Dom DiFurio reports: In October, four companies collectively paid nearly $7 million as part of a settlement with the Securities and Exchange Commission for allegedly failing to properly inform investors of a cyberbreach affecting their companies, a liability American businesses have not previously faced. The companies were compromised in a cyberattack targeting their IT software provider in…
Category: Commentaries and Analyses
There’s a new ransomware player on the scene: the ‘BlackLock’ group has become one of the most prolific operators in the cyber crime industry – and researchers warn it’s only going to get worse for potential victims
Solomon Klappholz reports: The BlackLock ransomware group has become one of the most prolific operators in the Ransomware as a Service (RaaS) ecosystem, with experts warning it could accelerate its growth over the next year. Also known as El Dorado, BlackLock was ranked as the the seventh most active ransomware group based on the number of posts…
Deal leaks: data protection during M&A
Fraser Tennant reports: …. The reality is that M&A practitioners, in their quest to negotiate the best possible deal, may be less focused on the tools that are used to store and share confidential transactional data – both internally and externally. This can leave such data highly vulnerable to hackers with malicious intent. “Threat actors…
The Myth of Jurisdictional Privacy
by Stephen Gielda Founder, Packetderm LLC Understanding Global Surveillance In discussions of online privacy, you’ll often hear passionate debates about jurisdiction, with particular focus on avoiding the “Five Eyes” intelligence alliance countries (USA, UK, Canada, Australia, and New Zealand). The argument goes that by choosing a service provider outside these nations, you can somehow escape…
Bill raising the bar for class-action suits in data breach incidents advances
Rural Radio reports: A measure that would raise the bar for filing class-action lawsuits in state courts against private entities that suffer a cybersecurity breach has received first round approval in the Nebraska Legislature. Lawmakers spent a considerable amount of floor debate Tuesday and today discussing LB 241, which would require willful, wanton, or gross…
Memorial Hospital and Manor notifies 120,085 people of November ransomware attack
On November 3, 2024, WALB in Georgia reported that Memorial Hospital and Manor had been the victim of a ransomware attack on November 1 that they discovered on November 2. The hospital announced the incident on its Facebook page in a post that is no longer available. But Memorial Hospital and Manor did not appear…