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Pearson agreed to pay $1 million for 2018 Data Theft

CyberSecurity Insiders

Pearson, a London based e-textbook publishing firm that supplies software to Schools and Universities has been slapped with a fine of $1 million for misleading investors about a 2018 data breach that witnessed siphoning of millions of student records by hackers.

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RiskLens Fast Facts on Cyber Risk in the Accommodations Industry

Security Boulevard

In early July, 2022, hotel giant Marriott reported a relatively small data breach at its BWI Airport Marriott hotel, in an attempted ransomware attack affecting 300-400 clients or employees. The breach was the third reported by the hotel chain in recent years. Latest news.

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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Third-party cyber risks are likely to persist at the current scale for a while longer. According to a recent Ponemon Institute study , some 59% of companies experienced a third-party data breach in 2018, yet only 16% believe they are effectively mitigating third-party risk.

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Scanning for Flaws, Scoring for Security

Krebs on Security

For years, potential creditors have judged the relative risk of extending credit to consumers based in part on the applicant’s credit score — the most widely used being the score developed by FICO , previously known as Fair Isaac Corporation. Data accidentally released by FICO about the Cyber Risk Score for ExxonMobil.

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How security pros, the insurance industry, and regulators can combat ransomware

SC Magazine

By some accounts, ransomware attacks increased nearly 150% in the past year, and insurance claims and costs of payments skyrocketed after having already jumped approximately 230% between 2018-19. Insurance claims from cyber/ransomware events have consumed up to 40% of the claims of some insurers’ cyber books.

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Apple Phone Phishing Scams Getting Better

Krebs on Security

It starts with an automated call that display’s Apple’s logo, address and real phone number, warning about a data breach at the company. Jody Westby is the CEO of Global Cyber Risk LLC , a security consulting firm based in Washington, D.C. A new phone-based phishing scam that spoofs Apple Inc.

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Compromise by Proxy? Why You Should Be Losing Sleep Tonight

Adam Levin

In this regard, knowledge of cyber risks and cyber defense are fungible assets. While I am not in a position to say exactly why this was the case, last year’s average per record cost, according to IBM’s “2018 Cost of Data Breach Study” was $157, with the average total cost to a company coming in at $4.24