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Average Cost of Data Breaches in India hits over USD 2 million; Phishing tops list of cyber threats
Because so many firms outsource to India, it is interesting to note the average cost of a data breach in India may be less than in the U.S., but still significant. Financial Express Online reports: According to a report from the Reserve Bank of India (RBI) released on Monday, the average cost of a data […]
Software Maker MCG Health Settles Data Breach Suit for $8.8M
GovInfoSecurity reports that software vendor MCG Health has agreed to pay $8.8 million to settle a consolidated proposed federal class action lawsuit involving a 2020 hacking incident. The Seattle-based firm provides patient care guidelines to providers and health care plans. In a June 2022 announcement, they claimed that on March 25, 2022, they determined that an […]
CrowdStrike Outage: Critical Lessons for Third-Party Vendor Risk Management
It wasn’t a cyberattack, but it was an incident that took down businesses globally. Last week, people all over the world turned on their work PCs only to see something they probably hadn’t seen in a while: the notorious Windows Blue Screen of Death error message. Flights had to be canceled, and at least one […]
Heads-Up: Threat Actor Uses Fake CrowdStrike Recovery Manual to Deliver Unidentified Stealer
Following up on recent reports that threat actors were capitalizing on the CrowdStrike glitch by using phishing attacks to obtain credentials or spread malware, CrowdStrike reported yesterday: On July 22, 2024, CrowdStrike Intelligence identified a Word document containing macros that download an unidentified stealer now tracked as Daolpu. The document impersonates a Microsoft recovery manual.1 Initial analysis […]
Devastating ransomware attack continues to disrupt services at Los Angeles Superior Court
Another ransomware attack on a government agency shuts down services. The Los Angeles Times reports: The Los Angeles County Superior Court, the biggest trial court in the country, remained closed Monday as it sought to recover from a ransomware attack on its systems, officials said. The attack was detected Friday and doesn’t appear to be […]
Widespread IT Outage Due to CrowdStrike Update
While the widespread outage due to a CrowdStrike update glitch was not a cyberattack, criminals quickly acted to take advantage of it, using phishing attacks. CISA has been posting updates. The most recent was yesterday evening. Check for later updates at CISA.gov. CrowdStrike’s most recent update on Falcon Content Update for Windows Hosts was early […]
SolarWinds beats most of U.S. SEC lawsuit over Russia-linked cyberattack
It’s been a rough time for federal agencies. First the Supreme Court undid 40 years of Chevron deference. Now a federal judge has gutted the Security and Exchange Commission’s lawsuit against SolarWinds. Reuters reports: A U.S. judge dismissed most of a Securities and Exchange Commission lawsuit accusing software company SolarWinds (SWI.N), opens new tab of defrauding investors […]
Cost of a data breach up 10% to almost $5 million — IBM report
IBM’s new cost of a data breach report is out, and the numbers are not encouraging. By the numbers: $4.88 million — The global average cost of a data breach in 2024—a 10% increase over last year and the highest total ever. The highest average cost was $9.77 million for the healthcare sector. The industrial sector […]