Home Archive for category "Data Breach"
Comments Off on Facebook Data Breach Affecting 30 Million Users Makes Victims More Susceptible to Account Takeover.
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Many Not Ready for GDPR Requirements Including 72 Hour Breach Notification

The European Union’s General Data Protection Regulation (GDPR) goes into effect May 25th and will apply to any collecting and storing information on EU consumers, with fines for non-compliance as high as €20 million or 4 percent of annual revenue. Despite the hefty potential penalties, just 52 percent of organizations said they will be GDPR

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Comments Off on 124 Data Breaches Were Announced in the First Two Months of 2018 Following a Record-Setting 2017.
Comments Off on Number of Records Compromised in U.S. Data Breaches Nears All-Time High While Nearly 90 percent Included Victims’ SSNs.
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FTC Chair Nominee and New Federal Reserve Chairman Each Mention Data Breaches as a Critical Concern

As the FTC considers and confirms nominees to fill vacant commission seats, those interviewed speak to the still growing threat of data breaches and say this is a top priority for the government agency. Meanwhile, the House Financial Services Committee asks new Fed Chairman Jerome Powell what approach he will take to secure data, following

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Uber Sat on Data Breach Affecting 57 Million Users for Over 1 Year

Uber, one of the latest companies to suffer a data breach, is suffering backlash not just for the 57 million user accounts compromised following the breach, but the company’s failure to disclose the breach until more than one year after it occurred. The company is now facing scrutiny from Congress and potential legal repercussions. The

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Over 700 Million Compromised Email and Password Combinations Used to Send Spam

Lists of email addresses with password and other information used to send phishing emails and spam were hosted on an open server and available to copy or download.  More than one-fourth of the email and password combinations were identified from previous data breaches and this collection of 711 million email address account credentials shows the scale of data breaches

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As SEC Investigates Yahoo Breach, FTC Reiterates Need for Federal Breach Notification Laws

Following a data breach involving over 500 million accounts and a delay in notifying the public or impacted parties, the Securities and Exchange Commission (SEC) started an investigation into the Yahoo data breach at the request of a Senator. Later at a Senate Committee meeting the Federal Trade Commission (FTC) cited the Yahoo breach reiterating

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Average Cost of Data Breach Grows to $4M Globally, $7M in the U.S.

IBM and the Ponemon Institute recently published the latest results of their global study measuring the financial impact of data breaches to the victim companies. While the global average increased to $4 million, up from $3.8 million last year, organizations in the United States, Germany and Canada incur $5 million or more in losses per

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