Lincoln Financial Unit Hit with $650K Fine Over Data Hack
“The Financial Industry Regulatory Authority censured Lincoln Financial Securities Corp., a Lincoln Financial Network broker-dealer, and fined it $650,000 for failing to reasonably safeguard confidential customer data, according to a letter of settlement posted on the regulator’s website on Tuesday. The penalty highlights the increasing importance Finra is putting on cybersecurity and data privacy issues […]
Adult FriendFinder hit with one of the biggest data breaches ever, report says
“A hack against popular adult dating and entertainment company FriendFinder Networks exposed data related to more than 412 million user accounts, according to a report from breach notification site LeakedSource. If the report is correct, that would make the breach one of the largest on record in terms of the number of accounts affected. It […]
Ransomware Attacks Are Soaring, Says Beazley in Data Breach Report
“Ransomware attacks against businesses will be four times higher in 2016 than last year, with a growing number of ransom-seeking hackers demanding bitcoin rather than money, according to a report by specialty insurer Beazley. The Beazley Breach Insights report is based on the insurer’s client data breaches in the first nine months of 2016. During […]
15 States Reach Settlement with Adobe Over 2013 Data Breach
“Ohio and 14 other states have settled with Adobe Sytems to resolve an investigation into the 2013 data breach of certain Adobe servers, which contained personal information of nearly 53,000 Ohio residents. Under the settlement, Adobe agrees to implement new policies and practices to prevent similar breaches in the future and pay $1 million to […]
Yahoo discovered hack leading to major data breach two years before it was disclosed
“Yahoo discovered the hack that led to a data breach affecting more than a half billion accounts nearly two years before the attack was disclosed in September, according to documents filed with financial regulators Wednesday. News of the breach broke as Yahoo was finalizing a deal to sell off its core business to Verizon. That […]
Cloud Service Providers Beware, You May Be Subject to HIPAA Without Knowing It
“The use of cloud service providers has exploded in the past several years. According to estimates from Gartner, the market for cloud services is expected to reach $204 billion in 2016. But the use of cloud service providers raises significant privacy and security concerns, especially for health care providers who are subject to the Health […]
HIPAA business associate fines putting pressure on healthcare partners
“Regulations set in place by HIPAA certainly hve an impact on partners in healthcare – even those who are just dabbling in the vertical. But when it comes to impacting partners’ wallets, there’s more at risk than just dollars. With fines exetending to channel partners serving healthcare organizations via HIPAA’s business associate agreement (BAA) reaching […]
Cost to US Companies of Data Breach Totals $7 Million
“The cost to a U.S. company of a single lost or stolen digital record containing sensitive or confidential information reached $221 this year, up 2% year over year. The average total cost to a company from a data breach rose 7% to $7.01 million. On average, a single breach involved nearly 30,000 records, in a […]
St. Joseph Health to pay $2 million for HIPAA violations
St. Joseph Health will pay $2,140,500 to settle potential violations of the Health Insurance Portability and Accountability Act of 1996 Privacy and Security Rules. At issue, according to the Office for Civil Rights, which oversees HIPAA rules, were files containing electronic protected health information that were publicly accessible through internet search engines from 2011 until […]
Silicon Valley is seriously worried about a cyber attack on Election Day
Imagine a major attack against the Internet on Election Day with a singular goal: disrupt voter turnout. It sounds like pure paranoia, but that’s the gist of a debate that started on Twitter this weekend and quickly drew in some big names in Silicon Valley. Adam D’Angelo, Facebook’s (FB, Tech30) former chief technology officer and […]