Australian health insurer Medibank told investors it stopped a probable ransomware attack before the attack could steal data or maliciously encrypt its systems. Australia has been undergoing an apparent spate of data breaches that continues with a breach of email addresses at e-commerce site MyDeal.
Decentralized finance exchange Mango Markets is set to pay $47 million as a bug bounty to the hacker who stole $117 million in digital assets on Wednesday, after 96% of the governance voted in favor of the deal. Mango Markets is a trading platform riding on the Solana blockchain.
Australian health insurer Medibank Group says it has found no evidence of data compromise following its Wednesday detection of unusual network activity. The company, which serves nearly 4 million Australians, restored access to its policy websites on Friday.
Since credential leaks are so common in cybersecurity incidents and breaches, how is it even possible to protect identities? Corey Nachreiner of WatchGuard Technologies shares strategies for how enterprises can upgrade their approach to identity security.
In the latest weekly update, ISMG editors discuss the trending themes from the 2022 ISMG Southeast Summit, plans by cryptocurrency exchange Binance to implement security measures to shore up cross-chain vulnerabilities, and the viability of a proposed data flow agreement between the U.S. and Europe.
Fast-fashion clothing giant Shein has been fined $1.9 million by the New York state attorney general for multiple failings tied to a massive 2018 data breach, including substandard password security as well as failing to alert users or force password resets in a timely manner.
Emails encrypted through Microsoft Office are vulnerable to attacks that can reveal the original content of messages due to shortcomings in the protocol, says WithSecure security researcher Harry Sintonen. Microsoft says it may finally abandon its use of the Electronic Code Book algorithm.
Cybersecurity firm Eset says its spotted multiple hacks in Israel coming from a Lebanese threat group dubbed Polonium that's affiliated with Iran. The group employs custom-coded backdoors that use a slew of cloud storage accounts to handle command and control.
A ransomware gang published 52 gigabytes of data it says it stole from Consorci Sanitari Integral, a Barcelona health organization of 3,000 physicians and staff. CSI acknowledge a "compromise in data confidentiality" but says its systems are fully recovered thanks to cloud backups.
The toll that cyber incidents can have on healthcare entities and their patients was especially felt this week by the parents of a 3-year-old child who received an accidental megadose of medicine - a mistake attributed to IT systems being offline at an Iowa medical center.
A phishing and fraud prevention vendor has bought a startup founded by Qualys' longtime engineering leader to help organizations more effectively discover and monitor assets. Red Sift says its purchase of Hardenize will help customers assess the security of their digital asset inventory.
The latest ISMG Security Report examines whether banks should be held liable for the rapidly increasing Zelle fraud problem, explores the latest M&A activity among IAM vendors, and discusses the implications of the new legal framework for personal data transfers between the U.S. and Europe.
A former doctor who practiced internal medicine in several states has pleaded guilty in a New Jersey federal court to criminal HIPAA violations in a case that also involved a pharmaceutical salesman and a larger alleged $2.5 million healthcare fraud conspiracy.
A hacker who stole cryptocurrency says he should walk away with the majority of his loot and put that plan up for a vote to the people from who he stole, using votes tied to the stolen cryptocurrency to vote yes. "Seriously though, wtf is wrong with our industry?" tweeted a web3 consultant.
Vista Equity Partners and KnowBe4 have struck a deal to take the security awareness giant private for $4.6 billion in this week's second massive security acquisition. The agreement comes after the Austin, Texas-based investment firm upped its offer by $380 million, or nearly 4%, to $24.90 per share.
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