Personal and financial information for at least 57,000 parties doing business with Bank of America was exposed in a third party data breach in late October of last year. Infosys McCamish Systems (IMS), an insurance process management services provider, is the third party that was compromised.
Senior Correspondent at CPO Magazine
Scott Ikeda is a technology futurist and writer for more than 15 years. He travels extensively throughout Asia and writes about the impact of technology on the communities he visits. Over the last 5 years, Scott has grown increasingly focused on the future landscape of big data, surveillance, cybersecurity and the right to privacy.
According to a new joint warning published by the CISA, NSA and FBI, exploits by the Chinese hackers have been going on for at least five years in some victim critical infrastructure environments.
Clorox reported a total of $49 million in incremental expenses related to the attack, with Johnson Controls reporting data breach costs of nearly $27 million. This money went to remediation costs such as third party contracting, as well as added operating costs due to disruptions.
A Hong Kong deepfake scam that netted HK$200 million made use of a fake video conference with multiple company executives. The employee that was targeted reportedly did suspect fraud at first, but nevertheless ended up making a total of 15 bank transfers.
The privacy lawsuit dates all the way back to 2018, when Google internally discovered that the Google+ API was being abused. The privacy lawsuit has now been settled for $350 million, after a lengthy appeals process played out.
Amazon was penalized for excessive employee monitoring, insufficient data minimization, and failing to meet transparency and security requirements. Much of the GDPR fine centers on the hand scanners that are issued to warehouse employees.
New papers reveal the National Security Agency (NSA) regularly purchases internet data about Americans from private data brokers, including categories that could normally only be obtained via a court order.
A grave warning from FBI director Christopher Wray: Chinese hackers can be expected to continue to infiltrate critical infrastructure, and similar activity is likely proceeding successfully.
A botnet used by a state-backed Chinese hacking group has lost at least some of its capacity, according to security officials that spoke to Reuters anonymously. The Volt Typhoon group has been targeting US critical infrastructure since at least mid-2021.
Insurance giant Allianz SE's annual survey on business risk finds that organizations are most concerned about cyber events going into 2024, once again placing it as their top risk category above business interruption and natural catastrophes.










