Losses to fraud reported by Britain's financial services sector exceeded $1.5 billion in 2022, declining by 8% from 2021, says trade association UK Finance. About 40% of losses tied to authorized push payment fraud, in which victims get tricked into transferring funds to attackers.
Online sports retailer Sports Warehouse has agreed overhaul its security program and pay a $300,000 fine to New York State after hackers stole 20 years' worth of payment card data and customer information the company was storing in plaintext on its e-commerce server.
ChatGPT will continue to operate inside the European Union despite warnings from OpenAI CEO Sam Altman that he's prepared to pull out from the bloc if he doesn't like regulations being prepared in Brussels. European lawmakers earlier this month proposed new obligations for AI models such as GPT.
In the latest weekly update, ISMG editors discuss top takeaways from Ukraine's cyber defense success, how a European regulator suspended Facebook data transfers to the United States, and the state of the EU General Data Protection Regulation on its five-year anniversary.
The American Hospital Association is urging federal regulators to back off from recent guidance that treats patient IP addresses as protected health information, saying that the new rules would "reduce public access to credible health information" and create hardships for doctors and hospitals.
Healthcare providers are struggling with protecting legacy medical devices against a rising tide of cyberthreats. New Health Sector Coordinating Council guidance can help, said Jessica Wilkerson of the Food and Drug Administration and Mike Powers of Intermountain Health.
Between May 19 and 25, a hacker took control of Tornado Cash and stole $1 million, plaintiffs in a Coinbase-bankrolled lawsuit pressed for summary judgment, attackers used crypto phishing as a service to steal $6 million, Trezor hot wallet was found to possibly be buggy and Celer patched a bug.
Five years after the effective date of the General Data Protection Regulation, the European Union privacy law - hailed as a way to protect the privacy of citizens in an increasingly digital world - continues to be marred by criticism over its lack of effectiveness and uneven implementation.
As the largest media company at RSA Conference 2023, ISMG conducted more than 160 individual interviews with CEOs, CISOs, government leaders, investors, researchers and attorneys. This compendium covers every facet of cybersecurity, from the latest technology solutions to emerging trends.
Breach notifications from British outsourcing giant Capita mount amid signs the multibillion-pound company doesn't have a firm grip on how much data it exposed. For a company that trumpets its ability to "achieve better outcomes," Capita's inability to grasp the impact of its breaches is ironic.
A practice management software firm has agreed to pay a $550,000 fine and implement a comprehensive data security program to settle an enforcement action by New York state regulators after a 2020 ransomware attack that affected 1.2 million individuals nationwide, including 428,000 New Yorkers.
European Union lawmakers have criticized the British government's updated privacy bill over concerns that it fails to adequately protect European citizens' fundamental rights. Lawmakers also heard from the Irish data authority on the status of its pending TikTok inquiry.
Home healthcare equipment firm Apria Healthcare is notifying nearly 1.9 million individuals of a hacking incident discovered in September 2021 that affected information dating back to mid-2019. The company says the breach was related to an attempt to fraudulently obtain funds from Apria.
Proposed class action lawsuits are piling up over hackers' use of a vulnerability in Fortra's GoAnywhere secure file transfer and a resulting data breach affecting 3 million individuals. NationsBenefits Holdings disclosed that hackers accessed personal information by using the widely exploited flaw.
European privacy regulators gave Facebook five months to stop transferring data into the United States and assessed the social media giant a record 1.2-billion-euro fine in a decision that puts pressure on the European Commission to finalize a legal agreement enabling trans-Atlantic data flows.
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