New York state has penalized two auto insurance giants for failing to secure customer data. Geico and Travelers will pay a combined $11.3 million in penalties “for having poor data security,” which allowed more than 120,000 New Yorkers’ information to be compromised, the New York...
Over 160 of the world’s largest enterprises had their data stolen this year. All by the same attack strategy. Each of the businesses, ranging from AT&T and Santander Bank to Advance Auto Parts and Ticketmaster parent company LiveNation, had uploaded massive volumes of sensitive customer...
The cost of cyberattacks is reportedly growing alongside the increases in digitization and artificial intelligence (AI). “If cybercrime damage were a state, it would be the world’s third-largest economy,” Bank of America said in a Thursday investor note, Seeking Alpha reported Thursday (Oct. 10). The financial institution’s note...
The Federal Trade Commission (FTC) plans to require Marriott International and its subsidiary Starwood Hotels & Resorts Worldwide to implement a comprehensive security program. This plan is part of a proposed settlement order regarding the FTC’s charges that three large data breaches from 2014 to 2020 resulted from...
October 07, 2024
As artificial intelligence (AI) chatbots enter workplaces, they’re not just boosting productivity — they’re opening digital back doors to corporate secrets, with over a third of employees unwittingly playing the role of gatekeepers. A Sept. 24 survey by the National Cybersecurity Alliance revealed a startling trend: 38% of employees share sensitive work information with AI […]
July 04, 2024
It’s the summer of steals, not the summer of deals, for businesses suffering cyber breaches. That’s because, as the world goes digital, fraudsters are constantly probing modern, multifaceted attack surfaces...
April 02, 2024
The fallout from the massive data breach at AT&T — where information tied to 73 million current and former account holders was leaked — has yet to be felt. And...
September 18, 2023
Hack by hack, the fraudsters are getting bolder. And for enterprises girding against the rising tide of disruption and ransomware, advanced technologies are integral parts of any line of defense....
November 25, 2024
New York state has penalized two auto insurance giants for failing to secure customer data. Geico and Travelers will pay a combined $11.3 million in penalties “for having poor data security,” which allowed more than 120,000 New Yorkers’ information to be compromised, the New York Department of Financial Services (NYDFS) announced Monday (Nov. 25). The […]
October 10, 2024
The cost of cyberattacks is reportedly growing alongside the increases in digitization and artificial intelligence (AI). “If cybercrime damage were a state, it would be the world’s third-largest economy,” Bank of America...
October 09, 2024
The Federal Trade Commission (FTC) plans to require Marriott International and its subsidiary Starwood Hotels & Resorts Worldwide to implement a comprehensive security program. This plan is part of a proposed settlement order...
September 19, 2024
Disney reportedly plans to stop using workplace collaboration platform Slack following a recent data breach. Chief financial officer Hugh Johnston announced the change this week, the Wall Street Journal (WSJ)...
