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Target Sues Insurer Over 2013 Data Breach Costs

Data Breach Today

Lawsuit Claims Insurer Owes Retailer for Coverage of Card Replacement Costs Target has filed a lawsuit against its long-time insurer, ACE American Insurance Co., in an attempt to recoup money it spent to replace payment cards as part of settlements over the retailer's massive 2013 data breach.

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News Alert: QBE North America launches new cyber insurance program with Converge

The Last Watchdog

New York, NY, July 27, 2023 – QBE North America today announced the launch of a cyber insurance program with new MGA, Converge, acting as program administrator. The program will be broken down into two separate distribution structures, each with a distinct revenue focus and cyber security data access formation.

Insurance 188
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Automotive parts giant AutoZone disclosed data breach after MOVEit hack

Security Affairs

American retailer and distributor of automotive parts and accessories AutoZone discloses a data breach after a MOVEit attack. AutoZone is an American retailer and distributor of automotive parts and accessories. The company is one of the largest aftermarket automotive parts and accessories retailers in the United States.

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Data privacy examples

IBM Big Data Hub

An online retailer always gets users’ explicit consent before sharing customer data with its partners. A navigation app anonymizes activity data before analyzing it for travel trends. One cannot overstate the importance of data privacy for businesses today. The app heavily encrypts all user financial data.

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VF Corp December data breach impacts 35 million customers

Security Affairs

American global apparel and footwear company VF Corp revealed that the December data breach impacted 35.5 “Based on VF’s preliminary analysis from its ongoing investigation, VF currently estimates that the threat actor stole personal data of approximately 35.5 million customers. In 2015, the company controlled 55% of the U.S.

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6,009,014 MovieBoxPro Accounts Breached in Another Data Scraping Incident

IT Governance

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Data scraping is a typically automated process that extracts information from websites, allowing criminals to compile data sets containing personal information.

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Ransomware attacks break records in 2023: the number of victims rose by 128%

Security Affairs

The most targeted country in the world: the USA Ransomlooker data shows that the most targeted countries over the past four years are the same top five countries: the United States, United Kingdom, Canada, Germany, and France. This group primarily focused its attacks on the construction, manufacturing/industrial, and retail industries.