Lance Taubin, Kate Hanniford, and Kimberly Peretti of Alston & Bird write: The New York Department of Financial Services (NYDFS) issued new guidance this week intended to assist organizations in thwarting ransomware attacks. The guidance clarifies the NYDFS’ expectation that NYDFS-regulated companies should “implement these controls whenever possible” and report any successful deployment of ransomware…
Author: Dissent
Cyber reinsurance rates rocket at July renewals
Carolyn Cohn reports: Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said on Thursday, as ransomware attacks increase in number and severity. The average ransom payment made by a business to restore data after a cyber attack was $220,000 in the first quarter, up…
Dutch police seize server of DarkSide ransomware group
Tweakers reports: The Dutch police confiscated a server of the DarkSide group and obtained terabytes of stolen data. DarkSide was also behind the attack on an American oil pipeline company, but no data has been obtained. The data on DarkSide’s server was not encrypted and the police were therefore able to investigate the information. Police found no…
Japan’s “K” Line Apologizes for Second Cyberattack in Months
The Maritime Executive reports: Japanese shipping company Kawasaki Kisen Kaisha, known as “K” Line issued a brief statement today confirming that its computer systems have once again been breached with “unauthorized access to overseas subsidiary systems.” One of Japan’s oldest and largest shipping companies, with a fleet of more than 400 ships, “K” Line had…
Volkswagen and Audi Hit with Data Breach Class Action
Kathryn Rattigan of Robinson + Cole writes that a two-year data leak by a vendor has resulted in a lawsuit: This week, Volkswagen AG’s U.S. entity and its Audi brand were hit with a class action for a data breach that allegedly compromised 3.3 million consumers’ personal information. In the U.S. District Court for the…
Online learning provider New Skills Academy alerts users of data breach
Waqas reports: New Skills Academy, a major online learning provider based in Hertford, United Kingdom has suffered a data breach in which account information of its customers has been exposed to unauthorized sources. According to New Skills Academy’s data breach notification email seen by Hackread.com, the number of victims impacted by the breach is yet…