The latest edition of the ISMG Security Report discusses the ramifications of the U.K's decision to allow limited use of Huawei's equipment in 5G networks. Plus: Updates on Wawa's stolen card data offered for sale and nascent security threats from social networks and drones.
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Data breaches constantly threaten enterprises today. And the risk continues to grow. According to the 2018 Cost of a Data Breach Study, the cost of breaches rose from $3.62 to $3.86 million, increasing by 6.4% from last year.
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A long-running marketplace for selling stolen payment card data claims it has 30 million stolen payment cards that experts believe are linked to the breach at Wawa convenience stores late last year. The breach is one of the largest ever involving card-related data.
Bad news on the ransomware front: Victims that choose to pay attackers' ransom demands - in return for the promise of a decryption tool - last quarter paid an average of $84,116, according to Coveware. But gangs wielding Ryuk and Sodinokibi - aka REvil - often demanded much more.
A California healthcare provider took nearly seven months to report to regulators a phishing incident that exposed information on 200,000 patients. Security experts are analyzing whether the delay could be justifiable.
A point-of-sale system vendor that serves U.S. medical and recreational cannabis dispensaries left an unprotected database containing sensitive information about three clients and 30,000 of their customers exposed to the internet, researchers say.
Emotet malware alert: The U.S. Cybersecurity and Infrastructure Security Agency says it's been "tracking a spike" in targeted Emotet malware attacks. It urges all organizations to immediately put in place defenses to not just avoid infection, but also detect lateral movement in their networks by hackers.
Microsoft accidentally internet-exposed for three weeks 250 million customer support records stored in five misconfigured Elasticsearch databases. While the company rapidly locked them down after being alerted, it's an embarrassing gaff for the technology giant, which has pledged to do better.
Since the EU's General Data Protection Regulation went into full effect in May 2018, European data protection authorities have received more than 160,900 data breach reports and imposed $126 million in fines under GDPR for a wide variety of infringements, not all involving data breaches.
Mitsubishi Electric says hackers exploited a zero-day vulnerability in its anti-virus software, prior to the vendor patching the flaw, and potentially stole trade secrets and employee data. The Japanese multinational firm announced the breach more than six months after detecting it in June 2019.
P&N Bank in Perth, Australia, says a server upgrade gone wrong led to the breach of sensitive personal information in its customer relationship management system. The incident is another example how organizations can be imperilled by mistakes on the part of their suppliers.
The latest edition of the ISMG Security Report discusses why Britain is struggling to determine whether to use China's Huawei technology in developing its 5G networks. Plus: An update on a mobile app exposing infant photos and videos online and an analyst's take on the future of deception technology.
A federal judge in Atlanta has given final approval to a settlement that resolves a class action lawsuit against credit bureau Equifax, which in 2017 suffered one of the largest data breaches in history. The minimum cost to Equifax will be $1.38 billion.