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A US chain of dental offices known as Westend Dental LLC denied a 2020 ransomware attack and its associated databreach, instead telling their customers that data was lost due to an accidentally formatted hard drive. Unfortunately for the organization, the truth was found out.
Significant Financial and Operational Costs: Healthcare providers, faced with potential HIPAA fines and the risk of service interruptions, may feel pressured to pay ransom demands. This stolen data is often exposed on both the clear and dark web, heightening risks of identity theft and further perpetuating cybercrime.
Tools like ChatGPT and Bard, powered by large language models, showcase how generative AI transforms business processesbut they also pose new risks. Securing these AI models and the data they generate. In a recent survey, 93% of respondents admitted to knowingly increasing their companys cybersecurity risks. The challenge?
The recent databreach 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.
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. Check the vendors advice.
CISA adds Veeam Backup and Replication flaw to its Known Exploited Vulnerabilities catalog North Korea-linked APT37 exploited IE zero-day in a recent attack Omni Family Health databreach impacts 468,344 individuals Iran-linked actors target critical infrastructure organizations macOS HM Surf flaw in TCC allows bypass Safari privacy settings Two Sudanese (..)
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.
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.
Since then all board members have resigned, except for CEO Anne Wojcicki who has stood by her plans to take the company private, raising again the subject of what happens to customer genetic data when a company is sold. Databreaches happen to the best companies. I honestly hope they’re right.
The current system forces patients to spread pieces of their medical history across countless proprietary databases controlled by insurance companies, hospital networks, and electronic health record vendors. This approach dramatically reduces unauthorized data use, risk of breaches (privacy and integrity), and administrative costs.
It becomes increasingly difficult to gain complete visibility or transparency that could help security and privacy teams discover sensitive data, identify its security and compliance postures, and mitigate risks. To add to the difficulty, the advent of Generative AI (GenAI) has brought unprecedented security and privacy risks.
Databreach at Healthcare services company Episource exposes personal and health data of over 5.4 A cyberattack on healthcare firm Episource led to a databreach exposing personal and health data of over 5.4 ” reads the notice of databreach published on its website. million individuals.
Quantum Computing Threats While quantum computing offers immense potential, it also poses a serious risk to traditional encryption methods. Expansion of Cyber Insurance As cyberattacks grow in frequency and scale, the demand for cyber insurance will surge.
In its 17th edition, Verizon's 2025 DataBreach Investigations Report (DBIR) continues to deliver one of the most comprehensive analyses of cyber incidents worldwide. The DBIR breaks down breach trends across industries: Financial and Insurance: Heavily targeted by credential stuffing and phishing; fastest detection rates.
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.
HHS Office for Civil Rights Proposes Measures to Strengthen Cybersecurity in Health Care Under HIPAA madhav Thu, 01/23/2025 - 06:25 DataBreaches in Healthcare: Why Stronger Regulations Matter A databreach involving personal health information isnt just about stolen filesits a gut punch to trust and a serious shake-up to peoples lives.
Breaches can disrupt care delivery and put lives at risk, not to mention lead to hefty compliance fines. Healthcare executives are responding by viewing cybersecurity not just as an IT issue, but as a core business risk. and GDPR/NIS2 in Europe compel healthcare entities to strengthen data protection.
Insurance company Allianz Life was breached, exposing the data of most of its 1.4 The company filed a databreach notification with the Attorney General of the US state of Maine on Friday July 25, 2025. million American customers. Check the vendor’s advice. Change your password.
DSPM provides a comprehensive view of an organization’s data security posture, its compliance status, security and privacy threats, and, critically, how to manage these risks effectively. It does so by helping organizations: Discover and classify sensitive data across cloud environments. Continuously monitor datarisks.
The latest wave of privacy litigation doesn't involve databreaches, AI models, or spyware. For insurers, this is a coverage minefield. Many cyber policies weren't built to respond to privacy litigation that doesn't stem from a breach or cyber incident. There's nothing futuristic about this version of privacy risk.
The cybersecurity regulations apply to entities overseen by the NYDFS, such as financial institutions, insurance companies, agents, and brokers, as well as banks, trusts, mortgage lenders and brokers, money transmitters, check cashers, and other related businesses. Human error was the leading cause of cloud-based databreaches.
Senators introduced a bill on Tuesday that would prohibit data brokers from selling or transferring location and health data. Data brokers have drawn attention this year by leaking several large databases, with the worst being the National Public Data leak. They then sell the gathered data for several purposes.
A cyberattack on Allianz Life Insurance Company of North America has exposed sensitive personal data tied to more than one million U.S. The breach was the direct result of a social engineering attack on a third-party vendor. customers, according to a disclosure made public late last week.
The increasing frequency of databreaches and the sophistication of cyber threats highlight the pressing need for strong API security. Non-compliance poses significant risks to sensitive cardholder information, making compliance essential. However, their widespread use has made them prime targets for attackers.
Every organization faces risks that threaten its objectives, assets, and operations. A risk assessment is the foundation for identifying, analyzing, and prioritizing these risks. Understanding the basics of risk assessment is the first step in building a resilient and proactive strategy to mitigate risks and vulnerabilities.
The New York Department of Financial Services (NYDFS) Cybersecurity Regulation, officially known as 23 NYCRR Part 500, is a forward-thinking framework designed to protect consumers sensitive data while holding businesses accountable for their cybersecurity practices. The program should be tailored to your specific business risks.
Leading a university also means managing a very complex set of risks: cyberattacks, financial instability, regulatory shifts, and reputational fallout, just to name a few. These risks threaten an institutions ability to educate, innovate, and serve its community. Top Challenges in Risk Management for Colleges and Universities 1.
According to the Thales Data Threat Report, Healthcare and Life Sciences Edition , in 2023, among healthcare and life sciences respondents, human error (76%) is the leading reported cause of cloud databreaches, well ahead of a lack of MFA, the second highest, at 11%. What is HIPAA? Who does it apply to?
Among these businesses, human error was cited as the leading cause of cloud-based databreaches at 41% (10 points higher than the global number). These organizations must contend with sophisticated threats and challenges in banking, insurance, investment banking, or securities.
Silva Joe Silva , CEO, Spektion Reflecting on attacks in 2024, many organizations lacked visibility into their third-party software leaving themselves open to exploitation.Until organizations can shift software risk management leftbeyond reactive patchingthey will remain. Software sprawl continues to expand the attack surface. If the U.S.
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.
Together, these factors magnify any existing vulnerabilities, transforming manageable risks into significant threats during the M&A period. We’ll also provide actionable recommendations so you can proactively defend against these heightened risks and ensure a more secure and successful integration.
Because of this, compliance is extremely important in cybersecurity, ensuring organizations follow established standards to protect sensitive data, maintain trust, and mitigate risks of all kinds. Payment Card Industry Data Security Standard (PCI DSS) applies to any organization handling payment card information.
According to SailPoint, the financial industry was the most targeted sector for databreaches in 2024. With the increasing reliance on digital systems and the growing sophistication of cyberattacks, DORA harmonises requirements across member states, reduces fragmentation and ensures a consistent approach to ICT risk management.
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. Verizon itself noted a recurring theme of the role that third-party relationships play in breaches.
Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. Ransomware attacks, in particular, pose a significant risk, though some sectors and regions are more vulnerable than others.
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
In this blog, I’m exploring these changes, grouped under key categories that I’ve used in previous years, to help business leaders and cyber risk owners better prepare for the evolving landscape. Critical infrastructure face heightened risk from targeted disruptions, as do small businesses who are the backbone of the economy.
Halts Hundreds of Attacks in the past 48 hours: Combating Ransomware and Nation-State Cyber Threats Head-On Subscribe to our Newsletters Most Read on the Boulevard 16 Billion Leaked Records May Not Be a New Breach, But They’re a Threat Scattered Spider Targets Aflac, Other Insurance Companies WhatsApp BANNED by House Security Goons — But Why?
Its an apt phAn erase for people working in cybersecurity and data protection, who, as Brian joked, tend not to look on the bright side. Drawing on reports from the World Economic Forum, the Verizon DataBreach Investigations Report and Hiscox Insurance, Brian painted a picture of what that dark side looks like.
As your business grows, so do the risks. On the other, the value of protection against future risks and compliance penalties can outweigh that initial price tag. Continuous security monitoring tools help prevent databreaches, reduce downtime, and keep you in line with regulations, all of which can save you from costly disasters.
Cyber insurance industry faces a pivotal year The cyber insurance industry faces a pivotal year, influenced by evolving ransomware threats, regulatory changes, and the integration of artificial intelligence (AI). MORE Deepseek got the world’s attention, but what about security risks? But still, progress is progress.
And thats where Governance, Risk, and Compliance (GRC) comes into play. Both brands have faced significant scandals where they mishandled customer data, leading to public outrage, regulatory scrutiny, and a massive hit to their reputation. Risk Management Next up is Risk Management. The takeaway? What Is GRC, Really?
Cyberattacks, system failures, and databreaches arent IF scenariostheyre WHEN scenarios. Organizations must adopt solutions that integrate continuous risk management , real-time threat intelligence, and dynamic response capabilitiesensuring that their systems are resilient. Cyber Insurance with AI-Driven Risk Assessments (e.g.,
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