Insurance Journal reports: Merck & Co. Inc. has reportedly reached a deal with insurers over a closely-watched coverage dispute related to a massive cyberattack in 2017. The New Jersey Supreme Court in July 2023 agreed to hear the case after a state appeals court ruled months prior against eight insurers, finding that a hostile/warlike action exclusion in…
Category: Business Sector
23andMe Says Breach Victims Are to Blame, Legal Action is Futile
As incident response and public relations go, blaming victims for your breach is generally not an impressive strategy. Michael Edgar reports that 23andMe seems to be doing exactly that: Months after the San Francisco based company experienced a data breach impacting about 6.9 million users, 23andMe is now facing criticism for blaming victims of the breach and…
Swedish Retail and Grocery Provider Coop Hit by Cactus Ransomware Gang
Pierluigi Paganini reports: Coop is one of the largest retail and grocery providers in Sweden, with approximately 800 stores across the country. The stores are co-owned by 3.5 million members in 29 consumer associations. All surplus that is created in the business goes back to the members or is reinvested in the business, which creates a…
Orbit Chain’s Bridge Hacked for $81.5 Million in a Major Security Breach
Bhushan Akolkar reports: Although the cryptocurrency markets have progressed significantly bridge attacks and hacks continue to plague the market due to bad players. In a concerning development, Orbit Bridge, a prominent cross-chain bridge protocol, has experienced a notable outflow of $81.5 million across various cryptocurrencies, signaling a potential major hack. On December 31st, an anonymous…
Troves Of Iranian Hacked Insurance Customer Data On Sale
Iran Intl reports: Anonymous hackers are selling 160 million customer information records cobbled together from 23 Iranian insurance companies for approximately $75,000. The Iranian Leakage Tracking System (Leakfa) has confirmed the validity of the hackers’ claim, stating that the information was obtained through a breach of the Expert Information Technologists (Fanavaran) company infrastructure. The information offered for…
CBS, Paramount owner National Amusements says it was hacked
Zack Whittaker reports: National Amusements, the cinema chain and corporate parent giant of media giants Paramount and CBS, has confirmed it experienced a data breach in which hackers stole the personal information of tens of thousands of people. The private media conglomerate said in a legally required filing with Maine’s attorney general that hackers stole personal information…