Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million, according to the company's latest financial report. The company has said that the Maze ransomware gang was behind the attack.
Web hosting giant GoDaddy confirms that a data breach has affected about 28,000 of its customers' web hosting accounts, according to a news report. The company has reset passwords and usernames for some customers as a precaution, although it says no data appears to have been altered.
Despite the need to battle COVID-19, several nations' in-development digital contact-tracing apps are already dogged by security and privacy concerns. Whether enough users will ever trust these apps to make them effective remains a major question. Is it too late to get more projects back on track?
A sophisticated, highly targeted phishing campaign has hit high-level executives at more than 150 businesses, stealing confidential documents and contact lists, says security firm Group-IB. The campaign, which targets Office 365 users, appears to trace to attackers operating from Nigeria and South Africa.
A federal court recently granted final approval for an $8.9 million settlement of a class action lawsuit against Banner Health stemming from a 2016 data breach. The settlement spells out steps the Phoenix-based organization must take to improve information security.
What should an enterprise do when someone reaches out and claims to have the company's data or information about a breach? Although it can be a delicate situation to manage, there are sound approaches enterprises can take, says data breach expert Troy Hunt.
A California-based genetic testing laboratory has reported an email hacking incident that may have exposed medical information on nearly 233,000 individuals. It's the second-largest health data breach posted to the federal health data breach tally so far in 2020.
It's not so much that the threats have changed amidst the COVID-19 pandemic. It's that the attack surface has broadened, and it's more challenging for defenders to coordinate intelligence, tooling and processes, says Jimmy Astle of VMware Carbon Black.
Alongside the sad and vast expense of legitimate claims, it is an unfortunate fact that in times of economic hardship, people have a history of taking any opportunity to exploit financial institutions for ill-gotten gain.
Can you "big tech" a way out of a pandemic? Many governments around the world are trying, and Australia is joining the herd with a contact tracing app. But Australia has a splotchy record of large government tech projects, including in health, that may result in low voluntary adoption of an app.
The latest edition of the ISMG Security Report offers an analysis of the phases businesses will go through in the recovery from the COVID-19 pandemic, plus an assessment of new risks resulting from the work-at-home shift and lessons learned from the Equifax breach.
Supermarket giant Morrisons is not liable for a data breach caused by a rogue employee, Britain's Supreme Court has ruled, bringing to a close the long-running case - the first in the country to have been filed by data breach victims.
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