data breach News

US Banks Reported $1 Billion in 2021 Ransomware Payments

US financial institutions reported nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian criminal groups, according to the Treasury Department. The payments more than doubled from 2020, underscoring the pernicious damage …

Data Breach Victims Sue Rhode Island Transit Agency, Insurer

PROVIDENCE, R.I. (AP) — Two people whose personal information was compromised in a data breach at Rhode Island’s public bus service that affected about 22,000 people sued the agency and a health insurer on Tuesday seeking monetary damages and answers. …

New York Fines Health Insurer $4.5M for Data Breach that Exposed Private Data

Health insurance company EyeMed Vision Care LLC will pay a $4.5 million penalty to New York State for violations of the state’s cybersecurity regulation that officials said exposed hundreds of thousands of consumers’ personal health data, including data concerning minors. …

Australia Mulls Tougher Cybersecurity Laws After Data Breach

CANBERRA, Australia (AP) — The Australian government said on Monday it is considering tougher cybersecurity rules for telecommunications companies and blamed Optus, the nation’s second-largest wireless carrier, for an unprecedented breach of personal data from 9.8 million customers. Optus said …

Viewpoint: Calculating Business Interruption Costs in Cyber Claims

While cyber was incorporated in some general liability policies (GL) of the 1980s, the first cyber standalone policy was written in 1997 through American International Group. Though groundbreaking, as it was the first to address cybersecurity, it was a third-party …

Security Firm Finds Flaws in Indian Online Insurance Broker

NEW DELHI (AP) — Last month, a small cybersecurity firm told a major Indian online insurance brokerage it had found critical vulnerabilities in the company’s internet-facing network that could expose sensitive personal and financial data from at least 11 million …

Seattle Jury Convicts Hacker for Massive Capital One Breach

SEATTLE (AP) — A federal jury on Friday convicted a former Seattle tech worker of several charges related to a massive hack of Capital One bank and other companies in 2019. Paige Thompson, 36, a former Amazon software engineer who …

Data Breach at Health Care Organization May Affect 2 Million

BOSTON (AP) — A digital attack on a Massachusetts-based health care organization may have compromised the personal information of as many as 2 million people, officials said. Shields Health Care Group Inc., which provides imaging and ambulatory surgical services at …

Beefing Up its Cybersecurity, Google Buys Mandiant for $5.4B

SILVER SPRING, Md. (AP) — Google is fortifying its cloud services with a $5.4 billion acquisition of the cyber security firm Mandiant, the companies announced Tuesday. The acquisition is the first of many that analysts foresee in the cyber security …

Data of 515,000 People at Risk After ‘Sophisticated’ Hack of Red Cross

The International Committee of the Red Cross said that personal data of 515,000 vulnerable people were compromised in a “sophisticated” hack. The cyberattack targeted a contractor in Switzerland that stores Red Cross data. There’s no indication yet that the data …