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“Affected insurance providers can contact us to prevent leaking of their own data and [remove it] from the sale,” RansomHub’s victim shaming blog announced on April 16. According to the HIPAA Journal, the biggest penalty imposed to date for a HIPPA violation was the paltry $16 million fine against the insurer Anthem Inc.
Related: Getting the most from cyber insurance At RSAC 2025, I met with ESET Chief Security Evangelist Tony Anscombe to trace a quiet but growing convergence: endpoint defense, cyber insurance, and monoculture risk are no longer separate concerns. Cyber insurers want it. And increasingly, that evidence is under scrutiny.
Were thrilled to unveil our latest threat landscape report for the finance and insurance sector, offering in-depth analysis of the evolving cyber threats facing this industry. In this industry, a single compromised account can trigger large-scale phishing campaigns, causing reputational damage, financial losses, and regulatory penalties.
Airlines, insurance firms, and other industries are finding themselves in the crosshairs of increasingly sophisticated hackers, and experts say both businesses and individuals must act now to avoid falling victim. Insurance and payroll firms also breached Beyond airlines and retailers, insurance and benefits providers are also under siege.
” Exposed information varies per individual, however, it may include demographic information, medical information, health insurance information, Social Security number, drivers license number, financial information, and other personal or health information that patients provided Anna Jacques.
Your personal information is scattered across hundreds of locations: social media companies, IoT companies, government agencies, websites you have accounts on, and data brokers you’ve never heard of. The current state of digital identity is a mess. It’s both redundant and inconsistent. Let’s take healthcare as an example.
The tech giant may have used this data for targeted advertising, according to Blue Shield, which is one of the largest health insurers in the US. Blue Shield a nonprofit health insurer serving nearly 6 million members, used Google Analytics to monitor how customers interacted with its websites to improve services. .”
Health insurance information: Details about primary, secondary, or other health plans/policies, insurance companies, member/group ID numbers, and Medicaid-Medicare-government payor ID numbers. However, the exposed information may include: Contact information: Names, addresses, dates of birth, phone numbers, and email addresses.
All the company’s social media accounts haven’t been updated since 2023 at the latest. This makes the information a treasure trove for advertisers, insurance companies, and Big Pharma. Lie if you must and create a separate free email account so the information can’t be tied to your main account.
Verizons Data Breach Investigations Report showed that 74% of security breaches involve a human element, with system administrators and developers accounting for most of these errors. Insurance Becomes a Necessity The rise of high-profile cyberattacks has led to increased demand for cyber insurance.
UnitedHealth, one of the largest health insurers in the United States, had to undertake a lengthy investigation to confirm the scope of the breach, and its findings emphasize the need for agile security operations that can respond quickly to contain threats and protect data.
The information potentially involved varies by customer but includes names and one or more of the following: Drivers license numbers Bank account and routing numbers. Social Security Numbers (SSN) Health insurance information CCB is posting lettersalong the lines of this California example to everyone who may be impacted.
Health Insurance Information: This may encompass plan name, plan type, insurance companies, and member/group ID numbers. “The specific information involved is not the same for everyone.” ” reads the notice of data breach.
“We discovered unauthorized access to our network that resulted in the unauthorized access to, or acquisition of, certain files by an unauthorized actor.
That has worried some experts who have pointed out that a new owner could, for instance, hand over customer data to insurance companies to hike up monthly premiums, or to data brokers to power increasingly invasive, targeted advertising. Under Settings , scroll to the section titled 23andMe data. Take your time.
Stuart McClure, CEO, Qwiet AI McClure The SEC’s goal appears to be to hold these companies accountable to investors for any successful cyberattacks and expose the company’s lack of preparation and prevention. Other companies may continue to rely on hiding the ball, scapegoating and relying on insurance to cover the losses.
We need to remember, like every industry, there is huge gap between the dozen or so large Fortune 100 health insurance payers, and the 1 million hospitals and doctors offices. We just have to accept the risks and rely on insurance to recover.'" Let me tell you why it's an impact to rabbit community.'
The Office for Civil Rights (OCR) at the HHS confirmed that it prioritized and opened investigations of Change Healthcare and UnitedHealth Group, focused on whether a breach of protected health information (PHI) occurred and on the entities’ compliance with the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Rules.
Small businesses make up 90% of all companies worldwide and account for half of global GDP. Brass With automated tools, attackers can scan thousands of small business networks in moments, identifying weak points like outdated software or exposed accounts. Carrying cyber insurance that covers downtime, breaches, and ransomware.
We insure fire risk, not “you’re using a penny in the fuse box.” This isn’t to say that executives won’t take security into account, it’s to say that neither the language of risk or the work to quantify risk will drive them. Many technical threats are handled in normal engineering without needing formal risk quantification.
Threat actors potentially accessed and/or acquired some of customers’ information, including names, Social Security numbers, driver’s license numbers, financial account numbers and health insurance information. At this time, it is unclear if the exposed information includes any donor data.
The evidence is mounting: •62% of interactive intrusions involved valid account abuse, according to CrowdStrike’s 2023 threat report. With regulatory frameworks like GDPR and HIPAA intensifying scrutiny—and cyber insurers demanding tighter access controls—SPHERE’s platform-based approach is gaining traction. But the world has changed.
The event is sponsored by the Federal Trade Commission (FTC), and other participating agencies include the Federal Deposit Insurance Corporation (FDIC), AARP , and the Better Business Bureau (BBB). Secure payment methods Ensure safe processing of financial transactions.
Many healthcare providers now undergo annual security audits and risk assessments as required by regulators or cyber insurance providers. North America leading in spend and maturity: North America currently dominates the healthcare cybersecurity market, accounting for about 35% of global revenue in 2024.
Non-human service accounts have quietly become one of the biggest liabilities in enterprise security. Yet despite their scale, service accounts remain largely invisible to traditional IAM and PAM systems. Yet despite their scale, service accounts remain largely invisible to traditional IAM and PAM systems.
Westend Dental agreed to settle several violations of the Health Insurance Portability and Accountability Act (HIPAA) in a penalty of $350,000. Unfortunately for the organization, the truth was found out. In October 2020, Westend Dental was attacked by the Medusa Locker ransomware group.
Musielak warned of the rising threat of mass identity theft, fraudulent credit applications, and fake account creation, which are now more scalable with generative AI. If you’re running KYC in banking, insurance, travel, crypto, or anywhere else its time to upgrade your process. ” added the expert. “ @authologic.
Phishing accounted for nearly 25% of all breaches. The DBIR breaks down breach trends across industries: Financial and Insurance: Heavily targeted by credential stuffing and phishing; fastest detection rates. If those controls are not effective, cyber insurance underwriters might have to pay out. And it's not slowing down."
For instance, organizations can leverage DSPM to detect and catalog personally identifiable information (PII) spread across the organization’s data stores, SaaS services, or multi-cloud accounts. Similarly, GDPR also places great emphasis on implementing measures to prevent unauthorized access or sensitive data exposure.
Phishing attacks often impersonate people or brands you know, and use themes that require urgent attention, such as missed deliveries, account suspensions, and security alerts. Check the vendor website to see if they are contacting victims, and verify the identity of anyone who contacts you using a different communication channel.
for stealing data on nearly 10 million customers of the Australian health insurance giant Medibank. By way of example, he suggested maybe a company centered around recovering lost passwords for cryptocurrency accounts, or perhaps a series of online retail stores that sold cheap Chinese goods at a steep markup in the United States.
The report spotlights the emerging threat posed by non-human identities (NHIs)—autonomous AI agents, APIs, machine accounts, and services operating independently with access to sensitive systems and cryptographic credentials. That's what makes this report so frustrating.
The recent data breach at Allianz Life Insurance Company of North America serves as a reminder of the pervasive threat posed by supply chain attacks, even to seemingly robust organizations. It's part of a disturbing trend of social engineering attacks specifically targeting the insurance sector and other industries. million U.S.
The Health Insurance Portability and Accountability Act (HIPAA), enacted in 1996, established national standards to safeguard sensitive patient health information (PHI) and prevent unauthorized disclosures. Accountability for Partners : Holding business associates and subcontractors to the same high standards.
.” The experts determined that threat actors may have stolen certain files containing different types of information, including health insurance and billing information (such as insurance policy numbers or claims/benefits information), payment information (such as debit/credit card numbers or bank account information), health information (such (..)
Inside the VMware campaign The recent GTIG report details a sophisticated attack chain in which Scattered Spider uses social engineering to compromise accounts with access to VMware infrastructure. He noted that the group is no longer focused on quick account takeovers, but rather full infrastructure compromise.
The way accountability is structured, everything rolls downhill to one person, even when the real issues are baked into the system. Build shared accountability across the C-suite. Tout: It started with patterns I kept hearingfrom friends in the role, from guests on the Candid CISO podcast, and from consulting work. My guidance?
Texas Tech University is notifying individuals whose information may be involved in this incident and out of an abundance of caution in offering them access to complimentary credit monitoring services.
And yet, if artificial intelligence achieves what is called an agentic model in 2025, novel and boundless attacks could be within reach, as AI tools take on the roles of agents that independently discover vulnerabilities, steal logins, and pry into accounts. These are real threats, but they are not novel.
“Notifications are in the process of being mailed to impacted account holders, which includes detailed information about resources and support. For some of our customers, bank account numbers (for pre-authorized payment) may also have been impacted, if this information was provided by these customers.
Similarly, software bills of materials (SBOMs) underscore the need for better accountability in third-party software. Balonis Frank Balonis , CISO, Kiteworks By 2025, 75% of the global population will be protected under privacy laws, including U.S.
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