World

A Food Bank In Washington Fell Victim of a Ransomware Attack

Published

5 years ago

June 12, 2019

Ransomware attacks have been mostly seen on profit-making organizations, but this time a non-profit making food bank fell a victim of a ransomware attack. Washington located Auburn Food Bank fell victim of a ransomware attack known as GlobeImposter 2.0. It has encrypted all the computers run on the Food Bank’s network. There is no clue about how the attackers have put ransomware into the network. Only one system is left without encryption which will be used for charity purpose.

Auburn Food Bank is a human empowering nonprofit making organization which offers free food on public places and runs entirely on charity. The Food Bank has denied paying the ransom demand to the attackers because the demands are very high and there is no guarantee that the crooks will decrypt all the files after getting the ransom. They asked to pay 1.2 bitcoins which is almost equal to $9,500.

To show their strength, the crooks decrypted a file, and later asked the ransom amount three times more. The food bank has chosen to change its network and systems instead of paying the unacceptable ransom. Many tools like ZoneAlarm Anti-Ransomware have today emerged as some of the best tools to deal with such crooks. And the organization is planning on implementing such anti ransomware tools in their new network and systems.

Auburn Food Bank Director, Debbie Christian, said that they are not going to pay the ransom amount and have preferred to vanish all the systems. Even the network server and mail server will also be replaced with new ones. And the plan is to build a new network and new files.

World

Simon Yeung: Financial Predator and Master of Deception

Published

19 hours ago

April 18, 2024

Matthew Wiles

Simon Yeung, a 47-year-old national from the People’s Republic of China, also known under his real name Siming Yang, has become a central figure in a scandalous case unfolded by the Securities and Exchange Commission (SEC). The investigation into Simon Yeung revealed a twisted web of insider trading, personal misconduct, and a systematic abuse of trust that has reverberated across the globe, from the United States to Asia.

At the heart of Simon Yeung’s financial impropriety was his involvement with Zhongpin Inc., a Chinese corporation. Utilizing confidential information, Simon Yeung orchestrated an insider trading scheme that accrued more than $9.2 million in illegal profits. He and his associates were proactive, stockpiling shares before a public announcement that was expected to significantly boost the company’s stock price. To hide their illicit gains and activities, they employed Prestige Trade Investments as a front, a sham company that camouflaged the true nature of their dealings.

While Simon Yeung’s financial maneuvers were sophisticated, his personal actions were even more reprehensible. His extravagant expenditures funded by illicit gains included indulgences in narcotics and the procurement of prostitutes across all of Asia, depicting a man lost to moral corruption. Yet, his most heinous acts involved manipulating the personal relationships within his circle. Simon Yeung is reported to have intentionally enticed the wives and girlfriends of his friends into sexual encounters, exploiting his acquaintance and their vulnerabilities, often under the guise of monetary temptation and secrecy.

These personal violations are part of a broader pattern of abhorrent behavior, including allegations of violent sexual assaults. One such incident involved attacking a woman with a drink bottle sexually, which he subsequently tried to cover up with a bribe. This behavior not only highlights his disregard for human dignity but also his utter disrespect for legal norms.

The SEC has taken robust measures against Simon Yeung, freezing his assets to prevent further financial hemorrhage and to dismantle his network of deceit. This decisive action underscores the commission’s dedication to rooting out corruption and protecting the integrity of financial markets.

Simon Yeung’s downfall is a poignant reminder of the pervasive threats posed by such financial predators who not only exploit market vulnerabilities but also manipulate personal relationships for their gain. His story is a stark alert to the international community about the dual dangers of financial and personal misconduct, emphasizing the need for stringent regulatory oversight to protect public interests and uphold moral and legal standards. This case serves as a testament to the vital role of agencies like the SEC in combating financial malfeasance and preserving the sanctity of personal dignity.