Under new U.S. Securities and Exchange Commission rules, companies must disclose material cybersecurity incidents and annually report on cybersecurity risk management, strategy and governance. Alex Hamerstone, advisory solutions director at TrustedSec, discussed the challenges ahead.
An Ohio community college is notifying 290,000 people of a data theft breach this spring that may have compromised their personal and health information. Security researchers say small schools such as this are now favored targets. Some 80% of schools have reported hacking incidents in the past year.
Casino and hotel giant Caesars Entertainment is warning customers that their personal details were stolen in a recent hack attack. After successfully shaking down Caesars for a ransom, the same attackers are continuing to extort MGM Resorts, claiming to have crypto-locked its EXSi hypervisors.
The drumbeat for potential federal legislation to better protect sensitive health information - or at least new regulations - appears to be growing louder in Congress. One of the Senate's four lawmaker doctors is quizzing the healthcare industry on ways to safeguard health data.
A major ransomware attack on the Sri Lankan government's cloud infrastructure compromised approximately 5,000 government email accounts and wiped out numerous emails that had not been protected by offline backups. The agency said some employees lost three months of email messages.
Booking and reservation systems, as well as slot machines, hotel room door locks, ATMs and more remain offline at multiple MGM Resorts properties as the publicly traded casino hotel giant battles "a cybersecurity issue" that one group of security researchers has tied to a ransomware group attack.
More than a one-fourth of Indian organizations suffered over $2 million in losses to cyberattacks in the past year as a result of a lack of skilled cybersecurity workforce and funds, according to a recent survey by cloud cybersecurity vendor Cloudflare.
Australia's information commissioner has urged organifzations to quicken the process of notifying those affected by data breaches instead of spending months analyzing each incident. Angelene Falk said it can take anywhere from 20 days to five months to notify breach victims, putting them at risk.
The new U.S. reporting requirements will force publicly traded companies in industries outside of financial services with fewer regulations to improve their security practices. Snyk CEO Peter McKay advised public companies in possession of credit card numbers or other PII to level up.
Cybersecurity doublespeak is never a good sign, especially when it comes in a letter this week addressed to half a million current and former employees of fast-fashion retailer Forever 21, warning them that their personal information was stolen in an eight-week breach discovered in March.
London's Metropolitan Police Service is investigating a serious data breach that may have exposed names, ranks and photographs for potentially all 47,000 personnel, after someone gained "unauthorized access to the IT system" of one of its suppliers.
The parent company of subprime lender TitleMax is warning nearly 5 million customers that a data breach affecting them is worse than was previously reported. In addition to names and Social Security numbers, TMX now reports attackers stole payment card data and card security codes.
A Georgia healthcare system is notifying over 180,000 individuals of a data compromise involving a hack first detected a year ago, in which attackers accessed and copied a range of patient information. The incident spotlights growing breach response and notification challenges some entities face.
The fallout from the Clop cybercrime group's mass theft of data from MOVEit servers continues to increase. Colorado's state healthcare agency alone is now notifying 4 million affected individuals. The latest tally of victims has reached 670 organizations and 46 million individuals.
Public companies disclosing a cyber incident under the new U.S. reporting requirements should focus on the business impact and stay away from the technical pieces, said Venable's Grant Schneider. The disclosure should examine how the incident will affect revenue, profitability and public perception.
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