Computer systems in 22 small Texas towns have been hacked, seized and held for ransom in a widespread, coordinated cyberattack that has sent state emergency-management officials scrambling and prompted a federal investigation, the authorities said. The Texas Department of Information Resources said Monday that it was racing to bring systems back online after the “ransomware… Continue reading Hackers Breach 20 Texas Government Agencies in Ransomware Cyber Attack
Tag: cyber insurance
Cofense and CNA Strengthen Security Awareness within Cyber Insurance Industry
Cofense™, the global leader in intelligent phishing defense solutions, announced its strategic relationship with CNA, one of the largest commercial property and casualty insurance companies in the United States. Cofense will provide security awareness training as part of CNA CyberPrep, the latest addition to CNA’s suite of cyber liability insurance products designed to help companies… Continue reading Cofense and CNA Strengthen Security Awareness within Cyber Insurance Industry
Facebook Failed to Warn Users of Known Risks before 2018 Breach: Court Filing
Facebook users suing the world’s largest social media network over a 2018 data breach say it failed to warn them about risks tied to its single sign-on tool, even though it protected its employees, a court filing on Thursday showed. Single sign-on connects users to third-party social apps and services using their Facebook credentials. The… Continue reading Facebook Failed to Warn Users of Known Risks before 2018 Breach: Court Filing
Federal Prosecutors Accuse Capital One Hacker of Hitting Dozens More Targets
The woman charged with hacking into millions of Capital One Financial Corp. records hit more than 30 other targets, federal prosecutors said, significantly expanding the scale of what was already considered one of the largest heists of data stored in the cloud. Paige A. Thompson, a former Amazon.com Inc. employee, was arrested on July 29,… Continue reading Federal Prosecutors Accuse Capital One Hacker of Hitting Dozens More Targets
New Risk Guidance Being Developed for Cybersecurity, Compliance
A key standard-setter on internal controls is preparing to publish a set of guidelines for companies on how to manage cybersecurity and other enterprise risks. The new guidance from the Committee of Sponsoring Organizations of the Treadway Commission is expected to address how companies can apply the principles of enterprise risk management, or ERM, to… Continue reading New Risk Guidance Being Developed for Cybersecurity, Compliance
State Farm Suffers Data Breach
State Farm, the insurance provider in the US, has been compromised in a credential stuffing attack, according to a news report. The firm, says the report, acknowledged the cyberattack, filing a data breach notification with the California Attorney General, and by sending out “Notice of Data Breach” emails to users whose online account log-in credentials… Continue reading State Farm Suffers Data Breach
How the Accused Capital One Hacker Stole Reams of Data from the Cloud
The woman who allegedly pulled off one of the largest-ever bank-data heists appeared to have exploited a vulnerability in the cloud that security experts have warned about for years. Paige A. Thompson, a former employee at Amazon.com Inc.’s cloud-computing unit who was arrested July 29, is accused of carrying out the massive theft of 106… Continue reading How the Accused Capital One Hacker Stole Reams of Data from the Cloud
Social Security Scams Add to Capital One Hack Concern
Scams aiming to steal people’s Social Security numbers have proliferated this year, adding to worries about identity theft created by this week’s hack at Capital One Financial Corp. and other high-profile data breaches. Federal data show scams targeting Social Security numbers have become one of the most common scams so far this year, overtaking attempted… Continue reading Social Security Scams Add to Capital One Hack Concern
Cyber Insurance May Create False Sense of Security Among Senior Financial Execs: FM Global Survey
Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of the losses their company would incur in a cyber attack. Many of the losses they foresee, however, are rarely covered by insurance. In a study of more than 100 chief financial officers (CFOs) and other… Continue reading Cyber Insurance May Create False Sense of Security Among Senior Financial Execs: FM Global Survey
Capital One Data Breach Puts $400M Insurance Tower On-Watch
Capital One, the U.S. and global banking and personal finance group, has disclosed a $400 million cyber insurance tower that the market is now watching closely, following its hacking and loss of data for more than 100 million of its customers. Capital One said on July 29th that an individual accessed its IT systems, in… Continue reading Capital One Data Breach Puts $400M Insurance Tower On-Watch