The Office of Inadequate Security
In what might be described as the regulatory equivalent of being called to the principal’s office, AT&T has been sent a demand letter by Senators about its breach. The letter, signed by Senators Richard Blumenthal and Josh Hawley, the Chair and Ranking Member of the Subcommittee on Privacy, Technology, and the Law poses some very…
Jonathan Greig reports: One of the largest furniture companies in the U.S. was forced to shut down its manufacturing facilities following a ransomware attack that began last week. Bassett Furniture Industries said it shut down some of its information technology systems after it discovered unauthorized access on July 10. The hacker “disrupted the Company’s business…
From the Information Commissioner’s Office: We have issued the London Borough of Hackey with a reprimand following a cyber-attack in 2020 that led to hackers gaining access to and encrypting 440,000 files, affecting at least 280,000 residents and other individuals including staff. In October 2020, hackers attacked the London Borough of Hackney (LBoH) systems –…
Matthew Connaster reports: CDK Global reportedly paid a $25 million ransom in Bitcoin after its servers were knocked offline by crippling ransomware. Last week, CDK restored services to car dealerships across the US after a two-week outage caused by a “cyber incident” that looked a lot like a ransomware infection. The shutdown of CDK’s software platform caused…
Sergiu Gatlan reports: Microsoft says the Scattered Spider cybercrime gang has added Qilin ransomware to its arsenal and is now using it in attacks. “In the second quarter of 2024, financially motivated threat actor Octo Tempest, our most closely tracked ransomware threat actor, added RansomHub and Qilin to its ransomware payloads in campaigns,” Microsoft said Monday. After…
Christopher Snowbeck reports: Second quarter earnings beat analyst expectations at UnitedHealth Group, even as the Minnetonka-based health care giant said it saw more expenses handling the fallout from a massive cyberattack earlier this year. The company now expects cyberattack costs could reach $2.45 billion for the year, including more direct expenses for financial support for…