MGM Resorts has received preliminary approval from a federal court for a $45 million settlement concerning a series of significant data breaches that affected the personal information of millions of guests. This ruling follows an extensive legal battle over the security incident that came to light in 2020, when the…
The Turkish government is currently advancing a contentious cybersecurity bill that may criminalize the reporting of data breaches. This proposed legislation introduces various penalties for cybersecurity offenses, but raises significant alarm with one specific provision: individuals who create the perception of a data breach—regardless of its truth—could face imprisonment ranging…
Data Breaches Surge Amid Evolving Cyber Threats The frequency of data breaches is climbing as new forms of cyberattacks emerge, according to experts in the field. Dr. Peter Madnick from MIT highlights three predominant threats currently challenging enterprises: vulnerabilities associated with cloud storage, the rise of sophisticated ransomware, and vendor…
Data breaches are increasingly prevalent as novel forms of cyberattacks surface. According to Madnick from MIT, three primary threats are at the forefront: vulnerabilities in cloud environments, sophisticated ransomware, and the exploitation of vendors. Vulnerabilities in the Cloud. With approximately 60% of corporate data residing in cloud systems, companies often…
Cell C Cybersecurity Incident Raises Concerns Over Data Breaches in South Africa Cell C, a prominent mobile operator in South Africa, has become the latest victim of a cybersecurity incident that has compromised certain aspects of its IT infrastructure. The company has confirmed that an unauthorized party may have accessed…
Cyber Threat Landscape: Staying Ahead of Evolving Risks In an era where cyber threats are in a constant state of evolution, continuous awareness and knowledge are indispensable. Breachspot.com is dedicated to keeping business owners informed about the latest developments in the cybersecurity landscape, focusing particularly on data breaches, ransomware incidents,…
Thailand’s National Cyber Security Agency (NCSA) is undertaking significant efforts to create a cyber fraud insurance framework in response to increasing cyber risks and data breaches that threaten organizations across the nation. This initiative aims to bolster the management of cyber threats as outlined in Thailand’s Cybersecurity Act and Personal…
Surge in Cyber-Attacks Hits Key Industries in 2024: Analysis of Major Incidents The year 2024 has marked a significant escalation in cyber-attacks across various sectors, with notable breaches affecting critical infrastructure, healthcare providers, financial institutions, and even political campaigns. These incidents underscore an alarming trend—the increasing sophistication of threat actors…
Marriott Faces Federal Action Over Major Data Breaches Affecting Millions The U.S. Federal Trade Commission (FTC) announced on Wednesday that Marriott International and its subsidiary, Starwood Hotels & Resorts Worldwide, will be mandated to implement an information security program as part of a settlement related to several significant data breaches…
