What trait does a global cyberattack and a hurricane share? Both could cost insurers - and victims - dearly. In a new report, Lloyd's of London estimates that a major cloud services attack could trigger $53 billion in losses and cleanup costs.
Demands by politicians that people must be willing to surrender their privacy rights to help security services battle cybercrime are shorthand for governments having significantly underinvested in the required resources, says information security expert Brian Honan.
A discussion on the latest happenings in the darknet marketplace leads the latest edition of the ISMG Security Report. Also, getting to the bottom of Russia's Democratic Party hack could be the ultimate goal of a lawsuit filed against the Donald Trump presidential campaign.
Ashley Madison wants to put that sordid data breach affair behind it. Parent company Ruby Life has reached an $11.2 million settlement agreement with the plaintiffs behind two dozen U.S. class-action lawsuits - since consolidated - lodged in the wake of its massive 2015 breach.
A new report into the state of consumer routers by Carnegie Mellon researchers is unsparing in its criticism: It's a market of lemons, and virtually all of the test models had security problems. What's the solution?
The plaintiffs who are suing Donald Trump's presidential campaign for conspiring with Russia and WikiLeaks over disclosing their private information stolen from Democratic Party computers could declare a moral victory even if they lose their case. Could exposing the truth be their ultimate goal?
London-based health insurer Bupa Global is warning international policyholders that a breach affecting 547,000 customers - with data showing up on darknet marketplace AlphaBay for sale - traces to a now-former employee.
A recent breach reported by University of Iowa Health Care illustrates the need to carefully guard against exposure of sensitive data on the internet, especially during software development projects.
Verizon has apologized to customers after a contractor failed to secure an Amazon Web Services S3 bucket, leading to the exposure of data relating to 6 million accounts. But it's unclear if Verizon plans to notify customers whose data and accounts might be at risk.
Enterprises should be working overtime to eradicate "EternalBlue" from their networks since two massive malware outbreaks - WannaCry and NotPetya - have targeted the Windows flaw. But vulnerability scans show there's still work to be done.
The recent WannaCry ransomware campaign has led to more healthcare organizations paying closer attention to cybersecurity and the latest threats, says Lee Kim of the Healthcare Information and Management Systems Society.
Trump Hotels is warning customers that payment card data at 14 of its properties was compromised during a seven-month breach that affected service-provider Sabre. Other affected chains include Hard Rock Hotel & Casino and Loews Hotels.
Is the Internet of Things (IoT), the solution of all things? Some may agree and some may not, but Asia Pacific's attraction toward IoT will only become more apparent in the coming years.
Kudos to the breached business - in this case, kiosk manufacturer Avanti Markets - that quickly alerts victims and gives them actionable information for protecting themselves. Unfortunately, not all breached businesses are so forthright, as some recent data leaks demonstrate.
Avanti Markets is warning 1.6 million users of its self-service kiosk vending machines that malware-wielding hackers infected about 1,900 of its machines and stole names and payment card data, but not biometric information. Point-of-sale malware called Poseidon appears to be involved.
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