State Farm Suffers Data Breach

Cyberattacks pose risk to creditworthiness

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

Capital One Reports Data Breach Affecting 100 Million Customers, Applicants

BEC attacks

Capital One Financial Corp., the fifth-largest U.S. credit-card issuer, said Monday that a hacker accessed the personal information of approximately 106 million card customers and applicants, one of the largest-ever data breaches of a big bank. Paige A. Thompson, 33 years old, was arrested in connection with the hack Monday by federal agents in Seattle,… Continue reading Capital One Reports Data Breach Affecting 100 Million Customers, Applicants

More than One in 10 Firms Losing Over $10M Due to Cyberattacks

Online internet secure payment and network safe communication and banking concept. Person pay in web via computer. Locks and padlocks on diagram.

Annual losses from cyberattacks averaged $4.7 million in the last fiscal year — with more than one in 10 firms losing over $10 million —according to a new report from The Cybersecurity Imperative, a global thought leadership program produced by independent researcher ESI ThoughtLab in conjunction with Willis Towers Watson  and other organizations specialized in… Continue reading More than One in 10 Firms Losing Over $10M Due to Cyberattacks

Marriott Faces $123 Million Fine in U.K. Over Starwood Data Breach

Hacker using laptop. Hacking the Internet.

Marriott International Inc. faces a fine of $123.6 million for a breach of the Starwood guest-reservation database, as the U.K.’s privacy watchdog takes aim at the world’s largest hotel company. Marriott said it would appeal the fine issued by the U.K. Information Commissioner’s Office, or ICO. The hotel owner disclosed in November that a hack… Continue reading Marriott Faces $123 Million Fine in U.K. Over Starwood Data Breach

British Airways Faces $230 Million Fine Over Data Breach as European Privacy Rules Start to Bite

Cyberattacks pose risk to creditworthiness

A U.K. privacy watchdog has proposed a $230 million fine for the owner of British Airways—potentially a record privacy-related penalty in Europe—alleging it failed to protect passenger data after a hack last year. The move, which British Airways owner International Consolidated Airlines Group SA said it would fight, represents the latest, and by far biggest,… Continue reading British Airways Faces $230 Million Fine Over Data Breach as European Privacy Rules Start to Bite

Class Action Lawsuit Filed Against Quest Diagnostics Following Data Breach

AT&T data breach impacts 73 million

Days after it was revealed a data breach may have affected up to 11.9 million Quest diagnostics customers, a Florida woman filed a class action lawsuit against the diagnostics giant. On Wednesday, Traci Diana Julin, of Lake Mary, filed the federal lawsuit against Quest Diagnostics, AMCA and Optum360 for a security breach at AMCA that… Continue reading Class Action Lawsuit Filed Against Quest Diagnostics Following Data Breach

Chubb and Clyde & Co Launch Emerging Cyber Risks and Multinational Insurance Report at Airmic

Hacker using laptop. Hacking the Internet.

Chubb today published a new report on emerging cyber risks and multinational insurance, created in collaboration with global law firm Clyde & Co. The report, Managing Tomorrow’s Cyber Risks and Multinational Insurance, was launched at the Airmic 2019 Conference in Harrogate. It analyses the current international cyber risk landscape and highlights areas that multinational corporations… Continue reading Chubb and Clyde & Co Launch Emerging Cyber Risks and Multinational Insurance Report at Airmic

Quest Diagnostics Says 11.9M Patients’ Info May Have Been Exposed in Data Breach

Digital security concept

About 11.9 million Quest Diagnostics patients may have had their financial, medical and other personal information exposed in a data breach, the company said Monday. In a filing with the Securities and Exchange Commission, Quest said a billing collections vendor, American Medical Collection Agency, notified it last month of potential unauthorized activity on AMCA’s web… Continue reading Quest Diagnostics Says 11.9M Patients’ Info May Have Been Exposed in Data Breach

First American Says Product Defect Could Have Caused Customer Data Exposure

cyber risk management

U.S. real estate title insurance company First American Financial Corp said on Friday it had learned of a design defect in one of its production applications that had made possible unauthorized access to customer data. The statement was sent in response to a report by security news website Krebs on Security, which said First American’s… Continue reading First American Says Product Defect Could Have Caused Customer Data Exposure

Yahoo Reaches New $117.5 Million Data Breach Settlement

AT&T data breach impacts 73 million

Yahoo has reached a revised $117.5 million settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history. The proposed settlement made public on Tuesday requires the approval of U.S. District Judge Lucy Koh in San Jose, California. Koh had on Jan. 28 rejected an… Continue reading Yahoo Reaches New $117.5 Million Data Breach Settlement