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UnitedHealth says it now estimates that the databreach on its subsidiary Change Healthcare affected 190 million people, nearly doubling its previous estimate from October. According to BleepingComputer , the original attackers joined forces with RansomHub and never deleted the data. Check the vendors advice. Take your time.
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.
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. .”
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.
Nova Scotia Power confirmed a databreach involving the theft of sensitive customer data after the April cybersecurity incident. This week, the company disclosed a databreach after the April security incident and revealed that threat actors stole sensitive customer data. Nova Scotia Power Inc.
If a company you do business with becomes part of a databreach, cybercriminals may have full access to your confidential information. Unfortunately, databreaches are on the rise and affecting more companies and consumers than ever. billion people received notices that their information was exposed in a databreach.
Sperm donor giant California Cryobank has announced it has suffered a databreach that exposed customers’ personal information. The databreach notification states that the breach occurred on April 20, 2024 and CCB discovered it on October 4, 2024. 2FA that relies on a FIDO2 device cant be phished.
Verizons DataBreach Investigations Report showed that 74% of security breaches involve a human element, with system administrators and developers accounting for most of these errors. These tools will help companies stay compliant with evolving regulations while minimizing the risk of databreaches.
Protecting yourself after a databreach There are some actions you can take if you are, or suspect you may have been, the victim of a databreach. Every breach is different, so check with the vendor to find out whats happened, and follow any specific advice they offer. Check the vendors advice. Take your time.
There are no changes to the way the company stores, manages, or protects customer data. In 2023, not only did the company suffer a major databreach , it also placed some of the blame on the victims who, according to 23andMe, negligently recycled and failed to update their passwords. Watch out for fake vendors. Take your time.
AI-powered malware and phishing schemes can adapt to defenses in real time, making them harder to detect and counter. Expansion of Cyber Insurance As cyberattacks grow in frequency and scale, the demand for cyber insurance will surge. Enhanced Focus on Data Privacy Databreaches have shown no signs of slowing down.
In its 17th edition, Verizon's 2025 DataBreach Investigations Report (DBIR) continues to deliver one of the most comprehensive analyses of cyber incidents worldwide. Stolen credentials played a role in more than 60% of breaches, making them the top vector once again. Phishing accounted for nearly 25% of all breaches.
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). The growing risks to your data During the third quarter of 2024, databreaches exposed more than 422 million records worldwide.
RIBridges supports state programs like Medicaid, SNAP, Rhode Island Works, childcare assistance, long-term care, and HealthSource RI insurance. Rhode Island is encouraging residents to safeguard their data after a breach. Daniel McKee stated the state had prepared for this and is informing impacted individuals.
In mid-May, the company disclosed a databreach after the April security incident and revealed that threat actors had stolen sensitive customer data. Nova Scotia Power warned customers about phishing scams impersonating the utility to steal data. ” reads the update.
Key Points Phishing incidents rose during the reporting period (August 1 to October 31, 2024), accounting for 46% of all customer incidents. This increase is likely driven by high employee turnover and easy access to phishing kits. Meanwhile, “RansomHub” is rising rapidly due to its attractive ransomware-as-a-service (RaaS) model.
Among these businesses, human error was cited as the leading cause of cloud-based databreaches at 41% (10 points higher than the global number). Among FinServ organizations, 73% have adopted multifactor authentication (MFA) to secure cloud data access, nearly matching the overall average of 74%.
The regulation emphasizes strict access control measures to ensure that only authorized personnel can access sensitive data. Over 60% of databreaches involve insiderssome malicious, others accidental. Encryption Sensitive data must be encrypted, whether in transit or at rest.
Third-party risk rises as a factor in breaches: Verizon DBIR 2025 Verizons latest annual DataBreach Investigations Report (DBIR) shows some concerning trends with a sharp escalation in global cyber threats. Landed earlier than usual, the 2025 edition found that 30 per cent of breaches involved third-parties, doubling from 2024.
Cunningham John Paul Cunningham , CISO, Silverfort Identity-based attacks in 2024, like those on Microsoft and Snowflake, are prompting insurers to intensify scrutiny in 2025. MFA attacks, leveraging phishing and session hijacking, are set to rise.
Chinese cyber spies targeted phones used by Trump and Vance Irish Data Protection Commission fined LinkedIn €310M for GDPR infringement Change Healthcare databreach impacted over 100 million people OnePoint Patient Care databreach impacted 795916 individuals From Risk Assessment to Action: Improving Your DLP Response U.S.
One private equity CISO reported a 400% increase in phishing attempts on acquired companies post-M&A deal announcements. By contrast, the finance and insurance; professional, scientific, and technical services (PSTS); and retail trade sectors accounted for 8% each. Totaling an impressive $2.5
Sophisticated social engineering tactics, phishing campaigns, or financial incentives make it easier for cybercriminals to use insiders as tools for gaining access and maintaining their foothold in systems rather than hacking in. Cyber threats often exploit human errors, whether through phishing attacks, weak passwords, or lapses in protocol.
That is to say, healthcare organizations and business partners may face greater liability in case of a security breach. In 2024, the average databreach size jumped from 225,000 to nearly 400,000, though reports are still being counted. Between 2022 and 2023, the HIPAA Journal reported a jump from 51.9
Expect to see AI-enabled phishing campaigns, deepfake scams, and automated attacks grow in complexity. Defensive AI breakthroughs: Tools that flag phishing attempts and scams more effectively, offering users clearer warnings and peace of mind. Secure digital identities: Broader adoption of services like Clear and ID.me
One of the most impactful databreaches last year was of Change HealthCare, which impacted an estimated 190 million people. Insurance companies have shown that their interest in buying specific medical information, like prescriptions that identify medical conditionssuch as HIV, cancer, or psychiatric disorders. Take your time.
Cyberattacks, system failures, and databreaches arent IF scenariostheyre WHEN scenarios. Cyber Insurance with AI-Driven Risk Assessments (e.g., Resilience angle By integrating insurance with security strategies, companies can recover faster from incidents while reinforcing their security posture to prevent future attacks.
The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. based First American is a leading provider of title insurance and settlement services to the real estate and mortgage industries. First American Financial Corp. Image: Linkedin. Santa Ana, Calif.-based billion in 2018.
You’ve probably never heard of “ 16Shop ,” but there’s a good chance someone using it has tried to phish you. A 16Shop phishing page spoofing Apple and targeting Japanese users. Image: Akamai.com. The INTERPOL statement says the platform sold hacking tools to compromise more than 70,000 users in 43 countries.
Could be phished credentials. It’s too early to assess compliance to data loss regulations. Often inadvertent databreaches stem from a well-meaning employee trying to meet the needs of clients but without the technical systems to facilitate. Could be weak application security practices. Could be a bad actor.
Magellan Health, a for-profit managed health care and insurance firm, was the victim of a ransomware attack. Magellan Health is a for-profit managed health care and insurance firm that ranks 417 on the Fortune 500 list of the largest US corporations by total revenue. ” reads the databreach notice issued by the company.
So, your business has just suffered a databreach and it’s time to dig deep in your pockets to pay all the resulting expenses. Without cyber insurance , you can expect to pay a dizzying amount of cash. Here are four ways your business can save money on its insurance. How is cyber insurance priced? Fixed rate.
DataBreach: WizCase team uncovered a massive data leak containing private information about Turkish Citizens through a misconfigured Amazon S3 bucket. Inova is an actuarial consultancy company, which means they compile statistical analysis and calculate insurance risks and premiums. How Did the DataBreach Happen?
That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a databreach is $4.24 As the number and severity of databreaches continues to rise, organizations are recognizing that those costs are not theoretical. Cyber Insurance is Booming.
The US State of Maine says it has suffered a databreach impacting around 1.3 The type of stolen data varies from person to person, likely because the databreach affected multiple agencies in the State. The breach also impacted several other departments. Watch out for phishing emails, too.
Allegedly, Acuity had a databreach. That's the context that accompanied a massive trove of data that was sent to me 2 years ago now. One of the first things I do after receiving a databreach is to literally just Google it: acuity databreach.
The compromised databases included names, addresses, dates of birth, insurance policy details, medical record numbers, account balances and dates of service — of both guarantors and patients. The fact that this incident is being labeled “the Atrium breach” in the media also shows where the reputational risk lies. Sticky problem.
Cyber liability insurance can be a lifeline in the event of a major incident or breach. Cyber incidents rose 35% in 2020 with databreaches costing businesses an average of $4.24 million per year , resulting in cyber insurance premiums jumping up by 50-100%. No doubt, cyber insurance is a hot topic right now.
The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.
The American group of insurance and financial services companies State Farm disclosed a credential stuffing attack it has suffered in July. The American group of insurance and financial services companies State Farm revealed that it was the victim of a credential stuffing attack it has suffered in July. Pierluigi Paganini.
million patients have been impacted by a health care databreach so far in 2021, a whopping 185% increase from the same time period last year where just 7.9 The health care sector saw over 6,000 phishing emails out of an average of 451,792 emails. of all phishing attacks were business email compromise attempts, and just 2.2%
Insurance firm CNA Financial, a prominent provider of cyber insurance, confirmed a cyberattack against its systems, which has some concerned that cybercriminals may target policyholders. They could also phish certain policyholders. (Antoine Taveneaux, CC BY-SA 3.0 link] , via Wikimedia Commons).
AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware. eflon CreativeCommons CC BY 2.0.
The County of Los Angeles’ Department of Public Health (DPH) disclosed a databreach that impacted more than 200,000 individuals. The LA County’s Department of Public Health announced that the personal information of more than 200,000 was compromised after a databreach that occurred between February 19 and February 20, 2024.
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