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 […]
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 […]
A new regulation related to cybersecurity program requirements for all New York general hospitals licensed under Article 28 of the Public Health Law (PHL) took effect on October 2, 2024. All general hospitals covered by the regulation must comply with the new provisions within one year of the adoption date, except that general hospitals must […]
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 […]
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 […]