Tag: data breach

January 18, 2024

Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters surveyed believe cyber risk will increase in […]

June 24, 2022

New York’s financial services regulator has fined Carnival Corp. $5 million for violations of the state’s cybersecurity regulations that the state says caused four cyber breaches and the exposure of personal data belonging to its customers, including New York consumers. […]

June 22, 2022

Flagstar said it has no evidence that any of the information obtained in the breach has been misused. The bank has hired the global consultant Kroll in the aftermath of the breach. “Nevertheless, out of an abundance of caution we […]

March 14, 2022

Lake Shore Savings Bank in Dunkirk, New York, disclosed in a financial statement to investors that it had suffered a data breach after hackers gained access to customers’ personal information. The bank, which recently reported it has just under $600 […]

July 12, 2021

While there was no breach of Morgan Stanley applications, the bank was still subject to an incident through a supply chain attack. In this case, a compromise further up the supply chain, the vendor of a Morgan Stanley vendor, led […]

September 29, 2020

In its report, Verizon reveals that the financial sector ranks fourth among all sectors (1,509 incidents), and at second overall just behind healthcare (448 breaches) in its analysis of more than 32,000 security incidents and 3,950 breaches. In addition, these […]

August 10, 2020

The fine relates to a July 2019 data breach which exposed the records of more than 100 million customers. A hacker accessed American and Canadian Capital One customers’ data hosted on Amazon Web Services (AWS). The breach exposed names, addresses, […]

April 20, 2020

One of the largest consumer credit reporting agencies in the country has agreed to pay $18.2 million and undertake significant injunctive relief following a massive data breach in 2017 that compromised the personal information of nearly three million Massachusetts residents, […]

November 1, 2019

Months after class-action attorneys and regulators unveiled a $700 million dollar settlement with Equifax for a massive data breach affecting 147 million people, new court papers say approximately 3 million consumers have chosen the deal’s free credit monitoring services. The […]

July 30, 2019

An external security investigator notified Capital One on 17 July and the breach was confirmed on 19 July. The FBI has arrested the alleged hacker and taken them into custody. The Financial Times reports that the suspect is Paige Thompson, […]

April 2, 2018

Is there a solution to credit-card fraud? Hackers have potentially breached the credit- and debit-card data of more than 5 million customers from the parent company of Saks Fifth Avenue, Saks Off Fifth and Lord & Taylor stores, according to […]

October 4, 2017

Equifax’s former CEO, Richard Smith, is likely to face heated questioning from members of the Senate Banking Committee Wednesday as he returns to Capitol Hill for a second day of testimony. He is scheduled to appear in the Banking and, […]

September 21, 2017

More than sloppy cybersecurity measures, the massive data breach uncovered at Equifax revealed inherent flaws in the U.S.: the over-reliance on Social Security numbers credit reporting system in need of reform. The Social Security number is a “chief means” of […]