Data Breach news and trends

Bank of America: Cybercrime Could Be ‘World’s Third-Largest Economy’

October 10, 2024
Bank of America, cybercrime, fraud
FTC Requiring Marriott to Certify Security Program After Data Breaches
Security & Fraud // October 09, 2024

The Federal Trade Commission (FTC) plans to require Marriott International and its subsidiary Starwood Hotels & Resorts Worldwide to implement a comprehensive security program. This plan is part of a proposed settlement order regarding the FTC’s charges that three large data breaches from 2014 to 2020 resulted from...

AI Chatbots Spill the Beans on Company Trade Secrets
artificial intelligence // October 07, 2024

As artificial intelligence (AI) chatbots enter workplaces, they’re not just boosting productivity — they’re opening digital back doors to corporate secrets, with over a third of employees unwittingly playing the role of gatekeepers. A Sept. 24 survey by the National Cybersecurity Alliance revealed a startling...

Senate Proposal Would Set Minimum Cybersecurity Standards for Healthcare Firms
Cybersecurity // September 26, 2024

Nearly eight months after a hacker attack on UnitedHealth Group’s technology unit Change Healthcare roiled the healthcare industry, Capitol Hill has fired a shot across the bow for firms operating across the industry. A new bill introduced in the U.S. Senate by Democrats Ron Wyden...

Report: Disney Cuts Ties With Slack After Data Heist
Security & Fraud // September 19, 2024

Disney reportedly plans to stop using workplace collaboration platform Slack following a recent data breach. Chief financial officer Hugh Johnston announced the change this week, the Wall Street Journal (WSJ) reported Thursday (Sept. 19), citing an internal memo reviewed by the news outlet. That memo...

Interviews & Exclusives
AI Chatbots Spill the Beans on Company Trade Secrets

October 07, 2024
As artificial intelligence (AI) chatbots enter workplaces, they’re not just boosting productivity — they’re opening digital back doors to corporate secrets, with over a third of employees unwittingly playing the role of gatekeepers. A Sept. 24 survey by the National Cybersecurity Alliance revealed a startling trend: 38% of employees share sensitive work information with AI […]

2024 Is Already the Year of the Cyberattack

July 04, 2024
It’s the summer of steals, not the summer of deals, for businesses suffering cyber breaches. That’s because, as the world goes digital, fraudsters are constantly probing modern, multifaceted attack surfaces...

AT&T Breach Demands Vigilance as Fraudsters Leverage ID Data, Says Intellicheck’s Lewis

April 02, 2024
The fallout from the massive data breach at AT&T — where information tied to 73 million current and former account holders was leaked — has yet to be felt. And...

From Clorox to Casinos to Banks, Hacks Highlight Advantage of AI in Anti-Fraud Toolkits

September 18, 2023
Hack by hack, the fraudsters are getting bolder. And for enterprises girding against the rising tide of disruption and ransomware, advanced technologies are integral parts of any line of defense....

Quick Reads
Bank of America: Cybercrime Could Be ‘World’s Third-Largest Economy’

October 10, 2024
The cost of cyberattacks is reportedly growing alongside the increases in digitization and artificial intelligence (AI). “If cybercrime damage were a state, it would be the world’s third-largest economy,” Bank of America said in a Thursday investor note, Seeking Alpha reported Thursday (Oct. 10). The financial institution’s note added that 60% of organizations were hit by ransomware in […]

FTC Requiring Marriott to Certify Security Program After Data Breaches

October 09, 2024
The Federal Trade Commission (FTC) plans to require Marriott International and its subsidiary Starwood Hotels & Resorts Worldwide to implement a comprehensive security program. This plan is part of a proposed settlement order...

Report: Disney Cuts Ties With Slack After Data Heist

September 19, 2024
Disney reportedly plans to stop using workplace collaboration platform Slack following a recent data breach. Chief financial officer Hugh Johnston announced the change this week, the Wall Street Journal (WSJ)...

Seattle Port Still on ‘High Alert’ Following ‘Fast-Moving’ Cyberattack 

September 15, 2024
The Port of Seattle has provided new details about a ransomware cyberattack last month.  The “fast-moving” incident on August 24 was carried out by a criminal organization known as Rhysida,...