The latest edition of the ISMG Security Report analyzes why clothing retailer H&M was hit with a hefty fine for violating the EU's General Data Protection Rule. Also featured: The coming of age of digital identities; deputy CSO at Mastercard on top priorities for 2021.
A 2014 data breach at Community Health Systems that exposed the protected health information of 6.1 million individuals has led to another round of government penalties. This time, the Franklin, Tennessee-based company has agreed to pay $5 million for a settlement with 28 state attorneys general.
Ransomware has emerged as the No. 1 online threat targeting public and private organizations this year. Seeking maximum returns, more gangs have moved beyond opportunistic attacks to target organizations with "post-intrusion ransomware." Meanwhile, many victims fail to report such crimes to police.
A recent ransomware attack on a provider of software used by firms involved with COVID-19 vaccine development and other drug clinical trials illustrates increasing cyberthreats facing medical industry supply chain partners.
Despite the shift to e-commerce during the pandemic, attacks against POS devices persist. For example, Visa's payment fraud disruption team uncovered recent malware attacks on POS devices used by two North American hospitality companies.
Privacy regulators in Germany have slammed clothing retailer H&M with a $41 million fine for collecting and retaining private employee data in violation of the EU's General Data Protection Regulation. H&M has apologized, instituted changes and promised to financially compensate employees.
As Universal Health Services continues to recover from an apparent ransomware incident last weekend that affected system access for hundreds of its facilities, security experts say others can learn important lessons from the company's experience.
The attorneys general of 42 states plus Washington, D.C., have slapped health insurer Anthem with a $39.5 million settlement in the wake of a 2014 cyberattack that affected nearly 79 million individuals. Meanwhile, California's attorney general signed a separate $8.7 million settlement with the insurer.
A security incident that apparently involved ransomware has crippled the network of Universal Health Services, which owns hundreds of facilities across the U.S.
The U.S. Cybersecurity and Infrastructure Security Agency has issued a report describing how a threat actor apparently used a well-known VPN vulnerability and compromised Office 365 credentials to gain administrative privileges to a federal agency's network.
Premera Blue Cross has agreed to pay a $6.85 million fine, the second largest HIPAA settlement ever announced by federal regulators. The case stems from a 2014 breach, which went undetected for nine months and exposed the information of 10.4 million individuals
The latest edition of the ISMG Security Report features an analysis on why criminals continue to use darknet markets, despite the risks. Also featured: Hackers target Virgin Mobile KSA; coping with COVID-19 stress.
With so many cybercrime markets continuing to disappear, why haven't encrypted messaging apps stepped in to fill the gap? They might seem to be the perfect solution to admins stealing buyers' and sellers' cryptocurrency - via an exit scam - or police infiltration. But encrypted apps have their own downsides.
Training employees to resist phishing emails is key to preventing compromises. But an exercise run by Tribune Publishing Co. created a searing backlash after its phishing exercise tempted employees with bogus bonuses in a year in which they had already endured financial hardships.
Shopify's announcement this week that two employees inappropriately accessed transactional data from 200 of the merchants that use its e-commerce platform demonstrates the importance of taking a "zero trust" approach to security and improving identity and access management capabilities, security experts say.
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