Australian health insurer Medibank Group says it has found no evidence of data compromise following its Wednesday detection of unusual network activity. The company, which serves nearly 4 million Australians, restored access to its policy websites on Friday.
In the latest weekly update, ISMG editors discuss the trending themes from the 2022 ISMG Southeast Summit, plans by cryptocurrency exchange Binance to implement security measures to shore up cross-chain vulnerabilities, and the viability of a proposed data flow agreement between the U.S. and Europe.
Fast-fashion clothing giant Shein has been fined $1.9 million by the New York state attorney general for multiple failings tied to a massive 2018 data breach, including substandard password security as well as failing to alert users or force password resets in a timely manner.
The latest ISMG Security Report examines whether banks should be held liable for the rapidly increasing Zelle fraud problem, explores the latest M&A activity among IAM vendors, and discusses the implications of the new legal framework for personal data transfers between the U.S. and Europe.
Both internal and external fraud are expected to grow as economic conditions worsen. Fraud education expert Andi McNeal shares insights on what anti-fraud practitioners are expecting over the next year, the types of fraud to watch out for and how to mitigate fraud risks.
Business Email Compromise (BEC) losses are up 51% year-over-year according to the FBI Crime Report. Additionally, Ransomware is surging, with more than double the number of incidents reported. It takes a defense-in-depth approach to reduce the risk of these popular threats. By understanding the current threats and...
In the latest weekly update, ISMG editors examine the story of a Maryland couple facing charges for giving military medical records to Russia, the sentencing of a former Seattle tech worker for her massive Capital One hack, and why David Hatfield resigned as co-CEO of cloud security vendor Lacework.
What if you were hired for an office job but ended up negotiating with cybercriminals? There aren’t many rules around ransomware, but this is a story about one rule that was definitely broken. By the end, the path to the truth led to a place on the other side of the world where no one wanted to be.
Police arrested a teenager in his suburban Sydney home for allegedly attempting to extort AU$2,000 from victims of the Optus data breach. The unnamed 19-year-old allegedly threatened to conduct financial crimes using the information of 93 individuals unless he received a payout.
A cybersecurity incident at Chicago-based CommonSpirit Health, a system of 1,500 healthcare sites across 21 states and one of the nation’s largest nonprofit healthcare systems, is disrupting medical care after the healthcare system took offline some of its electronic health records systems.
Paige Thompson, the Capital One hacker known as "erratic," was sentenced to time served and five years of probation following her June conviction in U.S. federal court. The five-time felon exploited a weakness in web application firewalls on AWS accounts to steal data of 100 million individuals.
Passwords are supported everywhere. But, says Andrew Shikiar, executive director of the FIDO Alliance, "they have been proven time and time again to simply be unfit for today's networked economy." In this episode of "Cybersecurity Unplugged," Shikiar discusses how to move beyond passwords.
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