Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows

Claims Journal reports: Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber insurance provider. Coalition published its 2024 Cyber Claims Report: Mid-year Update, which details emerging cyber trends and their impact on policyholders through the first half of 2024. The frequency of using ransomware as […]

Data Breach News
October 09, 2024
1112 views 24 secs 0

MoneyGram now says customer data was impacted in security incident

It’s always risky to quickly claim that there’s no evidence that customer data has been compromised in a data breach incident because you may find out later that it has been. While MoneyGram confirmed a breach weeks ago, they were careful not to make any claims about whether customer data was impacted. Now there’s an […]

Legal News, Data Breach News, Finance
October 09, 2024
807 views 56 secs 0

New York Data Breach Requirements Set Reporting Tone Nationally

Brian Montgomery is a partner at Pillsbury and a former NYDFS deputy superintendent. Mark Krotoski is a partner at Pillsbury and former national coordinator for the Computer Hacking and Intellectual Property Program at the Department of Justice. In an article on Bloomberg Law, they write: Cybersecurity regulations can be a constantly moving target, with digital advances and […]

Data Breach News, Critical Infrastructure, Cyberattack
October 08, 2024
1324 views 18 secs 0

American Water Works believes no water, wastewater facilities affected by cyberattack

The Record reports: None of the water or wastewater facilities run by the American Water Works company were affected by a cyberattack that began last week, according to a statement released on Monday. The company, which supplies water to millions of Americans, filed documents with the Securities and Exchange Commission (SEC) on Monday notifying the public of […]

Data Breach News, News
October 07, 2024
1327 views 47 secs 0

Comcast and Truist Bank customers caught up in FBCS data breach

Bleeping Computer reports: Comcast Cable Communications and Truist Bank have disclosed they were impacted by a data breach at FBCS, and are now informing their respective customers that their data has been compromised. […] According to a notice submitted to the Maine authorities, 273,703 Comcast customers were impacted by the breach. “FBCS’s investigation discovered that files downloaded […]

Legal News, Data Breach News, Europe
October 06, 2024
1460 views 5 mins 0

Notifications to breach victims are too late and provide too little important information

A recent press release from the Dutch DPA (Autoriteit Persoonsgegevens) emphasizes that Dutch organizations need to do better in providing breach victims with timely information that they need to protect themselves. If the Dutch DPA thinks warnings or alerts sent to victims more than three weeks after a breach is “way too slow,” The Data […]

Data Breach News
October 06, 2024
1179 views 49 secs 0

Chinese hackers breached US court wiretap systems

Reuters reports that Chinese hackers accessed the networks of U.S. broadband providers and obtained information from systems that the federal government uses for court-authorized wiretapping. The Wall Street Journal first reported the story on Saturday. Verizon Communications, AT&T, and Lumen Technologies are among the telecoms companies whose networks were breached by the recently discovered intrusion, […]

Data Breach News, Malware Ransomware, News
October 04, 2024
1107 views 3 secs 0

4 new LockBit-related arrests, identities of suspected Evil Corp members, affiliates revealed

Operation Cronos revealed more arrests, sanctions, and disruption of the LockBit ransomware operation. Help Net Security reports: The third phase of Operation Cronos, which involved officers from the UK National Crime Agency (NCA), the FBI, Europol and other law enforcement agencies, has resulted in the arrest of four persons for allegedly participating in the LockBit […]