On Thursday, the Department of Justice announced it had unsealed an indictment alleging six Russian nationals with conspiracy to commit computer intrusion and wire fraud conspiracy. Five of the defendants were officers in Unit 29155 of the Russian Main Intelligence Directorate (GRU), a military intelligence agency of the General Staff of the Armed Forces. The […]
Iran International reports: An Iranian entity paid hackers $3 million in ransom to dissuade them from releasing the data of over 20 hacked banks, Politico reported, confirming Iran International’s earlier report about the “biggest-ever” cyberattack on Iran’s banking system. Iran International reported on August 14 that the major cyberattack targeted several Iranian banks, leading to […]
The first response to “What do we do when our business has been hacked?” should not include, “Figure out who we blame” — or thrown under public transportation in this case. The Register reports: The Transport for London (TfL) “cyber incident” is heading into its third day amid claims that a popular appliance might have […]
Risky Biz News reports: The FTC has fined security camera firm Verkada $2.95 million for failing to implement cybersecurity measures to protect its systems. The fine is related to a March 2021 security breach when a hacker accessed customer data and video footage from over 150,000 Verkada cameras. The hacker used the cameras to access and leak footage from psychiatric hospitals, […]
There are those who may say, “Better late than never.” There are probably also those who say, “How should egregiously late notification be punished?” SC Media reports that some people are first being notified of the 2023 MOVEit data breach: The Texas Dow Employees Credit Union (TDECU) on Aug. 23 sent letters to more than […]
Why would an organization whose breach affected 150 people pay $1 million ransom to get a decryptor key? How critical are the organization’s activities to justify such a large payment? Large payments are more likely to be associated with the healthcare sector or critical infrastructure than with a non-profit organization like the American Radio Relay […]
Halliburton is a major player in oil and gas supplies. A cyberattack resulted in its taking systems offline. CNN reports: Halliburton confirmed on Friday that it was hit by a cyberattack that forced the major oilfield services company to take systems offline. In a filing, Halliburton said it became aware on Wednesday that an “unauthorized third […]
Earlier this week, chipmaker Microchip Technology Incorporated acknowledged that a cyberattack had impacted its systems last weekend and disrupted operations in a number of facilities. Bleeping Computer explained: Due to an incident, some Microchip Technology manufacturing facilities operate at reduced capacity, affecting the company’s ability to meet orders. Microchip Technology also had to take steps […]
Lawsuits often follow a healthcare data breach, but understanding what drives litigation trends can help healthcare organizations prepare. Jill McKeon explains: When a healthcare data breach occurs, lawsuits filed by affected individuals often follow. In fact, data breach lawsuits are on the rise across all industries, according to a 2024 report from law firm BakerHostetler. In 2023, the firm handled more […]
The high cost of cybersecurity breaches on corporate reputation
Even when customers do not leave following a data breach, they may still lose confidence. A new survey confirms the reputation hit corporations fear suffering. FinTech Global reports: A recent study highlighted by ISACA points to a staggering 78% of industry professionals ranking the reputational impact as the paramount concern following cyberattacks. Given the digital […]