Losses to fraud reported by Britain's financial services sector exceeded $1.5 billion in 2022, declining by 8% from 2021, says trade association UK Finance. About 40% of losses tied to authorized push payment fraud, in which victims get tricked into transferring funds to attackers.
Online sports retailer Sports Warehouse has agreed overhaul its security program and pay a $300,000 fine to New York State after hackers stole 20 years' worth of payment card data and customer information the company was storing in plaintext on its e-commerce server.
An insurance provider that services many state Medicaid agencies and the Children's Health Insurance Program told regulators that hackers compromised the personal and protected health information of nearly 9 million patients in an incident discovered in March.
Australian consumer lender Latitude Financial Services anticipates its spring cybersecurity incident will cost it up to AU$105 million, which includes a five-week period during which debt collection systems were severely affected by the attack.
An upstate New York medical specialty practice has reported to regulators that the information of nearly 224,500 employees and patients was compromised in a hacking incident discovered in March. Ransomware group RansomHouse claims to have downloaded 2 terabytes of the entity's data.
The American Hospital Association is urging federal regulators to back off from recent guidance that treats patient IP addresses as protected health information, saying that the new rules would "reduce public access to credible health information" and create hardships for doctors and hospitals.
Healthcare providers are struggling with protecting legacy medical devices against a rising tide of cyberthreats. New Health Sector Coordinating Council guidance can help, said Jessica Wilkerson of the Food and Drug Administration and Mike Powers of Intermountain Health.
Hospital chain CommonSpirit has upped its estimate on the financial toll incurred by a ransomware incident last fall that disrupted IT systems and patient services at some of its facilities for weeks. But company officials reportedly expect many of the costs to be covered by the company's insurance.
The U.S. government sanctioned four entities and one individual involved in helping to funnel payments from malicious activities to support the Democratic People's Republic of Korea government's illicit activities such as unlawful weapons of mass destruction and ballistic missile programs.
A practice management software firm has agreed to pay a $550,000 fine and implement a comprehensive data security program to settle an enforcement action by New York state regulators after a 2020 ransomware attack that affected 1.2 million individuals nationwide, including 428,000 New Yorkers.
The BlueNoroff hacker group, which is associated with the North Korean military's Reconnaissance General Bureau, is using RustBucket malware to target macOS systems of users primarily in the United States and Asia - a tactic observed for the first time since the group began its operations.
Law enforcement and regulatory action over the past year in the United States most likely dissuaded hackers from stealing cryptocurrency, making the amount stolen in the first quarter of the year the lowest compared to each of the four quarters in 2022, TRM Labs said.
Home healthcare equipment firm Apria Healthcare is notifying nearly 1.9 million individuals of a hacking incident discovered in September 2021 that affected information dating back to mid-2019. The company says the breach was related to an attempt to fraudulently obtain funds from Apria.
Cyber programs must go beyond the digital realm and address physical security challenges around buildings and data centers even though there isn't a tool to implement. Firms often adopt physical security measures such as a secure data center with cameras and locked doors only when it's required.
Cybersecurity incidents can have high-profile impacts on the business – from schools to hospitals. But many incidents that disrupt businesses don’t make front-page news. “A disrupted business is not making money. That’s what we mean when we say cyber risk is business risk because we are being impacted by...