May 6, 2024 at 01:08PM Cybersecurity expert Vincent Cannady faces a 20-year prison sentence after being accused of extorting $1.5 million from a multinational IT services company by threatening to expose stolen data. Cannady, fired from his consultancy job, allegedly accessed and downloaded confidential company data, demanding a substantial settlement. He has been charged with … Read more
March 28, 2024 at 02:05PM Crypto-king Sam Bankman-Fried has been sentenced to 25 years in jail for corporate fraud, with his legal team’s arguments largely dismissed. Bankman-Fried, CEO of FTX and co-founder of Alameda Research, used customer funds for risky investments, contributing to FTX’s collapse with $8 billion in cryptocurrency unaccounted for. Prosecutors recommended a … Read more
December 12, 2023 at 02:48PM Ex-First Republic Bank cloud engineer, Miklos Daniel Brody, was sentenced to two years in prison for causing over $220,000 in damage to his former employer’s computer network by using his company-issued laptop to watch pornography. He pleaded guilty to violating the Computer Fraud and Abuse Act and making false statements … Read more