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Okta shares fall 11% after company says client files were accessed by hackers via its support system
Stock prices often fall after a major breach is announced. Many will rebound quickly, but not all do. Here is an example from this past week of a firm taking a significant stock hit shortly after a breach was announced. CNBC reports: Shares of cybersecurity firm Okta closed down 11.5% after the company said an unidentified hacking group had […]
Why are cyber experts concerned about data security in India?
For those readers who think India is not of great interest or importance to them, remember that many non-Indian firms and entities outsource some or all of their functions to firms in India — and often without your knowledge. The Week reports: Digital transformation and development of advanced technologies are progressing at full pace in […]
Top US Cyber Agency Pushing Toward First Hack Reporting Rule
As seen on Bloomberg Law: A new US notification requirement for victims of malicious hacks could push in-house counsel to disclose cyberattacks when faced with ransomware and other network compromises. Among the first-ever cyber regulations to be enforced by the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency, the top US cyber authority, the […]
Epiq to Settle Lawsuit for $6.5 Million After Accidentally Leaking Identities of Church Sex Abuse Survivors
Bloomberg Law reports: More than 100 survivors of sexual abuse by clergy of the Catholic Church asked a Connecticut federal judge for final approval of their $6.5 million settlement with a bankruptcy services firm that mistakenly revealed their identities online. Epiq Corporate Restructuring LLC would pay at least 128 individuals cash payments of $50,000 under […]
International coalition of law enforcement takes down Ragnar_Locker ransomware portal
An international group of law enforcement agencies have seized the dark web portal used by the Ragnar_Locker ransomware gang. The notice appeared today, and although there have been no press releases yet by either Interpol, Europol, or the FBI, TechCrunch was able to get confirmation from a spokesperson for Europol that information will be released […]
Home health provider Personal Touch to pay $350,000 to NYS in data breach settlement
Newsday reports: A Lake Success-based home health care company reached a $350,000 settlement with the state after failing to protect the health care data of more than 316,800 New Yorkers, the state attorney general said Wednesday. Personal Touch Holding Corp., which provides home health care and hospice services through subsidiary companies, had an “informal and […]
Hacker leaks millions more 23andMe user records on cybercrime forum
The same individual, “Golem,” who leaked DNA data from 23andMe on BreachForums has now leaked even more data. While the original leak was described as relating to Ashkenazi Jews, the newest leak of more than 4 million records was described as being users from Great Britain and Germany, including data from “the wealthiest people living […]
Your Organization Has Suffered a Data Incident: Now Here Are the Regulators It Will Likely Encounter
From a recent article on Reuters: Government regulators are seemingly as numerous as the stars nowadays, especially in the universe of data incidents. When organizations experience a data incident, they will need to quickly assess what happened, why it happened, and who (e.g., clients, consumers, vendors, employees) was affected. They will also need to chart […]