Serena Haththotuwa reports: A new study has calculated the most expensive data breaches over the past two years. The research, which was conducted by Surfshark, shows the cost of data hacks for businesses across 11 sectors including the academic, tech, government, retail and finance industries. Surfshark’s list of most expensive data breaches is based on…
Category: Commentaries and Analyses
Personal info leaks from listed Japan firms hit record high in 2021
Kyodo News reports: The number of personal information leaks from companies listed on Japanese stock exchanges, as well as their subsidiaries, rose by 30 percent in 2021 from the previous year to a record 137 cases, according to a corporate research agency. Tokyo Shoko Research said in a report that over 50 percent or 68…
Potential Board Liability for Cybersecurity Failures Under Caremark Law
Having trouble getting support for security efforts? Maybe show this one to the board of directors. Leah Rizkallah reports: Cybersecurity is now among the most critical risk-areas for companies across industries, and boards of directors must be vigilant in overseeing their companies’ cybersecurity efforts. Failing to do so not only increases risks for the company,…
One year later, Minimally Invasive Surgery of Hawaii notifies patients of ransomware incident
A notification letter template that showed up on the California Attorney General’s site this week is dated “February 19, 2021.” I assume the 2021 is a typo based on the rest of the letter. The letter from Orthopedic Associates of Hawaii (OAH) begins (emphasis added by this site): Orthopedic Associates of Hawaii, All Access Ortho…
The US is unmasking Russian hackers faster than ever
Patrick Howell O’Neill reports: Just 48 hours after banks and government websites crashed in Ukraine under the weight of a concerted cyberattack on February 15 and 16, the United States pointed the finger at Russian spies. Anne Neuberger, the White House’s deputy national security advisor for cyber and emerging technology, said that the US has…
Grand Junction man negotiates with ransomware ‘bad guys’
Tom Hesse reports: Eastern Europe can be perilous if you have the kind of job Kurtis Minder has. It’s a line of work featuring regular correspondence with the FBI and familiarity with the U.S. Treasury Department’s Office of Foreign Asset Control Sanctions list. Minder operates in the sprawling world of cybersecurity, drawing interest for his…