Remove industry-news sec-reporting-cybersecurity-incidents
article thumbnail

Cyberattacks Deal Heavy Financial Blows to Clorox, Johnson Controls

SecureWorld News

New regulatory filings have exposed the skyrocketing costs of major cyber incidents, as big brands Clorox and Johnson Controls admitted collectively suffering more than $75 million in attack-related expenditures last year. A recent SEC filing put Clorox's six-month cyber incident cost at a staggering $49 million.

article thumbnail

Mortgage Firm loanDepot Falls Victim to Cyberattack

SecureWorld News

LoanDepot has confirmed that the cyber incident involved unauthorized third-party access to certain systems, resulting in the encryption of data. Despite these efforts, the company is still evaluating whether the incident will have a material impact on its operations. Here are some notable quotes from industry leaders.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

First American Financial Pays Farcical $500K Fine

Krebs on Security

In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 But the company never acted to fix it until the news media came calling. This week, the U.S.

Insurance 277
article thumbnail

Telco service provider giant Syniverse had unauthorized access since 2016

Security Affairs

According to Motherboard that first reported the news potentially millions of cellphone users worldwide were impacted. Securities and Exchange Commission (SEC) the company states that an unauthorized party accessed on several occasions databases on its network. ” states the SEC filing. ” states Motherboard.

Mobile 105
article thumbnail

Navigating AI Regulations in the Insurance Sector: A Comprehensive Guide

Centraleyes

At the annual InsureTech Connect event in Las Vegas last month, AI won the prize as the most trending topic preoccupying the entire industry. The bald, genderless trademark AI face has been casting a pupil-less global gaze and putting every industry under its spell. The insurance industry is no exception. This.is.not.a.fad.

article thumbnail

The Unseen Threats: Anticipating Cybersecurity Risks in 2024

Security Boulevard

Cybersecurity risks increase every year and bludgeon victims who fail to prepare properly. Cybersecurity predictions offer a glimpse at the dangerous oncoming traffic and help leaders develop strategies to navigate their journey safely. Those in cybersecurity who fail to look ahead will be crushed by what they don’t see coming.

Risk 115
article thumbnail

5 Major Cybersecurity Trends to Know for 2024

eSecurity Planet

As 2023 draws to an end and cybersecurity budgeting is nearly complete, it helps to consider the year’s events and try to predict next year’s trends. After receiving input from industry experts and doing my own analysis of the year’s driving forces, I identified five major cybersecurity trends.