LockBit ransomware attack that severely hampered Royal Mail's international delivery system would have cost no less than $70 million, according to chats leaked by the attackers. The original ransom demand was $80 million.
Recent Equifax downgrade surprised Wall street as it’s the first company in history to have ratings outlook downgraded due to escalating litigation and regulatory costs from 2017 data breach and increase in cybersecurity spending.
The Irish DPC has taken some heat for perceived softness in issuing GDPR fines to Big Tech. A $267 million fine issued to WhatsApp is the first substantial amount that the Irish regulator has assessed, but it comes amidst accusations and criticism.
A phishing campaign by state-sponsored Iranian hackers has targeted over 100 government entities and other organizations with version 4 of the Phoenix malware backdoor.
The fitness tracking app Strava may have inadvertently compromised not only classified locations, but the movement of personnel over extended periods of time. Surveillance campaign on Israel's military uncovered.
Regardless of the motivation of the Delhi police, the handover of donor payment data has put India's lack of a national data privacy law and its speech laws in the spotlight.
A new source of cyber risk and attack may come from posting instructions that include a ZIP or MOV file name, with that text automatically converted into a URL leading to one of these new top-level domains.
CNIL has hit Apple's App Store with a fine of €8 million over its ad personalization practices, taking it to task for not properly collecting consent and making the process of opting out too indirect.
A statement from Danske Bank indicates that the GDPR violations are tied to an inability to build data deletion functionality into its complex interlocked IT systems despite beginning efforts in 2016.
The White House budget is seeking a $145 million increase in cybersecurity spending for CISA, $245 million for training cybersecurity professionals in the energy sector, $63 million for the FBI's cyber investigations division, and $215 million for the Treasury Department to implement zero trust architecture and generally bolster its cyber defenses.
