energy reached a settlement with class-action litigants to offer a significant energy bill rate cut in exchange for the litigants dropping a lawsuit over $ 2 billion in energy bill fees. Attorneys for the class-action members told The Post and Courier that they will accept the deal if it’s approved.

SCANA was a 55-percent owner of the VC Summer nuclear power plant expansion, and when reactor maker Westinghouse went bankrupt early last year, the owners of the plant found themselves in a very bad position.

Stakeholders opted not to continue construction on Summer, unlike in Georgia, where a similar reactor construction project from Westinghouse found the public support to fulfill construction. Meanwhile, SCANA and its public-facing utility, South Carolina Electric and Gas (SCG&E), still found themselves on the hook after massive cost overruns. Customer energy bills subsidized the billions of dollars of construction that would ultimately go nowhere.

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Biz & IT – Ars Technica

A cybersecurity fund has returned more than 30 percent since the Equifax data breach

  1. A cybersecurity fund has returned more than 30 percent since the Equifax data breach  CNBC
  2. 9 data breach lawsuits that made headlines  KnowTechie
  3. Full coverage

data breach – read more

MalwareTech’s legal defense fund bombarded with fraudulent donations

Enlarge / Marcus Hutchins. (credit: Bloomberg via Getty Images)

Marcus Hutchins, the popular British security researcher, has a new legal headache beyond the criminal charges against him.

Hutchins, AKA “MalwareTech,” pleaded not guilty two weeks ago to criminal charges in Wisconsin that accuse him of creating and distributing the Kronos malware that steals banking credentials. Now comes word that his legal defense fund was riddled with illicit donations.

At least $ 150,000 in donations originated from stolen credit cards or fake credit card numbers, according to Tor Ekeland, a  criminal defense attorney who is not on Hutchins’ defense team. Ekeland, who became popular in hacking circles for successfully defending Andrew “weev” Auernheimer, had started a legal fund on Hutchins’ behalf.

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Biz & IT – Ars Technica