Australian health insurer Medibank says it received a ransomware demand from hackers asserting to have stolen data during a cybersecurity incident the company detected on Oct. 12. "Based on our ongoing forensic investigation we are treating the matter seriously at this time," the company says.
Personal data from MyDeal, a marketplace owned by Australia's Woolworths Group grocery chain, has appeared for sale on a data leak forum. It comes as wine retailer Vinomofo disclosed a breach and as the Optus telecommunications breach continues to fuel data security concerns in Australia.
In the latest "Proof of Concept," Lisa Sotto of Hunton Andrews Kurth LLP and former CISO David Pollino join ISMG editors discuss the first California consumer protection fine issued against retailer Sephora, defending against new ransomware tactics, and mitigating the impact of Zelle scams.
Australian health insurer Medibank told investors it stopped a probable ransomware attack before the attack could steal data or maliciously encrypt its systems. Australia has been undergoing an apparent spate of data breaches that continues with a breach of email addresses at e-commerce site MyDeal.
Australian health insurer Medibank Group says it has found no evidence of data compromise following its Wednesday detection of unusual network activity. The company, which serves nearly 4 million Australians, restored access to its policy websites on Friday.
The latest ISMG Security Report examines whether banks should be held liable for the rapidly increasing Zelle fraud problem, explores the latest M&A activity among IAM vendors, and discusses the implications of the new legal framework for personal data transfers between the U.S. and Europe.
Lloyd's of London says it has fully restored network services and that an investigation uncovered no evidence of a compromise. The insurance and reinsurance marketplace giant took systems offline last week after detecting what it called "suspicious activity."
Lloyd's of London is probing a possible cybersecurity incident that led it to yank some systems offline. Details are scarce at the moment, including whether the incident is malicious or involves ransomware and who may have instigated the incident.
Paige Thompson, the Capital One hacker known as "erratic," was sentenced to time served and five years of probation following her June conviction in U.S. federal court. The five-time felon exploited a weakness in web application firewalls on AWS accounts to steal data of 100 million individuals.
While vArmour has enjoyed success in banking, the U.S. government is now the fastest-growing part of its business. CEO Tim Eades says much of the government doesn't understand the relationships and dependencies among vArmour's applications or the consequences of an application going down.
Financial services firms in Africa are becoming bigger cyber targets as they expand into new mobile payment and financial inclusion products. Rob Dartnall of Security Alliance explains why these firms need to invest in information sharing, training and new cybersecurity practices to avoid breaches.
Credit card giant Capital One is moving past its 2019 hacking incident as federal regulators stop requiring quarterly updates on efforts to improve cybersecurity and a federal judge signs off on a $190 million settlement in a proposed class action lawsuit.
The latest edition of the ISMG Security Report discusses financial giant Morgan Stanley's failure to invest in proper hard drive destruction oversight, the future of ransomware and the gangs that have attacked organizations in recent years, and the methods required to secure new payments systems.
Financial services giant Morgan Stanley will pay a $35 million fine to settle U.S. Securities and Exchange Commission charges that it failed to comply with rules requiring it to safeguard customer data as well as ensure it is disposed of properly.
Customers of app-based bank Revolut should be on guard for phishing attempts after a data breach exposed personal details such as names, emails and telephone numbers. The London-based fintech startup told Lithuanian authorities the hacking incident affects more than 50,000 customers.