Nicole Lindsey reports: Data breaches at the world’s largest corporations are becoming a commonplace affair, but are investors on Wall Street really paying attention? A new study from UK-based pro-consumer website Comparitech looked at the recent stock market performance of 28 different companies that recently suffered a massive data breach of some kind (defined as…
Category: Of Note
CISA Releases Cyber Readiness Recommendations for Small Business
Caleb Skeath and Inside Privacy write: Last week, the U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (“CISA”) released a set of cyber readiness recommendations for small businesses. The recommendations, which CISA developed in collaboration with small businesses and state and local governments, are intended to assist smaller organizations in implementing organizational cybersecurity practices. While…
Judiciary leaks personnel data of company in cocaine investigation; workers terrified
Janene Pieters reports: Personnel data from a fruit wholesaler in Hedel, Gelderland accidentally ended up in the criminal file of a major cocaine investigation, the Public Prosecution Service in Oost-Nederland confirmed. In a statement, the Prosecutor said it regrets the state of affairs, stressing that there have never been indications that people were in immediate…
Utah Company Settles FTC Allegations it Failed to Safeguard Consumer Data
The FTC announced a settlement in a data security enforcement action against InfoTrax Systems, L.C. and its former CEO, Mark Rawlins. Here is their press release, below, followed by InfoTrax’s comments on the settlement: A Utah-based technology company has agreed to implement a comprehensive data security program to settle Federal Trade Commission allegations that the…
UK Info Commish quietly urged court to swat away 100k Morrisons data breach sueball
Gareth Corfield reports: The UK’s Information Commissioner urged the Court of Appeal to side with Morrisons in the supermarket’s battle to avoid liability for the theft and leaking of nearly 100,000 employees’ payroll details – despite not having read the employees’ legal arguments. A letter (PDF) sent to the Court of Appeal in May 2018…
Attempted sextortion leads to call for stricter phone porting rules
Thomas Daigle reports: When Randall Baran-Chong received a notification on his smartphone late one night last week indicating the device was no longer in service, it was the first sign of trouble. […] In the hours that followed, the 33-year-old Toronto businessman says someone locked down his laptop, purchased an Xbox video game gift card…