quora
Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

Electronics Giant Samsung Confirms a Data Breach Affecting Personal Information of Customers

n-img-electronics

Samsung announced a data breach involving customers’ personal information, assuring that social security data of customers has’t been impacted. The company hired a law enforcement agency to secure its system. 

Samsung informed its users regarding a cybersecurity incident leading to the compromise of customers’ data. According to Samsung, the company suffered through a data breach in July and was discovered on August 4, 2022. Samsung confirmed the breaching and exfiltration of customers’ data, including names, demographic information, contacts, and product registration information. 

Samsung clarified that data stolen for each customer might vary. Furthermore, credit & debit cards and social security numbers remained unaffected. 

“This has been a tough year for Samsung, and it’s clear that damage caused by the Lapsus$ ransomware gang was far worse than initially thought,” Tiberium.io CEO Drew Perry told Spiceworks, “this highlights that when it comes to ransomware, prevention is always better, and more cost-effective, than cure.”

Stolen data suggests that phishing attacks can target impacted customers. Samsung didn’t recommend instant action for them but advised to stay vigilant regarding unsolicited communications, asking for their personal information by referring them to a webpage or requiring them to click on links and attachments. 

Samsung spokesperson Chris Langlois told TechCrunch through email via crisis communication Edelman that demographic data of customers was used for the sake of advertisement but didn’t specify the nature of the date. Moreover, Langlois didn’t comment on why Samsung didn’t notify customers immediately regarding the data breach. 

One month after they learned about the incident, the electronics’ American division informed the consumers. The South Korean army has already informed law enforcement and is sorting out this issue with a cybersecurity company’s help. 

In March, Samsung was also targeted by the Lapsus$ cyber extortion group, resulting in 190 gigabytes of proprietary information breach, including Trusted Applet (TA) used in hardware cryptography, devices’ source codes, binary encryption, algorithms for all biometric unlocking operations, and more.

Suggested Read: US Blocks Tornado Cash Investors for Money Laundering Risks & Links to Korean Hackers

Related Posts

News

Ransomware attacks rise as criminals target remote working

Ransomware attacks are getting bigger and bolder at a time where many organisations are implement...

Ransomware attacks rise as criminals target remote working Explore More

News

Isle of Man Urged to Take Further Steps to Counter Money Laundering

The Council of Europe’s anti-money laundering committee has again called for an extension in the ...

Isle of Man Urged to Take Further Steps to Counter Money Laundering Explore More

News

Swiss Prosecutor Identifies Trail to Credit Suisse Money Laundering Case

A Swiss Prosecutor has identified the trail leading to the Credit Suisse money laundering case wo...

Swiss Prosecutor Identifies Trail to Credit Suisse Money Laundering Case Explore More

News

National Westminster Bank Pleads Guilty to AML Breaches

NatWest has stated that it violated multiple anti-money laundering regulations that required the ...

National Westminster Bank Pleads Guilty to AML Breaches Explore More

News

CBN Introduces Guidelines to Curb Money Laundering in the Financial Sector

The Central Bank of Nigeria (CBN) has issued guidelines on anti-money laundering and combating th...

CBN Introduces Guidelines to Curb Money Laundering in the Financial Sector Explore More

News

Large Korean bank to pay a huge fine for violating AML law

NEW YORK, April 20 (Reuters) – Industrial Bank of Korea 024110.KS, one of South Korea’...

Large Korean bank to pay a huge fine for violating AML law Explore More

News

Amazon Challenges Pentagon’s $10 Billion Contract To Microsoft

Amazon said on Thursday, that it is going to challenge a $10 billion contract awarded to Microsof...

Amazon Challenges Pentagon’s $10 Billion Contract To Microsoft Explore More

News

UK Government Proposes New Cybersecurity Laws

The UK government proposed new laws for cybersecurity last week to increase security standards in...

UK Government Proposes New Cybersecurity Laws Explore More

News

Isle of Man Urged to Take Further Steps to Counter Money Laundering

The Council of Europe’s anti-money laundering committee has again called for an extension in the ...

Isle of Man Urged to Take Further Steps to Counter Money Laundering Explore More

News

Feds Bust Columbian Drug Cartel’s Scheme to Launder “Millions” Through US Banks

A Columbian drug cartel’s scheme was busted by the federal prosecutors who moved millions through...

Feds Bust Columbian Drug Cartel’s Scheme to Launder “Millions” Through US Banks Explore More

News

ACMA Introduces New Policies to Combat SIM-Swapping Scams at Telcos

New policies have been introduced by ACMA to prevent SIM-Swapping attack for Telcos to protect us...

ACMA Introduces New Policies to Combat SIM-Swapping Scams at Telcos Explore More

News

New Zealand to Update AML/CFT Regulation ​​from 9 July 2021

Among other changes, reporting entities have been directed to conduct customer due diligence on n...

New Zealand to Update AML/CFT Regulation ​​from 9 July 2021 Explore More

News

Customers warned of scams by the UK banking lobby amid COVID-19

Banking customers should be aware of fraudsters who are exploiting the COVID-19 epidemic to carry...

Customers warned of scams by the UK banking lobby amid COVID-19 Explore More

News

MENAFATF Adopts Abu Dhabi Recommendations to Counter Money Laundering and Terrorism Financing

An international group based on the FATF format, MENAFATF, has adopted the Abu Dhabi recommendati...

MENAFATF Adopts Abu Dhabi Recommendations to Counter Money Laundering and Terrorism Financing Explore More

News

Europol Arrests 106 Suspects in Money Laundering, Online Fraud Case

The organised crime operation involved phishing scams and numerous business email compromise atta...

Europol Arrests 106 Suspects in Money Laundering, Online Fraud Case Explore More

News

UK MPs Call for Improved Crypto Regulations to Prevent Losses

Ministers of the UK Parliament are calling for more rigid cryptocurrency regulations from the ASA...

UK MPs Call for Improved Crypto Regulations to Prevent Losses Explore More

News

MFSA Tightens Financial Regulations for Lawyers, Auditors, and Accountants

Professionals in Malta, lawyers, accountants, and auditors, etc. are resisting the new rules that...

MFSA Tightens Financial Regulations for Lawyers, Auditors, and Accountants Explore More

News

Dutch Authorities Seize $29 Million in Cryptocurrencies After Money Laundering Investigation

$29 million in crypto were seized over the last few months in money laundering investigations car...

Dutch Authorities Seize $29 Million in Cryptocurrencies After Money Laundering Investigation Explore More

News

UAE Delegation to Visit the US to Discuss AML Initiatives

The UAE and the US put forward their efforts to minimize the risks associated with virtual assets...

UAE Delegation to Visit the US to Discuss AML Initiatives Explore More

News

Crypto Scams Reach New Heights in 2020 With $24M Stolen So Far

Whale Alert alleges that crypto scams are skyrocketing so far in 2020.  A report revealed,scammer...

Crypto Scams Reach New Heights in 2020 With $24M Stolen So Far Explore More

News

Egypt Government to Establish Central Bank Unit for AML and CFT

On Wednesday the cabinet approved a draft law amending some regulations within the Anti-Money Lau...

Egypt Government to Establish Central Bank Unit for AML and CFT Explore More

News

HKMA Fines Cathay United Bank’s Hong Kong Branch with HK$11m

HKMA investigated CUBHK for violating the Anti-Money Laundering and Counter-Terrorist Financing O...

HKMA Fines Cathay United Bank’s Hong Kong Branch with HK$11m Explore More

News

Nigeria Employs New BOR Initiative to be Removed from FATF’s Gray List

A Beneficial Ownership Register (BOR) has been inaugurated by the Corporate Affairs Commission (C...

Nigeria Employs New BOR Initiative to be Removed from FATF’s Gray List Explore More

News

Taiwan and Singapore Strengthen AML Regulations for Virtual Asset Providers and Banks

Taiwan and Singapore enhance Anti-Money Laundering (AML) regulations for virtual asset service pr...

Taiwan and Singapore Strengthen AML Regulations for Virtual Asset Providers and Banks Explore More

News

Japanese Gaming Giant Capcom Fell Victim to Cyberattacks

The famous gaming giant, Capcom, is being blackmailed by cyberattackers to pay $11 million bitcoi...

Japanese Gaming Giant Capcom Fell Victim to Cyberattacks Explore More

News

Bank of Ghana Issues New Guidelines for AML and CTF

The Bank of Ghana (BOG) has introduced new directives on Anti Money Laundering/Combating the Fina...

Bank of Ghana Issues New Guidelines for AML and CTF Explore More

News

IMF Advocates CBDC and Global Crypto Regulations for Financial Stability

The new policies advocated by the IMF seek to minimize financial risks associated with the global...

IMF Advocates CBDC and Global Crypto Regulations for Financial Stability Explore More

News

Nigeria, Myanmar, and Türkiye Take Effective Steps to Meet FATF Recommendations

Myanmar, Nigeria, and Türkiye are implementing effective measures to level up anti-money launderi...

Nigeria, Myanmar, and  Türkiye Take Effective Steps to Meet FATF Recommendations Explore More

News

UBS to Restrict Credit Suisse Bankers After Takeover

The bankers of Credit Suisse (CSGN.S) will be subjected to tighter regulations introduced by UBS ...

UBS to Restrict Credit Suisse Bankers After Takeover Explore More

News

Money Laundering Scheme by Crime Gangs Focuses on Ireland

International criminal organisations are using millions of euros in legitimate products to mask s...

Money Laundering Scheme by Crime Gangs Focuses on Ireland Explore More

News

UAE Central Bank Fines Firm $490,000 for Violating AML/CFT laws

The UAE’s Central Bank has charged a financial firm Dh1.8 million ($490,000) over breaching the c...

UAE Central Bank Fines Firm $490,000 for Violating AML/CFT laws Explore More

News

Credit Cards are Risky for Crypto Transactions, Says Taiwan’s Financial Watchdog

Credit cards should not be used for crypto-related transactions, as stated by Taiwan’s financial ...

Credit Cards are Risky for Crypto Transactions, Says Taiwan’s Financial Watchdog Explore More

News

The UK Law Firms Approve the Use of AI in AML Armoury

The Legal Sector Affinity Group is the governing body of all the UK’s legal regulatory and repres...

The UK Law Firms Approve the Use of AI in AML Armoury Explore More

News

China’s Law Enforcement Authorities Issue Warning Against NFTs to Curb Financial Crimes

China’s three major banking regulators have issued a warning against non-fungible tokens (NFTs) w...

China’s Law Enforcement Authorities Issue Warning Against NFTs to Curb Financial Crimes Explore More

News

Ransomware attack exposes 1.5TB of stolen aerospace data

ST Engineering Aerospace’s US subsidiary experienced a ransomware attack that extracted about 1.5...

Ransomware attack exposes 1.5TB of stolen aerospace data Explore More

News

Cyprus Makes Progress in Implementing AML Measures

There has been “slight progress” made by Cyprus in implementing anti-money laundering measures, b...

Cyprus Makes Progress in Implementing AML Measures Explore More

News

GIABA to Release Liberia’s AML and CFT Compliance Evaluation Report

The GIABA has finally released its findings about Liberia’s gains and challenges in the fight aga...

GIABA to Release Liberia’s AML and CFT Compliance Evaluation Report Explore More

News

Swiss Govt. to Amend Banking Act for Press Freedom in Finance Sector

The Swiss Government has signaled to amend the banking act for press freedom in the finance secto...

Swiss Govt. to Amend Banking Act for Press Freedom in Finance Sector Explore More

News

FCA Imposed a $1.05M fine on Barclays Bank for “Oversight Failings”

The U.K. Financial Conduct Authority (FCA) on Monday revealed that it imposed a fine of 783,800 p...

FCA Imposed a $1.05M fine on Barclays Bank for “Oversight Failings” Explore More

News

UAE Authorities to Coordinate Efforts Against ML/TF Among NPOs

The UAE’s Ministry of Community Development and the Financial Intelligence Unit have established ...

UAE Authorities to Coordinate Efforts Against ML/TF Among NPOs Explore More

News

Amended Secrecy Law to Help Philippines Exit the Grey-List

The Philippines has proposed amendments to the Banking Secrecy Law to regulate financial accounts...

Amended Secrecy Law to Help Philippines Exit the Grey-List Explore More

News

Coronavirus outbreak exploited by internet scammers

Americans are advised to stay watchful of cybercriminals’ attempts to misuse the life-threatening...

Coronavirus outbreak exploited by internet scammers Explore More

News

MEF Implements New Tax Rules on Commercial Gambling Businesses to Curb Financial Crime

The Ministry of Economy and Finance (MEF) brought about new tax rules on commercial gambling busi...

MEF Implements New Tax Rules on Commercial Gambling Businesses to Curb Financial Crime Explore More

News

Coincheck customers fall victim to a data breach

In 2018, Coincheck, the Japanese firm, fell victim to probably the largest cryptocurrency hack in...

Coincheck customers fall victim to a data breach Explore More

News

Turkey Set to Toughen AML Laws on Crypto Asset Platforms

Turkey is designing new and stricter obligations to prevent crypto-asset platforms from money lau...

Turkey Set to Toughen AML Laws on Crypto Asset Platforms Explore More

News

Liberian Ministers Allegedly Laundering Money Using Foreign Lobbying Contracts, Investigation Reveals

Liberia, one of the poorest countries in the world, is said to spend an enormous and highly suspi...

Liberian Ministers Allegedly Laundering Money Using Foreign Lobbying Contracts, Investigation Reveals Explore More

News

Transnational Organised Crime at Peak in Latin America through Cryptocurrencies

Transnational criminal organisations that have moved billions of dollars across Latin America are...

Transnational Organised Crime at Peak in Latin America through Cryptocurrencies Explore More

News

Cryptocurrency Fraud Reports to UK Action Fraud More Than Double in 2021

The study advises financial regulators to place more pressure on cryptocurrency institutions to c...

Cryptocurrency Fraud Reports to UK Action Fraud More Than Double in 2021 Explore More

News

Swedish Bank SEB Accused of Money Laundering

Investigations done by the news agency TT and broadcaster SVT revealed that 25 SEB clients record...

Swedish Bank SEB Accused of Money Laundering Explore More

News

China Postpones New AML Rules Amid Privacy Concerns and Pushbacks

China has delayed the introduction of new rules for due diligence as financial institutions requi...

China Postpones New AML Rules Amid Privacy Concerns and Pushbacks Explore More

News

New ultrasonic hack can manipulate your digital assistant

Researchers are advising consumers about a new type of hack that has recently emerged. It involve...

New ultrasonic hack can manipulate your digital assistant Explore More

News

FinCEN Shutting the Channels of Financial Crimes Directed through Shell Companies

A major path of money laundering and tax evasion has been shut off by FinCEN with their new regul...

FinCEN Shutting the Channels of Financial Crimes Directed through Shell Companies Explore More

News

UAE Central Bank Issues New AML/CFT Guidelines for Licensed Financial Institutions

CBUAE (Central Bank of UAE) has administered new AML/CFT guidance for Licensed Financial Institut...

UAE Central Bank Issues New AML/CFT Guidelines for Licensed Financial Institutions Explore More

News

CBUAE Revokes Dollar Exchange’s Licence over Regulatory Misconduct

The UAE Central Bank has revoked the licence of a dollar exchange house after it failed to keep a...

CBUAE Revokes Dollar Exchange’s Licence over  Regulatory  Misconduct Explore More

News

Hong Kong Amends AML/CTF Laws to Include Crypto Exchanges

Hong Kong’s legislative council has amended its Anti Money Laundering and  Countering Terrorist F...

Hong Kong Amends AML/CTF Laws to Include Crypto Exchanges Explore More

News

Taiwan Initiates Industry Association to Regulate Cryptocurrency Sector

Nine crypto exchange platforms formed a group to create an industry association to regulate Taiwa...

Taiwan Initiates Industry Association to Regulate Cryptocurrency Sector Explore More

News

The Naivas Data Breach | A Wake-Up Call for Firms to Follow Privacy Laws

Naivas, one of Kenya’s largest supermarkets, recently suffered a data breach, highlighting ...

The Naivas Data Breach | A Wake-Up Call for Firms to Follow Privacy Laws Explore More

News

Equifax Survey shows Britain Prefers Biometric Verification

Credit reporting agency, Equifax, reports that Brits are much more open to adopting biometric aut...

Equifax Survey shows Britain Prefers Biometric Verification Explore More

News

Increasing Use of Cryptocurrency for Money Laundering Causes Concern in the Philippines

The use of cryptocurrency in money laundering is raising alarm for the Philippine Central Cank. T...

Increasing Use of Cryptocurrency for Money Laundering Causes Concern in the Philippines Explore More

News

Following an FCA Crackdown, Cryptocurrency Investors to Wait 24 Hours Before Completing Their Transactions in the UK

The Financial Conduct Authority (FCA) crackdown forces new crypto investors in the UK to wait 24 ...

Following an FCA Crackdown, Cryptocurrency Investors to Wait 24 Hours Before Completing Their Transactions in the UK Explore More

News

WhatsApp Introduces Fingerprint Authentication For Android

WhatsApp has recently announced that its app can be locked with a fingerprint, now available on A...

WhatsApp Introduces Fingerprint Authentication For Android Explore More

News

China’s Law Enforcement Authorities Issue Warning Against NFTs to Curb Financial Crimes

China’s three major banking regulators have issued a warning against non-fungible tokens (NFTs) w...

China’s Law Enforcement Authorities Issue Warning Against NFTs to Curb Financial Crimes Explore More

News

Gambling Commission Imposed a £6.1 Million Fine on Touch Games for Money Laundering Failings

The Touch Games, a gambling firm that operates 11 websites, has been fined £6.1 million over fail...

Gambling Commission Imposed a £6.1 Million Fine on Touch Games for Money Laundering Failings Explore More

News

Five Kenyan banks fined under AML laws

Five commercial banks were imposed a fine of $3.75 million in Kenya for failing to report suspici...

Five Kenyan banks fined under AML laws Explore More

News

EBRD and Central Bank of Jordan Raise Awareness Against Financial Crime

EBRD and the Central bank of Jordan join hands in running campaigns to raise awareness for the tr...

EBRD and Central Bank of Jordan Raise Awareness Against Financial Crime Explore More

News

NYDFS Reminds BitLicense Holders to Follow Rules

NYDFS (New York Department of Financial Service) has restated custody and disclosure requirements...

NYDFS Reminds BitLicense Holders to Follow Rules Explore More

News

Hungary Becomes “Largely Compliant” with FATF Standards After Improving AML/CFT Measures

The Anti-Money Laundering Body of the Council of Europe has stated that Hungary has improved its ...

Hungary Becomes “Largely Compliant” with FATF Standards After Improving AML/CFT Measures Explore More

News

BaFin Imposes $10M Fine on Deutsche Bank for Euribor Control Failing

Deutsche Bank faces challenges as BaFin imposes a 10-million dollar fine for Euribor control fail...

BaFin Imposes $10M Fine on Deutsche Bank for Euribor Control Failing Explore More

News

Swedbank Fined And Remains Under Investigation by US Authorities

As Danske Bank awaits judgment by US regulators for being involved in Europe’s largest-ever money...

Swedbank Fined And Remains Under Investigation by US Authorities Explore More

News

Seattle Airport Resists Federal Push for Facial Recognition

Facial recognition technology won’t be installed at the boarding gates of the Seattle-Tacoma Inte...

Seattle Airport Resists Federal Push for Facial Recognition Explore More

News

Federal Court Fines Digitex Futures $15M for KYC and AML Failings

The Commodity Futures Trading Commission (CFTC) has made it public that the US District Court has...

Federal Court Fines Digitex Futures $15M for KYC and AML Failings Explore More

News

Phishing Scam affects thousands of Banking App users

Thousands of customers have been exploited by a fake mobile banking app. The customers were sent ...

Phishing Scam affects thousands of Banking App users Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started