Daily Management Review

Hackers steal a businessman's reputation in Sweden


Head of the largest Swedish security firm Securitas, Alf Göransson, was declared bankrupt this week. As it turned out later, hackers stole the businessman’s personal data, took a loan and filed for bankruptcy.

As the firm reported, Görensson, who has been heading Securitas since 2007, was declared bankrupt in the Stockholm District Court on July 10. Later, it turned out that the court's decision was based on false information, as Görensson’s personal data was stolen by.

"The attack did not cause any other damage to the company, in addition to the fact that our current leader was declared bankrupt. I hope the situation will be resolved within a day, but it all depends on how soon the decision can be challenged", said Gisela Lindstrand, spokeswoman for Securitas.

The malefactor stole Görensson's personal data and applied for a loan, amount of which is unknown. After that, a lawsuit against bankruptcy was filed against Görensson. Göransson’s personal information was abducted in March, but he became aware of this only this week.

As Bloomberg notes, such a case once again raises the importance of issues related to cybersecurity, especially in a country where digitalization is almost ubiquitous. Sweden is much ahead of most countries in terms of the level of penetration of digital technologies and payment systems.

Even the museum of the Abba group, authors of Money, Money, Money song, does not accept cash.

The country's efforts to ensure transparency in all spheres are widely known. Sweden encourages widespread access to public information (for example, employees can find out how much their colleagues earn by checking data of tax authorities), and, as in most other rich developed countries, online shopping and loans are extremely popular.

All this coincided with a sharp increase in cases of fraud related to the theft of personal data. The Göransson case was one of 12,800 crimes related to the hacking and theft of personal data that occurred in Sweden in the first six months of 2017.

As a result of the court’s decision, chairman of Loomis AB and a member of the board of Hexpol AB removed Göransson from the office. Both companies will file a petition for restoration of Göransson in previously held positions.

source: bloomberg.com

Science & Technology

Motorola’s New Patent Will Self-Heal A Cracked Smartphone Screen

Auto Parts Out Of Wood Is What Japan Is Looking At Making

Security Firm Claims Hotel Guests Across Europe Were Targeted By Russia-Linked Hackers

World’s First Genetically-Modified Animal To Enter Food Supply Is Salmon

In The Future, UBS Analyst Says, Multiple Planes Could Be Operated From The Ground By Today’s Pilots

Will Germany save diesel?

How China became a pioneer of the solar industry

CNBC: Intel leaves the wearable gadgets market

Oculus Rift falls in price…again

Ukraine Police Official Says Likely Cover For Malware Installation Was Global Cyber Attack: Reuters

World Politics

World & Politics

Russia surpasses Saudi Arabia in oil production

China counts losses from sanctions against the DPRK

OCP Group Vs South African Courts: A storm is brewing on international maritime trade

Britain to conduct a study on labor migration after Brexit

CNN: Rex Tillerson may leave the post of US Secretary of State

Its South China Sea Territory Being Protected By Indonesia From 'Foreign' Threats

A Swarm-Like Attack From North Korea Could ‘Overwhelm’ South Korea's THAAD Missile Shield

Powerty in Italy tripled in 10 years