A costly lesson to learn, but it sounds like Merck learned it. Fortune reports: Cybersecurity has always been a priority, but got even more attention inside Merck after the company was stung by the NotPetya cyberattack in 2017, which reportedly damaged more than 30,000 of the company’s computers. It led to $1.4 billion in claims […]
There are so many data breaches and data leaks every day that potential class action lawsuits or announcements of law firm investigations of breaches seems somewhat de rigueur by now. But not all lawsuits stem from huge breaches. Here’s one that stems from a mistaken configuration that exposed student information for 24 hours. Reuters reports: […]
The Change Healthcare ransomware attack that was first disclosed in February 2024 continues to cause problems and make headlines. HIPAA Journal reports on the financial impact: The cost of the Change Healthcare ransomware attack has risen to $2.457 billion, according to UnitedHealth Group’s Q3, 2024 earnings report. Revenues in the third quarter increased by 9% year-over-year […]
The Record reports: Insurance firm Globe Life is being extorted by hackers after data on more than 5,000 people was stolen from a subsidiary. The company told regulators at the U.S. Securities and Exchange Commission (SEC) that it reported the incident to federal law enforcement. “Based on the Company’s investigation to date, which remains ongoing, the Company […]
Security Week reports that Japanese electronics giant Casio has revealed that the recent cyberattack was carried out by a ransomware group and confirmed that the incident has resulted in a data breach: Casio said last week that it had detected unauthorized access to its network on October 5. The incident resulted in a system failure and some […]
Among the entities that have been targeted by hackers were Star Health Insurance, the Supreme Court and SMEs The South China Morning Post reports that the wave of cyberattacks in India has led tech analysts to urge for stronger regulations and other countermeasures to protect India’s digital infrastructure: “Various sectors, including healthcare, education, government, and […]
Settlements were announced by the FTC and state attorneys general yesterday. Only the state settlement involved a monetary penalty because the FTC had no authority to impose penalties in its case. Settlement with the FTC Source: The Federal Trade Commission $52 Million Settlement with States Source: NYS Attorney General’s Office
31 million users’ usernames, email addresses and salted-encrypted passwords are out there The Register reports: The Internet Archive had a bad day on the infosec front, after being DDoSed and exposing user data. On Wednesday afternoon US time the outfit’s digital library Brewster Kahle revealed a DDoS attack had made the site unavailable. The Register understand the outage may […]
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 […]