HDFC Life Insurance has officially reported a data breach, disclosing the incident in a regulatory filing after market hours. The company has acknowledged that it received unauthorized communications from an unidentified source claiming to possess certain customer data, which appears to have been shared with malicious intent. To address the…
In a notable enforcement action, New York State has imposed hefty fines on prominent insurance firms Geico and Travelers Indemnity Company, totaling $11.3 million due to significant data breaches linked to cybersecurity lapses during the COVID-19 pandemic. The New York Department of Financial Services (DFS) revealed that these incidents compromised…
New Legislation Enhances Cybersecurity Reporting and Device Standards in Australia On November 26, 2024, the Australian Parliament passed significant cybersecurity legislation aimed at enhancing the nation’s defenses against cyber threats. The new law, known as the Cyber Security Act, serves to formalize government efforts to improve reporting of ransomware payments,…
Healthcare Cybersecurity: Rising Threats and the Summit Pathology Data Breach Healthcare data breaches are increasingly frequent and severe, affecting millions and extending beyond just financial implications. In 2023, over 133 million patient records were either stolen or improperly disclosed, reflecting a troubling trend as the healthcare industry becomes increasingly dependent…
Cyberwarfare / Nation-State Attacks, Fraud Management & Cybercrime, Geo Focus: The United Kingdom UK Minister Pat McFadden’s Statements Prompt Cybersecurity Concerns Akshaya Asokan (asokan_akshaya) • November 25, 2024 Pat McFadden, U.K. Minister for Intergovernmental Relations (Image: U.K. Government) Recent comments from UK Minister for Intergovernmental Relations, Pat McFadden, regarding the…
Cybercriminals Target Medical Specialty Practices in Recent Hacks In a concerning trend, cybercriminals continue to exploit vulnerabilities within medical specialty practices in the United States, with two notable instances in recent weeks. An Illinois-based gastroenterology practice and a pulmonary practice in California were targeted, with attackers alleging they have accessed…
A recent analysis by Howden reveals that cyber-attacks have cost UK businesses an astonishing $55 billion (£47 billion) over the last five years. This reality check is underscored by the fact that nearly 55% of companies in the UK have reported experiencing at least one attack during this timeframe, a…
Professional Certifications & Continuous Training, Training & Security Leadership Cybersecurity Training and Education Must Evolve to Keep Pace With the Profession Brandy Harris • November 20, 2024 Image: Shutterstock As we enter a season of reflection, it is essential to acknowledge the significant strides made in cybersecurity. Over the last…
Comprehensive Data Breach Review Identifies Vulnerable Sectors In a recent analysis, NordPass has collaborated with NordStellar to produce an extensive report on data breaches, examining over 2,000 hacking incidents from September 2022 to September 2024. This report delineates which sectors are the most frequently targeted by cybercriminals and offers strategies…
