The massive Equifax data breach has already led to the filing of more than 30 lawsuits against the data broker - one demanding up to $70 billion in damages. At least five state attorneys general have launched formal investigations, while several Congressional committees have promised hearings.
The Equifax breach revealed on Thursday is more significant that other mega-breaches because of the nature of the data that was potentially exposed, says cybersecurity attorney Imran Ahmad. He'll be a featured speaker at ISMG's Toronto Fraud & Breach Prevention Summit on Tuesday.
A federal judge has ruled that a consolidated class-action lawsuit filed by those affected by the Yahoo data breaches can proceed. The ruling means Yahoo's corporate parent, Verizon, will face a suit that could eventually lead a court to attempt to quantify the financial impact of leaked data.
Today's business climate is one of unprecedented regulatory growth, data complexity and cybersecurity concerns. There is a corresponding increase in media attention, customer awareness and Board-level scrutiny.
Organizations must demonstrate that they have a viable process for managing risk and compliance (broadly...
Most organizations have embraced more than one software platform to automate their critical business processes. Platforms are becoming more flexible, allowing users to customize or configure their own applications. As your use cases grow, you may question whether you should leverage an existing platform for your next...
A federal judge has granted preliminary approval for an amended $115 million settlement in the class action lawsuit over the 2015 cyberattack on Anthem, which resulted in a breach impacting nearly 79 million individuals. An amendment frees certain others from liability in the case.
How have major Canadian data breaches helped to shape incident response plans and data security at the organizational level? In this session, Imran Ahmad, an attorney who leads the cybersecurity practice at Miller Thomson and wrote the book, "Cybersecurity in Canada: A Guide to Best Practices, Planning and...
Nationwide Mutual Insurance Co. will pay a $5.5 million settlement and update its security practices as a result of an agreement with attorneys general in 32 states and the District of Columbia in the wake of a 2012 data breach affecting more than 1.2 million individuals.
The front line to battle Russian hackers is shifting to American courts, according to the lead story in the latest edition of the ISMG Security Report. Also, malware targets Apple's operating system and a preview of the ISMG Fraud and Breach Prevention Summit in New York.
Some experts say a federal appeals court's overturning of a lower court's decision to dismiss a class action lawsuit filed against health insurer CareFirst in the wake of a cyberattack could be precedent-setting.
To battle Russian hackers, Microsoft has moved to strip them of their malicious infrastructure. To do so, however, the technology giant isn't hunting the attackers down. Instead, it's taking them to court. Two cybersecurity attorneys rate Microsoft's efforts.
Ashley Madison wants to put that sordid data breach affair behind it. Parent company Ruby Life has reached an $11.2 million settlement agreement with the plaintiffs behind two dozen U.S. class-action lawsuits - since consolidated - lodged in the wake of its massive 2015 breach.
The plaintiffs who are suing Donald Trump's presidential campaign for conspiring with Russia and WikiLeaks over disclosing their private information stolen from Democratic Party computers could declare a moral victory even if they lose their case. Could exposing the truth be their ultimate goal?
The recent proposed settlement of a class action lawsuit against health insurer Anthem following a 2015 cyberattack impacting about 79 million individuals is significant for several reasons, says attorney Steven Teppler of the Abbott Law Group, who analyzes the deal.