Top Class Actions reports: A $7.5 million class action settlement has been reached, resolving claims that a July 2015 data breach exposed personal information stored by the UCLA Health Network. The UCLA Health class action settlement provides $2 million to pay for unreimbursed loss claims and preventative measure claims. In addition, UCLA Heath has agreed…
Category: Commentaries and Analyses
Data breaches result in CEO pay rises, study shows
Stop the world. I want to get off. Mark Sutton reports: Bosses are more likely to receive a pay rise after their firm suffers a cybersecurity breach, according to a study by the UK’s Warwick Business School. Researchers at Warwick Business School found that media reports of a cyber-attack led to a stock market “shock”…
Desperate to get through to executives, some cybersecurity vendors are resorting to lies and blackmail
This is one of those articles that we all need to read and think about. Kate Fazzini reports: The cybersecurity vendor marketplace is growing so crowded that some companies have been resorting to extreme tactics to get security executives on the phone to pitch their products, including lying about security emergencies and threatening to expose…
Some job applicants are first learning about the May, 2018 JobScience breach. Why?
In November, 2018, this site noted a breach disclosed by Huntsville Hospital involving JobScience, Inc., a vendor providing online job application services. On November 10, we reported that other entities were also affected, such as Tallahassee Memorial Hospital, who had been notified in September by JobScience, and NorthBay Healthcare Corp., who were notified in October….
How Hackers Pulled Off a $20 Million Mexican Bank Heist
Lily Hay Newman reports: In January 2018 a group of hackers, now thought to be working for the North Korean state-sponsored group Lazarus, attempted to steal $110 million from the Mexican commercial bank Bancomext. That effort failed. But just a few months later, a smaller yet still elaborate series of attacks allowed hackers to siphon…
Are Bug Bounty Programs Worth It?
Julia R. Livingston and Craig A. Newman of Patterson Belknap write: Almost weekly, it seems there is another news article about a bug bounty program sponsored by a major corporation where an amateur hacker – often a teenager – is paid a sizeable sum of money for finding a bug in a company’s operating system…